Revolutionizing Local Government Budgeting with Innovative Tools

Strategic Partnership for Enhanced Budgeting

Envisio and Tyler Technologies have announced an exciting partnership aimed at transforming the landscape of local government budgeting. This collaboration aims to integrate various tools and services that promote priority-based budgeting (PBB), strategic planning, and performance management. The partnership aligns with the Rethinking Budgeting guidelines, which propose innovative methods for fiscal governance.

Commitment to Rethinking Budgeting

Both organizations are deeply invested in advancing the Rethinking Budgeting initiative, supported by the Government Finance Officers Association (GFOA). This initiative is in collaboration with respected bodies such as the International City/County Management Association (ICMA) and the National League of Cities (NLC). Together, Envisio and Tyler have played significant roles in crafting the enhanced budgeting strategy, now recognized as a formal operating system for local governments.

Supporting Local Governments

In partnership with GFOA, they have developed a crucial readiness assessment tool to help local governments in evaluating and reworking their existing budget processes. The goal is to create a more responsive and transparent budgeting environment that better matches the changing needs of communities.

The Need for Modern Budgeting Solutions

With the acknowledgment that traditional line-item budget processes are becoming outdated, many local governments recognize the necessity for modernization. This entails increasing adaptability to the evolving community demands while ensuring transparency and accountability in budget operations.

Aligning Resources with Community Needs

Priority-Based Budgeting helps government agencies examine their financial flows while aligning budgets with strategic community objectives. This methodology promotes better results and enhanced public comprehension of taxpayer spending. However, achieving actual results requires diligent measurement and management to ensure accountability and visibility.

Empowering Government through Strategy and Performance

One of the key principles of Rethinking Budgeting is the ability for local governments to realign their resources according to set priorities. By integrating budget allocations with actionable planning, governments can measure outcomes and adjust their strategies based on performance feedback. Stefan Baerg, Chief Revenue Officer at Envisio, emphasized the importance of this approach, underlining that Envisio provides a framework that enables organizations to implement their outcome-based budgeting effectively.

This dynamic partnership between Tyler and Envisio blends Tyler's expertise in Priority Based Budgeting with Envisio's performance management solutions, allowing local governments to effectively marry their financial resources with their strategic priorities. This alignment leads to tangible results, fostering transparency among staff, officials, and community members.

A Comprehensive Solution for Local Governments

Chris Fabian, Tyler's senior director of product strategy for ERP Budgeting, remarked on the indispensable nature of budgeting as a foundational element for enhancing community outcomes. He noted, "Priority Based Budgeting complements Envisio by embedding strategic priorities, while Envisio amplifies its impact by managing, tracking, and showcasing results. This partnership delivers an all-encompassing solution for local governments focused on fostering significant, measurable improvements in their operations."

About Envisio

Envisio is reputed as the premier strategic planning and performance management tool utilized by local government entities. Various municipalities, educational districts, and public organizations employ Envisio to facilitate plan execution, performance measurement, data reporting, and to promote transparent decision-making that instills community trust.

About Tyler Technologies, Inc.

Tyler Technologies (NYSE: TYL) stands as a top provider of integrated technology and software solutions tailored for public sector organizations. Tyler's comprehensive services enable government entities at all levels to operate more efficiently and transparently. By establishing interconnectivity across diverse systems, Tyler enables its clients to convert actionable insights into innovative community solutions. With over 44,000 installations spread over 13,000 locations, Tyler Technologies has made a significant impact in the public sector.

For further information, please feel free to reach out. Our commitment to transforming local government operations continues to drive our initiatives forward.

Frequently Asked Questions

What is the primary goal of the partnership between Envisio and Tyler Technologies?

The partnership focuses on enhancing local government budgeting through priority-based budgeting and strategic planning.

How does the Rethinking Budgeting initiative fit into this partnership?

Both companies support the Rethinking Budgeting initiative, which aims to modernize budget processes in local governments.

What are the benefits of Priority Based Budgeting?

Priority Based Budgeting aligns financial resources with strategic goals, leading to better community outcomes and increased budget transparency.

Who can benefit from Envisio’s solutions?

Local governments, educational districts, and any public sector organizations looking to improve their planning and performance management.

How does Tyler Technologies support government entities?

Tyler Technologies provides integrated software solutions that enhance operational efficiency and transparency among government entities.

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