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
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.