Arvest Bank Selects Asentinel for Telecom Expense Management.MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn. -- Arvest Bank Arvest Bank is a bank and brokerage with branches in Arkansas, Kansas, Oklahoma, and Missouri. Beginning with Benton County's first automatic teller machine (ATM) in 1976 and the launch of an Internet banking web site in 1998, Arvest Bank has been modernizing its services. , 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 Perdue may refer to:
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 brain·pow·er n. 1. Intellectual capacity. 2. People of well-developed mental abilities: a country that doesn't value its brainpower. Noun 1. 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 The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , M & T Bank, Compass Bank, Regions Bank, and Morgan Keegan. "With Asentinel's TEM TEM 1. transmission electron microscope. 2. triethylenemelamine. 3. transmissible encephalopathy of mink. 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 Famous people named Gibbons include:
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. |
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