Product
The Benchmark is a quarterly report that reads every invoice a multifamily property paid in the quarter, down to the line item, the SKU, and the product itself. Our own search engine then prices each of those products against the wider market and our strategic suppliers. The report tells you what you paid, what it should have cost, and where to buy it instead.
$22,546
Average annual savings discovered per property, across a sample averaging 200 units
451%
Average return on product investment, or 4.51x
Most cost exercises work from budget categories, which is why they keep finding the same nothing. The Benchmark works from the invoices themselves. Every line on every invoice for the quarter is read down to its SKU and identified as an actual product, which is the only level at which a price can be compared to anything.
Each identified product is run through our own search across the open market and our strategic suppliers, looking for the same item at a lower price. The output is a price you can go and pay today, from a source we name. That is a different thing from a benchmark saying comparable properties spend less, which no purchasing manager can act on.
Two rankings lead it: the twenty items the property bought most often, and the twenty items it spent the most on. Each one shows whether the price paid was the best available price, and where it was not, a link to the better priced item. The gap between the two columns is the quarter's recoverable spend.
The report closes on two numbers. The first is what the quarter under review would have cost had the better prices been used, which is a settled figure rather than a projection. The second carries that forward: if the strategy holds for the rest of the year, what the property saves against its own historical spending rate.
Nothing about the purchasing process changes and there is no system to adopt. The property keeps its own vendors, its own approvals, and its own platform. The report simply tells the people already doing the buying where the same product costs less.
Included
Onboarding report
The first report covers the previous calendar year, so the baseline is a full year of real spend rather than a single quarter.
Quarterly reporting
A new report every quarter for one year, each one built from that quarter's invoices.
Committed support
Team training and one-on-one sessions for anyone using the report, plus ongoing customer support for as long as you hold the product.
Money-back guarantee
If we do not find at least the amount you invested in potential annual verified savings for a property, you get your money back. Terms and conditions apply.
Benchmark Search
Included at no extra cost once it is released.
It reads every invoice a property paid in the quarter down to the line item and SKU, identifies the actual product on each line, then searches the open market and our strategic suppliers for the same product at a lower price. Where a lower price exists, the report links to it.
The twenty most frequently purchased items and the twenty most expensive items for the quarter, each showing whether the price paid was the best available. Where it was not, the report links to the better priced item, totals what the quarter should have cost, and projects the savings if the strategy holds for the rest of the year.
No. The property keeps its own vendors, approvals, and property management platform. The Benchmark is a report, not a system, and it works from invoices your team already produces. Acting on any individual recommendation is always your call.
If we do not discover at least the amount you invested in potential annual verified savings for a property, you get your money back. Terms and conditions apply, and the guarantee is assessed per property.
Every quarter for one year. The onboarding report comes first and covers the previous calendar year, so the baseline is a full year of spend rather than a single quarter.
Across the properties we have run, the average annual savings discovered is $22,546 per property, and the average property in that sample is 200 units. The average return on the product investment is 451%. What any single property recovers depends on its spend and how much of the report it acts on.
Send us a quarter of invoices and we will show you what it should have cost. If there is nothing there, we will tell you that too.
