Reporting, refreshing, renewing
With financial year-end fresh in our minds, it’s a good time to reflect that an annual report is more than just a set of figures. It’s a statement of achievement and intent. It will be used by competitors, customers and investors to assess key strengths and weaknesses, with lasting commercial consequences. This year, of all years, it’s also a good time to reflect on the strange and challenging path we’ve found ourselves walking and applaud the people who are leading us out of the shadow of COVID-19.
When you’re telling the world who you are and what you’ve achieved, you need to stay in control of the message. That can be challenging when you’re facing a deadline and need to communicate the essentials of page after page of compressed financial analysis for investors in Germany, China or Japan. Statutory accounting translation should be carried out by professionals who understand the vocabulary of finance. Linguists offering you specialist knowledge of International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). And if your report has a marketing section, suitably skilled translators will be required to convey creative elements with precision and flair. As businesses across all sectors recalibrate and relaunch their post-lockdown marketing plans, the nuance of their language will make all the difference.
As well as the skill of individual linguists, you’ll benefit from a translation management system that automates repetitive tasks and delivers efficiency and consistency. The April 2021 financial year-end saw the launch of XTM Cloud 12.7, the Intelligence Connectivity release that makes a market-leading translation management system even better and directly addresses many of the issues facing our clients and partners when they prepare statutory reports.
Industry-specific and customer-specific terminology lists and style guides are assets that grow in size and value with each project. They save you time and money, delivering greater consistency in translation of your investor relations reports, due diligence reports and interim statements. XTM Cloud 12.7 delivers enhanced AI functionality that directly aids auto-bilingual terminology extraction, enabling the process to run on bilingual files in a range of formats. Multilingual glossaries and style guides preserve your brand values and the integrity of your message for any audience. That’s always a worthwhile benefit, notably so in statutory reporting. With version 12.7, XTM Cloud delivers that benefit more effectively than any other translation management system.
And there are positive things to include in these reports. Yes, the pandemic has taken its toll, but we’re encouraged to see many of the leaders we know well standing up and leading from the front. And in the pharma sector, leading from the front in 2020-21 has often meant channeling resources into COVID-19 vaccination. Today Novartis announced results that show a global giant holding steady in challenging times. First-quarter sales actually edged up by 1% to $12.4 billion. And when Novartis CEO Vas Narasimhan announced this morning that the company was scaling up facilities to make vaccine doses for CureVac, it was an eloquent and practical response to the pandemic. Aiming to produce up to 50 million doses in 2021 and up to a further 200 million doses in 2022, Novartis are sending both investors and the general public a strong and positive message.
XTM International’s Vice President of European Sales David Webb finds this brand of leadership impressive:
“We all know what COVID-19 has cost us, personally and professionally, but I’m inspired by the business leaders who refuse to take things lying down. Like so many pharma industry leaders, Novartis are putting their resources and ingenuity into strong, practical solutions that will deliver long-term benefits for millions of people. It’s a natural extension of their commitment to patient-centricity. It’s not easy to balance the needs of investors with the clinical and emotional needs of patients but Vas Narasimhan and his team are doing it admirably.”
XTM International is committed to your long-term success. In our case, that doesn’t mean developing a vaccine but it does mean offering efficiency, choice and control to customers who are fighting back post-COVID and have a product and a message to share with the world. Enterprise customers who can vouch for this include Ricoh, Kyocera and the Expedia Group. They trust us, and so can you.
Spring is often seen as a time of renewal, and the beginning of a new financial year is certainly a time to look forward. With XTM Cloud 12.7 you can look ahead to clear, persuasive communication with clients, partners and investors of any nationality. To find out more, book a call with our sales team today.