Case Study: Covestro achieves optimized innovation investments and shorter time-to-market with Sopheon’s Accolade

Covestro Implements Sopheon’s Accolade® for Optimized Innovation Investments and Shorter Time-to-Market

Covestro, a global leader in polyurethanes, polycarbonates, coatings and adhesives, faced fragmented innovation processes across three business units and three continents that left management with limited visibility for prioritizing R&D investments. To standardize stage-gate processes, portfolio planning, cost accounting and project documentation, Covestro selected Sopheon and its Accolade® solution after evaluating more than 60 vendors.

Sopheon implemented Accolade (including Accolade Process Manager™ and Portfolio capabilities), configured for easy integration with Microsoft Office/Outlook and rolled out the system across all three BUs and continents. Within a short time Covestro had hundreds of projects in Accolade, achieved a single consolidated, harmonized portfolio system, improved transparency for prioritization and accelerated time-to-market—particularly for cross-regional and cross-BU projects—thanks to Sopheon’s implementation support and configurable platform.

Covestro

Joachim Dohm

Former Global Vice President & Head of Innovation Process & Portfolio Management