Sopheon PLC Accolade Release 11.2
July 06 2017 - 1:00AM
RNS Non-Regulatory
TIDMSPE
Sopheon PLC
06 July 2017
SOPHEON PLC
("Sopheon" or the "Company")
Sopheon's Accolade 11.2 Introduces New Analytics Capabilities to
Enable Actionable Insights
Sopheon, the international provider of software, expertise, and
best practices for Enterprise Innovation Management, announces
today the latest version of its Accolade(R) Enterprise Innovation
Management (EIM) solution.
'Good' decisions are based on the availability of 'good'
information - having meaningful, trusted and current data at your
fingertips at the moment you need it. Business leaders driving
decision-centric processes should be drawing on comprehensive
information that is generated internally as well as gleaned from
outside the company. Sopheon has long focused on surfacing relevant
and timely information to support better, faster decisions; with
the release of Accolade version 11.2, Sopheon offers new analytic
and knowledge discovery capability to more proactively manage risk
and create breakthrough innovations with increased efficiency. The
new capability - named Accolade Insights - offers a range of
benefits.
Further Connecting the Enterprise
Speed to informed decisions, critical in a fast-moving, digital
business environment, depends on data that is timely, accurate,
situationally aware and actionable. Accolade Insights automatically
leverages and connects internal and external data sources to
proactively consolidate and serve up intellectual 'assets' at the
point a decision needs to be made. These assets include relevant
experts and expertise, learnings from past work, and external
macroeconomic changes impacting critical assumptions underpinning
business forecasts and key performance indicators.
Pre-empting Risk and Improving Accuracy of Business
Forecasts
Accolade Insights was designed to help companies leverage
internal data in combination with macroeconomic and other external
factors for real-time monitoring of the health status of products,
portfolios and projects, including the business case assumptions
impacting accuracy of revenue and profit forecasts. This is equally
applicable to the management of new product introductions,
in-market products, product lines and market segments.
When shown a preview of this functionality, a $14 billion
industrial manufacturing customer stated: "Some time ago we had
what we thought was a great innovation, but the macroeconomics
shifted in the middle of our product development cycle. In the end
we went to market with a product that failed because we didn't
proactively adjust to the shift. Had I had this early visibility of
the business case impact of the market dynamics, it would have
saved us millions of dollars."
Stimulating Innovation & Improving Efficiency through
Proactive Knowledge Reuse
Many companies encounter redundancy of innovation effort. They
waste time and money on duplicating work that has been done before;
recreating experience that has been 'lost' when key employees have
left, repeating the same mistakes project after project because
lessons learned are not codified and shared; or not being aware of
technology or other developments that could be reused to shorten
the time required to develop breakthrough innovations. Accolade
automatically captures cross-functional work activity and work
product, which become a rich asset for reuse.
One long-standing Sopheon customer proudly relates how a
breakthrough technology developed by a packing business unit to
retain freshness in bags of crisps, was successfully reused for
entirely different applications in aero and auto by another
division, generating millions in new revenue. The 'discovery' of
the technology that was reused was enabled through Accolade.
Sopheon's CEO Andy Michuda, said: "Sopheon has long focused on
making relevant and timely information available to support better,
faster decisions. Accolade 11.2 automatically leverages and
connects internal and external data sources through Accolade
Insights, allowing customers to proactively manage risk and create
breakthrough innovations with more efficiency."
Sopheon(R) and Accolade(R) are trademarks of Sopheon
For further information contact:
+ 44 (0)
Barry Mence, Chairman 1276 919
Arif Karimjee, CFO Sopheon plc 560
Carl Holmes / Giles Rolls
(corporate finance)
Mia Gardener (corporate + 44 (0)
broking) finnCap Ltd 20 7220 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 200 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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