(CNN) - Republican presidential candidate Herman Cain said he perceives Mitt Romney's well-funded campaign as more of a threat than the man himself, according to The Daily Caller.
"We've got to beat Mitt Romney's money, not Mitt Romney," the radio talk show host said in an article published Saturday.
Both candidates have business credentials they argue bolster their candidacies heading into a presidential race that will focus largely on jobs and the economy. Romney, a successful businessman founded Bain Capital, a private equity firm. Cain is former CEO of Godfather's pizza.
"I don't think his business background is any more impressive than mine," Cain said. "He just happens to have a deeper war chest and you can do a lot of things in terms of hiring staff, putting together programs, so we just basically have to work smarter with the dollars we will raise."
Romney's political action committee, Free and Strong America, has raised millions of dollars since 2009, according to federal records and his PAC.
The Cain camp is raising money through traditional fundraisers and online donors but hasn't reached figures that are high enough to counter the deep pockets of Romney's campaign.
Results of a recent CNN/Opinion Research Corporation survey show 15 percent support for Romney, the former Massachusetts governor who announced his candidacy for president last week. Sarah Palin, who has not announced that she will enter the race, came in at 13 percent. Cain trailed behind at ten percent.
Cain had more welcoming words for potential 2012 GOP contender and fellow Tea Party figure, Sarah Palin.
Cain told CNN on Sunday he is flattered about coming close to Palin in recent polls. "I think that makes a statement about how hard we have been working," Cain said. "To be up there with Sarah Palin while only having one-third the name ID, we got to feel pretty fantastic about that."
"If she decides to enter the race, I think that is going to be good for the race," Cain said.
– On Monday, June 13, CNN will host the first New Hampshire Republican Presidential Debate, live from Manchester, NH at 8 p.m. ET. Follow all the issues and campaign news leading up to the debate on CNNPolitics.com and @cnnpolitics on Twitter.