Translating financial documents benefits the entire organisation
Financial translations require high standards in terms of terminology and attention to detail. Read more about important considerations and why having the right skills is vital.
The globalised landscape of today means it is probably even more important than ever to be able to communicate in multiple languages – and this is the case when it comes to conveying financial and economic information too. International trade, expansion into new markets and global collaboration help organisations to grow, but often create the need for documents to be provided in languages other than those in which they were originally written.
The benefits of getting financial documents translated include:
- complying with legal requirements and regulations,
- complying with international standards and regulations,
- improving external communication to investors and partners and
- improving internal communication for multinational companies.
Here at Novoterm we offer translations and language reviews of financial documents in more than 40 languages delivered by specialist translators with the relevant educational background and experience.
Translations ensure you comply with legal requirements, regulations and standards
Different countries have different requirements on how companies must report and disclose their profits. Similarly every standard has specific criteria that need to be met. Both of these issues require the accurate use of niche terminology in all documentation. To ensure that everything is right from the start, it’s wise to employ an agency with specialist translators. Then you can be sure that the terminology is correct and avoid an already costly process from becoming even more expensive because of any regulatory or legal problems.
Translations can be part of your Investor Relations strategy
Although English is often regarded as a global language today, you will send a clear signal to both existing and potential investors by getting relevant documents such as reports and press releases translated. Not only will this demonstrate professionalism and attention to detail, but it will also show that you take your business relationships very seriously.
Providing investors with documents in their native language also increases access and transparency. When you commission a specialist translator to work on your documentation, you are also ensuring that all the necessary cultural adaptations will be made so that your message is delivered using the right choice of words. As well as avoiding the risk of any misunderstandings, this can boost the confidence that investors have in your company.
Translating documentation improves internal communication
By translating internal guidelines and governance documents, such as financial policies, multinational companies are providing their workforces with the best chance of fully understanding and living up to the expectations placed on them.
Even if your corporate language is English and many employees speak excellent English, when you provide documents in your employees’ native language you are eliminating the risk of any misunderstandings completely. You will also be freeing up cognitive resources that your employees can use on what they do best – their jobs.
Specialist financial translators at Novoterm
We have extensive experience of translating reports in accordance with, for example, ESEF and IFRS and our financial translators often have qualifications in finance and business law. We have expertise in the formalities of official documents – both in the source language of the documents and in the languages into which they are translated. We are also well versed in dealing with the level of confidentiality that often applies to financial documents.
Examples of the types of texts we can translate include:
- Annual reports
- Insurance documents
- Audit documents
- Financial agreements
- Internal governance documents
- Business plans and operational goals
- Interim financial reports
- Different types of contracts
- New share issues
- IPO prospectuses
We are happy to help with your financial translations!
Novoterm is a highly regarded translation agency that was established in 1996. We offer language services in more than 40 languages provided by translators and proofreaders who understand your industry – we listen, we understand, we translate.