Industry Research: Build a Learning Business Case
The ROI of a Next -Generation LMS
Posted on 06-20-2019, Read Time: Min
Share:
.jpg){kind=logo}
If your learning management system (LMS) is more than a few years old, you’re likely missing out on new, important capabilities. This isn’t just about new fads or cool technology, it’s about real learning outcomes being out of reach.
Learning is essential to any organization’s success because it improves business results, boosts productivity, and increases organizational competitiveness. Learning helps produce positive business outcomes in critical areas and at key moments in an organization’s development, such as during mergers and acquisitions, restructurings, and product launches.
Outdated LMSs are holding organizations back, yet they’re often one of the last enterprise software systems to be replaced. For some, it’s seen as a cost center or simply a compliance exercise that only requires the bare minimum investment.
That puts the onus on learning leaders and stakeholders to make a strong business case for upgrading.
More than two-thirds of companies believe moving to next-generation learning is urgent or important, yet only 6% have mastered the technology and content aspects of learning. Deloitte
Building Your Business Case
Depending on your organization, you’ll need to build a business case for a new technology purchase.
In our experience, this generally involves communicating four key points to focus on for the greatest business impact.
In our experience, this generally involves communicating four key points to focus on for the greatest business impact.
1. WHAT’STHE BUSINESS PROBLEM?
The organization is facing one or more of the following issues:
- Increased compliance pressure
- Looming skills gaps
- Lack of engagement and productivity
- Ineffective learning resources
2. WHAT’S THE CURRENT STATE?
The organization has outdated learning systems:
- They’re disparate and expensive to maintain
- Learning is inaccessible outside of the organization or on mobile devices
- The old system is hurting user adoption
- The provider is discontinuing support for the current solution
- There is a lack of analytics and reporting that internal stakeholders need in order to make decisions
3. WHY DO WE NEED A DIFFERENT SOLUTION?
The organization needs a better-performing learning solution that:
- Reduces costs or increases efficiency
- Reduces dependence and cost of in-person, instructor-led training
- Increases availability with a cloud-based solution
- Ensures 100 percent certainty on compliance
- Increases skills and delivers better outcomes cross the workforce
- Creates a secure learning infrastructure
4. THE PROPOSED SOLUTION
The organization can solve problems and fix the status quo if you find a solution that meets all these broad needs as well as some of the discrete challenges you face. Specifically, support infrastructure and implementation are two areas to be certain of before finalizing the business case.
Not every single bullet and statistic we provide is going to be helpful to your specific situation, and there may be additional reasons why your organization needs to make a swift change to a new LMS. Feel free to use this as a guide to build a compelling case that will help you accomplish what you need.
SAP SuccessFactors offers a way to move to a next-generation LMS that considers many of your organization’s concerns. Our learning solution is a single, simple learning platform that improves engagement and reduces complexity and cost. It’s secure and compliant, and will enable you to develop your employees, close skills gaps, and deliver better learning outcomes more effectively and efficiently. Furthermore, it’s only one part of a comprehensive talent management suite. SAP SuccessFactors simplifies talent management so you can proactively act, easily measure, and clearly communicate talent results and business impact.
Want to learn more about a next-generation learning system and get more resources to help build your business case? SAP SuccessFactors has the people, tools, and — most important — the experience to help you transform your learning business. To get started, visit our website www.successfactors.com/learning or contact us at successfactorslearning@sap.com for more information
Not every single bullet and statistic we provide is going to be helpful to your specific situation, and there may be additional reasons why your organization needs to make a swift change to a new LMS. Feel free to use this as a guide to build a compelling case that will help you accomplish what you need.
SAP SuccessFactors offers a way to move to a next-generation LMS that considers many of your organization’s concerns. Our learning solution is a single, simple learning platform that improves engagement and reduces complexity and cost. It’s secure and compliant, and will enable you to develop your employees, close skills gaps, and deliver better learning outcomes more effectively and efficiently. Furthermore, it’s only one part of a comprehensive talent management suite. SAP SuccessFactors simplifies talent management so you can proactively act, easily measure, and clearly communicate talent results and business impact.
Want to learn more about a next-generation learning system and get more resources to help build your business case? SAP SuccessFactors has the people, tools, and — most important — the experience to help you transform your learning business. To get started, visit our website www.successfactors.com/learning or contact us at successfactorslearning@sap.com for more information
Author Bio
| Margit Bauer has worked for SAP for many years in different roles but always as part of the HCM community. She has held roles as an HR IT consultant, in presales, in solution management and now in solution Marketing. As Director Solution Marketing SAP SuccessFactors, she has covered different talent management areas building up a broad HCM knowledge now being responsible for Onboarding and Learning. Connect Margit Bauer Visit www.sap.com Follow @SAP |
Error: No such template "/CustomCode/topleader/category"!
