Our client

Company Name: Y.I.R. Firm (Pseudonym)

Industry: Investment & Real Estate

Deadline set by the client: 48 hours

What do they need?

Y.I.R. Firm required the translation of Hebrew financial statements and bills into English for verification and documentation in their financial transactions.The translation had to be 100% accurate to ensure compliance with regulatory and contractual requirements. 

Given the financial nature of the document, precise terminology, formatting consistency, and numerical accuracy were essential to avoid any discrepancies. Additionally, with a strict 48-hour deadline, the firm needed a fast yet reliable translation service that could guarantee quality and confidentiality.

The challenges

When translating Hebrew financial documents into English, the Tomedes team encountered several challenges that required expertise and precision. In this section, we will explore how Tomedes addressed these challenges to deliver a precise and compliant translations:

Firstly, financial statements and bills include industry-specific jargon and technical terms that must be accurately translated. Precision is crucial to ensure clarity and compliance.

Secondly, ensuring translations comply with international financial reporting standards (IFRS) and local regulations is essential. Any inaccuracies could lead to compliance issues or financial discrepancies.

Thirdly, maintaining the structure and layout of the original Hebrew financial documents is crucial for clarity. This ensures easy cross-referencing and accurate financial verification.

Why Tomedes?

Since 2007, Tomedes has been the go-to translation company for businesses worldwide, providing expert financial translations with accuracy and compliance. Our specialized translators understand Hebrew and English accounting standards, ensuring precise translations of financial statements, reports, and contracts for seamless international transactions.

We prioritize speed, accuracy, and confidentiality, delivering high-quality translations on tight deadlines without compromising precision. With strict data protection protocols, we keep sensitive financial information secure. Whether you need investment documents, utility bills, or financial agreements translated, Tomedes is your trusted partner for fast, secure, and accurate financial translations.

The solution

Tomedes followed a structured approach to ensure a high-quality translation that met the client's expectations. The key strategies used included:

First, we assigned a specialized translator with expertise in financial statements and legal compliance to ensure accuracy. Their industry knowledge helped maintain precision and adherence to financial regulations throughout the translation process.

Secondly, we utilized advanced translation tools to maintain terminology consistency and accuracy across the document. Additionally, our expert linguists manually reviewed the translation, ensuring precision and alignment with financial and legal standards.

For example, Tomedes AI-powered Pre-Translation Toolkit played a crucial role in ensuring the accuracy and consistency of financial compliance translations from English to Hebrew. 

As presented in this free sample report, toolkit provides a structured list of key terms such as "Compliance with Financial Regulation" (עמידה ברגולציה פיננסית) and "Money Laundering" (הלבנת הון) along with clear explanations. By using this glossary, the Tomedes team ensured consistent terminology, reducing mistranslations and legal confusion. It was especially helpful for Hebrew, where regulatory terms must be precisely defined to meet industry standards.

In the same report, the Potential Quality Concerns section helped the Tomedes team identify and resolve critical issues before finalizing the Hebrew financial compliance translation. It flagged formatting inconsistencies in placeholders like "[שם החברה]" (company name) and "[תאריך]" (date), ensuring they were properly defined in context. 

Additionally, It also flagged cultural and legal issues to ensure compliance with local financial laws. The grammar check caught missing punctuation, and the review feature ensured correct localization of country names, job titles, and license numbers. By addressing these early, the Tomedes team provided an accurate and culturally appropriate translation.

Finally, we collaborated closely with Y.I.R. Firm to verify key figures and financial terminology, ensuring accuracy. This helped align the translation with their specific requirements, maintaining clarity and compliance in their financial documentation.

The result

The Tomedes team provided a precise, well-formatted English translation of the Hebrew financial statements and bills, ensuring error-free documentation. Every detail, including numerical values and industry terms, was accurately translated to maintain clarity and accuracy. By preserving the original structure and layout, the translation allowed for easy verification and cross-referencing, seamlessly fitting into the firm’s financial records.

The translated document met all financial verification requirements, ensuring regulatory and contractual compliance. Y.I.R. Firm used it seamlessly for their transactions without issues. Impressed with the accuracy and professionalism, they expressed interest in partnering with Tomedes for future projects.

Conclusion

Accurate translation of Hebrew financial statements and bills is crucial for international transactions and regulatory compliance. With Tomedes, businesses can trust that their documents will be translated with expertise and confidentiality. 

Trust Tomedes for precise Hebrew-to-English financial translations that meet global compliance standards. Whether you need financial statements, utility bills, or investment documents translated, we’ve got you covered. Let’s streamline your international financial transactions with professional translation services. Get a free quote now!