Tyler Technologies ( TYL Quick Quote TYL - Free Report) revealed that the Complaints Management and Adjudication Branch of the Diversity, Equity and Inclusion (DEI) Office of the U.S. National Guard Bureau (“NGB”) has selected TYL’s Workforce Case Management application suite.
The application suite will help in establishing a centralized system for tracking and reporting complaints, which, upon implementation, will be under the supervision of NGB-DEI's Complaints Management and Adjudication Branch.
Under its Workforce Case Management application suite, Tyler will implement program management and reporting applications for military equal opportunity and civilian equal employment opportunity (EEO), Anti-Harassment and Reasonable Accommodation.
The new system will establish a top-down view for tracking and reporting complaints across all military branches in all 54 U.S. states, districts and territories, serving as a unified mechanism for managing both formal and informal harassment and discrimination complaints.
The system will assist defense branches in complying with the prescribed timeframes set by the Department of Defense (DoD) and federal regulations. Meeting these timeframes is essential to ensure that these branches adhere to data tracking and reporting requirements mandated by the government. DoD agencies must share this data with the DoD Office of the Secretary of Defense and the U.S. EEO Commission in accordance with federal guidelines.
Tyler possesses significant expertise in delivering workforce case management applications within the federal sector. Presently, the company serves 35 distinct systems within the DoD, handling 80% of federal EEO claims through its software.
Furthermore, TYL is experiencing a growing momentum in the public safety market. In the second quarter of 2023, the company has struck three contracts that include cloud deployment for the State Police of Oregon, on-prem deployment for the State Highway Patrol department of Missouri and Mobile Solution for Harris County. This momentum is fueled by the company's expertise in cloud adaptation, migration and optimization, in addition to organic growth in its Software as a Service revenues.
In addition to these solutions, Tyler is also benefiting from its unified payment strategy in its Digital Solutions division, which has resulted in 132 new payment deals, adding significant value to its business model. Furthermore, during the second quarter of 2023, the company has experienced the advantages of securing new contracts, extending contract agreements and renewing existing contracts in the states of Wisconsin, Connecticut, Illinois, Idaho, New Jersey, West Virginia and Kentucky.
Zacks Rank and Stocks to Consider
Currently, Tyler carries a Zacks Rank #3 (Hold). Shares of the company have returned 12.8% year to date.
Some better-ranked stocks from the broader technology sector are
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