PLANO, Texas–(BUSINESS WIRE)–Tyler Technologies, Inc. (NYSE:TYL) today announced that the New Jersey State Office of Information Technology has successfully commissioned the Economic intelligence Solution. Data acquired from partner aggregators, including SafeGraph and Affinity Solutions integrates with Tyler’s Data & Insights platform so the State of New Jersey can analyze and understand economic trends and determine how to effectively deploy American Rescue Plan Act (ARPA) funds.
“The pandemic has had a significant impact on small business revenues and consumer spending habits, and we needed a tool that would help us easily analyze the impact of these measures on our state’s overall economic situation. “, said Poonam Soans, Chief Data Officer for the State of New Jersey. “We are delighted to have implemented the Tyler Economic Intelligence solution, which gives our leadership a single, comprehensive view of critical third-party data that is central to our economic recovery and understanding of how the New Jersey after COVID-19 is progressing.”
Tyler’s partnerships with SafeGraph, Affinity Solutions and others have enabled Tyler to develop a turnkey, data-driven solution for recovery. Tyler Business Intelligence uses authoritative business data from these third parties to provide decision support models and integrated analysis for New Jersey management. Additionally, consumer spending data is anonymized and aggregated and made available to the state to provide visibility into budget forecasts, revenue, and economic activity.
“Integrating Affinity’s anonymized credit and debit card purchase data into Tyler’s platform gives government leaders a very accurate view of local consumer spending,” said Phil Lore, chief revenue officer. of Affinity Solutions. “The ability to break down shopping behavior into their local geographies and spending categories will help state leaders make more data-informed policy decisions.”
“Our partnership with Tyler makes geospatial data and critical consumer information even more accessible to government agencies,” said Ross Epstein, vice president of new projects, SafeGraph. “Our experience with private and public sector clients shows that this kind of economic data helps them make better decisions for their stakeholders.”
Not only does this data measure current economic conditions, but it can also be used to inform and guide policy changes and ensure fair use of funding. New Jersey leaders are now using Tyler’s business intelligence to make better decisions as they plan to revive businesses, restore incomes, boost investment, protect jobs and continue to support social programs. in a post-pandemic environment.
“We know that many state and local governments rely on sales taxes, payroll taxes and business license fees as their primary source of revenue, and the pandemic has negatively impacted these revenue streams,” Saf Rabah said. , vice president of data solutions for Tyler. . “We are excited to bring the State of New Jersey more visibility into the many data points regarding consumer spending and small business data so they can better inform their recovery actions.”
About Tyler Technologies, Inc.
Tyler Technologies (NYSE:TYL) provides integrated software and technology services to the public sector. Tyler’s end-to-end solutions enable local, state and federal government entities to operate more efficiently and connect more seamlessly with their constituents and each other. By connecting data and processes across disparate systems, Tyler’s solutions transform how customers get actionable insights that solve problems in their communities. Tyler has over 37,000 successful installations at over 12,000 locations, with customers in all 50 states, Canada, the Caribbean, Australia and other countries. Tyler has been recognized numerous times for its growth and innovation, including Government Technology’s GovTech 100 list and Forbes’ list of “Most Innovative Growth Companies.” For more information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, visit tylertech.com.