Maxager Helps Chemical Companies Degussa and Millennium Improve Profitability |
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Maxager Technology, Inc.
2173 E. Francisco Blvd.
San Rafael, CA, 94901
USA
Press release date: April 10, 2007
Velocity-driven solution leverages existing ERP systems to help leading chemical companies make decisions that significantly increase profits
San Francisco, Calif. - 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.
Media Contact: Aimee Quemuel 415-753-9005 aimee@ventajacom.com
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