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ASENTINEL RECEIVES COMPREHENSIVE PATENT FOR TELECOM EXPENSE MANAGEMENTMEMPHIS, Tennessee (March 13, 2008) – Asentinel (News - Alert) announced today that it has received a United States patent covering core elements of its groundbreaking telecom expense management (TEM) software, Asentinel 5.0. The patent (U.S. Patent No. 7,340,422), entitled Systems and Methods for Processing and Managing Telecommunications Invoices, has 56 claims covering a broad range of TEM functionality, including importing invoices in such a way that allows for efficient and consistent processing when invoices are received from multiple vendors. “We are delighted to receive this patent that recognizes the innovative features that Asentinel introduced to the marketplace,” said David Perdue, Asentinel CEO. “We have long highlighted that when we introduced our Asentinel TEM software, we were the first to develop truly innovative solutions to address the challenging task of processing telecom invoices. This patent, granted from an application filed in 2003, serves as a testament to this view, and recognizes our industry leadership.” Ralph Rodriguez, senior VP of Technology Research at Aberdeen (News - Alert) Group, agrees. "Asentinel's recent award of a US Patent further validates that their technology platform is unique and leading-edge in the TEM market,” said Rodriguez. "The patent covers the lifecycle of TEM including identifying billing exceptions, cost allocation, and processing telecommunications invoices. This ensures customers can maximize their savings and lower the costs of processing invoices.” Rodriguez continues, “Asentinel’s capability extends beyond existing EDI or XML  standards to ensure an improved way to communicate and give feedback to the vendor regarding billing exceptions received. This holistic approach to the invoice value chain of multiple vendors, disparate nomenclatures and billing systems enables specialized reports. These include audit, summary and customizable reports that will provide valuable feedback on the transactions that are processed through the entire system. This will enable customers to trend invoices and to further optimize overall spending."Asentinel continues to strive for innovation in the field, with plans to continue to build upon its reputation in the industry. “This patent adds to a series of recent successes for Asentinel,” commented Jason Fisher, chief software architect. “Asentinel continues to lead the market with cutting-edge innovations and a growing international customer base.” He noted that in addition to receiving this patent, the company has gained recent attention by entering into several strategic agreements with software providers and business process outsourcers, including CA (News - Alert) (Computer Associates), one of the world’s largest IT management software providers. “Asentinel is on a roll,”said Fisher. “We have further patent applications pending both domestically and internationally that will only further solidify our market leading position.” “From day one, our mission has been to provide the world’s best telecom expense management software,” said Perdue. “Through the years, we have continued to innovate, listen to our customers, and stay on top of this dynamic industry. Our ability to remain flexible and relevant has allowed us to successfully build upon the foundation we laid in the beginning.” About Asentinel 5.0 Asentinel’s patented TEM software Asentinel 5.0 features industry-leading reporting and business intelligence capabilities, as well a Java-based EDI translator written by Asentinel software engineers. In addition, Asentinel 5.0's optimized code means the software has minimal customer database and hardware requirements. The software uses cutting edge AJAX (Asynchronous JavaScript and XML) technology to power its business intelligence engine. The improved business intelligence leads to enhanced and streamlined reporting. Asentinel 5.0 has saved its customers millions of dollars since its inception in 2002. For more information, please visit http://www.asentinel.com. About Asentinel Founded in 2002, Asentinel is the result of collaboration between David Perdue and Jason Fisher. Since its inception, the company has continued to innovate and grow to best meet the needs of its customers and the industry. Asentinel continues to expand its list of Fortune 1000 companies and government entities that realize the power of telecom expense management. For more information, please visit http://www.asentinel.com/. |