Call transcription: How does it improve business calls?

Key takeaways
  • Call transcription captures conversation details, reducing miscommunication and ensuring clarity.
  • Automatic phone call transcription feature summarization enhances productivity, providing quick overviews of conversations for easier follow-ups.
  • Transcriptions improve collaboration and accessibility, allowing teams to stay aligned and helping non-native speakers understand conversations better.
  • The call transcription should support compliance and legal security, ensuring businesses maintain accurate records for audits & regulatory requirements.  

Have you ever walked out of a meeting, thinking that you knew every minute detail, only to realize that key points have already faded from memory? Then, you are not alone.

Unless you have a mind like Sheldon (from Big Bang Theory) or Mike Ross (from Suits), recalling conversations word for word is a challenge. And that is when call transcription becomes a useful feature for your business.

82% of B2B decision makers think you are unprepared for the business's sales call. By transcribing phone calls or meetings, companies can easily capture every detail, eliminate guesswork, and improve customer interaction calls.

In this guide, you will understand the definition of call transcription, the best tool available, the benefits of using these modern tools, and how AI is revolutionizing it.

What is a call transcription?

Call transcription, popularly known as speech-to-text technology, converts conversation into written texts, making it easier to capture every detail of a phone call or meeting in precision.

Businesses tend to use call transcription for identifying patterns:

  • Identify patterns - Know customer behaviors and trends through getting precise sales interactions.
  • Enhance customer support - Gain deeper insights into customer concerns and improve decision-maker responses.
  • Evaluate team performance - Monitor communication effectiveness and refine sales strategies.
  • Streamline workflows - Reduce the manual effort with the help of automated documentation.
  • Drive smarter decisions - Use real-time insights to make data-driven decisions for businesses.

By phone call transcription, companies can easily make the regular calls even more convincing for decision-makers, making it a game-changer feature for small to enterprise-level businesses.

Why should companies transcribe phone calls & meetings?

Companies should transcribe phone calls in real-time and meetings because it helps in:

  • Eliminating misunderstandings
  • Improving productivity
  • Streamlining decision-making.

Key details can be forgotten or misinterpreted without an accurate record, leading to confusion and inefficiencies.

Transcriptions ensure that every agreement, action item, and critical discussion is documented, reducing the need for follow-ups and thus making collaboration smoother.

The call transcription app also helps teams stay organized, improve customer interactions, and provide valuable training and performance analysis insights.

Beyond the convenience, transcription supports compliance, legal protection, and data-driven decision-making, making it an essential tool for businesses looking to enhance communication and sales operational efficiency.

Benefits of meeting call transcription 

70% of customers demand natural and conversational experiences. That’s why the meeting call transcription feature is crucial for enhancing the call experience and boosting the efficiency of your business:  

Benefits of having a call transcription in the business

-> Maintain clarity and alignment

In meetings and phone calls, everyone interprets discussions differently, leading to confusion and misalignment on minute pointers. The transcription feature tends to eliminate this issue by creating a shared, accurate record and transcribing sales calls.

This ensures that everyone stays on the same page for teams, reducing miscommunication and improving collaboration. Instead of relying on memory or scattered notes, employees can refer to call transcripts to clarify decisions and action items and scan through important details.

For individuals, call transcription removes the guesswork, helping them recall conversations accurately and avoid misunderstandings.

Whether it’s a customer call, a sales discussion, or a strategy meeting, having a precise record ensures that every piece of information is taken care of.

-> Boost efficiency and save time

Manually re-listening to call recordings or scrubbing through video meetings to find key points is frustrating and time-consuming.

Call transcription software can help eliminate this hassle by providing a searchable text record, allowing you to quickly locate important details without manually reviewing hours of audio and video files.

Call transcription can streamline workflows and enhance productivity, whether it’s tracking action items, referencing customer discussions, or capturing key insights.

-> Make information easy to find and access

Digging through hours of call recordings to find a single piece of information is resource-burning and frustrating.

With call transcription, conversations become searchable text, allowing you to instantly locate key details with a simple keyword search “Ctrl+F” in a document.

