One of the Nation's Largest Financial Holding Companies Selects Asentinel for Telecom Expense Management

Asentinel Now Handles TEM for Several of Country's Top Banks

Memphis, Tennessee, May 31, 2007 - One of the United State's largest banks, with thousands of nationwide branches, has selected Asentinel's patent-pending software, Asentinel 5.0, for telecom expense management. Asentinel, a global telecom expense management (TEM) and total telecom cost management (TTCM) leader, now counts among its customers, two of the top 10 financial institutions in the country, and an extensive list of regional and community-based banks.

Asentinel has gained a reputation among financial institutions for providing a dynamic tool for resolving telecom infrastructure and regulatory compliance issues that come with growth and integration. The software's capability to transform a time-intensive process into an enterprise-wide automated solution has proven successful for financial institutions nationwide, as well as other global enterprises and government entities.

"Asentinel and its software, Asentinel 5.0, speak to the specific needs of financial institutions," said David C. Perdue, Asentinel CEO. "The software allows institutions to gain internal control and visibility of telecom assets across all carriers, and track allocation of expenses across the entire organization."

The newest addition to the Asentinel customer list will take advantage of Asentinel 5.0's enhanced reporting and business intelligence capabilities, and its ability to keep the company connected in real-time to TEM expenses, budgets, vendors, contracts, provisioning and forecasts. All of the reports generated with Asentinel's software can be named, saved, viewed, scheduled, converted to a PDF or auto-distributed among the different facets of the company. Asentinel 5.0 will combine the company's telecom inventory, contracts and invoices in one centralized repository and automate the auditing and allocation of these expenses.

"One of the attractive features of Asentinel 5.0 software for financial institutions is its scalability," said Perdue. "The software is highly configurable, allowing financial institutions flexibility when it comes to working with business rules and organization-specific reporting needs, while keeping financial industry standards as part of the core program."

Asentinel's Web-based software has more than 50 cumulative years of development behind it. Asentinel continues to grow 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.