Saudi Telecom Company (STC), the largest telecommunications provider in Saudi Arabia, has selected Virinchi to provide "Automated Vendor Management Solutions". The solution will help STC streamline the procurement and contracting of assets, supplies, material, services and works.

“Automated Vendor Management Solution” is intended to maximize the efficiency and effectiveness of the Procurement Process in general and Vendor Management Process in Particular. Virinchi’s Vendor Management Solution, a member of the Virinchi Enterprise E-business Product Portfolio, automates collaboration and contract/purchasing information exchange between STC and its vendors and provides for creation and management of tools to manage vendors more effectively. The solution also enables STC to set up new vendors quickly, collaborate with all their vendors electronically, and create scorecards for qualifying and selecting and evaluating vendors.