The Annual Report is a very important commercial document that explains the financial and operational whereabouts of the company to the shareholders. The public corporations of the business work on compiling the report. The report contains graphical representations, photographs, a narrative of the happenings at the organization throughout the year. The report also sometimes includes the company forecast mentioning the probable benefits to the company.
The end of the report consists of the financial and operational details of the company. The translation of the Annual Report has become a need of the hour because many companies have established their offices internationally too. To give the Annual Report to the international offices, it is better to get them translated. It gives a better understanding to the foreign client about the progress of the company.
An Annual Report is the most important document that the company publishes. It is a cornerstone of any modern business used by clients, investors, or funding bodies. It measures the financial credibility and integrity of the company. Some companies also have to submit these documents to the government for various purposes. To expand the business, the company has to show various Annual Report.
When it comes to international expansions, the Annual Report have to be in the understandable language of the client. Many companies large or small wish to present their Annual Report in multiple languages. The first preference is mostly English, and the second preference is for the languages used by the owners, employees, and shareholders in the country of listings.
Companies that translate their Annual Report assure to adhere to the context of the Annual Report. They prefer hiring professional translation agencies who are experts in commercial document translations, and very well know the terminologies, subject matter expertise, and of course the linguistic expertise for both the source and the target language.
Following are the advantages of Annual Report translations-
You can get your Annual Report translated in just three steps.
Let’s look at the details-
Many leading translation agencies are well known for the Annual Report translation services. Make sure you consider the following things before hiring the agency that fulfills your translation requirements.
Documents like Annual Report are commercial documents. These translations need in-depth research to maintain the authenticity of the document. The time required for these translations depends on various factors. The main three aspects are text type, the target, and source language, and the translator’s knowledge about the company’s commercial document. An authentic translation is achieved when thorough research and formations are carried out.
When it comes to the Annual Report translations, the translator is not just a linguist, but he/she also performs as a researcher, proofreader, and terminologist. He/she reproduces the entire document. All these variables should be considered in the duration that the translations can take. Technical or non-technical, all these aspects affect the time required for the translations. In the case of not-so-technical documents, such as lease or deed documents, the process can take a little less time. This is because the translator would be most familiar with the general vocabulary and the common context of the document.
In the case of technical content, such as market research files or equity research papers, the time required will be higher. The translator will need to use the glossaries and the style guides to maintain the uniformity of the terminologies. To bring the content to accuracy, the translator may need help from a legal expert. Which will further add to the time duration.
Quality comes with the price. The professional Annual Report translation agencies take reasonable rates for the services. However, there is not an ideal range of the costs. It depends on the length of the document, the target language, the level of expertise required, and the scope of the work. At PEC translation services, we promise to provide cost-effective services at a competitive price. However, charging a reasonable price does not mean that we at PEC compromise on the quality of the translation.
Translating commercial documents such as Annual Report is one of the main services that PEC provides. Commercial documents are complex. It needs detailed research. The translation is treated with utmost accuracy and authentication.
As vital records are used in verifying identity, Annual Report and their translation are treated with the utmost seriousness and professional care.
PEC has been functioning for more than 6 years now and has acquired itself the title of best services in India. We have developed this faith and trust all because of the support and experience that we have gained over the years. PEC affirms the quality of the conversion and assists you in getting the best version of the facility.
It is better to choose the best Annual Report translation agency than a freelancer or by doing it yourself. If you do so, you would be risking the reputation of the company. Because Annual Report or other commercial documents are mostly related to the growth of the company.
A small mistake in the terminologies of the reports can mislead the entire data. It is better to hire a translation agency, such as PEC translations.