When you work in a multinational company, it is paramount that you choose a corporate translation services company for your GDPR documents to make sure that everyone is fully aware of how to obey the GDPR regulations. General Data Protection Regulation ensures personal data protection for every organization that sells goods and services within the European Union. Therefore, any business that works with personal data, regardless if it is a small one or an individual, must abide by the GDPR rules. Here are 4 reasons why GDPR translation is pivotal for your business.
What are the consequences of bad GDPR translation?
1. Fine Imposition
Every European company who works with personal data must conform to the GDPR regulation. (Non-European companies must comply if their customers are from Europe.) If they don’t comply with GDPR requirements, they’ll be hit with an extremely high fine (up to the amount of €20,000,000 ($22,564,560), or 4% of the company’s total annual gross revenue).
2. Impaired Customer Satisfaction
The significance of customer satisfaction and loyalty should never be neglected or underestimated. Not only can customer satisfaction help you differentiate yourself from the competition, but a loyal customer is often more profitable than a new one. Moreover, customers -satisfied or not- are more likely to share their thoughts about their experiences across the internet and social media. Customers’ mistrust, which may occur if they don’t feel you’re complying with GDPR, may result in a sales decrease, fewer growth potentials and eventually, lower profitability. A professional website translation company could help your company avoid any of these issues.
3. Loss of external suppliers
GDPR translation concerns everyone that is part of the company. Suppliers are an integral part of a company’s supply chain. Therefore, building solid and strong relationships with them is imperative. Not using GDPR translation when it’s needed fuels mistrust and uncertainty among the company’s suppliers. This may lead to cost increase and uncertain product quality.
4. GDPR translation shouldn’t be implemented just by countries in the EU