{"id":959808,"date":"2026-05-07T08:46:07","date_gmt":"2026-05-07T12:46:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/"},"modified":"2026-05-07T08:46:07","modified_gmt":"2026-05-07T12:46:07","slug":"conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/","title":{"rendered":"Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap<\/b><\/p>\n<p class=\"bwalignc\"><i>Delivering on the promise of GenAI: Conduent solutions launched in 2025 found millions in savings from spend optimization and identification of duplicate or over payments<\/i><\/p>\n<p>FLORHAM PARK, N.J.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.conduent.com%3Futm_source%3Dbusiness_wire%26utm_medium%3Dnews_releases%26utm_campaign%3D2024_PR&amp;esheet=54530995&amp;newsitemid=20260507020388&amp;lan=en-US&amp;anchor=Conduent+Incorporated&amp;index=1&amp;md5=f68558a6635430413c0552ad51038b9f\">Conduent Incorporated<\/a><\/b>(Nasdaq: CNDT),<b \/>a global technology-driven business solutions and services company, identified more than $18 million in finance and procurement savings for clients in just six months through <b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.news.conduent.com%2Fnews%2Fconduent-s-fastcap-r-integrates-genai-powered-contract-and-spend-analytics-to-boost-financial-performance&amp;esheet=54530995&amp;newsitemid=20260507020388&amp;lan=en-US&amp;anchor=GenAI-powered+solutions+that+were+deployed+last+year.&amp;index=2&amp;md5=69d78a635de6e3a55334df9b8486f128\">GenAI-powered solutions that were deployed last year.<\/a><\/b><\/p>\n<p><i>FastCap\u00ae: Unlocking Rapid Savings and Root Causes<\/i><\/p>\n<p>\nHistorically, high labor costs and limited ROI made it difficult for organizations to uncover and manage many untapped savings. With the integration of GenAI and Agentic-AI, Conduent\u2019s <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.conduent.com%2Ffinance-accounting-procurement%2Fspend-analytics%2F&amp;esheet=54530995&amp;newsitemid=20260507020388&amp;lan=en-US&amp;anchor=FastCap%26%23174%3B+Finance+Analytics+solution&amp;index=3&amp;md5=65b311be920255f32afecb71babcba0a\">FastCap\u00ae Finance Analytics solution<\/a> enhances contract and spend analytics to accelerate contract intake, verify compliance, and identify procurement savings and tariff-related exposures with greater speed and accuracy.<\/p>\n<p>\nFor example, with a global logistics provider, FastCap identified in six months:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\n$6 million from supplier optimization through spend forensics<\/p>\n<\/li>\n<li>\n$2 million in overspending identified with contract-to-spend compliance comparison using Agentic-AI<\/p>\n<\/li>\n<li>\n$7 million in overpayments beyond what the client\u2019s Electronic Recording Process and other third-party tools had previously detected.<\/p>\n<\/li>\n<\/ul>\n<p>\nFastCap is built with a continuous analysis and feedback loop that strengthens Finance, Accounting and Procurement systems by identifying root causes, thereby preventing recurring issues and improving long-term outcomes.<\/p>\n<p><i>Adding Control to Unmanaged Spend<\/i><\/p>\n<p>\nConduent deployed an Agentic AI\u2011powered autonomous sourcing platform to optimize procurement workflows and manage tail spend across 21 procurement categories for a global automaker. These categories typically include thousands of purchase orders averaging less than $1,000 each.<\/p>\n<p>\nThe platform autonomously identified suppliers, managed 43,000 bid requests, selected cost-effective options, and processed orders. Within four months, the system identified more than $3 million in savings. As adoption scales, additional significant savings are expected as more transactions flow through the autonomous sourcing engine.<\/p>\n<p><i>Executive Perspective<\/i><\/p>\n<p>\n\u201cCFOs are under constant pressure to manage costs and unlock working capital in an increasingly complex business environment. Conduent is at the forefront of implementing GenAI and Agentic-AI solutions that deliver real benefits for financial teams,\u201d said George Wehbe, President, Commercial Solutions at Conduent. \u201cClients using FastCap are transforming their financial processes by capturing significant savings faster, improving spend management, preventing leakage, and identifying the root causes of spend errors.\u201d<\/p>\n<p><b>About Conduent<br \/>\n<br \/><\/b>Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum \u2013 creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 51,000 associates, process expertise and advanced technologies, Conduent\u2019s solutions and services digitally transform its clients\u2019 operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients\u2019 missions in many ways including disbursing approximately $80 billion in government payments annually, enabling approximately 2.0 billion customer service interactions annually, empowering millions of employees through HR services every year and processing over 14 million tolling transactions every day. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.conduent.com&amp;esheet=54530995&amp;newsitemid=20260507020388&amp;lan=en-US&amp;anchor=www.conduent.com&amp;index=4&amp;md5=e7927f94aa655c52228f8464cd119d03\">www.conduent.com<\/a>.