Annual report translation is one of the most hectic tasks for any organization. Translating annual reports while maintaining the company image can be difficult.
Translation of annual reports is not as easy as it seems. It will take careful consideration and professionalism to reach desired results. However, following these points can help you achieve desired results.
Table of Contents
Professional Translation
It is crucial to hire a professional translation service provider for accurate translations. It may seem costly and time-consuming, but it may save your reputation in the long run.
AI translations are not entirely accurate and require much editing and re-editing. Firstly, it becomes difficult to find a certified proofreader.
Secondly, it takes way more time to proofread than starting from scratch. Lastly, proofreading is costly because it takes more work than actually translating.
Professional translators can help you save time and cost. You won’t have to spend time on AI software and then finding a proofreader. Firstly, look for a professional translation provider like CC Translation.
Send them your requirements and document. Sit back and watch a professional translator take care of everything from start to end. Your final document will give a professional look without any error.
Style And Tone
If you live in a multicultural country like Canada, reporting in more than one language becomes an obligation. Understanding the right tone and style will help you succeed at creating the perfect annual report.
Annual Reports are a great way to cast a long-lasting impression on your stakeholders. This is why finding the right style is crucial.
Annual reports have basically two parts. The first part is related to the directors’ report, which comprises more facts than figures. The second part consists of financial statements which represent your annual performance.
It is essential to find a native translator who understands financial terminologies and can hit the right tone that impresses stakeholders. If you strike the right note, you may attract several investors, which is good for your business.
Financial Knowledge
If you pick a professional translator, ensure that person or organization is well aware of financial terminologies. There are specific standards that must be met by annual reports to be acceptable.
PSAB sets accounting standards for public sector organizations in Canada. AcSB establishes accounting standards for non-public sector organizations. Every business has to comply with these standards.
The professional translator must know GAAP and IFRS principles along with these standards. Knowledge of these principles will help the translator prepare a top-notch annual report.
Preferred Terms
Every company has its preferred terminologies. Finding the right translator is one thing. While clearly communicating your requirements with them is another thing.
Talk to your translation service provider and tell them about your preferred style. Tell them if you have certain terms that you would love to see in your report.
Prepare an excel sheet of your preferred terminologies. Send an excel file and your annual report to your service provider. Certified translators like CC translation will have no problem using those terms in the final report.
Confidentiality
Confidentiality and security of information are grave concerns of any company. This is why investing some time to find a professional translator is better than using AI.
There is no proof of security when you use AI for translations. However, when you work with a certified translator, security and confidentiality come before anything else.
A certified translation service provider will not only provide quality translation but ensure the confidentiality of your annual report. Certified translators like CC translation will exhibit professionalism at every step.
Proof-Reading
AI can help you perform simple tasks. But, regarding annual report translation, AI is not something you can trust. AI translation will be full of errors that are hectic to proofread.
With professionals working on your document, there will be almost no chance of any error. With the certified translator proofreading the same file multiple times, the file will practically be free of errors.
If you find anything problematic in your file, you can use your right of revisions. Professional organizations like CC Translation will help you achieve error-free results.
Conclusion
Annual reports can make or break your company’s image. So, investing in an excellent company is vital to get your translations done. It might seem time-consuming, but it can attract potential investors and increase sales. Keeping these 6 points in mind, finding a suitable match for your translation needs will be easy.
