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 establish market-based line-item price benchmarks across core procurement categories. MIDAS allows organisations to align purchasing costs to genuine market rates, flag off-contract and above-benchmark spend in real time, and consolidate decentralized transaction data into a single spend intelligence dashboard. For CPOs and finance teams, MIDAS provides the visibility needed to manage costs with confidence and report on procurement performance accurately.
Why Price Transparency Matters in B2B Procurement
Most enterprise procurement teams operate with significant price opacity. They know what they are paying their suppliers, but they do not always know whether those prices reflect genuine market rates. Traditional distributors and B2B brokers have an inherent incentive to keep buyers in the dark about true wholesale pricing, because their profitability depends on the margin gap between what they pay and what you pay.
Without an independent benchmark, procurement teams cannot know whether the pricing they have negotiated is competitive, whether suppliers are honoring contract terms consistently, or where the highest-impact opportunities for cost reduction exist. They rely on their own limited market intelligence, which is typically outdated by the time contracts come up for renewal.
MIDAS solves this by providing continuously updated, market-based pricing benchmarks derived from real transaction data. MIDAS enables organisations to validate whether procurement costs are aligned to current market rates and to identify where renegotiation or sourcing changes could improve value. Because Borong is a platform facilitator that does not buy or resell products itself, this benchmark data is genuine. There is no commercial incentive to inflate or skew the numbers you see.
What MIDAS Does
AI-Powered Line-Item Price Benchmarking
MIDAS continuously analyzes transaction data across the Borong network to establish market-based price benchmarks for core procurement categories including food and beverages, office stationery, and cleaning supplies. Pricing on the platform is aligned to these benchmarks or pre-agreed contract rates, and any pricing outside the recommended range is reviewed before it is visible to purchasing teams. MIDAS allows organisations to purchase against already-benchmarked pricing, so cost efficiency is built into every transaction from the point of purchase. It also continuously compares purchase activity against benchmarks, flagging above-market items for review.
This gives procurement teams concrete, data-backed evidence for contract renegotiation, invoice review, and supplier performance conversations. Benchmark data updates continuously, so price intelligence reflects current market conditions rather than historical averages.
Automated Cost Leakage Identification
Cost leakage in procurement takes several forms: purchases made outside of approved supplier contracts, items ordered at prices above the agreed contract rate, duplicate invoices, and unauthorized product substitutions. Manual auditing processes catch some of these, but they are slow, labor-intensive, and typically identify problems only after the budget has already been affected.
MIDAS automates this detection. It scans incoming purchase orders and invoices against your contract terms and catalog pricing in real time, flagging deviations immediately. Your procurement and finance teams receive alerts when pricing does not match what was agreed, giving them the opportunity to resolve discrepancies before payments are processed rather than after.
Granular Category Spend Analytics
For multi-entity organizations and government institutions managing procurement across multiple departments, branches, or locations, consolidating spend data into a single coherent picture is a persistent challenge. Data sits in separate systems, different formats, and isolated spreadsheets. Building a unified view requires significant manual effort and is outdated by the time it is ready.
MIDAS ingests transaction data from across your decentralized operations and normalizes it into clean, searchable categories within a centralized dashboard. Procurement and treasury leaders can view total spend by category, department, cost center, supplier, or location without manual compilation. This real-time visibility enables faster decision-making and more accurate reporting to leadership and finance committees.
Benchmark-Driven Pricing Assurance
MIDAS allows organisations to act on pricing intelligence before a purchase is committed rather than after. Pricing on the Borong platform is aligned to MIDAS benchmark recommendations or contracted rates, and any pricing outside the recommended range goes through a strict review before it reaches purchasing teams. Every transaction is backed by validated market intelligence, and cost efficiency is realized in real time on every purchase rather than recovered through retrospective audits.
MIDAS Is Built on a Conflict-Free Infrastructure
The integrity of spend intelligence depends entirely on the independence of the platform providing it. When a distributor or reseller offers analytics tools, there is an inherent conflict of interest. Their pricing recommendations are shaped by their own commercial objectives. Their spend data analysis is filtered through a lens of what is profitable for them to sell.
MIDAS operates differently because Borong operates differently. Borong is a platform facilitator that connects businesses with suppliers and does not compete with sellers by buying or reselling products itself. This means MIDAS has no commercial bias to protect. It provides objective benchmarks, flags off-contract purchases, and surfaces pricing intelligence that genuinely reflects market conditions, because Borong's business depends on procurement working well for every organisation on the platform.
All data processed by MIDAS is subject to strict multi-tenant encryption and data separation frameworks. Your organization's spend data, contract terms, and purchasing history are never shared across organizations or accessed for any purpose outside of providing your team with analytics.
What MIDAS Means for You
For Buyers
MIDAS gives purchasing teams the confidence to procure at benchmark-aligned prices without needing to independently research market rates. Every item on the Borong platform is priced within the recommended benchmark range or a pre-agreed contract rate. MIDAS allows purchasing teams to access spend visibility across categories with alerts when purchases fall outside contracted terms.
For Suppliers
MIDAS gives suppliers a clear, data-backed reference point for pricing their products competitively. Benchmark recommendations are derived from real network transaction data, allowing suppliers to see where their pricing sits relative to the market. MIDAS enables suppliers to price with confidence, maintain competitive positioning, and build credibility with enterprise and government buyers who expect market-aligned, verifiable 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.