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                              Home Tech

                              7 Facts About Transcription Services and Integrated Payment Systems

                              Lal Pratap by Lal Pratap
                              March 31, 2023
                              in Tech
                              Reading Time: 5 mins read
                              0
                              Transcription Services and Integrated Payment Systems
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                              Science and technological advancements have elevated our lifestyle with many remarkable inventions. What took hours can be carried out in a few minutes nowadays. One such noteworthy advancement was being able to record an event with a voice or video recorder. It enabled us to save the details about the recorded occurrence and use it later for any given purpose. Then the concept of automatic transcription gained popularity.

                              Transcription is a simple process of listening to an audio or a video (recorded or live) and then converting it into a written form to utilize it in a better way for multiple purposes. Transcription services are very common nowadays. From lectures and seminars to court hearings and press conferences, they are being widely used in today’s world. Many professions of this era require good transcribing skills.

                              However, just as an employee management software is essential, most of the companies and organizations hire professional transcribers or transcriptionists for the necessary work as there can be no room for any error. For starters, transcription is used to benefit various sectors of the society from students to the corporate world. Here we are listing down few common uses of transcription for you to better understand its advantages in this modern era.

                              How is it beneficial to students?

                              Many educational institutions hire academic transcription services to help out the students in accessing daily lectures inaccurate text form. All the important details from a certain lecture are recorded and then later transcribed. Those written lectures are then made available on the institution’s website where students can read or download those lectures.

                              Just like integrated payment systems proved to be innovative in the domain of finance, this is quite an innovation in educational world as it doesn’t only benefit the students who attended the class but also the absent ones. While conducting research interviews, college students have to present a transcript of the original interview for it to be thoroughly analyzed. In this case, academic transcription services come to the rescue again.

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                              Also read: Closed Captioning VS Subtitles: Differences & When to Use Them

                              How is transcription used by the corporate world?

                              The world of business is really busy. Every day there is a meeting or a conference which needs to be recorded. While a video record is preferred for most uses, a transcribed form of a particular event can serve as a more effective tool. Just like a business accounting software can be used to take and save snaps of various records, there are many ways you can record the whole proceedings of a meeting.

                              For instance, if a company launches a new product or announces profits or closures then the transcription of that announcement can be submitted to media houses as an official press release from the company itself. This not only makes the news credible but also helps in gaining the trust of valued customers.

                              Moreover, many firms have to face legal proceedings which can be really tough. The fact that you might require a transcription for later use is important to be considered. It’d be even better if you hire a private party for services that can deliver an unbiased copy.

                              Facts about transcription that you need to know

                              Now that you have an idea of how transcription services are used, let’s have a look at some interesting facts about transcription that everyone should know. Sit tight and if any of these facts surprise you hard, just try to control yourself.

                              1. The pace of professional transcriptionists

                              Although it can be true that most of us can do well at transcribing stuff but we surely cannot beat a professional transcriptionist who can transcribe 90-100 words per minute.

                              2. Transcription has a history

                              The word transcription has an interesting history of its own. It has been in use since the 17th century. Originally, typewriters were used for transcription in past times. Before that, pen and paper were used for transcription purpose. And now, we have modern computers which are no less than a blessing.

                              3. Evolution of transcription typing

                              As we move forward, time gets to be more important than ever before. In 1998, an average typing of 40 words per minutes was considered fast. Now in 2017, transcriptionists have to adopt at least twice that speed to be called as professionals.

                              4. Transcribing videos can help your website grow faster

                              Every good and user-friendly website has interactive videos to engage the visitors which definitely help in website growth. As the videos contain important keywords and terms that internet users actually search for, you can improve your website ranking by transcribing the videos and publishing their copies on your website. You need to make sure you have your website from a reputable company that also provides free website development consultation.

                              5. God of Transcription

                              Were you amazed by typing speed of 100 words per minute? Well, that is just too normal. In 1958, Stella Pajunas typed at 216 words per minute for continuous 50 minutes. And yes, no one has been able to break this record to this date.

                              6. Interview Transcription

                              An interview of one hour, the most common form of transcription, takes almost 4-5 hours for completion.

                              7. Transcription is universal

                              Many people have hearing problems, while some do not understand foreign languages or have the problem comprehending accents. Transcription helps them read important matter without any trouble. The only reason you make use of a good invoice maker to design online invoices in multiple languages for your clients, this method of transcription does the same wonders.

                              The Conclusion

                              Transcription services have become more of a necessity nowadays. It is time for you to acquire transcription services as well for your venture’s growth. It is all about competition in today’s world and you need to step ahead in every area to make sure your company has a strong reputation.

                              Moreover, the greatest role played in your company’s growth is done by smooth software which provides all the essential e-commerce solutions.

                              Also read: 6 Tips for Finance Entrepreneurs Commencing Their Business

                              Tags: business accounting softwareintegrated payment systemsonline invoices

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