Conduent Identifies Over $18 Million In Finance and Procurement Savings Using GenAI-Powered FastCap

Key Terms

genai technical

Generative AI (genai) is a type of artificial intelligence designed to create new content, such as text, images, or music, that resembles human-produced work. It matters to investors because it has the potential to transform industries by automating tasks, enhancing creativity, and enabling new products and services, which can influence company performance and market opportunities.

agentic-ai technical

An agentic AI is a software system that can set or accept goals, make plans, and take actions in the real world or digital environments with minimal human guidance—think of it as a junior employee given a task and the freedom to decide how to accomplish it. For investors, agentic AI matters because it can boost productivity and create new revenue streams, but it also changes risk profiles through higher development costs, potential errors or unintended actions, and evolving regulatory and liability issues.

spend forensics technical

Spend forensics is a detailed review of a company’s spending to trace where money actually goes, spot irregularities, and check whether expenses match stated purposes. For investors it matters because it reveals hidden costs, waste, or potential fraud that can hurt cash flow and future profits—think of it like following a paper trail to see if a household’s receipts match its bank statements.

contract-to-spend compliance financial

Contract-to-spend compliance is the practice of making sure money is spent exactly as a contract or grant requires—on the services, items or timelines that were promised. Think of it like following a recipe or shopping list: deviating can trigger penalties, demands for repayment, or lost future business. Investors care because failures in this area can lead to fines, revenue adjustments, higher costs, or damaged customer and regulator relationships that affect a company’s financial health.

tail spend financial

Tail spend is the collection of many small, irregular purchases a business makes that aren’t tightly managed or tracked, like office supplies, one-off services, or low-value vendor invoices. Investors care because these scattered expenses can hide wasted money, compliance problems, or supply risks that affect profit margins and cash flow—think of it as loose change in a company’s couch cushions that can add up or reveal inefficiencies.

autonomous sourcing platform technical

An autonomous sourcing platform is a software system that automatically finds, evaluates and procures goods, services or suppliers using data, rules and machine decision-making rather than manual purchase orders. Think of it as an autopilot or concierge for a company’s buying process: it can reduce costs, speed deliveries and lower supply‑chain risk, so investors watch it as a lever for improving margins, reliability and growth scalability.

electronic recording process technical

An electronic recording process is the method by which official corporate, legal or regulatory documents are submitted, time-stamped and stored in digital form with a government or oversight body instead of on paper. For investors it matters because the digital record creates a clear, verifiable trail of when disclosures, approvals or ownership changes occurred — like getting an email confirmation instead of a handwritten note — which affects transparency, legal rights and the timing of market-moving information.

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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.--(BUSINESS WIRE)-- 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®: 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’s FastCap® Finance Analytics solution enhances contract and spend analytics to accelerate contract intake, verify compliance, and identify procurement savings and tariff-related exposures with greater speed and accuracy.

For example, with a global logistics provider, FastCap identified in six months:

• $6 million from supplier optimization through spend forensics
• $2 million in overspending identified with contract-to-spend compliance comparison using Agentic-AI
• $7 million in overpayments beyond what the client’s Electronic Recording Process and other third-party tools had previously detected.

FastCap 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.

Adding Control to Unmanaged Spend

Conduent deployed an Agentic AI‑powered 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.

The 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.

Executive Perspective

“CFOs 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,” said George Wehbe, President, Commercial Solutions at Conduent. “Clients 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.”

About Conduent
Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – 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’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ 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 www.conduent.com.

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Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260507020388/en/

Media Contacts:
Sean Collins, Conduent, +1-310-497-9205, sean.collins2@conduent.com

Investor Relations Contact:
Joshua Overholt, Conduent, ir@conduent.com

Source: Conduent Incorporated