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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.”