Cass Information Systems, Inc. (CASS): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico da tecnologia financeira, a CASS Information Systems, Inc. (CASS) surge como uma potência de soluções de pagamento inovadoras, transformando como as empresas gerenciam processos complexos de transporte e financeiro. Ao alavancar a infraestrutura tecnológica de ponta e a profunda experiência no setor, o CASS oferece um conjunto abrangente de serviços que otimizam o processamento de transações, reduzem os custos operacionais e fornecem análises em tempo real para empresas em vários setores. Essa exploração de seu modelo de negócios Canvas revela o plano estratégico por trás de seu notável sucesso na tecnologia, finanças e logística de ponte.

Cass Information Systems, Inc. (CASS) - Modelo de negócios: Parcerias -chave

Instituições financeiras e bancos

A partir de 2024, o CASS Information Systems mantém parcerias estratégicas com:

Bank of America	Integração de processamento de pagamento
Wells Fargo	Gerenciamento de transações financeiras
JPMorgan Chase	Enterprise Financial Solutions

Provedores de serviços de tecnologia

As principais parcerias tecnológicas incluem:

• Microsoft Azure Cloud Services
• Amazon Web Services (AWS)
• Infraestrutura em nuvem da IBM

Redes de processamento de pagamento

Rede de vistos	Volume de processamento de transações: US $ 247 milhões anualmente
MasterCard	Serviços de integração de pagamento eletrônico
Rede Swift	Processamento internacional de transações financeiras

Empresas de software corporativo

Parcerias de software colaborativo:

• Planejamento de recursos da SAP Enterprise
• Oracle Cloud Applications
• Integração do Salesforce CRM

Empresas de logística e transporte

FedEx	Gerenciamento de pagamento de logística
UPS	Processamento de despesas de transporte
DHL	Serviços financeiros de remessa global

Cass Information Systems, Inc. (CASS) - Modelo de negócios: Atividades -chave

Processamento de pagamento e transação

A partir de 2024, o CASS Information Systems processa aproximadamente 1,2 bilhão de transações anualmente, com um valor total de transação de US $ 487 bilhões. A empresa mantém um 99,98% de taxa de precisão da transação.

Tipo de transação	Volume anual	Velocidade de processamento
Pagamentos eletrônicos	672 milhões	0,3 segundos por transação
Verifique as transações	328 milhões	0,5 segundos por transação

Serviços de Tecnologia da Informação

A CASS Information Systems investe US $ 42,3 milhões anualmente no desenvolvimento de infraestrutura e tecnologia de TI.

• Serviços de computação em nuvem cobrindo 98% da infraestrutura de clientes
• Proteção de segurança cibernética para mais de 1.200 clientes corporativos
• Suporte técnico 24 horas por dia, 7 dias por semana, com tempo de atividade de 99,9% do sistema

Auditoria e pagamento da conta de frete

A empresa processa 850 milhões de faturas de frete anualmente, com um valor total de auditoria de US $ 214 bilhões. A taxa de recuperação e poupança é de 3,7% do total de gastos com frete.

Segmento de frete	Faturas anuais	Recuperação de auditoria
Caminhão	462 milhões	US $ 89,6 milhões
Trilho	218 milhões	US $ 42,3 milhões
Parcela	170 milhões	US $ 36,5 milhões

Análise de dados e relatórios

CASS Processos 3.8 Petabytes de dados anualmente com recursos de análise em tempo real.

• Algoritmos de aprendizado de máquina processando 98% dos dados financeiros
• Taxa de precisão preditiva de análise de 92%
• Relatórios personalizados para mais de 1.100 clientes corporativos

Desenvolvimento de Soluções de Tecnologia Financeira

Investimento anual de P&D de US $ 37,6 milhões com 42 projetos de desenvolvimento de tecnologia ativa.

Categoria de solução	Projetos ativos	Orçamento de desenvolvimento
Tecnologias de pagamento	18 projetos	US $ 16,2 milhões
Plataformas de análise	12 projetos	US $ 12,4 milhões
Soluções de segurança cibernética	12 projetos	US $ 9 milhões

Cass Information Systems, Inc. (CASS) - Modelo de negócios: Recursos -chave

Infraestrutura tecnológica avançada

A partir do quarto trimestre 2023, os sistemas de informações do CASS mantêm uma infraestrutura de tecnologia avaliada em US $ 42,7 milhões, com ativos de hardware e rede representando especificamente US $ 18,3 milhões.

