Sopheon PLC Accolade Release 11.1
23 February 2017 - 6:02PM
RNS Non-Regulatory
TIDMSPE
Sopheon PLC
23 February 2017
SOPHEON PLC
("Sopheon" or the "Company")
Sopheon's Accolade 11.1 Empowers
Enterprise Strategy-Execution Capability
Sopheon, the international provider of software and services for
complete Enterprise Innovation Management (EIM) solutions,
announces today the latest version of its Accolade(R) EIM
solution.
Operating in a dynamic, fast-paced business environment,
established market leaders are looking for ways to innovate at the
pace of small companies, while leveraging the scale advantages of a
larger organization. They are challenged to execute strategic plans
for digital transformation, speed and business agility in the face
of historically low rates of successful strategy execution.
Research by The Economist Magazine shows that on average only 56%
of strategic initiatives are considered successful(1) .
According to industry analyst Gartner, among the primary reasons
for the low success rate of strategic initiatives is poor
transparency to the goals of the strategy, and the inability to
ensure that everyone working on accomplishing those goals has
visibility to interdependencies and progress(2) . Gartner
recommends that companies strengthen capabilities such as
continuous, almost real-time decision-making, agility in response
to change, and multidirectional communication across the
organization(3) .
Dr. Steven Moskowitz, Senior Principal of Strategic Technology,
Innovation Management at Entegris, Inc. stated: "Dynamic
communication and dataflow through divisions, into business units
and across operations teams is something Entegris views as vital to
innovation. Increasing the visibility of plans and decisions is
just one of the ways that Accolade is supporting our organization's
aspirations."
Supporting the long-term success and relevance of customers is
the foundation of Sopheon's mission. Sopheon has been deeply
engaged with and committed to helping its customers increase their
business agility in the face of market disruptions. Accolade 11.1
includes capabilities and enhancements that ease communication of
the strategy, providing clear visibility to the connections between
high-level strategy and the underlying execution activities. These
capabilities connect organizational and functional silos, surface
meaningful connections and interdependencies, and increase user
engagement, ease of use and efficiency - further strengthening
process adoption and ensuring more informed, faster decision
making.
Andy Michuda, CEO of Sopheon, commented: "Many companies in the
market are challenged with communicating strategy across their
organization and as a result face a gap in alignment around
strategic goals, and low employee engagement. By closing this gap,
all stakeholders in the process can more clearly understand what
needs to be done, what role they play in making that happen, and
what interdependencies need to be managed. Thanks to collaboration
and input from our clients on the latest Accolade release, we
expect our customers to significantly increase their rate of
strategy realization."
(1) Why Good Strategies Fail: Lessons for the C-Suite The
Economist, 2013
(2) Market Guide for Enterprise PPM Software, Gartner, 2015
(3) Market Guide for Strategy Execution Software, Gartner,
2016
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
END
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