Conduent Incorporated Partners with Fairmarkit to Enhance FastCap Finance Analytics Solution
ByAinvest
Saturday, Aug 9, 2025 8:11 pm ET1min read
CNDT--
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
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
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet