Industry Summary Articles

Sopheon has been named to the Consumer Goods Technology Top Providers list for the eighth year in a row. The magazine’s readers also recognized Sopheon and its Accolade® Enterprise Innovation Management software with the highest total score in its category.

As part of the magazine’s annual Readers' Choice Survey, executives from consumer goods organizations were asked to identify the new product development and introduction (NPDI) solutions that best support their efforts to deliver new products to market, as well as their satisfaction levels with each provider. Responses were then ranked on a scale of 1 to 5, with the company’s total scores computed by multiplying the number of votes received by average user satisfaction ratings.

“We are thrilled to be honored by Consumer Goods Technology and all of the industry executives who took the time to vote for Sopheon’s Accolade solution,” said Andy Michuda, chief executive officer at Sopheon. “Accolade is playing a key role in our client organizations to enable the new enterprise innovation management operating models that are having a sizable impact on the successful execution of innovation strategy, and we’re proud to have earned the recognition as the top provider in the industry.”

The company’s Accolade software supports better and faster decision-making by enabling transparency, harmonization and alignment across the enterprise. Introduced to the market in 2001, Accolade digitalizes enterprise innovation strategy and execution. It captures critical enterprise-wide data for better visibility, connecting all business groups and providing a single source of truth through shared decision-making models and criteria.

“Consumer goods organizations understand how critical innovation is in the digital economy to realizing sustainable growth, profitability and competitive differentiation. Yet, many industry leaders are operating with outdated and disconnected twentieth century tools while attempting to compete in the twenty-first century digital era,” said Michuda. “We’re grateful to be recognized as one of the leading companies supporting the entire innovation management and new product development lifecycle for consumer goods firms.”

Dozens of the world’s most successful, innovation-driven companies – including market leaders in consumer goods, food and beverages, chemicals, industrial manufacturing, high-tech, aerospace and defense – use Accolade to digitalize their innovation operating models.

"Technology has become a critical driver of business success, and the popularity of our annual Readers' Choice rankings reflects that importance," said Peter Breen, editor-in-chief of Consumer Goods Technology. "The solution providers recognized in our listings are delivering such invaluable support that clients are willing to take the time required to endorse them. That speaks volumes about the level of service they offer."

To learn more about how Sopheon supports execution of innovation strategy, visit our strategy execution resource hub.

To view the original press release, please click here.

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