Case Study: Parker Hannifin achieves sustainable competitive advantage and 500% product-portfolio value growth with Sopheon's Accolade

Accolade® Helps Parker Create a Sustainable Competitive Advantage

Parker Hannifin, the $13 billion global leader in motion and control systems, faced a big challenge unifying product development across 125 divisions to meet its Win Strategy goal of 10% annual revenue growth. Organizational silos, duplicate projects, and an over-focus on line extensions made cross-division collaboration and portfolio-level decision-making difficult, so Parker adopted its Stage‑Gate "Winovation" process and selected Sopheon’s Accolade as the software to standardize and automate innovation and portfolio management.

Sopheon implemented Accolade—proving scalability through stress testing and deploying the solution with Sopheon professional services and Parker IT—enabling a global rollout to over 6,000 users in 287 locations. Accolade delivered real-time portfolio visibility, standardized Stage‑Gate execution, and stronger go/no-go decisioning (about 50% of projects were stopped at the first gate), helping Parker exceed organic growth targets for three years and increase the value of its product portfolio by more than 500%, creating a sustainable competitive advantage.

Parker Hannifin

Craig Maxwell

Corporate Vice President of Technology and Innovation