Case Study

Preventing $26.6M in erroneous spend for a global manufacturer with FastCap Finance Analytics

Preventing $26.6M in erroneous spend for a global manufacturer with FastCap Finance Analytics

Pages 1 Pages

A leading global automaker facing high costs from duplicate payment errors turned to Conduent’s FastCap Finance Analytics to replace inefficient manual detection processes. Using 15 algorithms, the AI-driven platform proactively identified and blocked duplicate transactions, preventing $26.6 million in erroneous payments within 24 months. The solution improved efficiency by reducing manual reviews, enhanced performance with detailed findings reports, and strengthened data quality with custom dashboards. Scalable to handle larger datasets and diverse invoice types, it supported the client’s operational growth while driving significant cost savings and accuracy improvements.

Join for free to read