Yes there is! We use this workflow, and it adds quite a bit of automation.
First, we’ve not had good success with Premiere Pro’s Speech Analysis. You’re experience may be better, but we’ve found that the time we spend editing the transcript that is created is better spent doing other tasks, and simply send the audio to a transcriptions service. I know that it can seem less expensive to do it yourself, but please keep in mind that your time IS worth money, and you have to weigh it’s value.
Next, once you have your transcript in hand, use a program like Subtitle Workshop to develop a subtitle file(SRT). There are many such programs out there, but we like Subtitle Workshop, plus it’s free.
Then use this most excellent After Effects plugin, ‘pt_ImportSubtitles’, which can be found easily by Googling. It’s only $25. ‘pt_ImportSubtitles’ will directly import the SRT file created by Subtitle Workshop, giving you a timeline of the subtitles to then place directly over your video, either by rendering a separate video file, or via Dynamic Linking.
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“98% of all computer issues can be solved by simply pressing ‘F1’.”
Steve Brame
creative illusions Productions