Cass Strengthens Its Global Reach with Acquisition of Freight Audit Platform
Cass Information Systems has made a strategic move to enhance its standing as a leader in freight audit and payment solutions by acquiring the cutting-edge freight audit platform developed by Acuitive Solutions. This acquisition promises to solidify Cass's position as a global authority in managing complex transportation operations.
A Powerful Integration: The AcuAudit Platform
Acuitive Solutions, based in Chattanooga, Tennessee, offers a pioneering supply chain software known as the AcuAudit platform. This fully automated system ensures accuracy in freight billing by meticulously validating and rerating invoices for ocean, air, and drayage shipments. By integrating this technology, Cass aims to provide their clients with unparalleled efficiency and precision in freight payment processes.
“Today, with a best-in-class solution for every mode as well as full global coverage, Cass offers the most robust freight audit and payment offering worldwide,” stated Tony Urban, the president of Cass’s freight audit and payment group. He emphasizes that Cass remains the sole global provider equipped to handle the demands of large shippers with intricate transportation needs.
Phil Marlowe to Continue Leading Acuitive Solutions
Phil Marlowe, president and co-founder of Acuitive Solutions, will continue to steer the company while it focuses on shipment routing and multicarrier parcel solutions. Expressing enthusiasm about the acquisition, Marlowe shared, “I am excited for AcuAudit to become a part of Cass as I’ve always wanted our vision to endure and thrive beyond me.”
Marlowe will also lend his strategic expertise to Cass, ensuring a seamless integration of the platform into Cass’s existing operations.
Cass: A Titan in Payments and Audits
Located in St. Louis, Cass is renowned for its commanding presence in the payments and audit industry. It processes an impressive $90 billion in annual payments, including transportation payables totaling nearly $40 billion.
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