Cox Enterprises Selects Clarus to Power Its e-Procurement Initiative.Business Editors ATLANTA--(BUSINESS WIRE)--April 06, 2001 Clarus eProcurement(TM), Clarus View(TM) and Clarus eTour(TM) Deliver Speed, Agility and Ease of Integration to Media Conglomerate Clarus Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CLRS CLRS Center for Labor Research and Studies CLRS Central Launch and Recovery Section CLRS Claims Legal Research System ), a leading business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) commerce solution provider for large to medium-sized enterprises (LME See London Metal Exchange. LME See London Metal Exchange (LME). ), today announced an agreement with Cox Enterprises Cox Enterprises is the successor to the publishing company founded in Dayton, Ohio, by James Middleton Cox, who began with the Dayton Daily News. The company is private, 98% controlled by the octogenarian daughter of Cox, Anne Cox Chambers, and the two children of her late to provide an enterprise license for Clarus eProcurement(TM), Clarus View(TM) and Clarus eTour(TM). The application suite will enable Cox to automate its procurement cycle, integrating buying standards and harnessing the purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. of each of its five independent business groups, including Cox Communications Cox Communications is a privately owned subsidiary of Cox Enterprises providing digital cable television and telecommunications services in the United States. It is the third-largest[2] cable television provider in the United States, serving more than 6. , Cox Newspapers, Cox Broadcasting, Cox Interactive Media and Manheim Auctions Manheim Automotive Services is the largest and highest volume wholesale automobile auction company in the world. As a subsidiary of Cox Enterprises, Inc., Manheim provides services including financing, title work, transportation, recovery, auto body repair, dealership management . Clarus(TM) products are designed to match the most complete, cost-effective, value optimizing answers to today's most challenging LME business needs--all with unsurpassed speed to results and predictable implementation. Clarus participated in a rigorous review process and was selected based on several distinguishing factors, including a solid understanding of Cox's business needs. Other selection criteria included product flexibility, ability to integrate smoothly with a number of disparate financial applications, the intuitive nature of the product suite that fosters ease of use, and commitment to the Microsoft platform. Cox's ultimate goal is to reduce the costs associated with procuring goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. across its business units by making it more efficient for buyers and sellers to transact business online. Additionally, Cox business groups expect to gain significant savings related to their collective buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. , while the flexibility of the Clarus solutions will enable them to maintain control over their respective business rules. "Clarus was extremely responsive during our evaluation process and worked to help us determine the optimum business solution to meet our corporate and business unit needs," said Mike Mannheimer, vice-president, Materials Management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, for Cox. "Clarus helped to demonstrate the flexible capabilities of its software and also to outline a plan for deploying its solutions in an outsourced Application Service Provider (ASP) environment to insure our ability to provide the highest level of support to our individual companies." Clarus eProcurement provides global procurement management, requisitioning, user driven business controls, and automated workflow for routing and approvals. The application will allow the Cox business units to customize purchasing controls according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. individual operational environments to control spending, while reducing process costs and increasing vendor discounts through consolidation of spend. Clarus eProcurement enables transactions across multiple languages, currencies and other payment barriers, with no transaction fees or disclosure of confidential trading data. Clarus View gives executives, business managers, and purchasing professionals the ability to immediately access spending trends, supplier performance, and internal purchasing processes, leveraging e-commerce for improved control over operational resources. Clarus View's analytical solution offers both speed and vision that other providers do not match. "With its diverse business units and purchasing needs, Cox Enterprises required a solution with flexibility, integration and analytical capabilities that preserves individual business cultures while leveraging the benefits of collective spending power The power of legislatures to tax and spend. Spending power is conferred to state and federal legislatures through their constitution. Judicial Review of legislative spending varies from state to state, but the law of federal spending informs courts in all states. , " said Steve Hornyak, executive vice president and Americas general manager for Clarus. "This flexibility allows for substantial business efficiencies to benefit the individual business units, the corporate entity and its suppliers alike." Cox will also utilize Clarus eTour, a multi-sensory web-based training (WBT See Windows-based terminal. ) tool to help support its plans to roll out the Clarus solutions to its many sites in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . eTour provides online training and support capabilities that are designed to reduce the human resource demand inherent in supporting a typical enterprise system deployment. The Clarus solutions are built to take advantage of the latest Microsoft technologies to deliver reliability, scalability and cost performance advantages essential for e-commerce solutions. Cox Enterprises, a Microsoft enterprise customer, recognized this commitment to a single platform as an added advantage delivered with the Clarus solutions. About Cox Enterprises Cox Enterprises is one of the nation's leading media companies and operators of automobile auctions. Major operating subsidiaries include Cox Communications, Inc. ((NYSE NYSE See: New York Stock Exchange : COX) cable television distribution, telephone, high-speed Internet access and other advanced broadband services); Cox Newspapers, Inc. (newspapers, local and national direct mail advertising and customized newsletters); Cox Television (television, television sales rep firms and research); Cox Radio, Inc. ((NYSE: CXR CXR abbr. chest x-ray CXR, n chest x-ray; an image of the thoracic cavity, produced by an irradiation scan of the upper torso. ) broadcast radio stations and interactive web sites); Manheim Auctions, Inc. (vehicle auctions, repair and certification services and web-based technology products); and Cox Interactive Media, Inc. (a network of Internet city sites). Cox Enterprises also owns an equity stake in a range of Internet businesses, including AutoTrader.com, the world's largest and most visited online source of vehicle listings for dealers and consumers. About Clarus Atlanta-based Clarus Corporation (www.claruscorp.com; NASDAQ: CLRS), a leader in business-to-business (B2B) e-commerce, provides B2B procurement software and trading services that exploit the global marketplace of the Internet to manage corporate purchasing and enable digital marketplaces. Clarus solutions provide a complete online procurement solution from sourcing to procurement to payment settlement. Clarus delivers open, interoperable software solutions designed to make transacting business online more efficient for its customers. Clarus solutions are built on the latest Microsoft technology platforms and were recognized for technology excellence by being named the Microsoft Global eCommerce Solution of the Year. Clarus solutions are being deployed at customer sites including Burlington Northern Santa Fe Corp., Comcast Corporation, Gjensidige NOR, MasterCard International, MetLife, Parsons Brinckerhoff, Smurfit-Stone Container Corp. and Wachovia Corp. THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE EXCHANGE ACT. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF CERTAIN RISKS INCLUDING THAT THE BENEFITS EXPECTED BY THE COMPANY AS A RESULT OF THIS ANNOUNCEMENT MAY NOT OCCUR. Clarus, Clarus eProcurement, Clarus View, and Clarus eTour are trademarks of Clarus Corporation. Throughout this release, software and hardware products are mentioned by name. In most if not all cases, these product names are claimed as trademarks by the companies that manufacture the products. It is not our intention to claim these names or trademarks as our own. |
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