Tool up for the future – Language Service Provider market trends for 2019

Thinking about researching the expected changes in the 2019 LSP market? Don’t fret, we’ve done it for you! Sit back, relax and read about the coming opportunities.

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The Best Year Ever for XTRF!

As we approach winter and Christmastime, it’s the perfect time for a summary of our yearly achievements. It was a very intensive, and at the same time, the best year ever for XTRF! We worked on a number of internal initiatives, developments and made overall progress in all the departments of our almost 70-people organization.

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The <em>Real</em> Value of Automation

Automation is a very hot topic these days. Individuals and whole companies feel that they need to automate. With less and less time, automation is one of the main reasons...

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Do You Know Your Margin?

It’s fairly easy to know the margin on a project when you have the word rate you pay and your sales price per word. But when you think about it – that’s just the linguistic margin and, while it can be good enough to tell whether a project is profitable, it does not tell you too much about the profitability of the whole account.

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Do You Control the Cash Flow Efficiently?

In the language industry it is not unusual for a translation agency to pay its providers before getting paid by the customer.

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How to Drop “minimum Charges”, Keep Customers and Profit

In the past, technical documentation used to be written like a book. The author tried to describe the product, its features, maintenance, repairs, etc. Each operating manual was slightly different.

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How to Reduce Your Operational Costs in 5 Easy Steps

There are two ways of growing business profits: increase sales and reduce costs. A wise reduction of costs is key to improving customer satisfaction, winning customer loyalty and growing your business in the long term.

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Automation Culture

Automation is a very hot topic these days. Individuals and whole companies feel that they need to automate. With less and less time, automation is one of the main reasons why people are interested in new technologies and systems. At the same time, I often meet clients who wish to automate almost everything.

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Make Money on Every Client

As a business owner you want to make money from every client you work with. Yet quite often, that is not the case. Let me suggest a systematic approach to resolving this issue.

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Increasing Profits in Today’s Translation Market – Part III

Vendor management can be regarded as one of the most important tasks of a translation agency. After all, the core of the business resides in the effective reselling of the work of your vendors, as a result, any inefficiencies in managing them must have a direct impact on your bottom line and your results.

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