Cass Information Systems and Caspian Partner to Deliver Comprehensive Tariff Cost Management Solution
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tariff cost managementfinancial
Tariff cost management is the set of actions a company takes to reduce or control the taxes and duties charged on goods crossing borders, such as changing shipping routes, classifying products differently, or using trade agreements. For investors, effective management is like finding ways around expensive tolls: it can lower costs, protect profit margins, stabilize pricing, and reduce supply‑chain risk, all of which affect a company’s competitiveness and earnings.
hts modelingregulatory
HTS modeling is the use of computer tools to analyze and predict results from high-throughput screening, a process that tests thousands to millions of chemical or biological samples for promising activity. It turns large, noisy lab datasets into ranked candidates and likely outcomes—like using software to sort thousands of resumes to highlight the best hires—helping companies prioritize which leads to pursue, shorten timelines, lower costs and reduce scientific and financial risk for investors.
post summary corrections (psc)regulatory
Post summary corrections (PSC) are amendments made to a previously published press release or regulatory summary to fix factual errors, omissions, or formatting mistakes after the original release went live. Investors care because even small corrections can change key numbers or timelines, altering the picture of a company's performance or risk; think of it like updating a recipe when you realize an ingredient or step was listed incorrectly, which can change the final result.
duty drawbackregulatory
A duty drawback is a government refund of import taxes paid on goods that are later exported or used to make exported products. For investors, it acts like a rebate that lowers the effective cost of inventory and can improve profit margins, cash flow, and the competitiveness of exporters—similar to getting a deposit back after returning a borrowed item.
cbp complianceregulatory
U.S. Customs and Border Protection (CBP) compliance means following the rules for bringing goods, materials, or products into or out of the United States, including correct documentation, duties, labeling, and safety requirements. Investors care because failure to comply can lead to fines, shipment delays, seized goods, or blocked sales, similar to a store being shut for health-code violations; that risk can hurt revenue, increase costs, and damage a company’s reputation.
ST. LOUIS & SAN FRANCISCO--(BUSINESS WIRE)--
Cass Information Systems, Inc. (Nasdaq: CASS), a leading provider of enterprise payment and spend management solutions, today announced a strategic partnership with Caspian, the AI command center for customs refunds. Together, the companies will deliver a comprehensive tariff cost management solution designed to help U.S. importers improve cash flow, strengthen compliance, and better understand their true landed product costs.
Addressing Critical Supply Chain Challenges
Ongoing tariff complexity and difficult customs processes continue to elevate compliance and financial risks for U.S. importers.
Refunds opportunities go undetected, unrecovered or become stuck in endless red tape
Compliance posture & supply chain planning are reactive to geopolitics
Pricing strategy lacks visibility to trends in product-level duty burdens
Shippers need processes and technology that improve financial controls and supply chain resiliency, while reducing the work they face each day.
A Connected Tariff Spend Management Offering
The Cass–Caspian partnership will deliver an integrated solution connecting payment, audit, compliance, recovery, and improved visibility. To enhance Cass payments and reporting, Caspian will contribute AI‑driven HTS modeling, detailed tariff audit capabilities, refund identification, and full support for post summary corrections (PSC), protests, and duty drawback programs.
Cass clients who leverage its established ocean audit capabilities and the new tariff solution will achieve true excellence in managing the costs of global trade.
Benefits to Importers: Post-Entry Process on Autopilot
Reduce tariff spend by addressing misclassifications and overpayments
Accelerate refunds by completing audits & corresponding correction filings in days
Strengthen CBP compliance posture by creating searchable records databases & auditing shipments pre- and post-entry via integrated data feeds
Increase resiliency by identifying trade compliance gaps, streamlining time-sensitive payments, and leveraging tariff refund eligibility logic that is updated daily
Manage global trade costs (freight and duties) in one platform, with one payment process
Leadership Perspectives
“This partnership strengthens our ability to help importers manage tariff costs with greater accuracy and transparency,” said Tony Urban, president of Cass’s freight payment organization. “Cass has supported duty payments for years. Now by adding Caspian’s compliance, audit, and recovery capabilities, we’re able to deliver the comprehensive solution our clients have been asking for.”
“Caspian brings a best-in-class AI-driven tariff audit engine and advanced HTS modeling to this partnership, and our team has decades of combined experience in customs brokerage and supply chain technology,” said Justin Sherlock, co-founder and CEO of Caspian. “Together, we’ll help importers close compliance gaps, maximize tariff refunds, and increase transparency throughout the shipping lifecycle.”
Cass Information Systems, Inc. is a leading provider of enterprise payment and spend management solutions, helping clients manage and optimize complex facilities and transportation spend through intelligent automation, accurate auditing, and centralized visibility.Disbursing over $94 billion annually on behalf of clients, and with total assets of $2.6 billion, Cass is uniquely supported by Cass Commercial Bank. Founded in 1906 and a wholly owned subsidiary, Cass Commercial Bank provides sophisticated financial exchange services to the parent organization and its clients. Cass is part of the Russell 2000®. More information is available at www.cassinfo.com.
About Caspian
Caspian is the first AI‑native trade advisory platform for international supply chains, specializing in duty drawback and tariff refund processing. Founded in 2024, Caspian is a U.S.-licensed customs broker and ABI software vendor, helping importers simplify trade processes, strengthen compliance, and recover millions in overpaid duties. Learn more at www.meetcaspian.com.
