Tyler Technologies Acquires ResourceX
31 Outubro 2023 - 5:17PM
Business Wire
Acquisition adds priority-based budgeting
solution to Tyler’s ERP portfolio
Tyler Technologies, Inc. (NYSE: TYL) announced today it has
acquired ResourceX, a leader in providing priority-based budgeting
software to the public sector to address key challenges faced in
traditional budgeting processes, such as lack of funding and
transparency.
Through this acquisition, Tyler adds ResourceX’s priority-based
budgeting solutions to its portfolio, elevating Tyler’s offerings
in the public sector budgeting space and providing a unique
enterprise resource planning (ERP) offering.
“Priority-based budgeting is an up-and-coming pillar in public
sector budgeting solutions,” said Chris Webster, president of
Tyler’s ERP & Civic Division. “We are excited to not only bring
this comprehensive offering to our clients but also to integrate
the ResourceX team into Tyler. We know this solution will enhance
our entire ERP portfolio and bring even more efficiency and
transparency to communities.”
Today, line-item budgeting is widely used because of its ease of
implementation; however, that approach has some limitations.
Line-item budgeting can often lack a strategic focus, does not
encourage a thorough review of program effectiveness, and limits
the ability to reallocate resources quickly to address emerging
challenges or opportunities.
Conversely, priority-based budgeting encourages a shift in the
way resource allocation decisions are made, recentering the
jurisdiction’s options on the programs and services provided to
achieve the outcomes that matter most to residents. Overall,
priority-based budgeting improves the performance and efficiency of
the government budget by removing limitations to line-item
budgeting.
ResourceX’s applications leverage machine learning and
artificial intelligence (AI) to predict and identify
multi-million-dollar opportunities, allowing its clients to
reallocate resources to meet desired outcomes of programs and
services. In addition, the company developed and introduced a
capital budget prioritization solution, as well as automated
reporting to meet key components of an annual budget book designed
to adhere to the Government Finance Officers Association’s (GFOA)
standards.
ResourceX has more than 60 clients across the U.S. and Canada,
including several jurisdictions near Tyler’s Plano, Texas,
headquarters, including the cities of Addison and Fort Worth, and
Frisco Independent School District. Additionally, the cities of
Tulsa, Oklahoma; Salt Lake City, Utah; Albuquerque, New Mexico; and
Pittsburgh, Pennsylvania, use ResourceX’s solutions.
“We look forward to combining our expertise in priority-based
budgeting with Tyler’s expertise and decades of experience in
providing public sector ERP applications,” said Chris Fabian,
founder of ResourceX. “There is a major need for this kind of
solution, and we’re excited to help jurisdictions make better,
data-informed decisions when it comes to budgeting.”
Based in Denver, Colorado, ResourceX was founded by Chris Fabian
in 2015. Management and staff will become part of Tyler’s ERP &
Civic Division.
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.
#TYL_Financial
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version on businesswire.com: https://www.businesswire.com/news/home/20231030164735/en/
Jennifer Kepler Tyler Technologies 972.713.3770
Media.team@tylertech.com
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