Discover How to Cut Costs by 20% with AI-driven Autonomous Sourcing

Download the new report from HFS Research to find out how you can follow the lead of companies such as Fidelity Investments, T. Rowe Price and UCB Pharma by automating your spend management model delivers new savings and increased efficiencies across the buying journey

Freedom Within Fences: Autonomous Sourcing Goes Mainstream

Download Whitepaper

First Name *

Last Name *

Email Address *

Company *

Job Title *

Job Role

Phone Number *

Country *

Freedom Within Fences: Autonomous Sourcing Goes Mainstream

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.

Key findings in the report include:

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.

We now require only eight resources instead of 50 and have achieved over 20% savings compared to standard rates. It took about three months to break even, and after that, it was all pure savings resulting in the company’s bottom line.

Matt Pritchard

CPO, Fidelity Investments