Tyler Technologies Acquires ResourceX
Summary
We know this solution will enhance our entire ERP portfolio and bring even more efficiency and transparency to communities.” Today, line-item budgeting is widely used because of its ease of implementation; however, that approach has some limitations. Line-item budgeting can often lack a strategic focus, does not encourage a thorough review of program effectiveness, and limits the ability to reallocate resources quickly to address emerging challenges or opportunities. Conversely, priority-based budgeting encourages a shift in the way resource allocation decisions are made, recentering the jurisdiction’s options on the programs and services provided to achieve the outcomes that matter most to residents. ResourceX’s applications leverage machine learning and artificial intelligence (AI) to predict and identify multi-million-dollar opportunities, allowing its clients to reallocate resources to meet desired outcomes of programs and services. “There is a major need for this kind of solution, and we’re excited to help jurisdictions make better, data-informed decisions when it comes to budgeting.” Based in Denver, Colorado, ResourceX was founded by Chris Fabian in 2015.
