Case Study
Caldwell Investments
PROBLEM
- Used external auditors for their French translation of their regulatory documents (MRFPs/Financial Statements).
- Inconsistencies in translation between different sources.
- Time delays due to coordination between multiple external vendors.
- Used external Legal Counsel for French translation of their offering documents (Prospectus/AIF/Fund Facts).
- Costs were very expensive in current state.
SOLUTION
- Alexa Translations became a single vendor for all documents.
- Translation Memory was built based upon precedent documents.
- Dedicated Project Management and Linguistics team created.
- Developed agile workback schedule, milestones and deliverables; aligning Alexa Translations team, client internal team and external partners.
BENEFITS
50%
savings for prospectus translation and legal opinion
60%
savings for MRFP/FS translation
- Dedicated resource ensured consistency in language used in all translated documents.
- Regulatory filing deadlines met.
- Improved translation quality, giving “plain language” results to client’s satisfaction.
- Alexa Translations’ agile approach enables rapid response to last-minute changes.
