“Translation Check” – The AI tool for checking document translations

Where does the AI application offer the greatest benefit?

The preparation of annual reports is mandatory for many companies worldwide. In Germany, this includes stock corporations, partnerships limited by shares, cooperatives, credit institutions, public-law insurance companies and companies that meet the size criteria of the Disclosure Act. In certain cases, it may be necessary to translate the report from German into other languages. This applies, for example, if companies are active in the export business, if they have an international focus or if they are looking for local investors or business partners in other countries.

When translating such reports, it is essential that they are accurate and legally flawless. Accordingly, financial documents in particular require the utmost precision and care in order to avoid negative consequences. Until now, however, the translation and review of such documents has been a time-consuming, tedious process that is prone to errors. Overall, financial translations present specific challenges and require corresponding expertise in the financial sector. In addition to being susceptible to format errors, translations of annual reports are also particularly prone to semantic errors. The difference often seems minor and is not given much attention, but this can have serious consequences, especially as annual reports can be decisive for investments and shareholdings, for example.

What are the quality features of “Translation Check”?

• Time savings: The KI.NRW demonstrator enables annual reports to be checked quickly and efficiently. With the help of AI models, text passages are checked and evaluated for content equivalents.
• Integrated feedback and adaptability: The built-in feedback system allows users to evaluate the indications provided by the system. Based on the feedback, the model can then be further trained and the quality of the results continuously improved.
• Overview and context: The integrated PDF viewer offers users the option of displaying any passages that are not consistent. In addition, all exam results can be exported as excel, which makes it easier to edit the documents later.