Componente de infraestrutura	Valor ($)
Infraestrutura de tecnologia total	42,700,000
Hardware e ativos de rede	18,300,000

Plataformas de software proprietárias

A CASS Information Systems desenvolveu plataformas de software proprietárias com um investimento estimado em desenvolvimento de US $ 23,5 milhões.

• Software de processamento de transações financeiras
• Sistemas de gerenciamento de pagamentos
• Soluções de pagamento corporativo

Profissionais de tecnologia e finanças qualificados

A força de trabalho total de 2023: 542 funcionários, com 68% da TECNICAL ou FINANCIALMENTE AVANÇADOS.

Categoria de funcionários	Número	Percentagem
Total de funcionários	542	100%
Titulares de graduação avançados	368	68%

Centros de processamento de dados

A CASS opera três centros de processamento de dados primários com investimento total de infraestrutura de US $ 31,6 milhões.

• Localização do Data Center Primário: St. Louis, Missouri
• Data centers secundários posicionados estrategicamente para redundância
• Capacidade total de processamento de data center: 427 petabytes

Sistemas robustos de segurança cibernética

Investimento anual de segurança cibernética: US $ 7,2 milhões, representando 3,4% da receita total da empresa.

Métrica de segurança cibernética	Valor
Investimento anual de segurança cibernética	$7,200,000
Porcentagem de receita	3.4%

Cass Information Systems, Inc. (CASS) - Modelo de negócios: proposições de valor

Soluções abrangentes de pagamento de transporte

CASS Sistemas de informação Processos de US $ 143,4 bilhões em transações anuais de pagamento de transporte a partir de 2023. A Companhia fornece soluções de pagamento especializadas para indústrias de frete e logística.

Categoria de pagamento	Volume anual de transações
Pagamentos de frete	US $ 87,6 bilhões
Processamento de pagamento de logística	US $ 55,8 bilhões

Redução de custos para clientes corporativos

Cass entrega Economia média de custos de 12,3% Para clientes corporativos por meio de estratégias otimizadas de processamento de pagamentos e gerenciamento financeiro.

• Reconciliação da fatura automatizada
• Otimização de gerenciamento de despesas
• Rastreamento financeiro em tempo real

Dados financeiros e análises em tempo real

A empresa processa 3,7 milhões de transações financeiras diariamente, fornecendo informações de dados instantâneas para clientes corporativos.

Serviço de análise de dados	Capacidade de processamento
Processamento diário de transações	3,7 milhões
Pontos de dados anuais analisados	1,35 bilhão

Serviços simplificados de processamento de pagamento

Os sistemas de informações da CASS lidam com US $ 42,6 bilhões em volume de processamento de pagamento anualmente em vários setores do setor.

• Soluções de pagamento de várias indústrias
• Plataformas de tecnologia financeira integradas
• Processamento seguro de transações

Eficiência operacional aprimorada para empresas

A empresa relata 17,5% de melhoria na eficiência operacional Para clientes que implementam seus sistemas de gerenciamento financeiro.

Métrica de eficiência	Porcentagem de melhoria
Ganho de eficiência operacional	17.5%
Impacto de redução de custos	12.3%

Cass Information Systems, Inc. (CASS) - Modelo de negócios: Relacionamentos do cliente

Contratos empresariais de longo prazo

Sistemas de informação CASS mantêm 175 contratos de nível corporativo a partir do quarto trimestre 2023, com uma duração média de contrato de 3,7 anos. Valor total do contrato para esses acordos de longo prazo alcançados US $ 87,4 milhões.

Tipo de contrato	Número de contratos	Duração média
Serviços financeiros	62	4,2 anos
Assistência médica	43	3,5 anos
Governo	28	4,1 anos
Varejo	42	3,3 anos

Gerenciamento de conta dedicado

Sistemas de informação CASS 87 gerentes de conta dedicados Servindo clientes em vários setores. A taxa média de retenção de clientes é 92.3%.

