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Tyler Technologies Signs $6 Million Contract With the State of Rhode Island Judiciary

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By Business Wirevia The Motley Fool

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Tyler Technologies Signs $6 Million Contract With the State of Rhode Island Judiciary

Rhode Island Judiciary to use Tyler’s comprehensive Odyssey ® court case management and e-filing solution

DALLAS–(BUSINESS WIRE)– The Rhode Island Judiciary has signed an agreement with Tyler Technologies, Inc. (NYS: TYL) for its Odyssey®integrated courts and justice solution. The agreement is valued at approximately $6 million and includes software licenses, related professional services, maintenance and support. Rhode Island represents Tyler’s ninth statewide client for Odyssey.

The Rhode Island Judiciary has invested in a wide range of integrated Odyssey applications, including case management, financial management, public access, supervision and SessionWorks® Judge Edition and Clerk Edition to aid in courtroom efficiency. Additionally, the Judiciary will use Odyssey File & Serve, replacing their current manual filing processes, for simplified e-filing (electronic filing) that will benefit the courts and legal community.

“We were looking for a vendor that had proven experience with statewide court case management implementations and e-filing; after a thorough competitive evaluation it was clear Tyler was our best choice,” said Peter Panciocco, Rhode Island Supreme Court’s executive director and member of the state’s courts executive committee and vendor evaluation team. “Odyssey’s large network of successful users will provide Rhode Island a valuable resource, and we plan to leverage their best practices and apply those lessons to our new business processes. In addition, e-filing will provide tremendous benefit to the state by eliminating our current paper process, saving time and money.”

The comprehensive Odyssey solution selected by Rhode Island will create an end-to-end electronic process — starting at the initiation of the case, via e-filing, and ending with an electronic case file used by judges on the bench. The Rhode Island Judiciary serves a population of approximately 1,050,000 with seven physical court locations throughout five counties. Odyssey will support approximately 750 internal court users at Rhode Island‘s Supreme Court, Superior Court, Family Court, District Court, Worker’s Compensation Court and the Rhode Island Traffic Tribunal.

In addition to innovative products, Tyler has mature systems and expert processes that help courts generate efficiencies and cost savings from their technology investments. This has led to a track record of success for Odyssey clients in more than 450 counties across 18 states serving more than 75 million citizens.

“We are proud that Rhode Island has selected Odyssey to create an electronic process from initiation to disposition,” said Bruce Graham, president of Tyler’s Courts …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

City in Florida's Palm Beach County Selects Tyler Technologies' EnerGov® Solution

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By Business Wirevia The Motley Fool

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City in Florida’s Palm Beach County Selects Tyler Technologies’ EnerGov ® Solution

Jupiter, Fla., chooses Tyler’s EnerGov to improve business processes and customer satisfaction

DALLAS–(BUSINESS WIRE)– Tyler Technologies, Inc. (NYS: TYL) has signed an agreement with the city of Jupiter, Fla., to implement Tyler’s EnerGov® planning, permitting and licensing solution. The agreement includes related professional services, training and support. Jupiter also uses Tyler’s Munis®enterprise resource planning (ERP) solution.

The city selected Tyler’s EnerGov Web-based automation platform for its comprehensive end-to-end permitting and land management solutions. Jupiter will use EnerGov to provide enhanced online constituent access to services, as well as improved reporting and logistical efficiencies. Jupiter is located in Palm Beach County and has a population of approximately 55,000.


About Tyler Technologies, Inc.

Tyler Technologies (NYS: TYL) is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector — cities, counties, schools and other government entities — to become more efficient, more accessible and more responsive to the needs of citizens. Tyler’s client base includes more than 11,000 local government offices in all 50 states, Canada, the Caribbean and the United Kingdom. Forbes has named Tyler one of “America’s Best Small Companies” five times in the last six years. More information about Dallas-based Tyler Technologies can be found at www.tylertech.com.

Jetstream PR for Tyler Technologies
Tony Katsulos, 972-788-9456, ext. 301
katsulos@jetstreampr.com

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

How Should You Be Playing Tyler Technologies?

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By Seth Jayson, The Motley Fool

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There’s no foolproof way to know the future for Tyler Technologies (NYS: TYL) or any other company. However, certain clues may help you see potential stumbles before they happen — and before your stock craters as a result.

A cloudy crystal ball
 In this series, we use accounts receivable and days sales outstanding to judge a company’s current health and future prospects. It’s an important step in separating the pretenders from the market’s best stocks. Alone, AR — the amount of money owed the company — and DSO — the number of days’ worth of sales owed to the company — don’t tell you much. However, by considering the trends in AR and DSO, you can sometimes get a window onto the future.

Sometimes, problems with AR or DSO simply indicate a change in the business (like an acquisition), or lax collections. However, AR that grows more quickly than revenue, or ballooning DSO, can, at times, suggest a desperate company that’s trying to boost sales by giving its customers overly generous payment terms. Alternately, it can indicate that the company sprinted to book a load of sales at the end of the quarter, like used-car dealers on the 29th of the month. (Sometimes, companies do both.)

Why might an upstanding firm like Tyler Technologies do this? For the same reason any other company might: to make the numbers. Investors don’t like revenue shortfalls, and employees don’t like reporting them to their superiors.

Is Tyler Technologies sending any potential warning signs? Take a look at the chart below, which plots revenue growth against AR growth, and DSO:

Source: S&P Capital IQ. Data is current as of last fully reported fiscal quarter. FQ = fiscal quarter.

The standard way to calculate DSO uses average accounts receivable. I prefer to look at end-of-quarter receivables, but I’ve plotted both above.

Watching the trends
 When that red line (AR growth) crosses above the green line (revenue growth), I know I need to consult the filings. Similarly, a spike in the blue bars indicates a trend worth worrying about. Tyler Technologies‘s latest average DSO stands at 86.1 days, and the end-of-quarter figure is 96.8 days. Differences in business models can generate variations in DSO, and business needs can require occasional fluctuations, but all things being equal, I like to see this figure stay steady. So, let’s get back to our original question: Based on DSO and sales, does Tyler Technologies look like it might miss its numbers in the next quarter or two?

The numbers don’t paint a clear picture. For the last fully reported fiscal quarter, Tyler Technologies‘s year-over-year revenue grew 16.2%, …read more
Source: FULL ARTICLE at DailyFinance