Tyler Technologies to Provide Electronic Vehicle Titling and Liens for the State of Kentucky
12 Setembro 2023 - 10:17AM
Business Wire
Tyler’s solutions will make titling and lien
processes more efficient for Kentucky’s government, businesses, and
residents
Tyler Technologies, Inc. (NYSE: TYL) announced it has signed an
agreement with its strategic partner Champ Titles, Inc. and the
Kentucky Transportation Cabinet to implement Tyler’s electronic
solutions for vehicle titling and liens.
Kentucky State House Bill 284, passed during the 2022 Regular
Session, creates a new section of existing law to establish
electronic title and lien applications and registration systems
that allow submission of required forms and fees electronically.
Because of this mandate, the Kentucky Transportation Cabinet needed
to select software solutions for electronic vehicle titling and
liens.
“We were intrigued by the reviews from our counterpart in West
Virginia, where the solution is in production, and the system
demonstration revealed it was capable of meeting our requirements,”
said Heather Stout, executive director of Information Technology,
Kentucky Transportation Cabinet. “We’re excited to implement a
solution to make the vehicle titling and lien processes more
efficient for our constituents.”
The county clerks of Kentucky currently process title and lien
applications through a paper driven process and wanted more
efficient processing capabilities. Tyler and its strategic partner,
Champ Titles, will provide several benefits to all stakeholders in
the vehicle title and lien ecosystem through this electronic
transformation, including serving vehicle retailers, lending
institutions, insurance carriers, the Kentucky Transportation
Cabinet, and the residents of Kentucky. Some of the notable
benefits will include:
- Reduced costs. Paperless transaction processing saves
time and money for dealers, lenders, residents, and agency
staff.
- Improved efficiency. It is expected that title transfer
times will average less than three days once Tyler’s system is
fully implemented. Additionally, one title clerk will be able to
process at least five times as many titles as is currently
done.
- Near elimination of current fraud. Paper processes are
prone to errors and can be easily manipulated, allowing for more
opportunities to perpetrate fraud. Once digital processes have
replaced transacting in paper, most forms of title fraud become
impossible.
- Increased environmental benefits. By operating in a
fully paperless environment, the state of Kentucky and users of the
electronic titling system will be able to eliminate the use of more
than 15 million pieces of paper each year. In addition, as title
and lien transactions become fully digital, commutes to and from
county clerk offices to submit documents are reduced.
Tyler and Champ Titles first introduced statewide digital
titling in West Virginia in 2021. Already, the digital titling
program has eliminated more than 5 million pieces of paper
annually, reduced the processing time from 40-60 days to a matter
of hours, and increased productivity with title clerks processing
five times as many titles per day.
“We’re excited to introduce electronic titling and liens to the
state of Kentucky, along with our partner, Champ Titles,” said
Carlos Luna, general manager for Tyler’s Kentucky state enterprise.
“We know that going paperless brings numerous benefits not only to
our client, but more importantly to residents. We look forward to
helping the Kentucky Transportation Cabinet realize benefits such
as reduced costs, streamlined processes, and more accurate and
secure information.”
About Tyler Technologies,
Inc.
Tyler Technologies (NYSE: TYL) provides integrated software and
technology services to the public sector. Tyler’s end-to-end
solutions empower local, state, and federal government entities to
operate efficiently and transparently with residents and each
other. By connecting data and processes across disparate systems,
Tyler’s solutions transform how clients turn actionable insights
into opportunities and solutions for their communities. Tyler has
more than 40,000 successful installations across nearly 13,000
locations, with clients in all 50 states, Canada, the Caribbean,
Australia, and other international locations. Tyler has been
recognized numerous times for growth and innovation, including
Government Technology’s GovTech 100 list. More information about
Tyler Technologies, an S&P 500 company headquartered in Plano,
Texas, can be found at tylertech.com.
About Champ Titles
Champ Titles builds technology for governments to solve the
problems their constituents have with title and registration. Those
constituents include vehicle retailers, vehicle wholesalers,
insurance carriers, fleet operators, all of the service providers
that serve each of these industry verticals, and consumers. Founded
in 2018, Champ replaces state DMV title and registration systems
with its intuitive software and enables the constituents of
government to reduce the amount of time it takes to create, manage,
and transfer a vehicle title and registration. To learn more about
Champ, please visit www.champtitles.com.
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Jennifer Kepler Tyler Technologies 972.713.3770
Media.team@tylertech.com
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