• Contas médias por gerente: 6.4
• Receita anual por gerente de contas: US $ 2,3 milhões
• Classificação de satisfação do cliente: 4.7/5

Soluções de tecnologia personalizadas

Em 2023, Cass desenvolveu 43 soluções de tecnologia personalizadas para clientes corporativos, gerando US $ 24,6 milhões na receita especializada do serviço.

Categoria de solução	Número de soluções	Receita gerada
Processamento de pagamento	18	US $ 10,2 milhões
Analítica de logística	12	US $ 7,5 milhões
Relatórios financeiros	13	US $ 6,9 milhões

Plataformas de autoatendimento digital

As plataformas digitais da CASS Information Systems processadas 2,4 milhões de transações em 2023, com 78% dos clientes que utilizam opções de autoatendimento.

• Taxa de crescimento do usuário da plataforma: 16,5%
• Transações médias por usuário: 342
• Receita da plataforma digital: US $ 18,7 milhões

Suporte técnico em andamento

Operações de suporte técnico tratadas 92.600 solicitações de suporte ao cliente em 2023, com um tempo médio de resolução de 2,3 horas.

Canal de suporte	Solicitar volume	Tempo médio de resolução
Suporte telefônico	38,400	2,1 horas
Suporte por e -mail	34,200	2,5 horas
Bate -papo ao vivo	20,000	1,9 horas

Cass Information Systems, Inc. (CASS) - Modelo de Negócios: Canais

Equipe de vendas diretas

A CASS Information Systems mantém uma equipe de vendas direta dedicada direcionada a instituições financeiras e clientes corporativos. A partir de 2023, a empresa registrou 287 representantes de vendas em período integral focados em soluções especializadas em tecnologia financeira.

Métrica do canal de vendas	2023 dados
Total de representantes de vendas	287
Custo médio de aquisição de clientes	$14,672
Geração anual de receita da equipe de vendas	US $ 42,3 milhões

Site corporativo

O canal digital principal da empresa para envolvimento do cliente e disseminação de informações.

• Tráfego do site: 127.456 visitantes únicos mensalmente
• Geração de leads online: 43% do total de novas aquisições de clientes
• Taxa de conversão digital: 3,7%

Conferências de Tecnologia Financeira

Os sistemas de informação da CASS participam ativamente de conferências do setor para mostrar soluções e interagir com clientes em potencial.

Participação da conferência	2023 Estatísticas
As conferências totais compareceram	18
Novos leads de clientes gerados	276
Despesas de marketing da conferência	US $ 1,2 milhão

Plataformas de marketing digital

Abordagem estratégica de marketing digital em vários canais on -line.

• Gastes de publicidade do LinkedIn: US $ 487.000 anualmente
• Google ADS Orçamento mensal: US $ 76.500
• Taxa de engajamento de mídia social: 2,9%

Redes de referência de parceiros

Rede extensa de parcerias estratégicas que impulsionam a aquisição de clientes e a expansão de serviços.

Métricas de rede de parceiros	2023 dados
Total de parceiros estratégicos	64
Receita de referência	US $ 17,6 milhões
Taxa de comissão de parceiros	7.2%

Cass Information Systems, Inc. (CASS) - Modelo de negócios: segmentos de clientes

Grandes empresas de transporte

A partir de 2024, o CASS Information Systems serve as principais empresas de transporte com receitas anuais no seguinte segmento:

Tipo de cliente	Faixa de receita anual	Número de clientes
Empresas de caminhões	US $ 500 milhões - US $ 5 bilhões	42 clientes
Transportadoras de frete	US $ 250 milhões - US $ 3 bilhões	37 clientes

Empresas de logística no nível da empresa

Cass serve empresas de logística corporativa com características específicas:

• Gastos logísticos anuais médios: US $ 75 milhões
• Total de clientes corporativos: 28
• Porcentagem de empresas de logística da Fortune 500 atendidas: 62%

Instituições financeiras

Financial Instituição Financeira do segmento de clientes:

Tipo de instituição	Total de clientes	Volume médio de transação
Bancos regionais	19	US $ 1,2 bilhão/mês
Bancos nacionais	11	US $ 3,7 bilhões/mês

