The world is currently witnessing increasing globalization of the financial industry, with its various types of businesses ─ investment funds, credit unions, banks, accountancy companies, insurance firms, stock brokerages, credit-card companies and others.
From banking to insurance to investment management to securities, the financial industry, 11 years after the global financial crisis, is now focusing attention on governance, new technology challenges, and, most importantly, the rising trend of individual countries having their own financial laws and regulations.
This makes it mandatory for globally oriented financial institutions, as they expand and establish offices in different parts of the world, to make critical information available in multiple target languages. Hence, each of these institutions has to seek the help of a reliable financial translation company to localize their financial materials, including, for example, the translation of financial statements.
Other financial documents that need to be translated include annual reports, insurance regulatory documents, auditor’s reports, retirement plans, market studies, financial newsletters, cash flow statements, business plans, balance sheets, financial agreements, budgets, bank statements, actuarial documents, tax reports and many more.
How to Choose the Right Financial Translation Company?
Now that financial services companies have come to understand how important the translation
of financial statements and other financial materials, are in helping them to survive in the era of globalization and cut-throat competition, they have to learn how to choose the suitable financial translation company, whose services should go beyond rewriting content from a source document into a target language.
So, let’s now look at some of the factors that make the difference:
1- You have to deal with the translation company that has a team of financial translators ─ who have sufficient expertise, years of experience and in-depth knowledge of financial terms and specific concepts in the industry. They should also be well versed in the financial laws and regulations of the target country.
2- For your business to avoid the problem of mistranslations and their harmful consequences, any financial document translation service, whatever the volume, should be carried out by native-speaking linguists.
3- You’ll have to ensure that the financial translation company you’re partnering with has a reputation for providing a quick, reliable turnaround. Also, you need to take into consideration the company’s translation management system along with its quality assurance mechanisms, if any.
4- You should also make certain that the financial document translation service you’ve received includes proofreading and final review.
5- Previous customers’ references and testimonials are important for you to check the level of customer satisfaction with the services delivered by the selected financial translation company.
6- You have to guarantee that the financial document translation service is provided by a company which will keep all your information 100 percent confidential.
Why Future Trans?
An ISO 17100 certified language services provider, we’ve been translating and localizing content for more than 24 years, building up a wealth of knowledge and insight, as well as a database of satisfied customers.
But why are we the right financial translation company for you? We can, in reply, mention a few reasons:
- We only hire experienced financial translators, who are well versed in this specific industry, along with native-speaking linguists from all over the world. Importantly, our financial translation services are tailored to suit our clients.
- With over 24 years of experience, many top-notch financial institutions are relying on our financial document translation services to make sure that all their financial content is translated into multiple languages ─ clearly and accurately.
- We stand out from the crowd of other companies with our proven record of meeting customers’ tight deadlines and finalizing large volumes of work.
Reach out today to our team of financial document translation experts and, by choosing Future Trans as your partner, you’ll ensure high-quality translation solutions for your financial content.