According to Jeff George, Hain Celestial’s Senior Vice President of Research and Development, “Innovation and new product development is the cornerstone of Hain Celestial’s new business strategy, and this is why we sought out an experienced business partner like Sopheon, who brings advanced technology together with innovation best practices and CPG-specific domain expertise. Accolade will enable our innovation transformation, helping us accelerate growth.”
In the past year, Hain Celestial has been undergoing a strategic shift to simplify its portfolio, strengthen innovation capabilities, restore top-line growth, and expand margins and cash flow. At the center of this is the implementation of new innovation operating models that ensure the focus of their critical resources on the brands and categories that will deliver the greatest growth. Sopheon’s Accolade innovation management software enables these new agile processes, helping Hain Celestial’s business leaders to determine which innovation investments will best deliver on this promise of revenue and profit growth.
An important criterion for Hain Celestial was to be able to move forward quickly with a streamlined best-practice-based approach that will accelerate their time to market. This led them to Sopheon’s Accolade solution, which they deployed for use in executive decision-making in fewer than three weeks.
“We are delighted to be working with a world leader in organic and natural better-for-you products in Hain Celestial,” said Sopheon CEO Andy Michuda. “For nearly 20 years, Sopheon has helped CPG companies create a continuous pipeline of high-value innovations—new products, platforms, programs, processes—and get them to market faster, and we are excited to help drive the same results for Hain Celestial.”
Accolade is Sopheon’s award-winning innovation management software that connects people, systems and information across departments and functions. This cross-functional collaboration and synchronization results in trusted, timely data for faster, better and more dynamic decision making for the world’s largest and most complex enterprises. Accolade has proven its value to thousands of global users by reducing costs, increasing portfolio value, reducing time-to-market and boosting initiative and product success.