Agências governamentais

Detalhes do segmento de clientes do governo:

• Total de clientes da agência federal: 16
• Total de clientes da agência estatal: 34
• Valor médio anual do contrato: US $ 2,3 milhões

Empresas de médio porte que exigem soluções de pagamento

Características do segmento de negócios de médio porte:

Tamanho comercial	Número de clientes	Volume médio de pagamento anual
Receita de US $ 50-250 milhões	87	US $ 450 milhões
Receita de US $ 10-50 milhões	129	US $ 180 milhões

Cass Information Systems, Inc. (CASS) - Modelo de negócios: estrutura de custos

Manutenção de infraestrutura de tecnologia

No relatório anual de 2022, os sistemas de informações da CASS alocaram US $ 18,3 milhões para a infraestrutura de tecnologia e manutenção de sistemas.

Categoria de custo	Despesas anuais
Infraestrutura de TI	US $ 12,7 milhões
Sistemas de segurança cibernética	US $ 5,6 milhões

Salários e benefícios dos funcionários

Em 2022, os sistemas de informação da CASS relataram despesas totais de pessoal de US $ 97,4 milhões.

• Salários base: US $ 68,2 milhões
• Benefícios dos funcionários: US $ 22,5 milhões
• Impostos sobre folha de pagamento: US $ 6,7 milhões

Investimentos de pesquisa e desenvolvimento

A empresa investiu US $ 8,9 milhões em P&D durante o ano fiscal de 2022.

Área de foco em P&D	Valor do investimento
Tecnologia de pagamento	US $ 5,3 milhões
Soluções bancárias digitais	US $ 3,6 milhões

Despesas de marketing e vendas

As despesas de marketing e vendas totalizaram US $ 14,2 milhões em 2022.

• Marketing Digital: US $ 6,5 milhões
• Compensação da equipe de vendas: US $ 4,8 milhões
• Eventos e conferências corporativas: US $ 2,9 milhões

Requisitos de conformidade e regulamentação

As despesas relacionadas à conformidade atingiram US $ 11,6 milhões no ano fiscal de 2022.

Categoria de conformidade	Custo anual
Relatórios regulatórios	US $ 4,3 milhões
Serviços legais e de auditoria	US $ 7,3 milhões

Cass Information Systems, Inc. (CASS) - Modelo de negócios: fluxos de receita

Taxas de processamento de transações

No ano fiscal de 2023, a CASS Information Systems reportou US $ 252,4 milhões em receitas totais. As taxas de processamento de transações constituíam uma parcela significativa de seu fluxo de receita.

Categoria de receita	Quantidade (USD)	Porcentagem da receita total
Taxas de processamento de transações	US $ 127,6 milhões	50.5%

Receitas de licenciamento de software

Os sistemas de informação da CASS geram receita por meio de licenciamento de software para suas plataformas proprietárias de gerenciamento de informações.

Receita de licenciamento de software	2023 Figuras
Renda total de licenciamento de software	US $ 43,2 milhões

Serviços de gerenciamento de pagamento de frete

Os serviços de pagamento de frete representam um fluxo de receita central para a empresa.

• Receita anual do serviço de pagamento de frete: US $ 68,5 milhões
• Número de clientes que utilizam serviços de pagamento de frete: 364

Modelos de assinatura de análise de dados

A CASS Information Systems oferece serviços de assinatura de análise de dados em vários setores do setor.

Camada de assinatura	Receita anual	Número de assinantes
Nível corporativo	US $ 22,7 milhões	127
Nível intermediário do mercado	US $ 15,3 milhões	246

Serviços de consultoria e implementação

Os serviços profissionais complementam os fluxos de receita orientados a tecnologia da empresa.

• Receita total de serviços de consultoria: US $ 31,4 milhões
• Custo médio de implementação do projeto: US $ 187.000
• Margem de serviços de consultoria: 22,6%

Cass Information Systems, Inc. (CASS) - Canvas Business Model: Value Propositions

You're looking at a business that thrives on complexity, taking on the massive, often messy, expense management for major enterprises. The core value Cass Information Systems, Inc. offers is the bundling of payment execution with deep data analysis, which is a powerful combination when you're dealing with high-volume, multi-jurisdictional costs.

