Cass Information Systems Expands Offerings with AcuAudit
Cass Information Systems, Inc. (NASDAQ: CASS), a leading global provider in freight audit and payment solutions, has recently acquired AcuAudit from Acuitive Solutions LLC. This strategic acquisition marks a significant enhancement to Cass's services aimed at global shippers, especially in the realm of ocean and international air freight.
The Power of AcuAudit
AcuAudit is recognized for its sophisticated audit and accounting automation capabilities, which have made it a popular choice among global shippers. The platform's ability to deliver a fast and precise understanding of landed costs at the product level is crucial for businesses that require accurate financial insights into their shipping operations.
Enhancing Freight Audit Solutions
Tony Urban, the president of Cass’s freight audit and payment division, expressed enthusiasm about the acquisition, stating that Cass now offers an unparalleled freight audit and payment offering across all modes of transportation. Cass prides itself on being the sole global provider for large shippers dealing with complex transportation needs, which is expected to enhance the efficiency of their freight audits further.
Continued Client Commitment
Urban emphasized Cass’s commitment to its new clients from AcuAudit, assuring them that they will continue to receive extraordinary services. He highlighted the intention to extend payment options alongside enhanced audit capabilities for all shipping modes, ensuring that AcuAudit’s current clients maintain the high standard of service they expect.
Leadership and Future Directions
Phil Marlowe, president and co-founder of Acuitive, will join Cass to provide strategic and industry-specific insight. Marlowe has conveyed his excitement about AcuAudit becoming part of Cass, noting that this transition aligns with his long-term vision for the company. He believes that both the AcuAudit team and their customers are poised to benefit from the integration with Cass, leveraging its robust financial capabilities and global reach.
About Cass Information Systems
Cass Information Systems offers a comprehensive suite of integrated information and payment management solutions that empower enterprises to gain visibility and control over their supply chains. The company manages the disbursement of over $90 billion annually, supported by Cass Commercial Bank, which provides sophisticated financial exchange services. Founded in 1906, Cass has been recognized as one of America’s top midsize companies and is a part of the Russell 2000 index.
About Acuitive Solutions
Acuitive Solutions, based in Chattanooga, TN, focuses on providing cloud-based, multi-modal digital routing guide solutions. Their services primarily help mid-sized and large companies manage freight costs effectively by automating processes that traditional ERP/WMS/TMS systems may overlook. This allows clients to mitigate unmanaged freight spending while enhancing operational efficiencies.
Frequently Asked Questions
What does the acquisition of AcuAudit mean for Cass?
The acquisition enhances Cass's service offerings, allowing for more comprehensive freight audit and payment solutions for global shippers.
Who will lead Acuitive Solutions after the acquisition?
Phil Marlowe, the co-founder of Acuitive, will continue to lead the company and support Cass with strategic insights.
What are the benefits of using AcuAudit?
AcuAudit provides advanced audit and automation capabilities, enabling shippers to accurately assess landed costs quickly.
How has Cass been recognized in the industry?
Cass has been named one of America’s best midsize companies and is part of the Russell 2000 index.
What type of solutions does Acuitive provide?
Acuitive Solutions offers software for managing air freight and small package shipping programs, focusing on cost control and process automation.