Fairmarkit Partners with Conduent to Revolutionize Finance and Procurement with AI-Driven Innovation
We're excited to announce a new strategic collaboration with Conduent Incorporated, a global leader in technology-driven business process services. This partnership merges our autonomous AI sourcing platform with Conduent’s proven finance analytics capabilities, bringing companies smarter procurement workflows, greater savings, and enhanced spend visibility.
A Mission-Critical Technology Partner
Conduent helps businesses and government organizations transform operations through automation, cloud, AI, and analytics. With a global team of over 50,000 associates, Conduent delivers mission-critical services across commercial, government, and transportation sectors, including finance, human resources, customer support, and tolling systems. Their solutions process billions of transactions annually, enhancing performance, reducing costs, and improving experiences for end users worldwide.
This partnership brings together Fairmarkit’s autonomous sourcing technology and Conduent’s finance analytics expertise, specifically its FastCap® platform, to help organizations turn financial data into automated, optimized procurement outcomes.
Transforming Spend Management with AI + Analytics
Fairmarkit + Conduent FastCap® is designed to deliver:
- Streamlined procurement workflows across sourcing, RFP bidding, and supplier selection for full transparency and efficiency.
- Smarter decisions powered by AI to improve purchasing precision and sourcing accuracy.
- Accelerated cost savings by identifying tail‑spend opportunities via FastCap and automating sourcing to act on those insights—unlocking up to 3–6% additional savings.
Since 2021, FastCap has flagged more than $800 million in recoveries and prevented overpayments, addressing up to 10% of addressable spend. Layer on Fairmarkit’s automated bidding and sourcing support, and organizations gain a smarter, faster path to achieving real savings.
A Shared Commitment to Client-First Innovation
“Collaborating with innovative solution partners like Fairmarkit helps our clients further advance their objectives and create stronger financial results.”
— Mike McDaniel, Group President, Commercial Solutions at Conduent
“We’re thrilled to bring the power of AI‑powered sourcing to a broader range of procurement teams. Together, we enable smarter spend optimization, streamlined processes, and measurable results.”
— Allison Yount, VP of Partnerships at Fairmarkit
Conduent’s deep experience in digital transformation for enterprises and government, paired with Fairmarkit’s autonomous sourcing platform, equips procurement and finance teams to confidently scale spend under management, drive compliance, and mitigate risk.
What This Offers Enterprises
This partnership is more than technology, it’s about outcomes. Your organization can now benefit from:
- Higher contract compliance and streamlined risk management
- Expanded supplier options and sourcing agility
- Increased efficiency and visibility into every dollar spent
- Faster, measurable savings to impact the bottom line