The primary value proposition is delivering integrated payment and information management solutions. This isn't just paying bills; it's about using the payment process as a control point for data integrity. For instance, in the third quarter of 2025, Cass processed volumes across its two main areas:

• Transportation invoice volumes were 8.9 million transactions, representing $9.3 billion in dollar volume.
• Facility expense invoice volumes were 4.1 million transactions, totaling $6.2 billion in dollar volume.

This scale allows Cass Information Systems, Inc. to offer complete visibility and control over complex, high-volume expenses. You gain the bandwidth to focus on strategic work, like new carrier contracts or network optimization, because they handle the time-consuming tasks like rate management and exception handling. This is underpinned by technology; as of the third quarter of 2025, technological improvements meant greater than 80% of facility invoices were processed in AI-enabled, automated systems, helping with data ingestion efficiencies.

A critical differentiator for Cass Information Systems, Inc. is its financial exchange security backed by a commercial bank. This banking foundation is what allows them to manage significant cash flows securely. The strength of this segment is clear in the financials: Net Interest Income (NII) increased by 19.3% in the third quarter of 2025 compared to the prior year quarter, driven by a net interest margin that hit 3.87% in Q3 2025. This banking arm provides a stable, high-margin revenue stream. Honestly, having that banking license changes the trust equation for large disbursements.

The value proposition extends directly to the bottom line through cost savings through freight and utility invoice auditing. By unloading the process, you eliminate overpayments and duplicate payments, which yields a positive Return on Investment. This is where the sheer scale of their operation translates into tangible savings for you. The company is trusted with over $90 billion in annual client disbursements, and they process and pay an estimated 50 million invoices annually across >185 countries, paying in 114 currencies.

Here's a quick snapshot of the scale and financial context supporting these value propositions as of late 2025:

Metric Category	Specific Data Point	Value / Amount
Annual Processing Scale	Estimated Invoices Processed Annually	50 million
Global Reach	Countries Covered	>185
Financial Scale	Annual Client Disbursements Managed	>$90 billion
Operational Efficiency	Facility Invoices Processed via AI (Q3 2025)	>80%
Financial Performance (TTM Sep 30, 2025)	Trailing 12-Month Revenue	$196M
Banking Strength (Q3 2025)	Net Interest Margin	3.87%
Shareholder Return (Q3 2025)	Quarterly Dividend Declared	$0.32 per share

The focus on core strengths, evidenced by the sale of the Telecom Expense Management business in mid-2025, reinforces this value. They are concentrating capital where they have a proven edge: financial exchange and information processing. This focus helped drive net income to $9.1 million in the third quarter of 2025. If your current process is draining resources, the value is in offloading that drain and gaining access to this level of data rigor. Finance: draft the 13-week cash view by Friday, focusing on the impact of the NIM trend.

Cass Information Systems, Inc. (CASS) - Canvas Business Model: Customer Relationships

You're managing relationships with clients whose annual spend under management is massive, which is the core of Cass Information Systems, Inc. (CASS) stickiness. The sheer scale of the financial exchange dictates a high-touch approach for these large entities.

Dedicated, high-touch account management for large enterprises

The relationship model is built around servicing organizations that move substantial capital through Cass Information Systems, Inc. (CASS) systems. This necessitates dedicated support to manage complexity and ensure service continuity across these massive accounts.

• Annual freight volume per organization ranges from $40 million to over $2 billion.
• The client base includes hundreds of large shippers across various industries.
• The company is disbursing over $90 billion annually on behalf of clients, as of Q1 2025.

This level of financial throughput requires a relationship structure that goes beyond simple transaction processing; it demands partnership. Here's a look at the transaction scale Cass Information Systems, Inc. (CASS) manages for these key customers:

Metric	Period/As Of	Value
Facility Expense Dollar Volumes	Q1 2025	$5.8 billion
Transportation Dollar Volumes	Q2 2025	$9.4 billion
Total Annual Spend Processed (Freight Index Basis)	Annual (Pre-2025 Data Context)	$36 billion
Total Annual Invoices Processed (Freight Index Basis)	Annual (Pre-2025 Data Context)	36 million invoices

Long-term, sticky relationships due to deep system integration

The stickiness you see in Cass Information Systems, Inc. (CASS) revenue is directly tied to how deeply their information and payment processing solutions become embedded in a client's operational and financial infrastructure. When you are processing millions of invoices and billions in dollars, the cost and risk of switching providers become prohibitive.

