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.
Giving your vendors the right tools cannot be overrated. It is like taking half the load off your shoulders. The XTRF Vendor Portal improves cooperation and communication with vendors whether you are a local agency or a global corporate player. Daily work on every project and other tasks, like billing and data maintenance are what the XTRF Vendor Portal is all about.
Last week I spoke with a translation company managing director who asked me how best to organise their production team.
Many translation agencies nowadays face the necessity of translating smaller and smaller amounts of text, submitted regularly by their (often strategic) clients.
More and more projects keep coming. The deadlines are tight and getting tighter. It seems that regardless of how much effort and time you put into your work, there is no way you can come out ahead.
No translation agency can survive without their translators. They have a lot of pressure put on them to deliver on time and at high quality. It is thus very important to keep their motivation high so they treat your projects as a priority.