The government technology supplier says that Anchorage will use the company’s enterprise Payments platform.
Officials will use the tool to “streamline and manage the entire payments life cycle, from billing to presentment, revenue collection, fund settlement, financial reconciliation and reporting,” according to a statement from Tyler.
Anchorage officials can use the cloud-based platform to centralize revenue collection, bring more transparency to finances and offer what the company calls “a modern, user-friendly payment experience for residents and businesses.”
Real-time account updates for residents also come with the platform.
“We are committed to enhancing the way residents interact with our services while improving efficiency across the municipality,” said Lance Wilber, chief fiscal officer of Anchorage, in the statement. “Expanding our relationship with Tyler to include enterprise Payments allows us to offer a more convenient, accessible and seamless payment experience for our community.”
Tyler has consolidated its payment options gained via acquisition and is putting a significant amount of faith into the business of government payments even as the company pursues higher-profile products backed by AI.
The move toward more online and mobile payments continues to stand as a focus for state and local public agencies.
Tyler announced the deal with Anchorage just after the company reported an 8.6 percent year-over-year increase in revenue in the first quarter, to $613.5 million.
Anchorage is Alaska’s largest city and accounts for about 40 percent of the state’s population.
