From the earliest times, ancient civilizations made commercial transactions of different goods. These commercial transactions allow traders to create new ways of cultural interactions between different nations. One of these cultural interactions was commercial translations that mean the transmission of business between two languages.
Nowadays, commercial translation (also known as business or financial translation) plays an essential role the international business marketplace so it covers the translation of different types of official documents and legal documents in the business world such as contracts or agreements, corporate reports, economics and international marketing campaigns in different areas, such as:
Keep in mind, commercial translation rates can vary according on the material to be translated or the overall scope of the project. The following are essential elements to quote a commercial translation project:
Commercial translation studiesNowadays, commercial translations are increasing rapidly so almost every transnational company and organization use translation services and in some cases companies have translators on their staff.
That is why; translation students must acquire knowledge based on what the market is demanding from translators, this way they can supply clients in a variety of international business challenges so their message can be conveyed successfully in the language of their target audience.
Marketing translationCommercial translation companies provide professional support for business planning a marketing campaign, a presentation or a new brochure, or for those planning to expand overseas due to in competitive world, it is imperative to present product information and advertising material in the native language of potential customers in different countries.
Marketing translation requires abilities and experiences in both cultures and languages plus creative communication is fundamental to communicate the right message to the target audience, in order to be understood and received the way companies intend it to be.
International marketing publicationsSpecialists on international marketing publications must have cultural knowledge of their homelands which has enabled numerous businesses to make a successful transition between local trade and truly global integration. So, with high-quality translations of internal and external material, they can communicate with audiences from all parts of the world.
Financial StatementsFinancial statements include conversion from one set of national accounting principles to another, for that reason it is important to cultivate in-depth knowledge of accounting practices in each country with core strengths lie in the areas of: Income statements, Balance sheets and annual report.