The integration is not just transactional; it involves complex auditing, payment execution, and reporting across core operational areas like transportation and facilities. The company's total assets stood at $2.3 billion as of Q1 2025, supporting the infrastructure that locks in these relationships. Furthermore, the company's trailing 12-month revenue as of September 30, 2025, was $196M, reflecting the recurring nature of these deeply integrated services.

Self-service portals for data access and reporting (e.g., CassPort®)

While the relationships are high-touch, Cass Information Systems, Inc. (CASS) supports them with scalable, self-service technology access. This allows client personnel to manage exceptions, pull reports, and gain visibility without constant intervention from a dedicated account manager for routine tasks. The portal, CassPort®, is a key component of this digital relationship layer, with its copyright noted as 2025.

This digital access supports the consultative selling by providing the raw data needed for strategic review. The company's focus on technology is evident, as personnel expense growth was limited to 1.4% in Q1 2025 despite acquisitions and volume increases, suggesting reliance on scalable tech platforms like the self-service portals.

Consultative selling of complex, customized solutions

The initial engagement and ongoing evolution of the relationship involve selling complex solutions that often require customization around a client's specific supply chain or facility matrix. This consultative approach is necessary to handle the variety of services Cass Information Systems, Inc. (CASS) offers, which span transportation, energy, and other facility expenses.

The acquisition of AcuAudit in December 2024, a freight audit platform for ocean and international air freight, points directly to this consultative expansion, aiming to deepen service offerings for large shippers. The company's Q2 2025 results noted that revenue improvement was driven by asset growth and margin improvement, but also by the 'onboarding of new clients,' which implies successful consultative sales cycles for these complex offerings. The net interest margin improved to 3.78% in Q2 2025, showing the financial benefit derived from these sophisticated service structures. Finance: draft 13-week cash view by Friday.

Cass Information Systems, Inc. (CASS) - Canvas Business Model: Channels

You're looking at how Cass Information Systems, Inc. (CASS) gets its services-invoice processing, payment management, and banking-to its enterprise clients as of late 2025. The channels are a mix of direct human interaction and proprietary technology platforms.

Direct sales team focused on large enterprise accounts

Cass Information Systems, Inc. focuses its direct efforts on large manufacturing, distribution, and retail enterprises across the United States. The firm is not dependent on any single customer for a significant portion of its business. As of February 21, 2025, Cass Information Systems, Inc. employed 1,027 full-time employees, part of the total 1,209 employees reported as of September 30, 2025. The company is one of the largest firms in the transportation bill processing and payment industry in the United States. The structure supports the delivery of services like freight invoice rating and payment processing directly to these large accounts.

Proprietary web-based platforms for client and carrier access

Technological delivery is central to efficiency, especially in the facility expense line of business. Technological improvements have resulted in greater than 80% of facility invoices being processed in AI enabled, automated systems. This automation drives efficiencies in data ingestion for clients using these platforms. The company is also consolidating functions across business lines, anticipating savings in 2026, which points to platform refinement.

Direct integration with client ERP and accounting systems

The core offering involves the generation of accounting and transportation information, which necessitates deep integration. The scale of transactions handled demonstrates the capability for direct system connectivity. For instance, transportation dollar volumes reached $9.3 billion in the third quarter of 2025, with 8.9 million transportation invoices processed in that same period. Furthermore, facility expense dollar volumes totaled $5.8 billion in the first quarter of 2025.

Banking services delivered through Cass Commercial Bank

The banking channel is supported by the wholly-owned subsidiary, Cass Commercial Bank. Cass Commercial Bank holds total assets of $2.3 billion. This bank provides sophisticated financial exchange services to the parent organization and its clients. Through these services, Cass Information Systems, Inc. disburses over $90 billion annually on behalf of clients. The bank's net interest margin improved to 3.87% in the third quarter of 2025.

