Collier County, Florida, Selects Priority Based Budgeting Solution from Tyler Technologies
12 März 2024 - 2:17PM
Business Wire
New budgeting approach will enable improved
efficiency and community transparency
Tyler Technologies, Inc. (NYSE: TYL) announced today it has
signed an agreement with Collier County, Florida, for Tyler’s
Priority Based Budgeting solution, which will help improve the
performance and efficiency of the county’s budget by removing the
common limitations of line-item budgeting.
“We are very excited to work with Tyler to transform our current
budget process with Priority Based Budgeting,” said Collier County
Commissioner Chris Hall. “We will be able to achieve improved
budget priority alignment, efficiency, cost containment,
accountability, and most importantly, transparency to our staff and
our community.”
The priority-based budgeting approach aligns resources and
funding with community priorities and outcomes, shifting the focus
to accountability for program results. This creates transparency
and a better understanding of the true cost of each program.
With the implementation of Tyler’s Priority Based Budgeting
solution, the county will be able to transform its budget process
and help fulfill the priorities of its strategic plan. This
includes safeguarding taxpayer money by promoting fiscal
stewardship and promoting data-driven decision-making. In addition,
Tyler’s Priority Based Budgeting includes machine learning
capabilities to build predictive analytics that create an improved
budget model, leading to targeted predictions that influence
programs and outcomes.
Following Tyler’s acquisition of ResourceX in October 2023,
Tyler added Priority Based Budgeting to its ERP portfolio,
elevating Tyler’s offerings in the public sector budgeting space.
Collier County joins a growing number of local governments adopting
priority-based budgeting methodologies, in line with budgeting best
practice recommendations by the Government Finance Officers
Association (GFOA).
“We’re pleased to bring Tyler’s Priority Based Budgeting
solution and methodology to Collier County,” said Chris Webster,
president of Tyler’s ERP & Civic Division. “This approach to
budgeting brings an increased speed of implementation through its
machine learning capabilities allowing the county to make important
budget decisions that align with its priorities and goals. We are
proud to support Collier County as it creates meaningful outcomes
for its community.”
With a population of roughly 392,000, Collier County is located
at the southern end of Florida’s Gulf Coast and includes the city
of Naples.
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/20240312643816/en/
Jennifer Kepler Tyler Technologies 972.713.3770
Media.team@tylertech.com
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