Updated: Apr 25, 2021
As the global business climate continues to become more complex, the opportunity has increased for consulting and training organizations to create new revenue streams through employee training and development programs. Companies of all sizes are understanding that their employees are, in fact, their most valuable assets. And that effective corporate training programs have proven to increase the amount of revenue they generate on a per employee basis, while also improving their bottom line.
In years past, the only option that companies had for corporate training was in classroom-based instruction. However, the continued evolution of web-based technologies, combined with a significant increase in the number of remote workers (driven by COVID-19) has made online learning, or “eLearning” the preferred approach to most of today’s corporate training initiatives. And the core technology that supports eLearning of all kinds, including corporate training programs, is a Learning Management System (LMS).
LMS Deployment Options: Cloud vs. On-Premises
While some companies choose to deploy and launch an LMS on their own server and infrastructure, this option tends to be more appealing to larger organizations that can allocate the resources (both financial and labor) to the deployment and ongoing management of the system.
The more popular approach for smaller and mid-sized businesses is in working with a cloud or “SaaS-based” LMS offered by a third-party vendor. A SaaS-based LMS not only reduces your timeframe to go-to-market with your eLearning program, it also offloads the ongoing management and maintenance of the system to the SaaS LMS vendor, thus enabling your company to focus on the sale and delivery of corporate training to your clients.
And with a SaaS LMS, you can easily scale the system as your client base grows, without a need for planning or acquiring any additional hardware or software. The SaaS LMS vendor will handle all of this for your using their infrastructure.
The Benefits of a Multi-Tenant LMS for Corporate Training Revenue Opportunities
The other choice you have when determining which type of LMS will best support your corporate training offerings is in choosing between a single tenant LMS and a multi-tenant LMS.
A single tenant LMS is a deployment and architecture in which a single instance of the application and supporting resources are dedicated to one client. While this option does offer a great deal of flexibility, it can be expensive and difficult to scale. Given that, a single tenant LMS architecture is not typically seen as a good option for a company that is looking to monetize corporate training programs and services.
A multi-tenant LMS, on the other hand, is an LMS deployment option that allows for shared resources among your client base. With multitenancy, your company can easily “spin up” new instances of the application each time you bring a new client on board. Each portal can be branded for that specific client and can offer the specific courses and learning paths required for that client engagement.
In addition, multi-tenant LMS offerings tend to be much less expensive than single tenant deployments, and ensure that each of your clients is always working with the ‘latest and greatest’ version of the LMS software, since upgrades and updates are instantly propagated across all of the application instances.
LMS Portals: An LMS to Drive Corporate Training Programs and Revenue Opportunities
LMS Portals offers a cloud-based, multi-tenant LMS that allows our clients and partners to launch and manage multiple, private eLearning environments, all from a single centralized console. Using LMS Portals, you can dynamically and instantly launch new eLearning environments (portals) as you sign on new clients for online corporate training engagements. And each portal will have its own corporate branding elements, onboarding tools, messaging, reporting, and more.