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Press Center


CM-CIC Asset Management Chooses Quark for Automated Publishing

French Bank Triples Publishing Throughput and Cuts Production Time by One Third

PARIS - 11/9/2010 - Quark announced today that CM-CIC Asset Management (CM-CIC AM) has chosen Quark’s dynamic publishing technology to automate the production of financial reports. CM-CIC AM is the third-party asset management service provider of France's second-largest retail bank, the Crédit Mutuel-CIC group. Quark’s dynamic publishing technology, including QuarkXPress® and QuarkXPress® Server, now allows CM-CIC AM to maintain data integrity while optimizing their publishing workflow.

Every month, CM-CIC AM produces a number of two-page UCITS (Undertakings for Collective Investments in Transferable Securities) reports that include a variety of financial data in text, table, and graph format. Available on the bank's networks, the UCITS reports are a major source of financial information and indicate the past and future trends of the bank’s investment funds. As such, the accuracy and timeliness of the reports are of utmost importance.

A Manual Process
Gilbert Godard, Head of Project IT at Euro Information Développement (EID), describes the lengthy procedure the company underwent in the past to produce the UCITS sheets: "Previously the reports were created manually. We produced about 150 UCITS financial sheets every month by putting together vital data, such as statistics and graphs, from Excel and PowerPoint files that our publishing division entered into an Excel spreadsheet. This process had shown its limits, however, with an obvious lack of rationalization, major risks of error – related to manual copy-paste operations – and an increasingly large, but non-standardized information flow."

Three Times the Documents, Three Times Faster
To update their publishing process, the team created templates with QuarkXPress that corresponded with requirements issued by CM-CIC AM and produced a fusion engine that allowed for the transfer of data to the templates. Once the application was design and built (made up of QuarkXPress Server, the fusion engine and configurations), it was deployed within two weeks.

After 18 months of document production, CM-CIC AM can confidently say that Quark’s solution has proved to be extremely efficient. "Previously we published about 150 UCITS sheets on the 23rd of every month, which was not ideal,” said Ghislaine Brugère, Manager of the Publishing Division at CM-CIC AM. "With Quark’s solution we have been able to move the publication of our reports to the first half of each month. We will be able to shorten the production time even more once we streamline the integration of external data from a third party investment analysis firm. As soon as we can calculate these performance measurements internally, the production and distribution times will probably be less than one week."

A full case study detailing CM-CIC AM’s use of Quark’s technology to produce financial reports is available here: http://www.quark.com/pdf/QXPS_CMCIC_SuccessStory_US_Web.pdf.

About Quark
Quark Inc. (www.quark.com) is a leading provider of publishing software for professional designers, small and mid-sized businesses, and large organizations in more than 160 countries. Two decades ago, our flagship product — QuarkXPress® — changed the course of traditional publishing. For more than 25 years, Quark has built on its knowledge and experience in design and publishing to provide software solutions that support collaborative workflows and automated publishing across multiple channels. Today, Quark is revolutionizing publishing again by setting new standards in XML-based publishing across print, the Web, and digital media as well as by helping owners and employees of small and mid-sized businesses promote their products and services easily, professionally, and affordably. Denver-based Quark Inc. is privately held.

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Quark, the Quark logo, and QuarkXPress Server are trademarks or registered trademarks of Quark, Inc. and its affiliates in the U.S. and/or other countries. All other marks are the property of their respective owners.

Contact: Sarah Rector, Quark Inc., 303-894-3753, srector@quark.com