Corinthian Colleges, Inc. (NASDAQ: COCO), one of the largest
post-secondary education companies in North America, is
transitioning its procurement operations to cloud computing, using
technology from Ariba, Inc. (NASDAQ: ARBA), the world’s business
commerce network. Once implemented, the new system will allow
Corinthian to more efficiently manage the entire spectrum of
procurement activities, from sourcing and orders to invoice and
payment.
“Corinthian has consistently invested in technology to enrich
and expand its course offerings,” said David Beaver, Vice President
of Procurement and Supply Chain, Corinthian. “By applying the same
principles to our procurement operations, we can improve our
overall operational performance.”
To achieve its goals, Corinthian will use Ariba®
Procure-to-Pay™. Delivered on-demand, Ariba Procure-To-Pay combines
the functionality of Ariba Buyer™, Ariba Invoice™, and Ariba
Settlement™ in a single, integrated solution to help companies
automate, improve, control and monitor procurement to realize
immediate process efficiencies and cost savings.
“Last year, our Procurement and Sourcing team delivered
significant savings using a disciplined strategic sourcing
process,” said Ken Ord, Chief Administrative Officer, Corinthian.
“With Ariba’s solutions in place, we can increase these savings
over time.”
Corinthian will use Ariba Procure-to-Pay to create catalogs
through which goods and services can quickly and easily be
purchased from preferred vendors at contract prices by employees at
any of its 120 locations. And it will use the Ariba® Network to
more efficiently connect and collaborate with key trading partners
around key processes such as invoicing and payment.
“Collaboration is key to successful sourcing,” Beaver added.
“Through Ariba, we can quickly and easily enable our suppliers to
do business with us electronically regardless of the platform they
may be using. And this will ultimately enhance our efficiencies and
the results we can deliver.”
The Ariba Network is the most-efficient, effective, and
universally adopted platform for global commerce between businesses
and contains everything that’s needed to drive it, including:
- Market-leading applications for Spend
Management, Collaborative Finance Management, and Sales
Acceleration Management – all delivered as scalable, cost-effective
and burden-free cloud-based services
- The world’s largest Web-based trading
community, empowering global businesses to discover, connect, and
collaborate for better commerce
- Ariba Exchange, the industry-leading
customer community where companies can network, share best
practices, and collaborate with partners and peers
- Market, technical, strategic and other
expert capabilities that can be accessed on-site or remotely via
the Web as needed to support ever-changing business needs and
objectives
“Corinthian has strengthened its educational offerings through
the use of technology,” said Tim Minahan, Chief Marketing Officer,
Ariba. “In embracing Ariba as its platform for procurement, the
company can optimize its cost structure while continuing to deliver
the quality programs that its students have come to expect.”
About CorinthianCorinthian is one of the largest
post-secondary education companies in North America. Our mission is
to change students' lives. We offer diploma and degree programs
that prepare students for careers in demand or for advancement in
their chosen fields. Our program areas include health care,
business, criminal justice, transportation technology and
maintenance, construction trades and information technology. We
have 122 Everest, Heald and WyoTech campuses, and also offer
degrees exclusively online. For more information, go to
http://www.cci.edu/.
About Ariba, Inc.Ariba, Inc. is the world’s business
commerce network. Ariba combines industry-leading cloud-based
applications with the world's largest web-based trading community
to help companies discover and collaborate with a global network of
partners. Using the Ariba® Network, businesses of all sizes can
connect to their trading partners anywhere, at any time from any
application or device to buy, sell and manage their cash more
efficiently and effectively than ever before. Companies around the
world use the Ariba Network to simplify inter-enterprise commerce
and enhance the results that they deliver. Join them at:
www.ariba.com
Copyright © 1996 – 2012 Ariba, Inc.Ariba, the Ariba logo,
AribaLIVE, Ariba.com, Ariba.com Network, Ariba Spend Management.
Find it. Get it. Keep it. and PO-Flip are registered trademarks of
Ariba, Inc. Ariba Procure-to-Pay, Ariba Buyer, Ariba eForms, Ariba
PunchOut, Ariba Services Procurement, Ariba Travel and Expense,
Ariba Procure-to-Order, Ariba Procurement Content, Ariba Sourcing,
Ariba Savings and Pipeline Tracking, Ariba Category Management,
Ariba Category Playbooks, Ariba StartSourcing, Ariba Spend
Visibility, Ariba Analysis, Ariba Data Enrichment, Ariba Contract
Management, Ariba Contract Compliance, Ariba Electronic Signatures,
Ariba StartContracts, Ariba Invoice Management, Ariba Payment
Management, Ariba Working Capital Management, Ariba Settlement,
Ariba Supplier Information and Performance Management, Ariba
Supplier Information Management, Ariba Discovery, Ariba Invoice
Automation, Ariba PO Automation, Ariba Express Content, Ariba
Ready, and Ariba LIVE are trademarks or service marks of Ariba,
Inc. All other brand or product names may be trademarks or
registered trademarks of their respective companies or
organizations in the United States and/or other countries.
Ariba Safe HarborSafe Harbor Statement under the Private
Securities Litigation Reform Act 1995: Information and
announcements in this release involve Ariba's expectations,
beliefs, hopes, plans, intentions or strategies regarding the
future and are forward-looking statements that involve risks and
uncertainties. All forward-looking statements included in this
release are based upon information available to Ariba as of the
date of the release, and we assume no obligation to update any such
forward-looking statements. These statements are not guarantees of
future performance and actual results could differ materially from
our current expectations. Factors that could cause or contribute to
Ariba's operating and financial results to differ materially from
current expectations include, but are not limited to: the impact of
the credit crises on Ariba’s results of operations and financial
condition; delays in development or shipment of new versions of
Ariba's products and services; lack of market acceptance of Ariba's
existing or future products or services; inability to continue to
develop competitive new products and services on a timely basis;
introduction of new products or services by major competitors; the
impact of any acquisitions, including difficulties with the
integration process or the realization of benefits of a
transaction; the impact of our disposition, including the potential
disruption of our ongoing business; the ability to attract and
retain qualified employees; long and unpredictable sales cycles and
the deferrals of anticipated orders; declining economic conditions,
including the impact of a recession; inability to control costs;
changes in the company's pricing or compensation policies;
significant fluctuations in our stock price; the outcome of and
costs associated with pending or potential future regulatory or
legal proceedings; the impact of our acquisitions and dispositions,
including the disruption or loss of customer, business partner,
supplier or employee relationships; and the level of costs and
expenses incurred by Ariba as a result of such transactions.
Factors and risks associated with its business, including a number
of the factors and risks described above, are discussed in Ariba's
Form 10-K filed with the SEC on November 10, 2011.
Ariba (NASDAQ:ARBA)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Ariba (NASDAQ:ARBA)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
