Central Tax® signs a Commercial Agreement with Telus Solutions Électroniques de
traitements hypothécaires/Emergis Inc.
Montreal, Quebec – July 3, 2008
– Central Tax® Inc., a company offering electronic
solutions to financial institutions and operating in the field of property tax management,
announced today the signing of a long term commercial agreement with Emergis Inc.,
a TELUS company, for the integration of their respective platforms. This five-year
agreement will now enable users of Emergis’ Assyst Real Estate electronic
mortgage processing solution to electronically receive statements, thereby allowing
for the processing of property tax information for mortgaged properties more efficiently.
The agreement will also enable Central Tax to offer its tax management services
to financial institutions in an integrated manner.
“We are proud to be associated with Emergis, a TELUS company, in a manner
which highlights the value of Central Taxes’ solution. We believe that the
combination of Central Taxes’ services with the reliability and scope of Assyst
Real Estate will translate into a service offering that is broader and of even greater
quality for Emergis’ clients” said Mr. Denis Savard, President and Chief
Executive Officer of Central Tax. “The integration of our respective platforms
will allow Central Tax to offer automated property tax management to financial institutions.
This will eliminate the manual processing of reserves for the payment of taxes,
will reduce the risk of clerical error and will increase the efficiency of their
internal processes.”
The Emergis Assyst Real Estate solution is a bilingual, web-based application that
links legal professionals and lenders electronically to facilitate instructing,
registering, reporting and completing mortgage loans. Assyst Real Estate speeds
up the processing of mortgage transactions, reduces paperwork, cuts costs and lowers
the risk of clerical error.
“This agreement with Central Tax will enhance Assyst Real Estate’s value
for the legal community. By now enabling legal professionals to obtain property
and school tax information electronically, Assyst Real Estate will add efficiency
to the processing of mortgage transactions” declared Mr. Keith Nugara, Senior
Vice-President, Financial Services at Emergis.
Central Taxes’ solution will be offered to users of Assyst Real Estate in
Quebec and in other Canadian provinces where Assyst Real Estate is presently available.
About Central Tax®
Founded in 2002, Central Tax ® (centraltax.com) is a specialized industry
outsourcer and intermediary active in the property and school tax sector. Through
a dynamic, fully secured, single window service facility designed to accommodate
all manner of tax reserve management transactions, Central Tax ® electronically
centralizes and harmonizes the multifaceted tax transaction process, thereby enabling
mortgage lenders, municipalities, school boards and taxpayers to interact with one
another.
For more information, visit www.centraltax.com/corpo.
Central Tax Inc.:
Denis Savard
President and Chief Executive Officer
(877) 585-8293
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