Fair Price on Every Line Item. Independent Benchmarks with No Agenda.
Knowing what things cost in B2B procurement should not be difficult. It is, because distributors and resellers have a commercial interest in keeping organisations uncertain about market pricing. Borong built MIDAS from the only position that makes genuine transparency possible: a business model with nothing to hide.
Why Price Transparency Is So Rare in B2B Procurement
In consumer markets you can compare a product across retailers in seconds. B2B procurement does not work that way. Pricing is negotiated bilaterally, varies by relationship and order volume, and is deliberately opaque. Distributors do not publish their margins.
The opacity is not accidental. It is commercially necessary for anyone earning margin on the gap between wholesale cost and retail price: showing you a genuine benchmark means showing you your own markup.
So even well-resourced teams cannot tell whether their negotiated prices are market rates. They fall back on industry surveys months out of date, informal peer intelligence, or benchmarks self-reported by the suppliers they are evaluating.
MIDAS: How Neutral Benchmarking Works
MIDAS is Borong's AI-powered price benchmarking and spend intelligence engine. It analyzes procurement transaction data to produce objective, continuously updated benchmarks for the categories your organisation buys regularly.
Line-Item Price Benchmarking
MIDAS compares your actual purchase prices against benchmarks drawn from real network transaction data for the same or comparable products, giving procurement and finance a clear signal of whether costs sit at market or above the benchmark range.
Ahead of a renegotiation, that is concrete evidence of where your pricing sits above what comparable buyers pay. You enter the supplier conversation with data, not intuition.
Cost Leakage Detection
Not all above-market spending comes from poor negotiation. Some is simply purchases that should have been made at a contracted rate and were not: an off-catalog order, a supplier charging above the agreed price, an invoice error nobody caught.
MIDAS catches these automatically, checking incoming purchase orders and invoices against your contracted rates and approved catalog pricing in real time. Deviations surface immediately, not in a month-end report after the payment has cleared.
Category Spend Analytics
MIDAS aggregates purchasing data across your organization into a category-level view: spend by category, trends over time, supplier concentration and distribution. That is the foundation for strategy conversations that cannot happen while spend sits fragmented across disconnected systems.
What Makes MIDAS Benchmarks Trustworthy
A benchmark tool is only as reliable as the interests of whoever runs it. One operated by a distributor is calibrated to tell you the price is fair, because telling you otherwise costs revenue.
MIDAS runs on a different basis. Borong does not buy or resell, and earns no margin on the goods passing through. When MIDAS flags above-benchmark pricing or off-contract spend, we have no financial reason to soften it.
That independence is a structural fact of the business model, and it is what separates MIDAS from any tool run by a platform with a stake in your procurement outcomes.
What You Can Do With Real Price Intelligence
- Enter contract renegotiations with market-grounded evidence of where current pricing is above benchmark
- Catch cost leakage before month-end reporting and recover credits on above-benchmark or off-contract purchases
- Build the business case for procurement investment by quantifying what better visibility and contract compliance would save
- Hold distributed teams accountable by showing department heads where their purchasing deviates from contracted rates
- Report procurement performance to finance committees and boards with evidence rather than narrative
MIDAS for Procurement Teams vs. Finance Teams
Procurement uses MIDAS for price and performance monitoring, renegotiation prep, and spotting off-catalog purchasing. Line-item benchmarking and deviation detection give managers the granularity to enforce compliance across decentralized buying.
Finance uses it for budget tracking, quantifying cost leakage, and audit prep. Category spend analytics and one-click audit export give the consolidated reporting behind financial statements and audit committee papers.
Both work from the same data on the same platform, which ends the version-control problem of two teams keeping separate and inconsistent records of the same spend.
Ready to See What Your Procurement Is Actually Costing You?
Stop relying on opaque distributor pricing and outdated industry surveys to manage procurement costs. Connect with a Borong solutions specialist to see how MIDAS can provide your organization with the price intelligence it needs.