Forbes Names Cass Information Systems Among the Best Performing Small Companies
For the third time in four years, Cass Information Systems, Inc.
(NASDAQ: CASS) was named to Forbes Magazine’s list of the “Best
200 Small Companies.” Ranked 124 in the 2009 list, Cass’ previous
rankings were 104 in 2008 and 170 in 2006.
Staying power distinguishes Cass from the 71 companies on last year's
list whose subsequent performance eliminated them from the 2009 rankings.
According to Forbes, “Rankings are based on earnings growth,
sales growth and return on equity in the past 12 months and over five
years. We also compared the stock performance of each company with that
of its peers.” To be eligible, companies must be publicly traded and
produce annual revenue between $5 million and $750 million.
Cass serves Fortune 1,000 organizations with outsourced expense
management solutions for “complex payables” such as invoices for
utilities, telecom and logistical expenses. Complex payables are
characterized by invoices with high complexity, error rates and content
value. Cass provides value by lowering costs through improved invoice
process efficiencies and effective audit controls as well as by
converting raw data from invoices to actionable business intelligence.
About Cass Information Systems
Cass Information Systems, Inc. (NASDAQ: CASS) 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. Cass is part of the Russell
2000(R) Index and was recently ranked #65 on the 2009 Fortune
Small Business FSB 100 list of the fastest-growing public
companies in America. More information is available at http://www.cassinfo.com.
(c) 2009 Business Wire, Inc., All rights reserved. All of the news releases and other content contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. Any copying or reproduction (other than for an individual user's personal reference), redistribution, reposting or other transmission or communication is expressly prohibited without prior written permission of Business Wire, Inc
