In the ongoing race to squeeze value out of financial operations, Conduent just gave its FastCap® Finance Analytics platform a powerful GenAI upgrade. The global business solutions provider announced that FastCap now integrates generative AI–driven contract and spend analytics, enabling organizations to analyze contracts, verify compliance, and uncover hidden savings faster than ever.

The new capabilities transform FastCap from a recovery engine into a holistic financial intelligence tool—one that doesn’t just find overpayments but proactively prevents them. Since 2021, Conduent says the platform has already helped clients recover or prevent more than $850 million in payment errors.

From Contract Chaos to Data-Driven Clarity

Built on an enterprise-grade GenAI model, FastCap’s latest expansion targets four pain points that plague procurement and finance teams:

• Contract Intake: The system can now process and interpret contracts in any language, comparing supplier terms with internal systems. In one case, Conduent used it to process 2,400 contracts in three weeks—a job that typically takes six to eight months.
• Contract Compliance: By comparing contract terms with actual spend, FastCap can automatically flag mismatches. One logistics client discovered $3.5 million in erroneous payments after the AI reviewed 70 million Accounts Payable records.
• Procurement Spend Analysis: The system benchmarks real-world spending against negotiated pricing, revealing efficiency gaps. For a Fortune 500 company, it spotted $6.3 million in potential savings on $153 million in non-core spend.
• Tariff Management: With tariff modeling, FastCap helps manufacturers understand how global trade dynamics affect their cost base. One client uncovered $750 million in tariff-related exposure after AI analyzed 2,000 purchase orders.

Generative AI Meets Finance Operations

“Organizations have vast financial data but often lack tools to convert it into actionable insights,” said Kimberly Marshall, Head of Commercial Solutions and Account Management at Conduent. “FastCap blends domain expertise with cutting-edge GenAI to deliver meaningful analysis that drives real business results.”

It’s a timely move. Across industries, GenAI is rapidly redefining finance operations, from predictive analytics to spend optimization. Tools like FastCap are helping large enterprises modernize legacy finance functions—a space where firms like SAP, Coupa, and Oracle have also been layering AI into their procurement stacks.

But while others focus on automation, Conduent’s bet is on intelligent exception detection—finding the overlooked discrepancies that cost millions. By combining audit logic, contract parsing, and predictive modeling, FastCap positions itself as a compliance-first alternative to traditional spend analytics platforms.

A Broader Push Into AI-Driven Business Solutions

Conduent’s strategy fits into a broader enterprise AI wave: integrating automation with governance, transparency, and explainability. The company’s finance, accounting, and procurement solutions aim to reduce risk, boost savings, and give CFOs real-time visibility into spend patterns.

For organizations struggling with thousands of contracts and fragmented supplier data, Conduent’s latest update makes a strong case for GenAI as a practical, measurable tool—not just a buzzword.

As enterprise finance pivots toward AI-driven accuracy and speed, FastCap’s latest evolution suggests that the era of spreadsheet-based audits and manual reconciliation may finally be ending.