Cutting Corporate Training Expenses With A Cloud-Based LMS Solution

Cloud solutions are good for many digital infrastructure projects, and they also can be a great instrument to cut corporate training expenses. They reduce or eliminate the need to buy and set up their own computational facilities, which may cost thousands of dollars if the company should deal with a lot of data. For corporate education, while Learning Management Systems (LMSs) can be installed on your server, they can also be deployed as a cloud solution. Let’s look at the peculiarities and advantages of this approach in education.

Online Training Cost Savings: Adopting A Cloud-Based Solution

Online training can be highly beneficial for any company, as it saves money and is much more convenient compared to traditional educational methods. Nowadays, more than 30% of the workforce works remotely, and this percentage will probably rise even though some managers try to force employees back to offices. This trend shows that remote, Internet-based work activities are more convenient for people, but they also may be much more efficient. Let’s see how remote work and education may benefit companies.

• It doesn’t require physical space and transportation, leading to lower corporate training costs.
• It can be conducted remotely, even while employees are staying at home.
• It connects people from different locations in a single virtual space.
• It’s much easier to organize, using applications like Learning Management Systems.

Here, we’ll show why cloud LMSs are the best way to implement online corporate education in the company.

Generally, cloud solutions use remote servers, accessible via the Internet, which are specifically set up for a certain purpose. Examples are file storage, computations, program debugging, or data management. Learning management can also be realized as a cloud solution, and it has many benefits over hosting your own learning facilities.

What Is A Cloud-Based Training Platform?

It’s a physical computer, accessible online and set up by a third party for specific purposes. For example, it may be used solely for file storage, but its interface is designed to make file management as user-friendly as possible. Some of these solutions are designed for software developers to help them write and deploy their programs.

Virtual training solutions work similarly: they include remote file storage and processing facilities with an interface for learning management. As with other services, they also include a variety of features to make the process easy to manage.

Such solutions reduce training costs by eliminating the need to build your own training capacities. No corporate computers need to be allocated for educational material storage and management, and no specific programs should be deployed for organizing the education process. All these processes are handled by the cloud service provider, and your managers can ask questions when needed instead of trying to solve the problems themselves.

An LMS for budget-friendly training is not the one that costs zero money, but the one that saves you much more than its price. Therefore, cloud solutions help companies focus on their core activities without spending time and money on the organization.

Cloud-Based LMS Solution Savings

It can save a lot, even more than one can think. The popularity of cloud computing follows from the fact that the labor division is highly beneficial for the economy as a whole. It ensures that everyone focuses on their key tasks without being distracted. Other necessary tasks, such as providing the necessary infrastructure, are handled by other companies, who are similarly focused on their key activities. The LMS developer focuses on building and deploying the LMS and handles all problems of its customers, who can focus on their own corporate activities, be it manufacturing or software development.

Now, let’s see how to evaluate the amount of money that can be saved when applying this approach to ensure cost-effective corporate training.

Free Services: Benefits And Drawbacks

Some solutions look attractive for their low price, but they have hidden hurdles. Let’s take a free and open-source LMS as an example. These are usually designed as a community solution, so while you don’t need to pay anything, you should install, deploy, and organize the LMS by yourself. It requires specific knowledge and hours of documentation reading. Sometimes, there are different LMS distributions, some of which are paid, and hundreds of plugins that can also expand its functionalities. Affordable commercial employee training solutions may be eventually cheaper, as they can be deployed many times faster and their support teams handle most organizational tasks.

In many ways, the situation is similar to the Linux operating system core, which is realized in various distributions, both free and paid. Still, most people continue to use Windows, which isn’t open-source and free, but provides customer support and regular updates, and is much more user-friendly. As Linux systems are usually used by IT specialists and enthusiasts, various LMS distributions are deployed by education enthusiasts. Your training software for cost savings may be a commercial LMS, but the overall expenses still will be lower.

Some LMS platforms can offer flexible pricing, so you can choose only those features you actually need, without overpayments. For as little as $1/user/month, you can launch an LMS that requires less than 2 hours to deploy, while its support team will handle all your requests.

How To Calculate Cloud Services Savings

To optimize the corporate training budget and calculate exact numbers during the selection and deployment of your LMS, try to evaluate how much time you should spend on deployment. Then, evaluate how you should allocate these tasks to your employees, and which tasks they might complete instead during this time. Eventually, review the approximate value of these tasks, and you’ll see the actual expenses of organizing the corporate education facilities by yourself. Then, compare them with the price of the cloud LMS you chose.

That’s why the labor division is indeed valuable and profitable: it protects you from these expenses, usually with much lower investments.

Efficient Corporate Training: Closing Thoughts

Instead of setting up your own learning facilities, it may be much cheaper to connect a cloud Learning Management System. Cloud services have revolutionized many industries that require disk space, computations, or other digital infrastructure elements. They free companies from the need to set up these capacities manually, creating user-friendly interfaces accessible via the Internet and providing support for each question.

To choose the right LMS for cost-efficient training, evaluate which learning approach and features you need and how much you can invest in it. Whether you need a high level of personalization for diverse teams, advanced AI features, or dynamic social learning, it means a very different choice.

CleverLMS

CleverLMS is a versatile training and management platform tailored for businesses. CleverLMS offers features for interactive employee training, task management, knowledge sharing, and fostering corporate culture.