Financial Software builds CAFR statements.

Press Release Summary:



Available for Eden, Fundbalance, Incode®, and Munis® financial software suites, Tyler CAFR Statement Builder helps local government agencies develop comprehensive annual financial report while meeting reporting requirements of Governmental Accounting Standards Board. GASB rules are embedded and application is updated when GASB requirements change, assuring that tool will always be compliant. Web-based product can be delivered as cloud-based solution or on-premise deployment.



Original Press Release:



Tyler Technologies Announces New CAFR Statement Builder Application



New financial application provides modern user interface and Web-based access for report writing



Tyler Technologies, Inc. (NYSE: TYL) has announced the general availability of Tyler CAFR Statement Builder for the financial software suites of Eden, Fundbalance, Incode® and Munis®. The Tyler CAFR Statement Builder will help local government agencies develop a comprehensive annual financial report (CAFR) while meeting the reporting requirements of the Governmental Accounting Standards Board (GASB).



The GASB defines the reporting model for all governmental entities to follow when preparing statements and schedules for the CAFR. The GASB rules are embedded in Tyler CAFR Statement Builder and the application is updated when GASB requirements change, assuring that the tool will always be compliant. Tyler CAFR Statement Builder is Web-based and can be delivered as a cloud-based solution or on-premise deployment. Clients using Tyler GASB 34 Report Writer are eligible to upgrade to Tyler CAFR Statement Builder without relicensing fees under Tyler's evergreen policy.



Clermont County, Ohio, is a long-time client using Tyler solutions for several offices. The county is part of Munis' early adoption program, participating in testing the software in a live environment and enabling Tyler to deliver the highest quality, client-tested software releases.



"Clermont County likes to be one step ahead of technology so we opted to try Tyler CAFR Statement Builder as an early adopter," said Jennifer Hartley, deputy auditor of special operations at Clermont County. "We've been using Tyler GASB 34 Report Writer since 2010 and we're ready to make the official switch to Tyler CAFR Statement Builder after realizing the time saved on producing statements through the new application. The intuitiveness of the CAFR builder and the user interface makes report writing a lot easier, and because this is Web-based and we're using a cloud-hosted solution, I can access the information I need from anywhere."



"We always strive to provide our clients with the best technology and user experience, continually investing in our solution offerings with the end-user in mind," said Richard E. Peterson Jr., president of Tyler's ERP & School Division. "Tyler's CAFR Statement Builder is a modern application that will help our clients efficiently meet their reporting goals year over year."



In addition to Munis, Ohio's Clermont County uses multiple Tyler software solutions including iasWorld® and Tyler Verify appraisal and tax software. The county employs 1,400 staff and has a population of about 200,000.



About Tyler Technologies, Inc.

Tyler Technologies (NYSE: 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, the United Kingdom and other international locations. Forbes has named Tyler one of "America's Best Small Companies" seven times and the company has been included four times on the Barron's 400 Index, a measure of the most promising companies in America. More information about Plano-based Tyler Technologies can be found at www.tylertech.com.

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