Finance is a language in itself. Therefore, we make sure all financial translations are managed to accurately reflect both the content and terminology. Document types we handle include:
- Annual Reports
- Income Statements
- Investment Reports
- Tax Reports
Delivering Quality Financial Translations to Global Financial Institutions
Translation of Corporate Brochures, Financial Reports, Financial Data, etc. (Since June 2011)
HQ-Translators was chosen to handle these financial translation projects for two main reasons:
- Our references (which the client demanded to contact in the first place)
- Our experience (considering the past financial translation projects already carried out for other clients)
The end client is a multinational financial services corporation based in the US, with thousands of offices and employees throughout the world. Established in many countries around the world, the firm mainly does business in wealth management, investment banking, equity, trading, etc.
The end client had already finished putting together its end-of-year financial documents and was about to forward them to the board of directors for approval when they realised that they were not yet translated. Consequently, they had to have them translated promptly to avoid financial penalties from the government.
How HQT Helped
We asked for and obtained the client’s financial documents for the previous years (both source and target). Having converted them from PDF to Word, we successfully aligned those useful reference files to create a translation memory. After analysing the files we received from the client with the newly created TM, we realised that 30% of the content was already translated which gained us 30% of the time frame we had for this rather urgent assignment.
Thanks to the translation memory we had created, we could complete the project earlier than the client had anticipated, much to his surprise. We saved time on our side and we also saved him money as we decided not to charge for the repetitions encountered after exploiting the reference files the client sent us.
Translation of Invoices, Annual Reports, Balance Sheets, Profit and Loss Statements, Audit Reports, etc. (Since March 2013)
There were three main reasons why the client decided to work with us:
- Our global presence
- Our trustworthiness
- Our payment terms
The client mainly manufactures switches and sensors for automobiles with a focus on wire harnesses and components like connectors and terminals. With more than 90% of its employees operating outside its home country, the company is among the largest worldwide automotive suppliers.
We were asked to deliver financial translations that are legally compliant. For us, this meant that we needed to be careful in the selection of our resources for this project by handpicking only the best financial linguists with proven experience.
How HQT Helped
The stakes being particularly high in this project, HQ-Translators had to take special measures for it to be, like any other, a real success. For this to happen, we posted a job offer relating to this on major translation platforms. Based on our reputation among our peers as one of the most leading and trusted translation agencies of the industry, many financially experienced translators applied and only the most experienced and most approved (those with the most positive feedback provided by finance experts) were hired.
The whole process (translation, editing and proofreading) was carried out by qualified and experienced linguists and the results were satisfactory. As a matter of fact, the client was so impressed with the professionalism with which his project was managed, he gave us more projects in other fields and language pairs.