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Conduent Incorporated (NASDAQ: CNDT) is the world's largest provider of diversified business process services. The company excels in transaction processing, automation, analytics, and constituent experience. Conduent collaborates with both government and commercial customers to enhance the delivery of services to their respective client bases. It plays a pivotal role in the U.S. healthcare industry by managing interactions with patients and the insured. Additionally, it serves as the customer interface for large segments of the technology industry and is a key operational and processing partner for public transportation systems globally.
Conduent offers a broad range of services including digital payments, claims processing, benefit administration, automated tolling, customer care, and distributed learning. These services are designed to create value for both clients and their constituents by modernizing and managing interactions effectively. Customers include Fortune 100 companies and more than 600 government and transportation agencies.
The company operates through three key segments: Commercial Industries, Government Services, and Transportation, with the majority of its revenue generated in the United States. Conduent's significant recent achievement includes successfully migrating its on-premises Oracle Exadata environment to the cloud using Oracle Database@Azure. This migration has significantly improved application performance and enabled real-time transaction processing, enhancing the services provided to its clients.
To stay updated on the latest developments, visit www.conduent.com.
Conduent (Nasdaq: CNDT) plans to announce its Q3 2020 financial results on November 5, 2020, post-market. The management will conduct a conference call at 5:00 p.m. ET to discuss the results, accessible via audio webcast and phone. Conduent provides critical services for businesses and governments, emphasizing operational efficiency and cost reduction. The company serves major clients, including Fortune 100 firms and over 500 government entities, and highlights significant savings and improvements due to its innovative solutions.
Conduent (Nasdaq: CNDT) recently opened a Command Center for IT Operations in Sandy, Utah, creating over 80 technology-focused jobs. This facility provides 24/7 monitoring for global clients, enhancing service quality significantly. Conduent’s commitment to quality and efficiency is highlighted by utilizing advanced technology, including a 30-foot video wall, to support clients across various sectors. This strategic investment not only boosts service delivery but also reinforces Conduent’s long-standing presence in Utah, where it has employed over 400 associates for more than 20 years.
Conduent Transportation has achieved Visa Ready for Transit certification for its ATLAS Ops fare collection system. This certification enhances the capability of transit operators to offer contactless payments, addressing the growing demand for safe fare collection technologies amid the COVID-19 pandemic. The ATLAS Ops solution supports diverse payment methods, including contactless cards and digital wallets. The certification aims to facilitate faster implementation for transit agencies, which can deploy recognized solutions to streamline fare collection and improve rider experience.
Conduent (Nasdaq: CNDT) announced a blanket purchase agreement with the Social Security Administration (SSA) to provide automated mailroom technology, enhancing the efficiency of disability claims processing. This agreement extends their support to the SSA, continuing services since 2003. Conduent processes about 570,000 pages daily with a 99.9% accuracy rate, helping manage increasing volumes of claims. The agreement includes options to extend until 2025, showcasing Conduent's commitment to improving operations for federal agencies and supporting millions of Americans.
Conduent (Nasdaq: CNDT) has partnered with Servicing Solutions to implement its Loan Manager application for consumer loan servicing. This SaaS solution aims to enhance efficiency for servicing operations, managing over 13 million loans and $120 billion in assets. Servicing Solutions chose Loan Manager for its cost-effectiveness and easy integration with existing systems. Both companies aim to improve customer experience through innovative technology and established best practices in the loan servicing industry.
Conduent Incorporated (Nasdaq: CNDT) has been recognized as a leader in Cloud-Based HR Transformation by NelsonHall in their 2020 NEAT Vendor Report. The report ranked Conduent as a 'Leader' across all five focus areas due to its technology-led services and global reach. It highlights the company's ability to reduce operating costs by up to 30% for over 300 clients, impacting more than 10 million users worldwide. Conduent's strong partnerships and proprietary platforms further enhance its service offerings in the competitive HR market.
Conduent Incorporated (Nasdaq: CNDT) announced participation in two significant virtual conferences for investors. Senior leaders, including CEO Cliff Skelton and CFO Brian Webb-Walsh, will engage in small group and one-on-one meetings during the 2nd Annual Needham Virtual FinTech & Digital Transformation 1X1 Conference on August 19, 2020, and Citi's 2020 Global Technology Virtual Conference on September 10, 2020. Investors can request meetings through designated sales representatives for insights into Conduent's operations and strategies.
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