Maxager Helps Chemical Companies Degussa And Millennium Improve Profitability

San Francisco, CA - Maxager, provider of velocity-driven enterprise profit optimization solutions, recently 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."

SOURCE: Maxager Technology