Providing an estimate for a translation project can be difficult without access to the original source files. However, BURG uses several heuristics to aid in determining the scope, cost, and estimated turnaround time without available source files. The goal of the estimate is to calculate a reasonable range within which the actual values of the quote would be. There are five factors the Client Manager will consider in order to estimate a project’s value: Read more
Computer-assisted translation (CAT) tools, particularly the translation memory (TM) feature, are one of the best technologies invented for the translation industry. As the name implies, CAT tools assist translators, but they do not replace them.
TM stores every pair of units (words, phrases or sentences) translated between two languages so that they can be re-used in the future – either again in the same file where text repeats itself, or in future files with the same text. It acts like a big glossary (of words, phrases or sentences) that helps maintain consistency in style, terminology and minimizes the amount of repetitive work that a translator does. These reductions in repetitive work reduce time for the translator and costs for the client, but while the translation is automatically retrieved from the TM, it still needs to be checked based on the context of the new text and file. This is because different languages work differently based on context. Therefore, many times, the translator needs to make adjustments to the text according to the rules and usage of the target language.
The Foreign Corrupt Practices Act (FCPA) is likely to provide more foreign language document reviews for attorneys and translators during the new presidential administration because U.S. Attorney General Jeff Sessions said during a speech this month that the Justice Department would continue to prosecute corporate fraud. He added that “one area where this is critical is enforcement of the Foreign Corrupt Practices Act.” Read more
Because businesses are now required to disclose lease commitments on the balance sheet with FASB’s ASC 842 standards update, there is going to be significantly more work for corporate accountants and lawyers, especially if foreign leases are involved. Developing a streamlined lease agreement translation process with the right technology and lease translation partner can mitigate time, cost, human error and cut down on the stress that this new requirement can bring.
There are many reasons for taking the time to create a workflow that is as automated and effective as possible. Read more