This makes it effortless to follow up on action items, review key discussions, and prepare summaries or meeting minutes without replaying lengthy recordings.

Whether you’re recalling an important decision, tracking a commitment, or preparing for the next meeting, call transcription ensures that critical information is at your fingertips.

-> Enhance workflow and productivity

When you are not busy scribbling notes during a meeting or phone call, you can fully engage in the conversation and focus on what truly matters.

Call transcription eliminates the need for multitasking, allowing you to be present and contribute effectively.

With an accurate phone transcription available, you can easily review discussions, extract key action items, and streamline all the follow-ups.

-> Promote inclusivity and accessibility

Call and meeting transcriptions go beyond convenience. They ensure that everyone can fully engage in conversations.

For colleagues or customers with hearing impairments, having a written record of discussions allows them to stay informed and participate without barriers.

Additionally, phone transcription supports non-native speakers who may struggle with fast-paced conversations, enabling them to review the discussion at their own pace.

The call transcription feature is invaluable for team members who cannot attend a meeting. It allows them to catch up quickly without relying on secondhand summaries.

-> Ensure compliance and legal security

In industries like law, healthcare, and finance, maintaining accurate records of phone conversations is not just best practice but also a regulatory necessity.

Call transcription provides a clear, time-stamped record of discussions, ensuring compliance with industry regulations and protecting businesses from legal risks.

A reliable call transcription can be crucial during audits, legal disputes, or compliance checks, as it verifies what was communicated.

By keeping detailed and accurate records, businesses can reduce liability, improve accountability, and ensure adherence to industry standards, making call transcription an essential tool for legal security.

Prominent features of a high-quality call transcription app

When selecting a high-quality call transcription app, always consider the following key features to enhance your business transcription records:

Features of a high quality call transcription app

-> Real-time transcription

Converts spoken words into text instantly during the conversation with speech recognition technology, enabling immediate access to every call detail.

-> Multi-language support

The call transcription app offers voice call services in various languages, accommodating diverse user needs and helping in smooth communication.

-> Speaker identification

Differentiates between the labels of multiple speakers within a conversation, enhancing clarity in multi-participant discussions through speech-to-text transcription.

-> Noise reduction

Minimizes background noise of the recorded call to produce clearer and more accurate call transcriptions for your business.

-> Searchable transcripts

It allows users to search for specific keywords or phrases within the app that transcribe phone calls with audio and video recordings, facilitating quick information retrieval.

-> Analytics and reporting

Automatic call transcriptions include sentiment analysis, keyword spotting, and sales trend analysis to derive actionable insights from conversations.

-> Integration capabilities

Seamlessly connects with other tools, such as CRM systems with audio conversations, enhancing workflow efficiency.

-> Security and compliance

Ensuring data protection through end-to-end encryption and adherence to industry-specific regulations, safeguarding sensitive information through natural language processing.

These features collectively enhance the functionality and effectiveness of call transcription applications, making them invaluable tools for businesses and professionals.

Salesmate – Your call transcription expert with other advanced features

This automation-driven CRM is an efficient call transcription app that has multiple features:

  • Contact management: All your customer interactions, whether phone calls, meetings, or support conversations, are automatically transcribed and added to your contact records.
  • Marketing automation: Call transcription enhances marketing automation by providing a deeper understanding of customer conversations.
  • Sales automation: Leverage call transcription to fully automate your sales process. From prospecting to closing deals, transcriptions of sales calls can help automate follow-ups, track key discussion points, and maintain engagement.
  • Smart emails: By integrating call transcription with email campaigns, you can create more personalized and timely messages.
  • Sequences: With call transcriptions, you can fine-tune your sales follow-up email sequences based on the insights gathered during calls.
  • Customized reporting: Take reporting to the next level by including insights from call transcriptions. With real-time analysis, you can create customized reports on sales performance, customer interactions, and engagement patterns.

Turn your every call into an opportunity!

Through Salesmate, boost your sales with actionable insights of every customer call

Turn your every call into an opportunity!

How AI is revolutionizing call transcription?

