Cost of an Enterprise LMS. What is a Fair Price?
“Pricing is the exchange rate you put on all the tangible and intangible aspects of your business. Value for cash” –Patrick Campbell.True, right? When we say ‘pricing,’ you should know that it applies to your company’s segment. And this applies to your Learning Management System as well. An LMS is a considerable expense, which MUST yield good. Return on Investments Although learning drives innovation, growth, and taps into unrealised revenues, it does have a price tag! But why to fear when we are here? First and foremost, let’s get this fact straight. Moving to an online learning platform always has a positive impact on your L&D budget. However, before considering the long-term cost benefits, we understand that you would be concerned about the upfront costs. And the first-time implementation price of an LMS does indeed seem intimidating. First-Time Cost of LMS: Where to Begin? Now, here are some wise words. Before you begin to panic after glancing at the numbers...