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Organizations world over are resorting to cost savings techniques and this has given an impetus to web-based sourcing and electronic procurement that could reduce purchase generating costs by 60 percent. Toward this end, the Irish Government Health Services Executive's (HSE) has selected Northcore Technologies' integrated sourcing and procurement solution.

A provider of enterprise level software products and services, Northcore Technologies claims that its web-based Asset Buyer will help support HSE's initial online acquisition pilot.

Asset Buyer is web-based and is quick to implement. It helps organizations automate the procurement process and streamlines buying activities. In addition, it enhances tracking of assets and products and ensures a fast ROI. It also supports multiple e-tender formats and provides the best after-sales support.

By making it easier to manage supplier lists and select vendors that need to be notified, Northcore claims that the Asset Buyer greatly reduces the amount of time spent in creating new tenders. As a result, the procurement process is accelerated, tender creation costs are reduced and there is improved efficiency.

Staff from HSE and Northcore worked alongside each other in a focused manner to configure the Asset Buyer to suit HSE's requirements. HSE also used the platform to buy a large volume of health care supplies for multiple regions.

Northcore's comprehensive platform for the management of capital equipment assets are effective and proven and are being used by some of the world's most successful corporations.

Its advanced reporting capabilities, multiple sourcing and purchasing formats and procurement solutions It has earned the trust and loyalty of customers from a wide range of organizations across many different industry sectors.

In other news, Northcore Technologies, a global provider of asset management and social commerce solutions announced the contract renewal of a strategic client. The client is an industry leader in the field of material handling and has been an early adopter of the Northcore holistic re-marketing toolset.