Enhancing File Transfer Capabilities: The Copp Clark Success Story
See how a global leader in holiday closure data safely communicates with more than 1,000 clients across world financial, tech and marketing sectors with MOVEit MFT.
Timely and secure data transmission in the financial services industry is mission-critical. Copp Clark, a Toronto-based company, has been at the forefront of providing holiday observances affecting global financial markets. With more than 1,000 clients spanning financial, technology and manufacturing sectors, Copp Clark has relied on Progress MOVEit software for more than 15 years to transmit data safely and securely.
This blog delves into Copp Clark’s journey in expanding its Managed File Transfer (MFT) capabilities with Progress MOVEit Cloud software and Progress MOVEit Automation software.
The Need to Modernize Beyond FTP Servers and Email
Financial markets are influenced by holidays worldwide, making accurate and timely market closure data essential. Without this data, the risk of failed trades, lost revenue, administrative costs and reputational damage increases. Copp Clark began its market closure notification services with paper publications in 1984 and transitioned to digital in 2000, using FTP servers and email. As the client base grew, this method became labor-intensive and less secure, necessitating a more robust file transfer solution.
Copp Clark’s growing list of financial clients required a more secure solution. “Most of our customers are in the financial services sector, and they began telling us they need a more secure file transfer solution,” said Todd Ruthman, Director of IT at Copp Clark. “With file transfer at the core of our business, we set out to find the best option for a managed file transfer solution.”
Growing with MOVEit MFT, Cloud and Automation
In 2008, after thoroughly researching MFT provider options, Copp Clark adopted MOVEit MFT software. It provided the key features needed to transition from FTP to SFTP, including a web client for manual file downloads and a user-friendly interface for managing users and access. The ease of use allowed non-technical users to onboard new clients without IT assistance, which was crucial for Copp Clark’s small IT team.
By 2015, Copp Clark integrated MOVEit Cloud software to streamline customer onboarding and began implementing MOVEit Automation software to further enhance its capabilities. MOVEit Cloud offered disaster recovery and outsourced IT needs, reducing the burden of server maintenance and outages. MOVEit Automation software provided up-to-date transfer protocols, encryption at rest and in transit and extensive logging capabilities, allowing seamless connectivity with clients’ servers.
“The biggest benefit of the cloud is outsourcing more of our IT needs and the fact that disaster recovery is already in place. We like not having to think about patching, uploading and testing all the servers and we don’t like dealing with outages,” Ruthman said. “Now Progress takes care of it all.”
Copp Clark Is Ready to Face Evolving Security Requirements
Today, Copp Clark onboards new customers to MOVEit Cloud software, leveraging its capabilities to grow with a small team. The cloud solution has been instrumental in outsourcing IT needs and providing disaster recovery. MOVEit Automation software has proven beneficial with its updated protocols and encryption features, helping Copp Clark comply with evolving security requirements in the financial sector.
Although Copp Clark is just getting started with MOVEit Automation software, Ruthman can already see the benefits, the main one being having up-to-date protocols, which its previous solution lacked.
“They weren’t keeping their transfer protocols up to date, and we were running into issues with banks who are keeping up to date, and we could no longer connect to their servers,” Ruthman said. “Now we can go in and choose what we want—we have no issues connecting to the servers with this new software.”
Conclusion
Copp Clark’s adoption of Progress MOVEit products has significantly enhanced its file transfer capabilities, supporting its growth and meeting the evolving needs of its clients. The ease of use, security features and cloud benefits have positioned Copp Clark to continue thriving in the financial services industry.
About Copp Clark
Based in Toronto, Ontario, Copp Clark is the global authoritative source for holiday observances affecting world financial markets, transmitting holiday closure data to over 1,000 clients in the financial, technology and manufacturing sectors.
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