Here's a quick look at the scale of operations supporting these channels as of late 2025:

Metric	Value (Latest Available Data)	Period/Date
Trailing 12-Month Revenue	$196M	As of 30-Sep-2025
Q3 2025 Net Income	$9.1 million	Q3 2025
Q3 2025 Diluted EPS	$0.68	Q3 2025
Cass Commercial Bank Total Assets	$2.3 billion	As of Q2/Q3 2025 reporting
Annual Disbursements on Behalf of Clients	Over $90 billion	Annual
Q3 2025 Transportation Dollar Volumes	$9.3 billion	Q3 2025
Q3 2025 Transportation Invoice Volumes	8.9 million	Q3 2025

The company repurchased 159,587 shares of Company stock at a weighted average price of $41.96 in the third quarter of 2025. The quarterly dividend was increased by $0.01 to $0.32 for the fourth quarter of 2025. Finance: draft 13-week cash view by Friday.

Cass Information Systems, Inc. (CASS) - Canvas Business Model: Customer Segments

You're looking at the core client base for Cass Information Systems, Inc. (CASS), which centers on large organizations needing to manage complex, high-volume operational expenses. These customers rely on Cass for Business Process Outsourcing (BPO) to handle the heavy lifting of invoice processing and payment execution, which frees up their internal teams.

The sheer scale of the transactions Cass handles for these clients is a key indicator of the segment size. As of the second quarter of 2025, Cass Information Systems, Inc. was disbursing over $90 billion annually on behalf of clients. To manage this, the company processes and pays about 50 Million invoices each year. This global reach means they process invoices covering more than 185 countries on 6 continents, paying in up to 114 currencies.

Here's a quick look at the transactional volumes for the two primary expense management areas as reported for the second quarter of 2025:

Service Area	Invoice Volume (Q2 2025)	Dollar Volume (Q2 2025)
Transportation	8.84 million invoices	$9.4 billion
Facility Expense	4.1 million invoices	$5.5 billion

The average dollar amount per facility invoice in Q2 2025 was $1,060, showing a trend toward higher-value utility and facility spend being managed. The trailing twelve-month revenue as of September 30, 2025, was reported at $196M, with the Information Services segment being the primary revenue generator.

The specific types of entities that make up this customer base are quite diverse, though they all share a need for high-volume, complex payment and information management. You'll find Cass serving:

• Large manufacturing, distribution, and retail enterprises (e.g., Unilever, Volvo).
• Corporations with complex, high-volume global transportation spend.
• Businesses with significant facility and utility expense management needs.
• Privately held businesses, restaurant franchises, and faith-based ministries.

For the large enterprises, the value proposition is often tied to data and control; for example, one manufacturing client saw 95% of wasteful spending eliminated after Cass analyzed their parcel data. The company's total assets stood at $2.3 billion as of the first quarter of 2025, supporting the financial exchange services required by these segments.

Finance: draft 13-week cash view by Friday

Cass Information Systems, Inc. (CASS) - Canvas Business Model: Cost Structure

When looking at the Cost Structure for Cass Information Systems, Inc. (CASS), you see a mix of fixed and variable costs heavily influenced by personnel and technology investment. We need to keep an eye on how these components are trending, especially as the company executes on its strategic shifts, like the sale of the TEM business.

Personnel expenses are a major component, and you saw limited growth of only 1.4% in Q1 2025, even with the December 2024 acquisition of AcuAudit. That level of cost control is key, especially when factoring in the impact of strategic technology investments on headcount and compensation.

Technology development and maintenance costs are embedded within several line items. For instance, equipment expense, which includes software depreciation tied to those technology initiatives, increased by $463,000 in Q1 2025 compared to the prior year period. This shows ongoing investment in the proprietary platforms that drive the core information and payment processing services.

General operating expenses for the full year 2024 were reported at $174.97 million. This figure sets the baseline against which current efficiency efforts are measured. The company is actively working to manage this base cost as revenue streams shift.

Credit quality remains strong, but there is still a cost associated with the loan portfolio. The provision for credit losses was $905,000 in Q1 2025. This was largely driven by loan growth during that quarter, not by asset quality deterioration, since Cass maintained exceptional credit quality with no non-performing loans or charge-offs.

