Finance, Accounting and Procurement Solutions

Spend Analytics Services (FastCap®)

Gain better control over your procurement process with Conduent’s spend analytics and AP recovery services.

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Delivering for our clients at scale

~10%
savings from improved strategic sourcing and spend management
~2%
recovered external spend beyond client’s ERP
$800M
of overpayments prevented or recovered in two years for eight clients

Find hidden costs and optimize savings

Duplicate or erroneous payments can cause companies to lose significant funds from their accounts payable spend each year. Our standalone FastCap Finance Analytics solution is built to find hidden capital your business can use quickly using advanced spend analytics and AP recovery audit techniques. By combining powerful automation and analysis with dedicated expertise, we can help your business uncover significant savings for a more secure long-term foundation with effective spend management strategies.

*Source: CFO.com

Take control of supplier costs

Effective supplier cost management is essential for maximizing profitability. Conduent’s Spend Analytics solutions empower businesses to gain visibility into supplier spending, identify cost-saving opportunities, and streamline procurement processes. With automated AP recovery audits and real-time analytics.

  • Speed financial recoveries

    Find new working capital in as little as 90 days using advanced spend analytics.

  • Customize forecasts

    Maximize recoveries with tailored forecasts for better financial decision-making.

  • Minimize risk

    Pay for performance with 100% outcome-based pricing, ensuring a risk-free approach to managing accounts payable spend.

Why Conduent?

Conduent is a trusted partner with over three decades of industry experience, supporting organizations across 25 countries and 130+ delivery locations. Our FastCap Spend Analytics Services leverage AI to help clients uncover hidden cost-saving opportunities and enhance procurement performance. This enables clients to make informed decisions, negotiate better contracts and optimize their procurement strategies, leading to improved financial performance.

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About FastCap Finance Analytics — Commonly asked questions

What exactly is FastCap?
FastCap is a set of comprehensive audit and recovery services that empowers businesses to maximize savings and enhance operational efficiency. By conducting detailed contract audits, freight audits, vendor statement solicitation, and AP audits, we identify and recover erroneous payments, ensure contract compliance, and provide visibility into AP spend data. Coupled with advanced spend analytics, this solution – which is 100% outcome based – offers actionable insights to uncover working capital and sustained financial health.

What are the pain points that this solution addresses?
Many businesses face challenges like a fragmented technology landscape with multiple AP platforms, limited adoption of automation tools, and underutilized analytics, leading to inaccurate and delayed reporting. These issues, combined with rising operational costs and inefficient commodity management, can hinder financial performance and operational efficiency. We optimize commodity management by identifying cost-saving opportunities and tracking spending trends, leading to better resource allocation and financial control.

What is spend analytics?
Spend analytics is the process of collecting, cleansing, analyzing, and managing procurement data to gain insights into spending patterns. It helps organizations optimize costs, improve supplier relationships, and drive strategic sourcing decisions.

  • What are the 4 stages in spend analysis?
    A structured spend analysis follows these four key stages:
  • Data Collection – Aggregating spend data from multiple sources, such as invoices, purchase orders, and contracts.
  • Data Cleansing & Categorization – Standardizing and classifying data to ensure accuracy and consistency.
  • Data Analysis – Identifying transaction-level data trends, inefficiencies, and opportunities for cost optimization.
  • Strategic Action – Leveraging insights to negotiate better contracts, streamline procurement, mitigate risk and optimize working capital.

What is the primary purpose of spend analysis?
The primary purpose of spend analysis is to give businesses clear visibility into their procurement and financial data, allowing them to control costs, optimize supplier relationships, mitigate risks, and make more strategic, data-driven decisions. With clear insights into spending, companies can take advantage of financial tools like AP post-payment audits and recovery to improve liquidity and drive further operational efficiency.

What is an example of a spend category?
A spend category is simply a way of grouping similar expenses. For instance, a company might track ‘tail spend’, which are low-value, high-volume purchases that are typically unmanaged or overlooked in an organizations procurement strategy.