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The product names have changed over the last year or so. If we rename these wikis users who saved the current links may find they don't work. So for the purpose of clarity anywhere you still read "Studio Live", "Trados Live", "Language Cloud" you should map this to two products:
Trados Business Manager provides extensive integration with Trados Enterprise/Team, relatively new cloud-based translation management platform, which allows to manage translation work on a new level. Although some of functionalities of Business Manager and Trados Enterprise/Team are intersecting, the main focus of these two systems is different.
For now, Trados Enterprise/Team focuses on a translation process, and in general the process looks like this:
The whole process is controlled using smart UI based on tasks which allows users to focus on ongoing tasks.
Functionalities offered by Business Manager, which are currently (at time of writing - 19 Feb 2021) missing in Trados Enterprise/Team (which, however, could be implemented in future in Trados Enterprise/Team):
In other words, Business Manager focuses on actual control of the translation process and its financial parts.
In nested articles of this section you will find detailed information about existing integration possibilities between Trados Enterprise/Team and Trados Business Manager.