What is economic translation?
The economic translation is an integral part of any international business process. The existence and prosperity of a company are impossible without developing economic relations, local, national or international. Nowadays, in the world of international business, we can notice a constant necessity for cooperating with international partners from various countries. Working with international partners is closely related to the execution and translation of financial and economic documents. Therefore, the high-quality translation of economic documents must be a priority for everybody who wants to succeed in business at the international level.
Economic translation involves working with such documents as various agreements and contracts, marketing researches and business presentations, business plans, insurance documents and agreements on funding of projects, auditors’ reports and statements, financial reports, accountancy balances, profit and loss statements as well as other documents used in international economic activity.
Economic and financial terminology
The economic translation implies a very precise terminology, complemented by the translator’s expertise. That’s why the Translation AZ team works with specialized translators who prove in-depth knowledge of the specific terminology of the domain so that it can translate all kinds of source-language documents into the target language, making precise and qualitative information transfer so that the target document does not leave room for interpretation.
To support qualitative translation services in the field of economic and financial translations, we use computer-assisted translation tools that allow us to build a broad terminology base for each specific area of the field so that we can deliver qualitative translations in the shortest possible time frame.
Also, all stages of the translation process come to complete, applied regardless of the field of the translation project entrusted to us, are carefully planned, coordinated and verified by your project manager. Due to the special nature of the economic and financial documents, the project manager will select from our base of professional translators, the ones with the highest level of expertise in the field, who know the specific terminology and also the legal regulations to which they must submit such documents.
An error in interpreting a term or information in the source document may cause serious damage to the use and usefulness of the target document, so the document will only be delivered to you after the revision stage. Once translated by a professional translator, the document will be sent to the supervisors specialized in the terminological and linguistic features of the economic and financial field in the target language.
Types of economic and financial documents
Like any specialized translation field, the economic (financial) one involves a series of specific documents designed and drafted following a set of rules that must be respected in the target document as well. To establish a set of rules for translating documents in this field, several types have been delimited, depending on their destination and their usefulness.
- Annual financial reports;
- Financial Statements;
- Reports of mutual funds;
- Reports and bank contracts;
- Contracts and additional acts governing trade relations;
- Contracts for the insurance of movable and immovable property;
- Accounting documents;
- Legal documents necessary for the operation of commercial companies;
- Documents regarding economic and commercial law;
- Audit reports;
- Economic Manuals.
The economic sector is extremely important, and the Translation AZ team supports the translation of the texts in this sector. Our clients benefit from quality translations provided by professional translators who have strong knowledge in this field, our team is formed by passionate professionals specializing in economic terminology.
All translations are proofread and formatted to match the original layout. As a certified translation service provider, we make sure you get the best quality translations to match the emotion and lingo of your target audience.
Conclusion
Translation AZ knows that time is money, and that is why our specialists in economic and business translations realize real business tools with economic and business translations of exceptional accuracy and accuracy. Our specialists perform economic translations, financial-banking translations, business translations from various categories. For high-quality and accurate translations, choose Translation AZ, one of the best translation agencies.
Translation AZ offers a wide range of economic translation services with document types like accounting documents, audit reports, resumes, income statements, business plans, or financial reports.
