Case Study: Global Vehicle Manufacturer achieves $69M in recoveries with Conduent contract analytics

Global Vehicle Manufacturer delivers $69M in recoveries with Conduent

The global vehicle manufacturer faced a significant challenge in identifying revenue leakage due to a labor-intensive process. Their difficulties stemmed from analyzing various unstructured data sources like contracts and invoices, which prevented a 100% audit and led to lost recovery opportunities. Conduent was engaged to address this issue using its contract analytics engine and process expertise.

Conduent implemented a solution that automated the recovery process by digitizing and analyzing contracts, purchase orders, and source system data. This systematic data matching prioritized auditor workflows, improving the identification of leakage. The results delivered $69M in cost savings through recoveries, increased the percentage of documents audited, and provided the ability to transition from recovery to prevention of future revenue leakage.