Sopheon PLC Accolade Release 12.2
January 17 2019 - 2:00AM
RNS Non-Regulatory
TIDMSPE
Sopheon PLC
17 January 2019
SOPHEON PLC
("Sopheon" or the "Company")
Sopheon Releases Solution for Successful Execution of
Strategy
Accolade 12.2 introduces new levels of transparency, flexibility
and governance to connect corporate strategic initiatives with
operational execution
Sopheon, the international provider of software, expertise, and
best practices for Enterprise Innovation Performance, today
released the latest version of its Accolade(R) Enterprise
Innovation Management (EIM) solution that goes further than ever
before to support the successful implementation of corporate
strategy.
With the growing number of companies in the midst of a business
transformation in response to the digital economy and its dynamic,
highly disrupted markets, addressing the low rate of success in
realizing strategy has become more critical than ever. Research has
shown that only 13% of companies realize their strategy(1) , and
only 56% of strategic initiatives are considered successful.(2)
"Companies that do not adopt more interconnected and adaptable
operating models will not remain viable in today's new business
landscape driven by digital disruption," said Sopheon CEO Andy
Michuda. "Most companies have some form of digital transformation
or other strategic corporate initiatives underway, but many are
failing to execute on these successfully. We see a lack of
corporate-wide understanding of, and alignment around, strategic
priorities to be a primary cause. This is complicated further by a
lack of connection and transparency between the corporate entity
and the operational execution teams resulting in poor or incomplete
data for strategy decision making."
Sopheon's latest software release strengthens the linkage of
strategy and execution. Accolade allows an organization to connect
its strategic initiatives with operational execution activities. It
does this by giving the company a single version of the truth - to
increase strategy realization rates, improve transparency and
visibility, reduce the latency time for decision making, and
optimize investment and human resources to the most important and
strategic activities of the organization:
Richard Herd, Director of Program Management Tools, Strategy
& Deployment at longstanding Sopheon customer, Honeywell, has
said of the new release: "Honeywell is excited by Accolade's
advances in support of enterprise adaptability, segmentation and
product execution. The enhancements in Accolade 12.2 will help us
navigate change more effectively as an organization, and streamline
our daily work on a team and personal level so we can move the
business forward more quickly."
1 Daniel F. Prosser, 2015
2 The Economist
For further information contact:
Barry Mence (Chairman) + 44 (0) 1276 919
Arif Karimjee (CFO) Sopheon plc 560
Carl Holmes/Giles Rolls (Corporate
Finance) + 44 (0) 20 7220
Alice Lane (ECM) finnCap Ltd 0500
About Sopheon. Sopheon (LSE: SPE) partners with customers to
provide complete enterprise innovation management solutions
including software, expertise, and best practices, that enable them
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 250 customers with over
60,000 users in over 50 countries. Sopheon is listed on AIM,
operated by the London Stock Exchange. For more information, please
visit www.sopheon.com.
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