Every company, regardless of industry, aims to achieve two key goals: delivering the highest quality service to clients and maximising profits.
- The golden rule of accurate quoting
- Automatic margin estimation
- Precision and customisation
- Competitive advantage
- Summary
In the world of translation agencies, these goals often come down to precise quoting. LivoLINK, a comprehensive translation project management software, focuses heavily on this, enabling agencies to estimate potential margins at the quoting stage.
The Golden Rule of Accurate Quoting
Quoting is a crucial process for any translation agency. But how can you accurately assess costs and margins, especially given the variation in translator rates depending on specialisation and other factors? This is where LivoLINK comes in.
Automatic Margin Estimation
LivoLINK provides functionality for automatic calculation of costs and margins during quoting. This means that the person preparing the quote no longer has to rely on intuition or manual calculations. LivoLINK provides an estimated translation cost and calculates the potential margin for each quote.
Precision and Customisation
Cost estimation is fully configurable to suit your agency’s unique needs. You can define representative translator groups based on criteria such as specialisation, availability, native language or vendor rating. LivoLINK then calculates the average translation cost for the quote. This approach ensures greater accuracy in estimating both costs and margins.
Competitive Advantage
With LivoLINK, a translation agency has a tool that allows for precise quoting without the risk of underpricing or overpricing. This not only improves competitiveness but also builds client trust. Clients value professionalism and accuracy in quotes, which can lead to more successful projects and loyal customers.
Summary
Estimating potential margins at the quoting stage can be a challenge for Project Managers or sales teams in your LSP, but LivoLINK makes the task much simpler and more accurate. The tool streamlines the quoting process and helps translation agencies achieve greater efficiency and market competitiveness.
If you’re looking to improve the quality of your quotes and gain a competitive edge, LivoLINK may be the solution you need.
