Cass Information Systems
Procurement partnerAbout
Cass Information Systems is a global provider of integrated payment and information management solutions that helps large enterprises manage and control complex recurring expenses across transportation, facilities, and utilities. The company processes and pays 51 million invoices per year covering 185 countries, disbursing over $94 billion annually on behalf of clients. Through its wholly owned subsidiary Cass Commercial Bank, Cass provides secure, regulated payment infrastructure supporting fre...
Details
VenSearch Intelligence
Ideal Customer
- Cass's ideal customer is a large enterprise with high volumes of complex, recurring invoices across freight, utility, waste, or other facility-related expense categories — typically Fortune 500 or major multinational corporations with distributed operations, significant transportation spend, and a need for tighter cost control and visibility.
- Named clients include Michelin, Schneider Electric, The Hershey Company, DuPont, and multiple Fortune 500 companies, indicating a clear enterprise and upper-market positioning with clients whose annual freight volume ranges from $40 million to over $2 billion.
Key Differentiators
- Cass's most distinctive differentiator is its dual structure as both a payment and information processor and a regulated commercial bank (Cass Commercial Bank), allowing it to manage over $94 billion in annual client disbursements with bank-grade security, Federal Reserve oversight, and the ability to generate net interest income from payment float — a capability no pure-play SaaS or fintech competitor can replicate.
- The company is also the nation's largest payer of freight bills, and publishes the widely cited Cass Freight Index (with over 11,000 subscribers), Cass Truckload Linehaul Index, and Cass Intermodal Price Index — proprietary data assets that serve as recognized economic indicators and drive unique benchmarking value for clients.
Industries Served
- Cass Information Systems primarily serves large manufacturing, distribution, and retail enterprises, with its freight audit and payment, utility invoice management, and waste expense services widely used across these verticals.
- Its client base as reflected in the Cass Freight Index spans consumer packaged goods, food, automotive, chemical, medical and pharmaceutical, OEM, retail, and heavy equipment industries, with annual freight spend per client ranging from $40 million to over $2 billion.
Service Coverage
- Cass Information Systems operates globally, processing invoices covering 185 countries across 6 continents and capable of making payments in 114 currencies through its global electronic payment network.
- Its primary operational base is the United States, with international offices including a European hub in Breda, Netherlands (opened in 2011), and a presence across North America, Europe, the UK, Brazil, and Singapore.
Partnerships
- Cass has formed a strategic channel and integration partnership with FreightWaves SONAR, making Cass the exclusive freight audit and payment partner for the SONAR Supply Chain Intelligence (SCI) tool, with SSO integration launched in 2025 allowing seamless data access for mutual clients.
- In November 2024, Cass formed a strategic partnership with Lupeon, Brazil's leading freight audit provider, to deliver in-region freight audit solutions for its global client base.
Company Size & Ownership
- Cass Information Systems was founded in 1906 in St. Louis, Missouri, originally as a neighborhood bank, and has grown over more than a century into a specialized payment and information management company.
- As of the most recent data, the company has approximately 1,000–1,250 employees globally, with PitchBook reporting 1,016 employees and Datanyze reporting 1,248, and annual revenue of approximately $181–$220 million (FY 2025 revenue reported at ~$181.6M per SEC filings, with a trailing twelve-month figure near $189M as of mid-2026).
Compliance & Certifications
- Cass Information Systems explicitly references SSAE 18 Type II operational audit reports as a key compliance credential, which is the successor standard to SSAE 16 for SOC 1 reporting on internal controls over financial reporting — a natural fit given its role as a financial payment processor.
- As a regulated financial holding company, Cass Commercial Bank is overseen by the U.S. Federal Reserve and, for its European operations, by the Dutch Central Bank, subjecting it to rigorous banking-grade security, capital adequacy, and examination standards that non-bank competitors cannot claim.
Compiled from public sources by VenSearch · Last researched October 14, 2026
Offerings
11 offeringsCarriers and Logistics Providers
Cass offers a solution specifically for carriers and logistics providers to simplify transactions, gain full visibility, and foster shipper collaboration. The service leverages technology to reduce friction, enable early payment, and drive growth for logistics companies.
Cass Commercial Bank
Cass Commercial Bank is a wholly owned banking subsidiary that provides the financial infrastructure for all supplier payments made on behalf of Cass clients, offering unparalleled payment security as a regulated entity overseen by the U.S. Federal Reserve. The bank enables a global electronic payment network capable of making payments in local currency across the world from a single master currency. It also independently serves the St. Louis business community, faith-based organizations, and McDonald's franchisees.
CassPay Government Payables
CassPay is a payment solution introduced in 2016 designed for B2B networks, allowing them to easily pay, track, and reconcile payments of all types for their client base. The solution is listed as a distinct offering for government payables and fintech integrations. It is powered by Cass Commercial Bank's payment infrastructure.
CassPort
CassPort is a client portal platform offered by Cass Information Systems, listed as a distinct login portal for clients. It is referenced alongside ExpenseSmart and Ratemaker as a separately branded client-facing solution.
ExpenseSmart
ExpenseSmart is a client portal product offered by Cass Information Systems, listed as a distinct platform accessible to clients. It is referenced alongside CassPort and Ratemaker as a separately branded client-facing solution.
Freight Audit & Payment
Cass provides full transportation invoice management including validation, audit, accrual, processing, and payment. The service centralizes data and automation to ensure precise auditing and carrier optimization for high-volume logistics and freight expenses. In January 2025, Cass expanded this offering by acquiring AcuAudit, a premier freight audit platform for ocean and international air freight.
Freight Claims
Freight Claims is a client portal offering listed by Cass Information Systems as a distinct platform accessible to clients. It is referenced alongside CassPort, Ratemaker, and ExpenseSmart in the client portals section of the site.
Maintenance, Repairs, and Operations
Cass simplifies MRO management and cuts excess costs through enhanced visibility and automated workflows. The service provides end-to-end processing of MRO-related invoices and payments to reduce complexity and overhead for enterprise clients.
Ratemaker
Ratemaker is a client-facing platform offered by Cass Information Systems, listed as a distinct portal product. It is referenced alongside CassPort and ExpenseSmart as a separately branded solution available to clients.
Utility Bill Management
Cass audits complex utility bills to ensure timely payments and provide actionable data on consumption. The service combines faster, more accurate utility bill processing with business intelligence to help large energy users manage their utility expenses. It delivers end-to-end invoice processing from receipt through payment with audit and standardized transactions.
Waste Invoice Management
Cass eliminates billing inconsistencies and provides clear visibility into waste and recycling contracts to unlock cost savings. The service helps clients manage waste and recycling expense as a facility-related cost category. It originated from the 2012 acquisition of Waste Reduction Consultants, Inc.
Considering Cass Information Systems?
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