Conduent宣布其Fastcap Finance Analytics解决方案现已采用GenAI支持的合同和支出分析

Leveraging advanced GenAI and AI technologies, FastCap identifies procurement savings, accelerates contract intake and analysis, uncovers potential financial risks

Conduent Incorporated (NASDAQ:CNDT), a global technology-driven business solutions provider, today announced that FastCap® Finance Analytics solution has integrated a GenAI-powered contract and spend analytics capability that enables it to expedite contract intake, verify contract compliance, and identify procurement savings and tariff-related financial exposures more efficiently and more accurately.

FastCap initially launched as a platform focused on preventing payment errors and recovering incorrect payments. Since 2021, the solution has helped clients recover or prevent overpayments exceeding $850 million.

Built on a sophisticated GenAI model designed for enterprise use, these new FastCap capabilities are already supporting finance, accounting, procurement and contract management teams in a variety of industries across four key functions:

• Contract Intake: Automates analysis of contracts in any language, matching supplier terms against contract systems. For example, Conduent recently helped a client process 2,400 contracts — normally a six to eight-month task — in just three weeks.
• Contract Compliance: Detects commercial terms and amendments and compares them with actual spend to ensure compliance. Using this capability, Conduent uncovered over $3.5 million in erroneous payments after reviewing 70 million Accounts Payable records for a global logistics client.
• Procurement Spend Analysis: Provides actionable insights by comparing spend against negotiated prices within the client's network and marketplace. A recent engagement identified $6.3 million in savings on $153 million of non-core spend for a Fortune 500 client.
• Tariff Management: Applies AI modeling to assess tariff impacts across strategic procurement scenarios. For a global manufacturer, the FastCap solution analyzed nearly 2,000 purchase orders and identified $750 million in tariff-related business impact.