Determine the total cost of owning LMS
Before evaluating providers to resolve the training and development needs of your company, it’s vital to decide which variables will determine the total cost of owning LMS. LMS vendors will consider these variables while determining the total LMS implementation cost:
LMS Software Costs
Most LMS providers demand on a per learner/per year basis. Also, there are vendors charging per active users or per learner/per user basis. When going for subscription models, it’s crucial to consider the growth factor of your organization. Particularly for high-turnover or growth-oriented businesses, it’s a good idea to look into LMS cost during the initial exploration process to see if an increase in user base is feasible. Even at $10/user, for instance, this oversight could become costly.
Learning and development professionals may not always think about LMS implementation costs involved for client support, training, data migration, configuration, or additional services while considering LMS providers. However, these are all vital variables for LMS pricing—by administrators and learners alike. These implementation costs are of utmost importance at the beginning of an agreement, they’ll provide you with a clear idea of what the first year’s costs will be and how the ongoing costs could decrease.
Add-Ons and Integrations cost
When you look for an LMS solution for your desired LMS cost for specific business requirements make sure there is a use case for add-ons and integrations. This will outline how these additions will benefit future learning needs. In spite of solving for the now, businesses must be able to visualize how an LMS will help evolve the organization’s goals. To help distinguish the required functionalities versus the additional ones, plan your organization’s short and long-term learning goals prior to looking for LMS pricing models. Further, ask vendors about integrations and add-on options that help you to generate accurate data and detailed reports with an improved learning experience.
Take for instance, If you want to integrate an LMS with an existing HRIS software, an LMS vendor may ask for extra or hidden cost to you. It is better to cross-check the LMS pricing model. Similarly, there are other expenses that can go unnoticed such as LMS training cost and support where access to a dedicated service manager is required.
Take advantage of free demos and trials to find a fit for your needs and to prevent buyer’s remorse. Experience Paradiso LMS for yourself, Go for a free trial today!
Get the chance to experience the multiverse of eLearning by knowing more about LMS with Paradiso Solutions now. Please visit our website at paradisosolutions.com, send an email to [email protected] or call us to talk with one of our LMS experts at +1 800 513 5902