New York City-Headquartered Financial Institution Selects Asentinel for Telecom Expense Management

MEMPHIS, Tennessee, March 22, 2005 - An established financial institution with branches throughout the world's largest financial market has selected Asentinel's patent-pending software for telecom expense management, David C. Perdue, Asentinel CEO, announced today.

"After looking at other TEM solutions, this institution found that only Asentinel's real-time automation provided everything it needed," said Perdue. "The allocation of expenses to branches is essential in this industry, and they needed the expertise that Asentinel provides to gain complete control and visibility over the process."

With Asentinel, the bank will have a centralized enterprise solution for TEM, bringing together cost management at all locations and reports for all of its voice, data, wireless and telecom equipment systems.

Prior to Asentinel, the bank's employees were often bogged down with telecom cost control and allocation issues, with it taking a disproportionate amount of everyone's time. Asentinel helped employees become free of the mundane tasks and concentrate on more thought-engaging and productive projects.

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.

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 Arvest Bank, M & T Bank, Compass Bank and Morgan Keegan.

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.