Accolade Release 10.3

RNS Number : 0318X

Sopheon PLC

04 May 2016

 

SOPHEON PLC

("Sopheon" or the "Company")

Sopheon Releases Accolade 10.3 to Enable Faster Corporate Change and Agility

Sopheon, the international provider of software, expertise, and best practices for Enterprise Innovation Management, announces today the latest version of its Accolade^® Enterprise Innovation Management solution.

Increased organizational agility and nimbleness: Many leading-edge organizations are transforming themselves to better compete, innovate and succeed in the fast-paced and consumer-driven digital marketplace by becoming more agile. This business agility often results in organizational change to the enterprise operating model, P&L structure, programs or portfolios. This requires the systems of record to be reset to mirror the changes. In practice, updating these systems is typically cumbersome and could require weeks of manual re-alignment, with the results prone to human error. New capabilities in Accolade 10.3 simplify and automate the management of the complex relationships and connections between business units, portfolio structures, data sources and metrics. When needed, Accolade 10.3 quickly and painlessly restructures the entire data model system, avoiding delays in implementing operational changes, increasing an organization's ability to meet changing business needs, and eliminating the errors inherent with manual realignments.

Increased flexibility to work the way you want: Managing knowledge work includes following processes for good governance and program management. Automated systems, however, can inadvertently introduce rigidity into business process. To be nimble, organizations need software that works the way they want and doesn't act as a corporate 'straight-jacket'. New and enhanced features in Accolade 10.3 allows businesses to do just this. Intelligent process management retains the governance and controls to support high-quality business decisions, but also serves as a flexible enabler by allowing the business process to match how the business needs or wants to work. This intelligent capability in Accolade 10.3 increases efficiency by permitting teams to move faster through their work processes, and enhances the user experience and adoption by eliminating low-value work as the software self-manages key process activities without manual intervention.

Dan Miller, General Manager of Applied Research & Package Development at Sopheon customer Hormel Foods Corporation, stated:  "In many ways, I view the advances of the last few Accolade releases as the best since we teamed up with Sopheon in 2009. New releases have the end user firmly in mind, and there are a number of key features we are excited to use."

Sopheon^® and Accolade^® are trademarks of Sopheon.

For further information contact:

Barry Mence, Chairman Arif Karimjee, CFO	Sopheon plc	+ 44 (0) 1276 919 560
Ed Frisby / Carl Holmes (corporate finance) Mia Gardener (corporate broking)	finnCap	+ 44 (0) 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.

 

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