{"id":5188,"date":"2022-03-29T10:51:36","date_gmt":"2022-03-29T08:51:36","guid":{"rendered":"https:\/\/www.way2global.com\/news-from-way2global\/quando-richiedere-traduzioni-finanziarie\/"},"modified":"2024-08-05T10:29:37","modified_gmt":"2024-08-05T08:29:37","slug":"quando-richiedere-traduzioni-finanziarie","status":"publish","type":"post","link":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/","title":{"rendered":"When to request financial translations"},"content":{"rendered":"<p>Companies need to\u00a0<strong>request financial translations<\/strong>\u00a0much more frequently than in the past. Globalization has led to more companies operating internationally.\u00a0<strong>Foreign subsidiaries<\/strong>\u00a0and the need to\u00a0<strong>interface with stakeholders speaking different languages<\/strong>\u00a0make financial translation an often indispensable requirement.<\/p>\n<p>Another need that drives companies to request financial translations is the\u00a0<strong>pursuit of financing<\/strong>. One of the requirements for participation in European and international calls for tenders is the translation of business plans, balance sheets and other financial documents.<\/p>\n<p>Financial translations can also be useful for those who do not wish to participate in calls for tenders, but nevertheless wish to\u00a0<strong>attract new investments<\/strong>. Nowadays, many investors are looking for companies that are transparent and comply with ESG criteria. Making financial and sustainability reporting available in other languages can therefore offer an important competitive advantage over competitors when it comes to securing new funding.<\/p>\n<h2>Specialist topic<\/h2>\n<p><a href=\"https:\/\/way2global.com\/traduzioni-finanziarie\">Financial translation<\/a>\u00a0covers\u00a0<strong>various types of <\/strong><strong>texts<\/strong>: balance sheets, analysts\u2019 comments, reports, insurance documents, and much more. Each of these documents covers various areas of the financial sector, so they use\u00a0<strong>highly specialized language<\/strong>. This aspect should be considered when requesting this type of translation.<\/p>\n<p>Companies often opt\u00a0<strong>to cut costs<\/strong>\u00a0by disinvesting in services that are wrongly considered less relevant. In the case of translation, this strategic error can\u00a0<strong>seriously harm the company<\/strong>.<\/p>\n<p>A\u00a0<strong>poor-quality\u00a0<\/strong>financial translation could result in the loss of valuable business opportunities, cause legal and financial damage and, not least, undermine the company\u2019s longstanding reputation.<\/p>\n<p>Financial translations hide\u00a0<strong>pitfalls<\/strong>\u00a0that only an\u00a0<strong>expert can identify and address<\/strong>. When it comes to terms that can be translated in multiple different ways, a non-specialist translator might choose the least suitable option. This is exactly what happens with machine translation, which is unable to contextualize and demonstrate the linguistic sensitivity required to choose the most appropriate word or phrase for the context.<\/p>\n<p>The level of complexity increases when it is necessary to translate\u00a0<strong>an expression that does not have an exact equivalent in the target language<\/strong>. In this case, only a financial translation\u00a0<strong>professional <\/strong><strong>can resolve the issue\u00a0<\/strong>and determine what other expressions can be used to faithfully convey the concept of the original version.<\/p>\n<p>To translate a technical subject such as finance, it is best to hire translators who possess\u00a0<strong>translation skills<\/strong>\u00a0and\u00a0<strong>in-depth financial knowledge<\/strong>, while also keeping\u00a0<strong>constantly abreast<\/strong>\u00a0of news and changes in this dynamic sector.<\/p>\n<p>The spread of sustainable finance, for example, has led to a strong demand for\u00a0<a href=\"https:\/\/way2global.com\/news-da-way2global\/traduzione\/bilancio-sociale-bilancio-di-sostenibilita-e-report-integrato-cosa-sono_1\">translations of social reports, sustainability reports and integrated financial statements<\/a>. Translators have consequently had to broaden and deepen their knowledge of non-financial reporting so as to continually ensure an impeccable translation service.<\/p>\n<h2>Translation quality<\/h2>\n<p>Financial translators are required to produce\u00a0<strong>very high-quality work<\/strong>. There are two main reasons for this.<\/p>\n<p>First of all, this is a\u00a0<strong>highly regulated field<\/strong>\u00a0in which translators cannot freely choose terminology, but must strictly comply with the\u00a0<strong>\u00a0relevant standards<\/strong>.<\/p>\n<p>Regulations vary depending on the type of document being translated. On the one hand, there are standards relating to the financial sector itself, such as the\u00a0<strong>IFRS<\/strong>\u00a0(International Financial Reporting Standards) or the US\u00a0<strong>Generally Accepted Accounting Principles<\/strong>\u00a0(GAAP). On the other hand, there are the standards and frameworks that regulate non-financial reporting, such as those of the\u00a0<strong>Global Reporting Initiative<\/strong>\u00a0(GRI) or the\u00a0<strong>International Integrated Reporting Council<\/strong>\u00a0(IIRC).<\/p>\n<p>Regardless of the specific standard that must be followed, there is still a need to respect its official terminology, which is one of the criteria for evaluating the quality of the translation.