Working in the translation agency can be very stressful and hectic at the moments. There are plenty of challenges translation agency owners or project managers have to face everyday. For many agencies the problems that appear the most often, are:
More and more translation agencies are investing in the automation of their processes. Their main goal is to obtain the highest quality translation at the lowest cost. By using machine translation you can increase translation speed, decrease costs, thus make your LSP more efficient. European Commission is very open to this technology. What is more, it helps in development of machine translation and make it more popular.
I would like to present some interesting facts about European Commission survey made in 2020:
Very interesting acquisitions in the translation industry took place in 2020. Large corporations focused on market consolidation and the purchase of well-known translation agencies. Despite the coronavirus pandemic and a slowdown in the development of the translation market, this did not hinder the success of the negotiations.
RWS buys SDL
Settlements with translators
Your LSP as Uber services
Nowadays, thanks to technology, there are more and more possibilities to automate businesses, thus making them more efficient. In every market Uberization of services is becoming very popular where an automatic connection of customers with vendors take place.
Uberization of the translation market
We believe that automation is the most important thing in reducing costs in modern LSP. There is no automated workflow without fluent integration between TMS and CAT tool. Our team of developers has created a very flexible solution that will help your business take it to the next level.
Automation of translation management process in a LSP may seem complicated, difficult to implement or even unattainable for many companies- especially for small LSP that do not have large budgets. However, thanks to automation, small companies are able to operate in the same way as large companies, and corporations can free up a lot of resources and make real financial savings. Automation can be a powerful tool your team can use to be more efficient, effective and achieve better results.
1. Analyze your processes
In the times of crisis, every company is looking for savings. At the moment, when the revenue of your LSP is falling, you realize that the huge part of costs consist of the wages, and thus you start to reduce the number of employees. Modern translation agencies invest mainly in technology, which replaces human work and, consequently, is not burdened with huge payroll costs. Of course, every implementation of a new technological solution costs money, but if you approach it wisely, it will pay off very quickly.
The coronavirus forced most companies to work remotely. Many employers are currently changing their organization into online working. It can be useful for effective management in the long term. millions of people work remotely. They are using online tools like Slack, Trello, Skype, Zoom and many other solutions.
As the coronavirus continues to spread, every organization should encourage employees to work remotely. Here are four tips to prepare your LSP for telecommuting:
1. Working on the cloud Translation Management System.