RCS - Sopheon PLC - New Release Drives Business Transformation

SopheonAnnouncement

13/07/2021 07:00

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RNS Number : 9905E  Sopheon PLC  13 July 2021

SOPHEON PLC

("Sopheon" or the "Company")

 

Sopheon Drives Business Transformation with New Accolade Release

 

Industry-leading innovation management platform connects corporate strategy to
portfolio planning and execution processes, resulting in deeper insights and
faster time-to-action

 

Sopheon, the international provider of software, expertise and best practices
for enterprise innovation management
(https://www.sopheon.com/?utm_source=PressRelease&utm_medium=Press&utm_campaign=PR-Gen)
,

today announced the latest release of Accolade, the industry-leading
enterprise innovation management solution. At the heart of any digital
transformation, companies of all sizes embark on critical innovation and
product programs requiring product professionals to reduce risk and speed time
to market.  Today's Accolade's release helps organizations achieve this in
several critical ways.

 

Clearer visibility into Innovation management and product development
activities

 

Clearer visibility starts with having complete information on your innovation
and product programs requiring information such as financial results,
forecasts, and project information contained in other systems. This release
adds powerful integration capabilities enabling off-the-shelf integration with
over 100+ third-party systems like Atlassian Jira, Salesforce, and SAP.
Accolade minimizes the delays and mistakes that many innovation and product
programs face by enabling clear visualization and accurate reporting.
Enhancements featured in this release further enable stakeholders to make
informed and timely decisions, reduce the time spent on reporting and
analysis, and give users a faster path to uncovering critical insights.

 

Greater alignment between projects, programs, and product portfolios

 

Accolade helps innovation and product professionals quickly, easily, and
efficiently execute next steps confidently and enjoy the value achieved from
product portfolios and products. As a result, product professionals can gain
valuable insights into innovation projects and portfolios, uncover trends,
identify issues before they escalate, and effectively course-correct problems
throughout the product life cycle.

 

Richer user experience

 

The latest release of Accolade features a new Rich Text formatting of
information and the ability to conditionally show data and other improvements
as part of an improved user experience by reducing reliance on external
documents. Rich Text provides non-textual information within projects and
portfolios and makes it easier to create, link, and label different items
needed to support products, programs, and projects. The solution also expands
and simplifies search functionality and adds flexibility for showing and
hiding information based on specific conditions. The culmination of these
improvements gives Accolade users greater access to the information they need
when they need it.

 

Easier User Feedback Capabilities

 

This release of Accolade introduces a complete product enhancement system that
simplifies user feedback and empowers Sopheon's worldwide user community. This
new feature replaces manual processes and widens the range of users within an
organization that can provide valuable feedback for Sopheon to address issues,
enhance popular features for future revisions, and help the company envision
innovative new features that address the changing landscape of portfolio,
product, and project management.

 

"Accolade gives product professionals at all levels the edge they need to make
the most informed, accurate, and timely decisions, regardless of the
challenges they face," said Michael Bauer, Chief Product Officer of Sopheon.
"From microprocessor shortages to supply chain delays and myriad other product
development obstacles, product planning and execution is often unpredictable.
It's imperative that all stakeholders are on the same page and have access to
timely data. With just the click of a button, Accolade provides a real-time
view of an organization's products, programs, and projects. Coordination among
all stakeholders results in more successful product campaign outcomes, and it
often ignites a spark for future innovation."

 

For further information contact:

 Andy Michuda (Executive Chairman)              Sopheon plc  + 44 (0) 1276 919 560

Arif Karimjee (CFO)
 Carl Holmes/Edward Whiley (Corporate Finance)  finnCap      + 44 (0) 20 7220 0500

 Alice Lane (ECM)

 

Sopheon and Accolade are trademarks of Sopheon plc. All other trademarks are
the property of their respective owners.

About Sopheon. Sopheon (LSE: SPE) partners with customers to provide complete
enterprise innovation management
(https://www.sopheon.com/?utm_source=PressRelease&utm_medium=Press&utm_campaign=PR-Gen)
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
(http://www.sopheon.com) .

 

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