<\/p>\n<p>The second consideration that should lead companies to request the highest-quality financial translation relates to the potential\u00a0<strong>consequences<\/strong>\u00a0of an inferior translation.<\/p>\n<p><strong>Any oversights or errors<\/strong>\u00a0could cause inaccurate interpretation of the information contained in the document and consequently result in wrong decisions, with negative repercussions on\u00a0<strong>business relations<\/strong>\u00a0and\u00a0<strong>the company\u2019s growth prospects<\/strong>.<\/p>\n<p>There is also a risk of\u00a0<strong>potential damage<\/strong>\u00a0to the<strong>\u00a0corporate reputation<\/strong>. Relying on inexperienced translators or machine translation is likely to result in a translation that is not aligned with your stakeholders\u2019 expectations and linguistic and cultural expectations. Even specialized areas such as finance require terminological and lexical choices that are consistent with the culture of the interlocutor.<\/p>\n<p>By contrast,\u00a0<strong>hiring financial translation professionals<\/strong>\u00a0ensures\u00a0<strong>high-quality documents<\/strong>\u00a0and appropriate communication that boosts corporate reputation.<\/p>\n<p>Financial translations have always been our\u00a0<strong>core business<\/strong>\u00a0at\u00a0<strong>Way2Global<\/strong>.<\/p>\n<p>For over 30 years, we have supported the main forces in the financial industry by translating\u00a0<strong>all types of documents into any language combination<\/strong>. The quality of our translations is guaranteed by triple ISO certification and by a team of specialists with extensive experience in numerous fields within the financial sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Companies need to\u00a0request financial translations\u00a0much more frequently than in the past. Globalization has led to more companies operating internationally.\u00a0Foreign subsidiaries\u00a0and the need to\u00a0interface with stakeholders speaking<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":4743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132,11],"tags":[],"class_list":["post-5188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-linguistic-services","category-news-from-way2global"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>When to request financial translations - Way2Global<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When to request financial translations - Way2Global\" \/>\n<meta property=\"og:description\" content=\"Companies need to\u00a0request financial translations\u00a0much more frequently than in the past. Globalization has led to more companies operating internationally.\u00a0Foreign subsidiaries\u00a0and the need to\u00a0interface with stakeholders speaking [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/\" \/>\n<meta property=\"og:site_name\" content=\"Way2Global\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-29T08:51:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-05T08:29:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/way2global.com\/wp-content\/uploads\/2022\/03\/quando-richiedere-traduzioni-finanziarie.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"gbsadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gbsadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/\"},\"author\":{\"name\":\"gbsadmin\",\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/#\\\/schema\\\/person\\\/ca4897000dbce40e4997e5ab7cd9355f\"},\"headline\":\"When to request financial translations\",\"datePublished\":\"2022-03-29T08:51:36+00:00\",\"dateModified\":\"2024-08-05T08:29:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/\"},\"wordCount\":784,\"image\":{\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/way2global.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/quando-richiedere-traduzioni-finanziarie.jpeg\",\"articleSection\":[\"Linguistic Services\",\"News from Way2Global\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/\",\"url\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/\",\"name\":\"When to request financial translations - Way2Global\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/way2global.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/quando-richiedere-traduzioni-finanziarie.jpeg\",\"datePublished\":\"2022-03-29T08:51:36+00:00\",\"dateModified\":\"2024-08-05T08:29:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/#\\\/schema\\\/person\\\/ca4897000dbce40e4997e5ab7cd9355f\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/#primaryimage\",\"url\":\"https:\\\/\\\/way2global.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/quando-richiedere-traduzioni-finanziarie.jpeg\",\"contentUrl\":\"https:\\\/\\\/way2global.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/quando-richiedere-traduzioni-finanziarie.jpeg\",\"width\":1920,\"height\":1080,\"caption\":\"quando richiedere traduzioni finanziarie\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/when-to-request-financial-translations\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/way2global.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News from Way2Global\",\"item\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Linguistic Services\",\"item\":\"https:\\\/\\\/way2global.com\\\/en\\\/news-from-way2global\\\/linguistic-services\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"When to request financial translations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/way2global.com\\\/en\\\/\",\"name\":\"Way2Global\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/way2global.