As finance and procurement leaders look for tangible AI business use cases, a new report from HFS Research explores how Global 2000 companies such as Fidelity Investments, T. Rowe Price, and UCB Pharma are leveraging the game-changing technology to increase visibility and control of every dollar they spend.

• Cost Savings – automated spend management is delivering instant savings of 20% as business users self-serve meaning enterprises can competitively manage more spend, even with lower headcount.
• Efficiency and Speed – traditional RFx processes often span up to six months but autonomous sourcing enables companies to go to market in as little as 23 minutes and complete 64% of projects in less than a day.
• Strategic Impact – AI-driven spend management automates many aspects of the corporate buying model, allowing procurement teams to shift focus from transactional tasks to strategic initiatives that help drive business growth.