Automating Financial Planning & Analytics: A Case Study on Tyler Technologies

Tyler Technologies, a leading provider of end-to-end information management solutions and services for local governments, faced significant challenges following a period of substantial growth. The company had acquired numerous software solutions companies, increasing its revenue threefold. This growth, however, presented a series of challenges, particularly for the finance team. The team was struggling to keep up with the increased business demands, obtain necessary data for efficient analysis and reporting, incorporate acquisitions into their systems, and maintain consistent reporting. The company's structure, built through a series of acquisitions, meant that each division had its own Financial Planning and Analysis (FP&A) team performing planning and forecasting. The data was then sent to the Corporate FP&A team for consolidation, a process that was manual, static, and prone to errors. The lack of a central repository for plans and forecasts further complicated the process. The company needed a new system that would be reliable, speed up consolidation time, standardize all planning and forecasting activities, and have user-friendly drill-down capabilities.

Tyler Technologies, based in Plano, Texas, is a leading provider of end-to-end information management solutions and services for local governments. An S&P 500 company, 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 their constituents. Over the last decade, Tyler has grown significantly through 24 software solution acquisitions, developing a broad portfolio of SaaS businesses supporting communities. Today, Tyler's revenues have grown from $300 million to $1.6 billion, and the company continues to grow through further acquisitions.