Business transcription service is the text documentation of corporate audio or video events. Corporate earnings calls, interim results, annual meetings, corporate events, analyst interviews, etc. are some of the common events.
Business transcription service is on growing demand these days. Demand for transcription service has grown as many investors and analysts rely on these transcripts to make their crucial investment decisions. Investors do not have to worry much even if they miss an important earnings call or an important update from the companies of their interest, they can anytime read through these transcripts and get themselves updated.
At the same time, transcription solutions providers have to work hard to deliver quality transcripts. This is because investors take crucial decisions reading through these transcripts. Number errors (currency date, etc.) are considered to be grave as they can completely misguide the investors.
Quality transcription service with a quicker turnaround is preferred by clients for obvious reasons, and delayed market information can sometimes be completely useless.
Business Transcription Process
Usually, transcription service providers plug into live corporate events and get the audio recorded or downloaded onto their workflow. Once the audio is made available in the workflow, a transcriptionist picks up the audio and transcribes the whole audio file. The transcribed files are sent to the client as a preliminary transcript, and at the same time, these files are pushed for proofreading or final editing. After proofreading and editing, the final text is made available to the client or published onto their website in the desired format.
What’s New? Automated Transcription Service
Nowadays, artificial intelligence is taking over almost all segments and transcription is no different. With the help of automated transcription process, audio to text conversion is done in no time thus completely eliminating the preliminary transcription process. These preliminary transcripts are further proofread for zero-error transcripts.
TranscribeNow has successfully integrated automated transcription process onto the workflow and as a result, delivers quality transcripts at a quicker turnaround.