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Calculating the ROI of your Learning Management System: How Resultsondemand Can Change your Organizations Equation
Author: Sumtotal SystemsIn this whitepaper you will see:
1. The best way to assess how an LMS can positively affect your business by focusing on improving one process.
2. How to calculate an LMSs real cost of ownership.
This can be assessed in either a Software-as-a-Service (SaaS) solution or a traditional software purchase model.
If you have experience managing learning and talent, you already understand that an LMS will assist your organization cut costs or improve profits. But how do you display that return-oninvestment (ROI) to others? The more clearly you can display how an LMS will positively affect your bottom-line; the easier it will be to get company buy-in.
Technology improvements and new deployment models now allow companies to get the learning management industrys best functionality with more affordable, hands-off solutions. This development has changed the way companies look at their learning ROI. Organizations can now focus on one program, regardless of how many groups will benefit from the LMS, and justify the investment.
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Keywords:
learning