Over the past several years, the introduction of powerful new SaaS-based technologies, combined with increasingly remote workforces has led to a shift in how companies conduct their employee training programs.
A Learning Management System (LMS) is the application that is used to build, deliver, manage, and track an online learning program. While most LMS platforms are designed to support a single audience, a relatively new development in the industry is in the introduction of multi-tenant LMS architecture.
A multi-tenant LMS allows an administrator to launch a customized training environment to support various training audiences, both internal and external.
The Benefits of a Multi-Tenant LMS for Financial Services Companies
For financial services companies, some of the benefits of a multi-tenant LMS can include the following:
Cost-Effective
A Multi-Tenant LMS can provide cost savings for financial services companies by sharing the infrastructure costs among multiple tenants. This can also eliminate the need for an organization to purchase, install and maintain their own LMS.
Customization and Branding
A Multi-Tenant LMS can be customized and branded for each financial services company tenant, providing a personalized experience for their learners.
Security and Compliance
A Multi-Tenant LMS can provide a high level of security and compliance to meet regulatory requirements for financial services companies. The LMS can be designed to store confidential information, protect it from unauthorized access, and monitor user activity.
Scalability
A Multi-Tenant LMS can be easily scaled to accommodate the growing needs of financial services companies. It can also support multiple languages and learning styles to meet the needs of a diverse workforce.
Centralized Management
A Multi-Tenant LMS can provide centralized management of learning activities, courses, and user data for financial services companies. This can save time and effort by eliminating the need to manage multiple systems.
Enhanced Collaboration
A Multi-Tenant LMS can facilitate collaboration and knowledge sharing among financial services companies, their employees, and their customers. This can improve employee engagement, knowledge retention, and customer satisfaction.
Multi-Tenant LMS Use Cases for Financial Services Companies
The power and versatility of a multi-tenant LMS allow for the support of several use cases for financial services companies.
Employee Onboarding
A Multi-Tenant LMS can be used to provide onboarding training for new employees, introducing them to the company culture, policies, and procedures, as well as job-specific training.
Compliance Training
Financial services companies are subject to various regulatory requirements, such as anti-money laundering, data protection, and risk management. A Multi-Tenant LMS can provide compliance training for employees, ensuring they understand the regulations and their responsibilities.
Product Training
Financial services companies offer a wide range of products and services, such as insurance, banking, and investment. A Multi-Tenant LMS can provide product training for employees, helping them understand the features, benefits, and sales techniques.
Customer Education
Financial services companies can use a Multi-Tenant LMS to educate their customers about their products and services, providing interactive and engaging learning experiences that can improve customer satisfaction and loyalty.
Partner Training
Financial services companies often work with partners, such as brokers, agents, and distributors. A Multi-Tenant LMS can provide partner training, ensuring they understand the products, processes, and compliance requirements.
Leadership Development
Financial services companies can use a Multi-Tenant LMS to develop the leadership skills of their managers and executives, providing courses on communication, coaching, and strategic planning.
Continuing Professional Education
Financial services companies often require their employees to maintain professional licenses and certifications. A Multi-Tenant LMS can provide continuing education courses, allowing employees to earn credits and stay up-to-date with industry trends and best practices.
About LMS Portals
At LMS Portals, we provide our clients and partners with a SaaS-based, multi-tenant learning management system that allows you to launch a dedicated training environment (a portal) for each of your unique audiences.
Our platform is ideal for financial services companies as it includes an embedded course authoring tool that enables most anyone to build engaging courses quickly and easily, using existing digital content, such as videos, PDFs, SCORM files, PowerPoints, and more.
The system allows you to Virtual Instructor-Led Training (VILT) sessions and include quizzes and assignments to assess user comprehension. If you choose to, you can then group courses into Learning Paths to add structure to your training program.
The LMS Portals platform also offers a powerful reporting and analytics engine, as well as the ability to launch discussion boards for social learning.
Contact us today to get started or visit our Partner Program pages