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.

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