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Conduent Incorporated Partners with Fairmarkit to Enhance FastCap Finance Analytics Solution
ByAinvest
Saturday, Aug 9, 2025 8:11 pm ET1min read
Conduent Incorporated (CNDT) has partnered with Fairmarkit, an AI-powered sourcing platform, to enhance its FastCap Finance Analytics solution. The partnership aims to streamline procurement workflows, improve sourcing accuracy, and enable cost-saving opportunities. Fairmarkit's autonomous technology is expected to generate an additional 3-6% in savings. Conduent offers digital business solutions leveraging AI, automation, and data analytics.
Conduent Incorporated (CNDT) has entered into a strategic partnership with Fairmarkit, an AI-powered sourcing platform, to bolster its FastCap Finance Analytics solution. The collaboration aims to streamline procurement workflows, improve sourcing accuracy, and uncover cost-saving opportunities. Fairmarkit's autonomous technology is expected to generate an additional 3-6% in savings for Conduent.The partnership is part of Conduent's broader strategy to leverage AI, automation, and data analytics to deliver mission-critical solutions to its clients. FastCap Finance Analytics is designed to improve financial performance by identifying cost-saving opportunities within procurement and spend management.
Conduent's latest financial results, released on August 6, 2025, show that the company's second quarter 2025 Adjusted EBITDA of $37 million and Adjusted EBITDA Margin of 4.9% both increased compared to the prior year period. The company's revenue for the quarter was $754 million, in line with guidance, and new business signings improved both year-over-year and sequentially.
The partnership with Fairmarkit is expected to further enhance Conduent's capabilities in the finance and procurement solutions segment, contributing to the company's ongoing efforts to improve margins and cash flow. As Conduent continues to pivot to growth, this strategic collaboration is a key component of its portfolio rationalization efforts.
References:
[1] https://investor.conduent.com/news-releases/news-release-details/conduent-reports-second-quarter-2025-financial-results
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