Release of Accolade version 13.2

RNS Number : 2979E

Sopheon PLC

05 November 2020

 

SOPHEON PLC

("Sopheon" or the "Company")

New Sopheon Release improves Speed to Make Informed Decisions

New enhancements turn data into information, give confidence in resourcing plans & dynamically align functions across the company

Sopheon, the international provider of software, expertise and best practices for enterprise innovation management , today announces the release of Accolade® version 13.2.

The COVID-19 crisis with its massive impact on companies and industries will have lasting effects on business, many of which are as yet unknown. As companies deal with pandemic-related delays - planned or unplanned - and initiate strategic pivots, it is naturally tempting to jump from one urgent task to the next, to just execute in the hope of staying the course.

Manufacturers are rapidly bringing supply chains home to rectify mass disruption of access to materials and distribution channels; consumer products companies are changing their product portfolio mix and increasingly shifting to direct-to-consumer sales models; companies across all industries are rationalizing their product mix, cutting the breadth of offerings in order to meet unexpected demand for certain elements of their portfolios.

The capabilities released today in Accolade 13.2 are designed to help companies prioritize the most pressing issues first while ignoring distractions; and to get interactive data visualizations that enable informed decision making by providing a faster path to uncovering critical insights. This will assist business leaders in taking immediate action, rapidly assessing impacts of decisions, and mitigating the risks to their business, product and operational plans, and resources.

"The ability to engage interactively with our data and manipulate it in situ is exciting," said Dave MacAdam, Director of Innovation Strategy at Novelis, "This will help both our business leaders and technical users gain immediate answers to their questions, which will dramatically increase the speed to decisions. The value of this is enormous."

For further information contact:

Barry Mence (Chairman) Arif Karimjee (CFO)	Sopheon plc	+ 44 (0) 1276 919 560
Carl Holmes/Giles Rolls (Corporate Finance) Alice Lane (ECM)	finnCap Ltd	+ 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 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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