1. A computer system comprising: a processor configured to execute instructions accessed from an application stored in a non-transitory computer readable medium, the application comprising: an interface module configured to provide a transcript interface for displaying a plurality of words of a transcript and receive a command identifying a selected word of the transcript and a desired edit to the transcript from a plurality of permitted edits; and a transcript manager module configured to edit a transcript dataset corresponding to the transcript in response to the command, wherein the transcript dataset comprises the plurality of words and data correlating each of the plurality of the words to a respective point in time, wherein editing the transcript dataset comprises merging the selected word with an adjacent word by creating a new data item comprising the text of the selected word and the adjacent word combined and a time index marker corresponding to an earlier point in time as between the selected word and the adjacent word.