Transcriptionists work on a wide range of projects from clients in diverse industries. The most common projects are general transcriptions, which do not require any special skills. However, there are some types of transcription projects that are better suited for transcribers with particular skills. A good example of these projects is financial transcription.
As the name suggests, financial transcription is the transcribing of audio or video content that is related to the financial industry. Financial transcription mainly involves transcribing financial reports, annual general meetings (AGMs), sales reports, business surveys, interim reports, and other business-related content.
Financial transcription projects are a little bit different from general transcription, not in the way they are transcribed but in the type of content that is transcribed. Financial transcription content typically features financial jargon.
Financial transcription services involves creating quality transcripts dealing with financial data from audio files or recordings. With financial transcription, transcribers do not transcribe each recorded word. The work may require creating different documents, such as company reports and analysis, based on the data provided in audio or video files.
Generally, financial transcription is beneficial to companies that are in the finance or trading sector. However, firms in other non-related sectors may benefit from the service for various reasons.
Among the organizations that regularly request financial transcriptions include:
Corporate firms may need financial transcripts at annual meets, seminars, and business meetings to know their financial health. The transcripts may also be required for internal company announcements, keynote speakers and seminars, Q&A sessions, conference calls, media releases, and investor briefings.
Companies are using financial transcription for different reasons. Some of the benefits of using financial transcription services include:
Business transcription comes with many challenges. Therefore, it’s best for companies to use a professional transcription services organization for their needs. The transcription firm should have expert transcribers that are experienced in transcribing audio or video content for the financial industry.
The financial transcription process generally follows the same route as general transcription. First you have to select a financial transcription company to work with. Then, our GMR Transcription team, a team of financial transcriptionists, will handle your finance-related transcription project fast and accurately.
From there, you may want the transcription company to sign an NDA before the project commences. Since you would be handing the transcribers access to your firm’s financial information, the last thing you want is for it to fall in the wrong hands. This is why signing an NDA is important.
Finally, you should provide clear instructions on how you would like the transcription to be done. Some of the things you may want to consider include:
Most transcription companies will assign a project manager to you. This professional will be the liaison between the company and your firm. The manager will ensure you get accurately transcribed content that adheres to your requirements to the latter.
Financial transcriptionists require the core skills of general transcriptionists. The skills include having a good listening ear, accuracy and fast typing speeds. Apart from this, the professionals should be comfortable with financial jargon such as NPV, IPO and others.
Work with GMR Transcription
GMR Transcription is a leading financial transcription company headquartered in Tustin, CA. Our team of financial transcriptionists have experience in all types of financial transcription and adhere to client deadlines. Contact us today to find out how we can help you.