Financial Transcription Services

Financial Transcription demand grows by leaps and bounds as world markets and banks expand, collide and collapse. Executive meetings are no longer held only in board rooms or limited to power lunches. They are held over the airwaves and the digital superhighways and bounced off of satellites. Volatility in today’s financial sector generates massive gains and catastrophic losses. Proper documentation is essential to keep track of these ever-fluctuating businesses. Financial transcription provides such documentation.

Financial transcription can be provided for a variety of financial clients. These clients include corporations, merchant banks, accountants, company doctors, regulatory bodies, building societies, compliance companies, business schools, finance advisers, webcast providers, finance portals and management consultants.

For each client group, a financial transcription service will be able to provide the necessary financial transcripts for areas such as investor relations, earnings calls, business surveys, annual meetings, press conferences, interim results, seminars, training sessions, talks, interviews, analyst interviews, financial reports and company reports.

As the world market expands, corporations increasingly become multinational entities. With multiple nationalities comes multiple languages and accents. Financial transcription services use well rounded transcribers who often have a background in English or linguistics. These financial transcription professionals can expertly decipher numerous accents to transcribe audio into a polished document with near hundred percent accuracy. This expertise and attention to detail is necessary when multiple parties of multiple nationalities talk over each other during important financial meetings or conferences.

Professional financial transcription has kept up with technology as well as the expanding financial markets. In doing such, financial transcription services are often able to accept multiple audio and video formats. These formats range from older analog formats (VHS or audio tape) to the newer digital formats (mp3, mpeg, mov, etc). Financial transcripts will also be returned in the client’s chosen format. Transcription formatting ranges from the digital (pdf, rich text, word) to the printed page. Most financial transcription services can generate unique documents, tailored specifically for to the clients specification. This may include the use of company logos or letterhead and/or the use of specific color or style formatting.

The financial transcription process is more or less the same as any other type of transcription service. The client sends over the audio or video file they want transcribed. The client may also opt to verbally dictate the transcription in which case they might call the financial transcription service directly. The transcriber then carefully types out the audio file, converting it to the written format. The document is then proofread and converted to the desired file format and sent back to the client. Turn around time for a financial transcript is generally forty-eight hours or less. While larger projects may take longer, professional financial transcription is always done swiftly and accurately. Financial transcription offers highly secure transcription storage in order to protect sensitive information. This storage also comes in handy if a business loses their copy of the transcript and needs a backup.

Financial transcription offers many advantages to businesses. The main advantage is a cut down in overtime and other associates overhead costs that accompany monotonous administrative work. With financial transcription outsourced, the overall business can better focus on the management of their clients. Another advantage of financial transcription is businesses can free up heads to take on more important and time sensitive projects, thereby increasing overall productivity.

Financial Transcription Service Usage Examples