City of Fairfax, Virginia, Selects Tyler Technologies’ Enterprise Resource Planning Solution

Rhea-AI Summary

Tyler Technologies (NYSE: TYL) has entered a partnership with the City of Fairfax, Virginia, to implement its Enterprise ERP solution, enhancing financial management, purchasing, and payroll processes. Fairfax aims to modernize its current technology with Tyler's robust system that includes advanced procurement tools and a new Time & Attendance solution. This upgrade is expected to provide real-time insights for better decision-making and greater transparency for constituents, benefiting the city’s operational efficiency.

Positive

• Signed agreement with City of Fairfax for Enterprise ERP solution.
• Enhances financial management, purchasing, and payroll processes.
• Provides real-time insights into business operations for strategic decision-making.

Negative

• None.

Solution to help city strengthen transparency to constituents

PLANO, Texas--(BUSINESS WIRE)-- Tyler Technologies, Inc. (NYSE: TYL) announced it has signed an agreement with the City of Fairfax, Virginia, for Tyler’s Enterprise ERP solution, powered by Munis^®. The city will use Enterprise ERP for financial management, purchasing, and human resources and payroll, as well as Tyler’s Time & Attendance solution for payroll timekeeping.

The city was seeking to upgrade to a more modern, integrated enterprise resource planning (ERP) solution as its current technology is not meeting the city’s needs. Tyler’s Enterprise ERP solution will bring new capabilities and benefits to Fairfax, including:

• Robust financial management to handle every aspect of accounting, budgeting, and project performance
• Procurement tools including integrated requisitioning and ordering
• A new Time & Attendance solution that allows for advanced scheduling, offers employees self-service functionalities, and allows the city to manage overtime, job posting, and labor data

Tyler’s Enterprise Financial Management software will help the city increase its performance and efficiency by providing real-time insight into business processes for strategic decision making. The city will be able to automatically batch generate checks and have real-time visibility into capital assets. Overall, these tools will help the city use business intelligence to inform decision making and be more transparent to its constituents.

The City of Fairfax is an independent city in the Commonwealth of Virginia and is located 14 miles west of Washington, D.C. It has a population of approximately 25,000. More than 200 organizations in Virginia use Tyler solutions.

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 more efficiently and connect more transparently with their constituents and with each other. By connecting data and processes across disparate systems, Tyler's solutions are transforming how clients gain actionable insights that solve problems in their communities. Tyler has more than 37,000 successful installations across more than 12,000 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 and Forbes' "Most Innovative Growth Companies" list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221206005092/en/

Jennifer Kepler

Tyler Technologies

972.713.3770

Media.team@tylertech.com

Source: Tyler Technologies

FAQ

What is Tyler Technologies' recent partnership about?

Tyler Technologies signed a partnership with the City of Fairfax to implement its Enterprise ERP solution for financial management and payroll.

How will the Enterprise ERP solution benefit the City of Fairfax?

The solution will provide improved financial management, real-time business insights, and enhance operational transparency.

When was the agreement between Tyler Technologies and the City of Fairfax announced?

The agreement was announced on December 6, 2022.

What features does Tyler's Enterprise ERP offer?

It includes robust financial management tools, procurement capabilities, and a Time & Attendance solution for payroll.

What stock symbol represents Tyler Technologies?

The stock symbol for Tyler Technologies is TYL.