Cloudwords Delivers Advanced Analytics to the Translation IndustryDecember 12, 2012 No Comments
San Francisco, CA, December 12, 2012–Cloudwords, the first cloud-based translation management platform, today delivered next generation innovation for the translation industry with first-of-its-kind reporting capabilities requiring zero professional services. The capabilities are aimed at saving the customer both time and money through improved data insights. As the most innovative company within the global translation market, the enhancements aim to solve translation project management challenges by improving the transparency into the cost of multilingual translations. Cloudwords built advanced analytics into its Bid Benchmarking, Translation Memory (TM) Effectiveness and Cloudwords Growth Reporting tools to improve transparency across translation projects while providing detailed insights in real time.
With the new features unveiled today, Cloudwords customers can swiftly gain visibility, increasing ROI across their reporting functions and throughout their organizations. As a result, vendors no longer need to repeat translations that have already been performed, something that has long been plaguing global marketing organizations, and translation processes, around the world. Clients are enabled to run detailed reports to track vendor performance and improve future translation projects.
The capabilities announced by Cloudwords today are available immediately, bringing unprecedented functionality to the translation industry. Detail includes:
Bid Benchmarking: Customers can now experience the first and only tool to provide real-time visibility and trend analytics into translation spending patterns. The Bid Benchmarking capability enables customers to run reports that showcase immediate return on investment (ROI) realized from the Cloudwords solution. Now, Cloudwords users can easily evaluate and maximize savings with actionable intelligence.
Translation Memory (TM) Effectiveness: This first-of-its-kind functionality allows customers to easily analyze translations provided by vendors and the impact on the organization’s Translation Memory. If the vendor is delivering appropriately, the net new translations should be decreasing across the organization. With the Translation Memory Effectiveness functionality, customers can easily analyze whether their vendors are properly leveraging the Translation Memory and use the actionable data to lead them directly to a time and cost savings for each and every project.
Cloudwords Growth Reporting: Assigning assets to translation vendors involves a certain element of trust. The Cloudwords Growth Reporting feature strengthens the partnership between vendors and customers by ensuring constant and accurate management of the translation memory assets. This functionality allows customers to easily analyze and monitor the growth of their TM database over time, highlighting the value of the growth and allowing customers to realize the overall importance of their TM asset.
“Our customers aren’t looking for features and functions that make the translation process more complex, they want simplicity and cost savings and they want the quality of each and every translation to increase. The features and functionality we are unveiling today not only deliver on that for our customers, but offer the first available solution that allows them to monitor and analyze their translation process to ensure their ROI is real. It is core to Cloudwords’ vision to innovate and constantly deliver the best solution as part of our translation platform. Today, we not only highlight our ability to do that, but our ability to be the first to do it within our industry,” said Michael Meinhardt, CEO and Co-founder of Cloudwords.
Cloudwords offers the world’s most comprehensive translation management solution for organizations conducting business globally. Created by veterans of the translation industry and high-tech leaders from Salesforce.com, the company is backed by Cloud visionaries such as Marc Benioff. The Company’s unique platform includes unmatched scalability, security and ease-of-use features, resulting in significant advantages over any other solution currently available within the marketplace. For more information on Cloudwords, please visit http://www.cloudwords.com or follow the company on Twitter @cloudwordsinc
Copyright © 2012 Cloudwords, Inc. All Rights Reserved. Cloudwords and the Cloudwords logo are registered trademarks of Cloudwords, Inc. All other products and/or services referenced are trademarks of their respective companies.
CLOUD COMPUTING, DATA and ANALYTICS