Conduent Incorporated (CNDT) Partners with Fairmarkit

With a share price under $3 and strong hedge fund interest, Conduent Incorporated (NASDAQ:CNDT) secures a spot on our list of the 10 Best AI Stocks to Buy Under $3.

Conduent Incorporated (CNDT) Partners with Fairmarkit

A technical analyst using a cloud-based analytics dashboard for financial services.

Conduent Incorporated entered into a strategic partnership with Fairmarkit, an AI-powered sourcing platform. With this move, CNDT will supercharge its FastCap Finance Analytics solution, streamlining procurement workflows and enhancing sourcing accuracy, while enabling new cost-saving opportunities. The platform has already generated over $800 million in savings since 2021.

Furthermore, Fairmarkit’s autonomous technology will help Conduent Incorporated achieve an additional 3-6% in savings. This collaboration integrates real-time analytics with automated bidding and expanded supplier options, offering a toolkit that allows businesses to optimize tail spend and ensure compliance.

Conduent Incorporated offers digital business solutions by leveraging AI, automation, and data analytics. It is included in our list of the best AI stocks.

READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts.