Case Study: Cytec Industries boosts earnings and market share with pVelocity's profitability and cost simulation software

How pVelocity Helped Cytec Increase Earnings & Market Share of its Most Profitable Product Lines

Cytec Industries, a global specialty chemicals and materials company, faced challenges making informed business decisions due to limited access to operating and financial information across its disparate ERP systems. Business managers were unable to effectively analyze product and customer profitability or accurately adjust pricing in response to extreme fluctuations in raw material costs, which was taking a toll on earnings. The vendor pVelocity addressed this with its profitability and cost simulation software.

The pVelocity solution connected Cytec's multiple ERP systems to provide one consistent method of analysis, giving managers instant access to advanced simulation capabilities. This enabled faster, more informed decision-making and the use of collaborative tools to build consensus. As a result, pVelocity helped Cytec increase earnings and market share for its most profitable product lines by allowing them to manage through difficult economic conditions and volatile material costs.

Cytec Industries

David Lilley

President & Chief Executive Officer