Arvest Bank Selects Asentinel for Telecom Expense Management

MEMPHIS, Tennessee, January 31, 2005 - Arvest Bank, a high-growth company with more than 200 branches and 250 ATM locations in 90 communities across Arkansas, Oklahoma and southern Missouri, has selected Asentinel's patent-pending software for telecom expense management, David C. Perdue, Asentinel CEO, announced today.

Arvest Bank, a data-centric and tech savvy company with a culture of using automation to improve processes, needed a telecom expense management system that eliminated the telecom and infrastructure problems that can come with growth and integration.

"Arvest Bank is a classic case of using the Asentinel technology to free-up smart people for doing more smart things," said Perdue. "Before Asentinel was installed, the bank had several people that sifted through telecom invoices and found it difficult to get a handle on inventory and cost control. Now, the Asentinel software takes care of the tedious tasks and allows Arvest's employees to use their brainpower for more thought-consuming projects."

In the dynamic, acquisition-heavy financial industry, Asentinel's real time capabilities and ability to track allocations of expenses down to the penny have proven successful for financial institutions such as Independence Bank of New York, M & T Bank, Compass Bank and Morgan Keegan.

"With Asentinel's TEM solution, which featured a customer hosted option that we desired to keep control of our own telecom issues, we believe we have found an application to meet current needs and that will scale easily as we grow," said Kendall Gibbons, Vice President of Network Services with Arvest Bank.

Asentinel offers a comprehensive telecom expense management software package that integrates with the client's existing system. Written in Java, the software automates the process of telecom invoice management in real time, analyzing every invoice against vendor contracts, hidden costs, active inventory, and flagging every exception. Since these errors often recur each month and can go back for years, getting an expedient return on investment from Asentinel is not difficult. In the long-term, clients' ongoing telecom expenses also decline while internal processing time is greatly reduced.

Asentinel's Web-based software has more than 40 cumulative years of development behind it. After nearly tripling its sales in 2004, Asentinel expects equal or better increases in 2005 as it grows its list of Fortune 1000 companies and government entities that realize the power of automated telecom expense management. For more information, visit Asentinel at www.asentinel.com.