MIDAS: AI Spend Intelligence and Price Benchmarking for Enterprise Procurement
MIDAS is Borong's AI-powered price benchmarking and spend intelligence engine. It continuously analyzes network transaction data to set market-based line-item benchmarks across core procurement categories, aligning purchasing costs to genuine market rates, flagging off-contract and above-benchmark spend in real time, and consolidating decentralized transaction data into one dashboard. For CPOs and finance teams, that is the visibility to manage costs and report procurement performance accurately.
Why Price Transparency Matters in B2B Procurement
Most enterprise procurement teams work with significant price opacity. They know what they pay their suppliers, but not whether those prices reflect genuine market rates. Distributors and B2B brokers have every incentive to keep it that way, because their profitability is the gap between what they pay and what you pay.
Without an independent benchmark, a team cannot tell whether its negotiated pricing is competitive, whether suppliers honour contract terms consistently, or where the largest savings sit. It falls back on its own market intelligence, usually out of date by renewal.
MIDAS provides continuously updated, market-based benchmarks derived from real transaction data, so you can validate whether procurement costs track current market rates and see where renegotiation or resourcing would improve value. Because Borong does not buy or resell, there is no commercial incentive to inflate or skew the numbers.
What MIDAS Does
AI-Powered Line-Item Price Benchmarking
MIDAS analyzes transaction data across the Borong network to set benchmarks for core categories including food and beverages, office stationery and cleaning supplies. Platform pricing tracks those benchmarks or pre-agreed contract rates, and anything outside the recommended range is reviewed before purchasing teams see it. You buy against already-benchmarked pricing, and purchase activity is compared back against benchmark so above-market items surface for review.
That is concrete evidence for renegotiation, invoice review and supplier performance conversations, updated continuously so it reflects current market conditions rather than historical averages.
Automated Cost Leakage Identification
Cost leakage takes several forms: purchases outside approved contracts, items ordered above the agreed rate, duplicate invoices, unauthorized substitutions. Manual auditing catches some, slowly, and usually only after the budget is already hit.
MIDAS automates this detection. It scans incoming purchase orders and invoices against your contract terms and catalog pricing in real time, flagging deviations immediately.
Granular Category Spend Analytics
For multi-entity organizations and government institutions buying across departments, branches and locations, consolidating spend data is a persistent problem. It sits in separate systems, different formats and isolated spreadsheets, and a unified view takes enough manual effort that it is out of date by the time it is ready.
MIDAS ingests transaction data from across your decentralized operations and normalizes it into clean, searchable categories in one dashboard. Procurement and treasury leaders see total spend by category, department, cost center, supplier or location without compiling anything, which makes for faster decisions and more accurate reporting upward.
Benchmark-Driven Pricing Assurance
MIDAS acts on pricing intelligence before a purchase is committed rather than after. Platform pricing tracks MIDAS benchmarks or contracted rates, and anything outside the recommended range goes through strict review before purchasing teams see it. Cost efficiency lands on the purchase itself rather than being recovered through retrospective audits.
MIDAS Is Built on a Conflict-Free Infrastructure
Spend intelligence is only as sound as the independence of the platform providing it. When a distributor or reseller offers analytics, its pricing recommendations are shaped by its own commercial objectives and its analysis is filtered through what is profitable for it to sell.
MIDAS operates differently because Borong does. As a platform facilitator that does not compete with sellers by buying or reselling, MIDAS has no commercial bias to protect. It gives objective benchmarks, flags off-contract purchases and reports pricing that reflects market conditions, because our business depends on procurement working well for everyone on the platform.
All data processed by MIDAS sits under strict multi-tenant encryption and separation. Your spend data, contract terms and purchasing history are never shared across organizations or used for anything beyond your own analytics.
What MIDAS Means for You
For Buyers
Purchasing teams buy at benchmark-aligned prices without researching market rates themselves. Every item on the platform is priced within the recommended benchmark range or a pre-agreed contract rate, with spend visibility across categories and alerts when a purchase falls outside contracted terms.
For Suppliers
Suppliers get a data-backed reference point for pricing competitively. Benchmarks come from real network transaction data, so you can see where your pricing sits against the market, hold competitive position, and build credibility with enterprise and government buyers who expect verifiable, market-aligned pricing.
Enterprise Integration and Data Security
- Native integration with SAP, Oracle, NetSuite, Coupa, and Microsoft Dynamics 365 for direct data ingestion from your ERP.
- Multi-tenant encryption architecture ensures complete data isolation between organizations.
- Audit-ready reporting: export clean data sets and compliance reports on demand.
- Role-based access controls, so different stakeholders see the data relevant to their function.
Ready to Capture Hidden Savings
Across Your Corporate Spend?
Stop relying on opaque pricing from traditional distributors and outdated manual audits to manage procurement costs. Connect with a Borong solutions specialist to see how MIDAS can provide your organization with the price intelligence and spend visibility it needs to reduce costs and improve procurement performance.
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