Question: Is there a cost-effective translation management tool that supports multiple languages and file formats?

Phrase is a full-translation and localization service that automates, manages and translates content at large scale. It's a customizable, cloud-based service employing AI technology, has more than 50 integration options and can handle many file formats. With tools like Phrase Orchestrator for automated workflows and Phrase Analytics for data visualization, it's geared for big companies trying to centralize and standardize localization.

Another option is Smartling, an AI-powered translation service that helps companies expand to customers around the world by translating, automating and managing multilingual content across many channels. It can handle a broad range of content types, integrates with many other services, and offers real-time collaboration and predictive machine learning tools to get better translations and lower costs.

For smaller teams, Crowdin is an AI-powered localization management service that automates and streamlines translations for multilingual products. It supports more than 600 apps and integrations, offers continuous localization, and has strong security controls. With pricing from a free tier to more advanced plans, Crowdin is geared for efficient localization work and automation.

Last, O.Translator is geared for translating documents with high accuracy and formatting preservation across many file formats. It supports more than 60 languages and offers competitive pricing for translation, so it's a good option for companies that want to handle their own document translation.