New Capabilities Increase the Speed of Innovation Management Processes for Faster Time-to-Market and First Mover Advantage
MINNEAPOLIS and LONDON—January 21, 2016—Sopheon, the international provider of software, expertise, and best practices for Enterprise Innovation Performance, announced today the latest version of its Accolade Enterprise Innovation Management (EIM) solution.
Accelerated innovation velocity: Time is money. Creating new technologies and bringing new products to market more quickly means increased profits and revenues. Advanced automation and smart workflows in Accolade release 10.2 reduce the amount of manual intervention required for innovation processes to keep moving forward at pace, and enhance the flow of communication and collaboration across even highly dispersed work teams.
A Sopheon customer—a multi-billion dollar chemical company and early reviewer of Accolade release 10.2—plans to significantly reduce time-lags and human error in the decision-making process by having their Accolade system automatically move projects to the next stage in the development cycle. These migrations will be triggered when pre-defined key performance indicators are met and/or when all relevant stakeholders have given approval in Accolade.
More focused and efficient user experience: This release is another step forward in raising the industry standard on user engagement in the innovation process by integrating critical documents, information and data into core innovation workflows, enabling knowledge workers to do their work easily and with less effort.
According to Don Sarno, Sopheon’s Chief Operating Officer.
“CEOs understand that speed-to-market and agility are competencies critical to surviving in the new norm of competitive markets. With Accolade release 10.2, we continue to provide a tight alignment and personal connection between team member activities and company value, in addition to reducing wasted cycles from the top of the organization to the front line.”
Accolade release 10.2 is available immediately for purchase and implementation. All Sopheon Accolade customers who are current on Maintenance and Support program fees are entitled to receive updates to their currently licensed products for this and future release upgrades at no additional cost.
Sopheon partners with customers to provide complete Enterprise Innovation Performance solutions including patented software, expertise, and best practices to achieve exceptional long-term revenue growth and profitability. Sopheon’s Accolade solution provides unique, fully-integrated coverage for the entire innovation management and new product development lifecycle, including strategic innovation planning, roadmapping, idea and concept development, process and project management, portfolio management, and resource planning. Sopheon’s solutions have been implemented by over 200 customers with over 60,000 users in over 50 countries. Sopheon is listed on the AIM Market of the London Stock Exchange.