Sopheon today released the latest version of its Accolade® Enterprise Innovation Management (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 shows that on average only 56% of strategic initiatives are considered successful.
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.
According to Andy Michuda, CEO of Sopheon: “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.”
Accolade 11.1 includes new and enhanced capabilities that:
- Ease communication of the strategy, providing clear visibility to the connections between high-level strategy and underlying execution activities.
- Connect organizational and functional silos for alignment of initiatives, people, and resources.
- Surface meaningful connections and interdependencies determined by role and business need. For example executives can quickly see which programs, projects and activities support the high-level strategic goals they are responsible for achieving, and program and brand managers can easily view the interconnected projects/activities they need to manage and coordinate.
- Increase user engagement and build morale by communicating the “why” for team members, making it easy for them to see how their projects fit into the broader corporate strategy and therefore making their work more meaningful and impactful.
- Increase ease of use and efficiency in daily work streams and collaborative activities, further strengthening process adoption and ensuring more informed, faster decision making.
Accolade 11.1 is available immediately for upgrade, purchase and implementation. All Sopheon Accolade customers who are current on Maintenance and Support program fees are entitled to receive updates to their currently licensed products for this and future release upgrades at no additional cost.
