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Maxager Helps Chemical Companies Degussa and Millennium Improve Profitability
Velocity-Driven Solution Leverages Existing ERP Systems to Help Leading Chemical Companies Make Decisions That Significantly Increase Profits
| Source: Maxager
SAN FRANCISCO, CA -- (MARKET WIRE) -- April 10, 2007 -- Maxager, the original provider of
velocity-driven enterprise profit optimization solutions, today announced
new chemical industry customers: Degussa (www.degussa.com) and Millennium
(www.millenniumchem.com). Rather than viewing profitability with the
traditional "margin only" approach, Maxager combines production speed data
with margin to generate a profit-per-minute metric. Being time-based, this
metric is directly linked to annual earnings and return on assets (ROA) and
its use typically offers chemicals and other manufacturers the opportunity
to increase in profits worth 3-5% of revenue.
A targeted business intelligence application focused on profit optimization
for complex manufacturers, Maxager's software-based service is quick and
easy to implement and provides powerful historical analysis, what-if
modeling, and variance analysis. Unlike systems which require the creation
of reports by expert users, Maxager helps business users understand
profitability and ROA in great detail -- by product, customer or market --
to ensure that everyday decisions in sales, marketing, finance and
production help maximize year-end profits and ROA.
"Since most chemical producers have by now made large investments in ERP
systems such as SAP, the data is available to be used by profit
optimization solutions like Maxager to identify significant profit gain
opportunities," said Michael Rothschild, founder and CEO of Maxager. "It is
exciting for us to be able to help leading chemical firms like Degussa and
Millennium understand the true sources of profitability in a way never
before possible, so that their managers can make decisions that will
increase profits and ROA for shareholders."
About Maxager Technology
Founded in 1996, Maxager's patented enterprise profit optimization (EPO)
solutions help leading chemicals, metals, electronics and other complex
manufacturers such as Dow Chemical, Owens-Illinois, Siliconware Precision
Industries, and WCI Steel increase cash and profit worth 3-5% of revenue.
Uncovering profit gain opportunities that are obscured by traditional
"margin only" analysis, Maxager uses both margin and production velocity
information to analyze history and generate realistic forward modeling that
provides management teams an entirely new level of control over Return on
Assets (ROA) -- the key driver of shareholder value.
Ideal for manufacturers with a wide range of products, customers and
assets, Maxager's unique technology calculates precisely how fast each
product, customer, or market generates cash and profit from the assets,
allowing managers to truly optimize product mix & customer mix
profitability, sales & profit planning, strategic pricing, and production
planning. New customers typically begin reaping benefits within 60 days.
Maxager is headquartered near San Francisco with offices in Europe and
Asia. For more information, visit www.maxager.com or call +1.888.MAXAGER.
©2007 Maxager Technology. All rights reserved. Maxager is a registered
trademark of Maxager Technology, Inc. All other trademarks are the sole
property of their respective owners.