New York-Based World Leader In Insurance Industry Selects Asentinel For Telecom Expense Management

Large Enterprises Continue To See Value of
Bringing TEM In-house

MEMPHIS, Tennessee, July 25, 2006 - One of the world's leading providers of risk transfer, risk finance and asset management services has selected Asentinel's patent-pending software for telecom expense management (TEM), David C. Perdue, Asentinel CEO, announced today.

The company previously outsourced TEM, but has chosen to use the Asentinel application to bring the TEM functionality in-house. The decision follows a trend found among many large enterprises that have experienced outsourcing that does not fulfill many critical business requirements, such as flexibility in reporting and integration with financial management.

"Large companies are becoming increasingly frustrated with outsourcing," said Perdue. "They are realizing that outsourcing takes away the knowledge, control and flexibility needed to accurately manage and forecast for TEM. Bringing TEM in-house allows a company to use its internal expertise to gain control of telecom, saving both time and money."

One company that moved away from outsourcing and realized the power of an in-house solution is Regions Bank. After Regions merged with Union Planters in 2004, the Asentinel software saved the combined entities millions of dollars including a significantly improved knowledge base and increased visibility and accountability within the organization.

"Our biggest concern with outsourcing companies is that you lose telecom expertise," said David Aldridge, Union Planters Sr. VP & CTO. "They'll tell you what they've found, but you really don't know what you're missing. The knowledge is the real power. Because we have the expertise, the process, and the software, we have ultimate control and visibility."

Asentinel's software product allows large companies, such as the New York-based insurance leader, to achieve the hands-on control that TEM requires. Large companies often have to manage growth, industry changes and evolving business needs. Asentinel keeps TEM organized through these transitions while optimizing networks, allocating costs and forecasting future expenditures.

Written in Java, the comprehensive Asentinel software package automates telecommunications business processes while optimizing performance and visibility - both of which are essential for forecasting and budgeting. Asentinel's highly scalable software package is flexible enough to grow with organizations of all sizes and fits into an enterprise's long-term monitoring, optimization and billing architecture. Asentinel handles the end-to-end TEM process; from receiving the service order through activation, invoicing, and inventory management. Asentinel's configurable workflow provides for review, cost allocation and approval of all invoices. In the long-term, clients' ongoing telecom expenses decline while internal processing time is also greatly reduced.

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.