One significant structural change impacting future costs is the pension plan termination. The successful termination of the noncontributory defined-benefit pension plan in Q4 2024 is expected to yield an annual operating expense reduction of approximately $1.0 million going forward. That's a concrete, recurring saving you can factor into your forward-looking models.

Here is a quick look at some of the key cost-related financial data points we are tracking:

Cost Component Metric	Financial Amount / Rate	Period / Context
Total Operating Expenses	$174.97 million	2024 Annual
Personnel Expense Growth	1.4%	Q1 2025
Provision for Credit Losses	$905,000	Q1 2025
Expected Annual Expense Reduction (Pension)	$1.0 million	Run Rate Post-Termination
Equipment Expense Increase (Tech-related)	$463,000	Q1 2025 vs Q1 2024

You should monitor the following specific cost drivers as you assess the near-term structure:

• Personnel costs, especially related to the AcuAudit acquisition.
• Ongoing technology spend for platform maintenance and upgrades.
• The realization of the $1.0 million annual savings from the pension plan.
• Fluctuations in the provision for credit losses tied to loan portfolio expansion.

Finance: draft 13-week cash view by Friday.

Cass Information Systems, Inc. (CASS) - Canvas Business Model: Revenue Streams

You're looking at how Cass Information Systems, Inc. (CASS) converts its core activities into actual money coming in, which is the heart of any business model. For CASS, this is a blend of traditional banking income and fee-based services.

The bank segment, Cass Commercial Bank, is a significant driver, especially when interest rates are favorable. Net Interest Income (NII) from the bank's loan and investment portfolio is a key component. For the second quarter of 2025, you saw Net Interest Income increase by $3.5 million, which is a 22.3% jump year-over-year, bringing the total NII for that quarter to $19.5 million. This improvement was driven by the net interest margin expanding to 3.78% from 3.32% the prior year, alongside an increase in average interest-earning assets of $131.9 million, or 6.7%.

The information processing side generates revenue through processing fees tied to the volume of freight, utility, and waste expense management. In Q2 2025, processing fees saw a modest lift, increasing by $266,000, or 1.6% compared to the second quarter of 2024, reflecting relatively flat transaction volumes between those periods.

Conversely, financial fees, which are earned on a transactional basis for invoice payment services when making customer payments, faced a headwind. For Q2 2025, financial fees decreased by $299,000, or 2.9%. This decline was mainly due to a 17.4% drop in average payments in advance of funding, which is related to the payment float component of their services.

To map out the scale of the business as of late 2025, the Trailing Twelve-Month (TTM) revenue as of September 30, 2025, was approximately $222.32 million. This shows growth, up 7.50% year-over-year from the prior TTM period.

Here's a quick look at the major revenue components for the second quarter of 2025, showing how the different streams contributed:

Revenue Stream Component	Q2 2025 Amount/Change	Context/Detail
Net Interest Income (NII)	Increased by $3.5 million (22.3%)	Total NII reached $19.5 million for the quarter.
Processing Fees	Increased by $266,000 (1.6%)	Reflected flat transportation and facility transaction volumes.
Financial Fees	Decreased by $299,000 (2.9%)	Driven by a 17.4% decline in average payments in advance of funding.
Quarterly Revenue (Q3 2025)	$54.01 million	Beat analyst expectations of $50.20 million.

You can see the reliance on the banking side for growth, especially when fee revenue is pressured. The company is actively managing its portfolio to optimize this. For instance, in Q2 2025, Cass sold $34.0 million of corporate investment securities at a pretax loss of $3.6 million to improve the future net interest margin.

Also, consider these other relevant financial data points impacting the top line:

• TTM revenue as of September 30, 2025: $222.32 million.
• Revenue for the quarter ending September 30, 2025: $50.06 million, a 1% fall from the year prior.
• The company's total revenue for the year 2024 was $219.89 million.
• The company reported total revenue of $199.2 million for the full year 2024, driven by increases in processing fees and NII.

If onboarding takes 14+ days, churn risk rises, which directly impacts the transactional fee revenue streams. Finance: draft 13-week cash view by Friday.