C-Suite Advisory

Factors You Need to Consider When Choosing an LMS Vendor

Learning management systems have emerged in recent years as a revolutionary way to both administer and track the training in any organization. LMS’s have begun to revolutionize the way that organizations approach continuing education. Because continuing education is essential to growing a business, choosing the right LMS to improve your organization is a critical decision that requires careful thought and consideration. But where to start?

To begin with, LMS is software designed to manage the training and education in schools and businesses. LMS software allows users and administrators to design, implement, and record the results of ongoing and completed training in real time, with composite reports that allows managers and leaders to determine how effective their training is, and how successful their subordinates are in completing their assigned training.

With the hundreds of LMS products out on the market today, the LMS vendor selection process can be very trying, especially if you’ve never used an LMS before. Here are some factors to make finding the right software easier for you:

  •      Know What Your Company Needs

 Gather information from the people in charge of the learning and development system of your company. If this is your first LMS, ask your staff how they go about training the incoming and existing employees. This is also the good time to ask them what specific features they require and what that they would like to have in an LMS.

If you already have an LMS and are looking for a replacement, determine why you need a new one and what improvements it must offer you. This will make the new LMS more suited to the changing requirements of your training.

  • Determine Your Company’s Technical Requirements

Information such as the existing software and platforms used, the number of users, integration into existing machines, and other factors need to be determined first. Will you be training people remotely? Will you have language barriers to overcome?

You need to check your company’s technical capacity to know if it can handle the additional storage and processing strain an LMS will place on your servers. You also need to know what the upgrade will cost, or if it will be affected when an increase in users and other unexpected situations occur. This will ensure that you get the most cost-effective LMS available.

  • Create a Shortlist

Once you’ve completed the above steps, you’re in a good place to begin shopping. To begin your search, start looking through reviews to get an idea of which vendors offer what you’re looking for. Read what actual users have to say about a certain product. You can get useful information from people who have used and tested the software, and get an honest and more factual review.

  • Evaluate the Products

 Now that you’ve set your sights on some LMSs, take an in-depth look at each of them. You can go to their websites or contact them directly and ask them what they have to offer. These vendors are always ready to answer your questions (they want your business, after all) so don’t be shy!

  • Consult the Experts

If you’re still in doubt, hiring a consulting expert can be the most effective solution for you. LMS consulting firms such as eLearning industry can help you get the most ideal LMS for your company. Of course, you still need to have your research results handy for them to get you the perfect fit, so be prepared to do a full evaluation of your organization.

Final Thoughts

An LMS can make a big impact on how you train your employees. It can increase your organization’s productivity and help make a huge difference in its success. It is an investment worth making that will help you accelerate past the curve of continuing education.

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Megan Batchelor
Executive features editor at The CEOWORLD magazine and lover of reality TV. I eat cereal for breakfast, lunch and dinner.