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About Cass
$27 Billion in Invoice Management Outsourced to Cass
Cass Information Systems is the leading provider of transportation, utility and telecom expense management and related business intelligence services, disbursing $27 billion annually on behalf of its clients. With total assets approaching $1 billion, Cass is a thriving business process outsourcer focused on invoice processing, auditing and payment services. Cass is uniquely supported by Cass Commercial Bank, founded in 1906. Today, Cass Commercial Bank is a wholly owned subsidiary, providing sophisticated financial exchange services to the parent organization and its clients.
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Business Process Expertise in “Complex Payables”
Cass possesses business process expertise surrounding complex payables processing. Complex payables are characterized by invoices with
- High complexity – due to transaction volume, complex rate structures and /or specialized fees/services
- High tendency for errors – both large-dollar errors as well as repetitive, small-dollar mistakes that if not corrected, drive up costs substantially
- High content value – when raw data assets are effectively converted to business intelligence
Processing complex payables requires specialized tools and processes. Even after organizations have implemented best-in-class solutions for accounts payable automation, they turn to Cass to meet their requirements for processing complex payables such as those for freight, parcel, utilities and telecom expenses.
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Solid Financials Reported Publicly
One of Cass’ primary objectives is to maintain a strong capital base to warrant the confidence of customers, shareholders, and bank regulatory agencies. Its subsidiary, Cass Commercial Bank, has avoided participation in sub-prime mortgage lending, mortgage-backed securities and residential development, which has helped Cass remain financially strong despite today’s economic downturn.
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Cass (NASDAQ: CASS) is a publicly held bank holding company, and therefore, is subject to regulation and examination by the SEC, NASDAQ, the Federal Reserve Bank (“FRB”) and the Missouri Division of Finance relating to accounting standards and controls, disclosure requirements, corporate governance, safety and soundness.
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Recognized for Excellence
Cass was recognized by Forbes Magazine for its performance in return on equity and growth in both sales and net profits, by being named to Forbes “200 Best Small Companies” list in 2006 and again in 2008. Cass was one of only 27 companies to be honored with a 2008 Supplier Excellence Award by AT&T Inc.
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