AI call transcription offers advanced automation with its features. Let’s explore the differences and distinct features it provides:

Traditional transcription vs. AI-powered transcription

AspectTraditional transcriptionAI powered call transcription
ProcessManually transcribed by human professionalsUses AI and speech recognition to convert speech to text
SpeedTime-consuming, can take hours or daysReal-time or near-instant transcription
AccuracyHigh accuracy, especially for complex speechHigh accuracy, but may require manual review
CostExpensive due to human laborMore cost-effective, with subscription-based pricing
ScalabilityLimited; slow turnaround for large volumesEasily scales for high-volume calls and businesses
Language supportDepends on human transcription expertise, limited by available transcribersSupports multiple languages with AI-based recognition
Speaker identificationManual labeling of speakersAI automatically detects and labels speakers
Noise handlingCan distinguish words despite background noiseUses noise reduction but may struggle with heavy distortion
SearchabilityRequires manual review to find key detailsProvides searchable transcripts with keyword detection
IntegrationRequires additional steps to upload data to CRM or support toolsSeamlessly integrates with CRM, customer support, and analytics tools
Use casesLegal, medical, media transcription requiring human reviewSales, customer support, compliance, and business intelligence

Features of modern AI tools

  • Keyword detection: AI-powered call transcription tools can automatically identify and highlight important keywords within conversations.
  • Sentiment analysis: AI transcription tools go beyond just converting speech-to-text. They can analyze the tone and emotion behind spoken words.
  • Automatic summarization: While reading through an entire transcript, AI tools can generate a concise summary of the conversation, highlighting key points, action items, and decisions made.

Wrap up!

Call transcription is not just about converting speech into text. It's about unlocking valuable insights, improving communication, and streamlining automation workflows.

Whether you are in sales, customer support, or compliance, having accurate, searchable, and AI-powered transcriptions ensures that no detail is lost, and every conversation contributes to smarter decision-making.

With modern AI transcription tools offering features like keyword detection, sentiment analysis, and automatic summaries, businesses can effortlessly enhance productivity, boost collaboration, and maintain compliance.

If you are ready to improve your call management, Salesmate provides an intuitive and powerful call transcription solution that helps you turn conversations into growth opportunities.

Frequently asked questions

1.  How to transcribe phone calls?

When you are willing to use this automated feature, it's best to avail yourself of AI powered software call recording transcription app, or manual transcription services that provide tools like Salesmate, making capturing and analyzing conversations easy.   

The process mainly involves recording the call, converting the transcribed phone call to text using an automated tool, and then reviewing the transcription for accuracy.  

2. Is transcribing a phone call illegal?

The legality of the best call transcription software depends on consent laws in your country or state. In one-party consent states, only one participant must agree to the recording. 

In two-party consent states, everyone must give all the permission. Businesses should always check local regulations and inform participants before recording or transcribing calls to ensure compliance.

3. How accurate are automated transcription services?

The accuracy of a phone call recording and transcription app depends on factors such as video or audio file quality, background noise, accents, and speaking clarity. 

There are advanced AI-powered tools that can achieve 85 to 95% accuracy, but they may still require manual review of perfect decisions. 

Besides, the best results are available from transcripts of phone calls, clear audio recordings, and high-quality speech recognition software. 

4. Can call transcription services handle multiple languages?

Yes, many live transcription software support multiple languages. Advanced AI-powered tools can transcribe calls in different languages and detect various speakers. 

However, accuracy may depend on language complexity, accents, and background noise. Always check if the transcription service supports the specific language you need. 

Yes, many live transcription software support multiple languages. Advanced AI-powered tools can transcribe calls in different languages and detect various speakers. 

However, accuracy may depend on language complexity, accents, and background noise. Always check if the transcription service supports the specific language you need. 

5. How secure are call transcription services?

The call transcription software uses encryption, access controls, and compliance measures to keep data secure. 

Leading platforms protect sensitive information using GDPR, HIPAA, or SOC2 standards. However, security levels vary, so it's essential to choose a service that meets your industry's privacy and compliance requirements.

Juhi Desai

Juhi is a passionate writer and reader. She is working with the team of content creators at Salesmate. Always seeking to learn something new, Juhi has an optimistic approach towards life. When she is not writing you can find her with a book and a coffee by her side.

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