With the global expansion of the market in today’s world, the use of the Internet as a tool makes our everyday lives possible. Todays businesses need to keep up with modern trends. Businesses are not limited to doing business only in their local neighborhoods. Needless to say that this global expansion offers us more pros than cons. There are, nevertheless, steps we need to take in order to continue to be as competitive as we were in our small local neighborhoods.
One such step is communication, or, if we wish to avoid miscommunication, it is professional translation. Imagine striking a new deal with a company overseas; even though you are familiarized with their product range and program, once you come to the point that you need to close the deal, you will find yourself looking blank at a piece of paper you should sign. Even if you try to guess what you are signing, one small mistake could cost you a fortune. That is why accurate and consistent translations are crucial in today’s business world.
Successful entrepreneurs are thus engaging professional business translation agencies who offer services which include a comprehensive approach: product and project management, customer support, voice-overs, subtitling, multimedia applications, web…all which are performed by accredited translators (native speakers, of course). Whether we are talking about standard, written documents, such as contracts and the like, the use of modern technologies, such as translation memory tools impose new standards and set up high criteria which every successful and growing enterprise should follow. Furthermore, business translation agencies will do more than just translate or assist you in translating documents you need. Once you engage a professional agency, they will make sure to put their staff at your disposal, so you will be able to interact along the way, clarify all potential misunderstandings or just discuss the nature of your business in order to receive a top-notch quality translation. This is where professional business translation agencies stand out compared to “regular” translators and freelance translators.
Professional translation agencies usually specialize in just one or two areas. This gives them an edge and are in a more favorable position compared to other translators or freelance translators (no matter how qualified they are). Such agencies, apart from business translation services, usually offer financial translation services as well, as they go side by side and complement each other.
Committed and detail-oriented professionals are in charge of converting your annual and other reports, auditor’s reports, business plans, balance sheets…into accurate and consistent valuable document. Understanding the terms and subtle nuances in concepts and contexts is a risky venture, which is why professional financial translation agencies employ native translators with degrees in economics, accounting or finance. Translating such documents requires also understanding foreign financial and accounting policies and terminology. Every business uses balance sheets, but it takes an expert to be able to transform it into understandable language for someone on the other side of the globe. The procedures are more or less the same, but the frameworks and administration differ.
Now, we have probably convinced you to engage a professional agency, with professional, native translators with corresponding degrees in business or finances, to better suit your needs. This is all great, but you are probably still having doubts about a couple of issues, which are not to be neglected at all; namely, balance sheets, auditor’s reports, project management and project proposals are not documents to be confided to just anybody. You have probably thought about this yourself. Well, here is the good news. Professional business and financial translation agencies employ professional translators who sometimes undergo professional assessment or take ethics comprehension tests. This is all to ensure that you will be receiving high-quality work, discreetness guaranteed!