Davis + Henderson announces partnership with tax solution provider, Vertex(R) Inc.



    TORONTO, Aug. 17 /CNW/ - Davis + Henderson, a leading solutions provider
to the financial services industry and, through its Filogix division a
provider of credit solutions for the retail lending, small business,
commercial lending, equipment finance, mortgage and real estate industries,
announced today its alliance with Vertex Inc., an industry leader in corporate
enterprise tax solutions. The result of this collaboration will be an
interface that integrates Davis + Henderson's Cyence credit lifecycle
management solution with Vertex(R) Lease Tax O Series(R).
    "We are pleased to forge an alliance with Davis + Henderson to develop
this solution," said Doug Cohen, Account Executive for Strategic Alliances,
Vertex Inc. "Working with a leader like Davis + Henderson has afforded us the
opportunity to establish a mutually beneficial relationship that will provide
a solid solution for our current and future shared customers."
    Integration of Davis + Henderson's Cyence solution for credit lifecycle
management with the Vertex Lease Tax O Series is a big plus for Davis +
Henderson's Equipment Finance clients, as it eliminates the manual research
necessary to be tax compliant. Tax calculations are consistently accurate,
saving the client's time, money and resources. Productivity will increase as a
result and the audit process will become smooth and seamless.
    "Having a long list of satisfied clients, taxation expertise and global
aspirations, made Vertex the perfect fit for this initiative," said Greg
McIntosh, Davis + Henderson's EVP, Credit Solutions. "We needed a partner that
had a similar focus in terms of placing client satisfaction at the top of
their priority list, expertise in not just taxation but in leasing as well,
and the ability to grow with us. Vertex was the obvious choice."
    Davis + Henderson's Filogix division is currently in the process of
implementing this solution for Key Equipment Finance, one of the largest bank
held equipment finance companies in the United States. Key Equipment Finance
will be the first of many Filogix Equipment Finance clients to take advantage
of the solution.

    About Davis + Henderson:

    Davis + Henderson uses its market-leading capabilities to meet the
evolving needs of the financial services industry in Canada, the United
States, and abroad. Founded in 1875, the company today provides innovative
programs to customers who offer chequing and credit card accounts, and a
comprehensive array of technology-based solutions to support our customers'
credit lifecycle management services.
    Davis + Henderson's Filogix division is a leading provider of lending
solutions to clients in the United States and Canada and Filogix technologies
are used by industry leaders in retail lending, small business, commercial
lending, equipment finance, mortgage and real estate.
    Davis + Henderson Income Fund is listed on the Toronto Stock Exchange
under the symbol DHF.UN.
    For more information about Davis + Henderson, visit www.dhltd.com.
Information on Davis + Henderson's Filogix suite of products can be found at
www.filogix.com.

    About Vertex Inc.:

    With more than 30 years of experience, Vertex Inc. is the leading
provider of enterprise corporate tax solutions and process management services
worldwide.
    Vertex solutions help companies streamline and integrate tax provision
and compliance processes, and leverage information to discover new strategic
tax savings across every major line of business tax, including income, sales,
consumer use, value added, communications, and payroll. To serve its
customers, Vertex works in partnership with the world's leading providers of
ERP software and related services.
    Founded in 1978, Vertex is a privately held company that employs more
than 600 professionals at its headquarters in the U.S. (Berwyn, PA) and its
offices in Europe (London), Atlanta, Chicago, Dallas, Phoenix, San Francisco,
Sarasota, and Washington, DC.
    For more information about Vertex, visit www.vertexinc.com.

    About Key Equipment Finance

    Key Equipment Finance is an affiliate of KeyCorp (NYSE:   KEY) and provides
business-to-business equipment financing solutions to businesses of many types
and sizes. The company focuses on four distinct markets:
    
    -   businesses of all sizes in the U.S. (from small business to large
        corporate);
    -   equipment manufacturers, distributors and value-added resellers
        worldwide;
    -   federal, provincial, state and local governments as well as other
        public sector organizations; and
    -   lease advisory services for larger structured equipment needs
        including single investor and leveraged leases, securitizations, and
        structured debt.
    

    Headquartered outside Boulder, Colorado, Key Equipment Finance manages a
$13.5 billion equipment portfolio with annual originations of approximately
$5.0 billion. The company has major management and operations bases in Albany,
New York; London, England; Hong Kong, China and Sydney, Australia. The
company, which supports clients in over 40 countries, employs 800 people
worldwide and has been in the equipment financing business for over 35 years.
Additional information regarding Key Equipment Finance, its products and
services can be obtained online at http://www.KEFonline.com.

    Cleveland-based KeyCorp (NYSE:   KEY) is one of the nation's largest
bank-based financial services companies, with assets of approximately $98
billion. BusinessWeek Magazine named Key the top bank in its Customer Service
Champ 2009 edition, ranking Key 11th out of the top-25 companies that include
many known for their customer service acumen. Key companies provide investment
management, retail and commercial banking, consumer finance, and investment
banking products and services to individuals and companies throughout the
United States and, for certain businesses, internationally. For more
information, visit https://www.key.com/.




For further information:

For further information: Greg McIntosh, EVP, Credit Solutions of Davis +
Henderson, Limited Partnership, (416) 360-1777; Brigitte M. Geiss, Public
Relations Specialist of Vertex Inc., (484) 595-6142,
brigitte.geiss@vertexinc.com; Patricia Akins, VP, Corporate Development of Key
Equipment Finance, (720) 304-1300, patricia.a.akins@key.com

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FILOGIX LIMITED PARTNERSHIP

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