A hidden source of efficiency for translation companies
LSP cost structure
Focusing on your supply chain management process can really boost your profits. It is the second largest expense for an LSP (Language Services Provider) business after direct supplier costs. With Smartcat, you can cut your operational expenses by 10–20%, which often leads to a 50–100% increase in net profit or frees up extra money for you to grow your business.
35% Supply Chain Management
5-10% EBITDA growth when Supply Chain Management is automated
40% Supplier costs
15% G&A + S&M
Most LSPs suffer from the following costly and resource-intensive processes:
Searching for reliable suppliers, evaluating the quality of their services, and their onboarding.
Emailing and transferring files back and forth and managing deadlines.
Calculating payouts, updating the calculations, processing payouts and managing any related paperwork.
In Smartcat, managing supply chains of any complexity and depth is easy, so you can get more done
Search & Hiring
Find all the suppliers you need in Smartcat’s Marketplace, which currently boasts 110,000+ registered freelancers to choose from.
Hire freelancers and agencies located all around the globe.
Select suppliers based on your requirements and test them.