Virinchi bags Saudi Telecom project

Hyderabad-based Virinchi Technologies, an e-business collaboration solutions provider, announced on Wednesday that Saudi Telecom Company (STC), the largest telecommunications provider in Saudi Arabia, has selected Virinchi to provide 'automated vendor management solutions'.

The automated vendor management solution will help STC streamline the procurement and contracting of assets, supplies, material, services and works.

Virinchi in a press release said that the automated vendor management solution is intended to maximise the efficiency and effectiveness of the procurement process in general and vendor management process in particular.

The company's vendor management solution, a member of the Virinchi enterprise e-Business product portfolio, automates collaboration and purchasing information exchange between STC and its vendors and provides for creation and management of tools to manage vendors more effectively.

The solution will also enable STC to set up new vendors quickly, collaborate with all their vendors electronically, and create scorecards for qualifying, selecting and evaluating vendors.

Viswanath Kompella, chairman and managing director of Virinchi Technologies Limited, said in a press release, "The project reaffirms Virinchi's strategic focus in the Middle East region. We are confident that the solutions will enable STC to offer new services and to derive significant business benefits."

According to him, STC awarded the project after a detailed evaluation on technical capabilities and commercial aspects of the solutions offered by various companies across the world.