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 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.