<\/p>\n<p><strong>Note:<\/strong><b \/>To receive RSS news feeds, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.news.conduent.com%2F&amp;esheet=54530995&amp;newsitemid=20260507020388&amp;lan=en-US&amp;anchor=www.news.conduent.com&amp;index=5&amp;md5=39b01099bde2eaa414f8b729bed12cb1\">www.news.conduent.com<\/a>. For open commentary, industry perspectives and views, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fx.com%2FConduent&amp;esheet=54530995&amp;newsitemid=20260507020388&amp;lan=en-US&amp;anchor=https%3A%2F%2Fx.com%2FConduent&amp;index=6&amp;md5=209bd8b300e876443ca141ff9542fc78\">https:\/\/x.com\/Conduent<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2FConduent&amp;esheet=54530995&amp;newsitemid=20260507020388&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2FConduent&amp;index=7&amp;md5=33458f6dab02e006f309fefead229072\">http:\/\/www.linkedin.com\/company\/Conduent<\/a> or <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2FConduent&amp;esheet=54530995&amp;newsitemid=20260507020388&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.facebook.com%2FConduent&amp;index=8&amp;md5=b3fb4328d6ab5842551f8ee5a0d2a650\">http:\/\/www.facebook.com\/Conduent<\/a>.<\/p>\n<p><b>Trademarks<br \/>\n<br \/><\/b>Conduent is a trademark of Conduent Incorporated in the United States and\/or other countries. Other names may be trademarks of their respective owners.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260507020388r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260507020388\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260507020388\/en\/<\/a><\/span><\/p>\n<p><b>Media Contacts:<br \/>\n<\/b><br \/>Sean Collins, Conduent, +1-310-497-9205, <a rel=\"nofollow\" href=\"mailto:sean.collins2@conduent.com\">sean.collins2@conduent.com<\/a><\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/>Joshua Overholt, Conduent, <a rel=\"nofollow\" href=\"mailto:ir@conduent.com\">ir@conduent.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New Jersey United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Payments Human Resources Finance Consulting Accounting Professional Services Data Analytics Data Management Artificial Intelligence<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260507020388\/en\/2111251\/3\/Conduent_Logo2024.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap Delivering on the promise of GenAI: Conduent solutions launched in 2025 found millions in savings from spend optimization and identification of duplicate or over payments FLORHAM PARK, N.J.&#8211;(BUSINESS WIRE)&#8211;Conduent Incorporated(Nasdaq: CNDT),a global technology-driven business solutions and services company, identified more than $18 million in finance and procurement savings for clients in just six months through GenAI-powered solutions that were deployed last year. FastCap\u00ae: Unlocking Rapid Savings and Root Causes Historically, high labor costs and limited ROI made it difficult for organizations to uncover and manage many untapped savings. With the integration of GenAI and Agentic-AI, Conduent\u2019s FastCap\u00ae Finance Analytics solution enhances contract and spend analytics to accelerate &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-959808","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap Delivering on the promise of GenAI: Conduent solutions launched in 2025 found millions in savings from spend optimization and identification of duplicate or over payments FLORHAM PARK, N.J.&#8211;(BUSINESS WIRE)&#8211;Conduent Incorporated(Nasdaq: CNDT),a global technology-driven business solutions and services company, identified more than $18 million in finance and procurement savings for clients in just six months through GenAI-powered solutions that were deployed last year. FastCap\u00ae: Unlocking Rapid Savings and Root Causes Historically, high labor costs and limited ROI made it difficult for organizations to uncover and manage many untapped savings. With the integration of GenAI and Agentic-AI, Conduent\u2019s FastCap\u00ae Finance Analytics solution enhances contract and spend analytics to accelerate &hellip; Continue reading &quot;Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-07T12:46:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260507020388r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap\",\"datePublished\":\"2026-05-07T12:46:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\\\/\"},\"wordCount\":634,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260507020388r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\\\/\",\"name\":\"Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap - 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FastCap\u00ae: Unlocking Rapid Savings and Root Causes Historically, high labor costs and limited ROI made it difficult for organizations to uncover and manage many untapped savings. With the integration of GenAI and Agentic-AI, Conduent\u2019s FastCap\u00ae Finance Analytics solution enhances contract and spend analytics to accelerate &hellip; Continue reading \"Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/","og_site_name":"Market Newsdesk","article_published_time":"2026-05-07T12:46:07+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260507020388r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap","datePublished":"2026-05-07T12:46:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/"},"wordCount":634,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260507020388r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/conduent-identifies-over-18-million-in-finance-and-procurement-savings-using-genai-powered-fastcap\/","name":"Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap - 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