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/way2global.com\\\/en\\\/#\\\/schema\\\/person\\\/ca4897000dbce40e4997e5ab7cd9355f\",\"name\":\"gbsadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ddcced12daa60aa77ec6509a7a6b49d0786cf1b68286b3615783958ff8a1a8db?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ddcced12daa60aa77ec6509a7a6b49d0786cf1b68286b3615783958ff8a1a8db?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ddcced12daa60aa77ec6509a7a6b49d0786cf1b68286b3615783958ff8a1a8db?s=96&d=mm&r=g\",\"caption\":\"gbsadmin\"},\"sameAs\":[\"https:\\\/\\\/way2global.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"When to request financial translations - Way2Global","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/","og_locale":"en_US","og_type":"article","og_title":"When to request financial translations - Way2Global","og_description":"Companies need to\u00a0request financial translations\u00a0much more frequently than in the past. Globalization has led to more companies operating internationally.\u00a0Foreign subsidiaries\u00a0and the need to\u00a0interface with stakeholders speaking [\u2026]","og_url":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/","og_site_name":"Way2Global","article_published_time":"2022-03-29T08:51:36+00:00","article_modified_time":"2024-08-05T08:29:37+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/way2global.com\/wp-content\/uploads\/2022\/03\/quando-richiedere-traduzioni-finanziarie.jpeg","type":"image\/jpeg"}],"author":"gbsadmin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"gbsadmin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/#article","isPartOf":{"@id":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/"},"author":{"name":"gbsadmin","@id":"https:\/\/way2global.com\/en\/#\/schema\/person\/ca4897000dbce40e4997e5ab7cd9355f"},"headline":"When to request financial translations","datePublished":"2022-03-29T08:51:36+00:00","dateModified":"2024-08-05T08:29:37+00:00","mainEntityOfPage":{"@id":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/"},"wordCount":784,"image":{"@id":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/#primaryimage"},"thumbnailUrl":"https:\/\/way2global.com\/wp-content\/uploads\/2022\/03\/quando-richiedere-traduzioni-finanziarie.jpeg","articleSection":["Linguistic Services","News from Way2Global"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/","url":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/","name":"When to request financial translations - Way2Global","isPartOf":{"@id":"https:\/\/way2global.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/#primaryimage"},"image":{"@id":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/#primaryimage"},"thumbnailUrl":"https:\/\/way2global.com\/wp-content\/uploads\/2022\/03\/quando-richiedere-traduzioni-finanziarie.jpeg","datePublished":"2022-03-29T08:51:36+00:00","dateModified":"2024-08-05T08:29:37+00:00","author":{"@id":"https:\/\/way2global.com\/en\/#\/schema\/person\/ca4897000dbce40e4997e5ab7cd9355f"},"breadcrumb":{"@id":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/#primaryimage","url":"https:\/\/way2global.com\/wp-content\/uploads\/2022\/03\/quando-richiedere-traduzioni-finanziarie.jpeg","contentUrl":"https:\/\/way2global.com\/wp-content\/uploads\/2022\/03\/quando-richiedere-traduzioni-finanziarie.jpeg","width":1920,"height":1080,"caption":"quando richiedere traduzioni finanziarie"},{"@type":"BreadcrumbList","@id":"https:\/\/way2global.com\/en\/news-from-way2global\/when-to-request-financial-translations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/way2global.com\/en\/"},{"@type":"ListItem","position":2,"name":"News from Way2Global","item":"https:\/\/way2global.com\/en\/news-from-way2global\/"},{"@type":"ListItem","position":3,"name":"Linguistic Services","item":"https:\/\/way2global.com\/en\/news-from-way2global\/linguistic-services\/"},{"@type":"ListItem","position":4,"name":"When to request financial translations"}]},{"@type":"WebSite","@id":"https:\/\/way2global.com\/en\/#website","url":"https:\/\/way2global.com\/en\/","name":"Way2Global","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/way2global.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/way2global.com\/en\/#\/schema\/person\/ca4897000dbce40e4997e5ab7cd9355f","name":"gbsadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ddcced12daa60aa77ec6509a7a6b49d0786cf1b68286b3615783958ff8a1a8db?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ddcced12daa60aa77ec6509a7a6b49d0786cf1b68286b3615783958ff8a1a8db?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ddcced12daa60aa77ec6509a7a6b49d0786cf1b68286b3615783958ff8a1a8db?s=96&d=mm&r=g","caption":"gbsadmin"},"sameAs":["https:\/\/way2global.com"]}]}},"_links":{"self":[{"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/posts\/5188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/comments?post=5188"}],"version-history":[{"count":2,"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/posts\/5188\/revisions"}],"predecessor-version":[{"id":5190,"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/posts\/5188\/revisions\/5190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/media\/4743"}],"wp:attachment":[{"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/media?parent=5188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/categories?post=5188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/way2global.com\/en\/wp-json\/wp\/v2\/tags?post=5188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}