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Top 3 Fascinating Facts About Business Transcription

Business management
Business Transcription Services

What is business transcription? It’s a document that provides a written record of a meeting or other function that is important to a business. 

Business transcription services are used to record legal functions such as courtroom trials. In the past companies needed to hire a transcriptionist to record their meetings for them. 

Today, modern technology has made the job of a transcriptionist a thing of the past. Instead of hiring a person to transcribe meetings businesses today have other options. You can use software that is faster, more accurate, and more cost-effective.

Let`s evaluate, how business transcription services can develop your company.

Business Transcription Saves Money

Every successful business has several things in common, one of the most important of those things is the ability to control costs. The less money business spends on operations, the more they will lose. Money is freed up for:

  • advertising;
  • product development;
  • employee compensation;
  • other areas important to the success of a business. 

So, there is software that could either reduce your payroll or free your employees up to work on other tasks. Isn`t that software be something worth investing in?

To better illustrate how Audext can save you money, here’s a simple example.

Let’s say that your company has a one-hour meeting each week. The average transcriptionist that works at a fairly fast pace can transcribe about 60 to 60 words per minute. That would equate to roughly 12 hours of work for a transcriptionist over the course of a month. 

That’s a fair amount of labor, which is an expense. Rather than paying a person to transcribe audio for you, wouldn’t it be better to use Audext instead? 

Audext won’t just save you money, it works faster than a transcriptionist does, and it’s just as accurate as they are if not more so.

business transcription services
Business Transcription Facts

Business Transcription Helps In Research

What makes corporate transcription so important? It’s the fact that it allows businesses to understand customers better. And, essentially, satisfy every client.

Every business has customers, and understanding their needs is important for its development and growth. It allows a business to provide the best experience for those customers today. And also implementing strategies that will help them in the future. 

How can Audext help your business?

It can help to understand many things by accurately recording. It helps to understand what was said and what needs to be done. This is how focus groups can give your business the ability to understand some key moments like:

  • Problems your customer have while using the service;
  • Some additional features they`d like to have;
  • What marketing activities do they like;
  • What do they like about your service/what they want to change.

Customer development interviews are better if you understand what do you need to ask and how would you like to get it done afterward. That`s why, you have to be ready to conduct customer interviews, so you will get the best results.

Without a tool like Audext, the ability of a business to get the most out of focus groups is diminished. It means that it’s the ability to understand the needs of customers is reduced.

Business Transcription Services Reduce HR Costs

In the corporate world decreasing costs is important as it helps to get the most out of money that is spent. Using Audext you can get accurate transcriptions of meetings. And also focus groups can give you a powerful tool that can help your business to succeed.

With an accurate transcript, you will be able to analyze the responses of people in focus groups. And you`ll have meetings to analyze what they say when they say it, and why they say it.

With all this information, you can develop a sound business plan without having to resort to more intensive research methods. 

Why spend time and money on surveys or other forms of market research? Accurate transcription can give you all of the insight that you need.

Business Transcription Services Can Help You Grow

There are certain types of jobs that people excel at, and there are other types of jobs that an AI is better at. You may need speed and accuracy of audio sample transcription. An AI-powered service is going to provide you better and more consistent results than a person will.

Are you looking for transcription software that you can trust and able to provide you with an accurate account of meetings? Then you need to try Audext. You can try it today, and if you are impressed with its capabilities you can pay for the service.

You have nothing to lose by trying it and everything to gain. Start to transcribe today and you’ll see that it is your best option when you need fast and accurate business transcription services.

Are you ready to give a try?

Katrin Deres 01/08/2021
Katrin runs her own podcast show and is interested in the best ways to transcribe audio recordings into text.
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