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Learning Management System

LMS ROI Calculator: Calculate the ROI of a Learning Management System

Are you considering implementing or upgrading a Learning Management System (LMS) for your business but wondering if it's worth the cost?

Do you need to know how to calculate the ROI of a Learning Management System? Don't worry, we've got you covered!

View ROI Calculator Visit Access LMS

Our LMS ROI Calculator can help you make an informed decision by estimating the potential return on investment (ROI) of an LMS.

Our online LMS ROI calculator is user-friendly and takes various factors into account to provide you with an ROI estimate. We also explain how the calculator works, so you can understand the calculation process.

By the end of this article, you'll have all the information you need to confidently understand the potential ROI of an LMS and how an LMS can align with your business goals. So, let's dive in and discover the potential ROI of an LMS for your organisation!

How to calculate the ROI of a Learning Management System

Understanding ROI, or return on investment, is crucial for evaluating the effectiveness of learning and development initiatives. While the basic principle remains consistent – comparing net benefits to costs – the intricacies become pronounced in the context of investing in a Learning Management System (LMS).

Calculating the ROI for L&D involves factoring in variables such as the LMS expenses and organisation-specific elements like workforce size. Quantifying the broad range of advantages from an LMS investment and aligning them with tangible metrics can be challenging.

This comprehensive approach to measuring ROI for learning and development considers not only the financial aspects but also the intricate interplay between the investment in the LMS, organisational dynamics, and the potential for enhanced performance.

Understanding the variables that effect LMS ROI

A range of internal factors, and specifics of the LMS can impact the return on investment. These include:

The size of your workforce
The cost of the LMS
Your labour costs
Your current training times and costs

Rest assured that you don't need to be an expert in calculating LMS ROI, as our LMS ROI calculator considers these factors as part of the calculation to provide you with an estimate of the potential ROI for your business.

Understanding LMS benefits to calculate ROI

The benefits of an LMS investment can be extensive, but they may not be immediately apparent. For example, these benefits can include:

Time saved on training administration
Costs saved on recruitment
Improved speed to competency
Costs and time saved through targeted training

These benefits can be challenging to both relate directly back to the LMS and to quantify, making it doubly difficult to calculate the ROI of an LMS investment.

When calculating potential LMS ROI the LMS ROI calculator on this page takes these benefits into account into the estimate.

LMS ROI Calculator

While other LMS solutions may not bring the same level of positive ROI as the LMS from Access Managed Learning (which you’ll see can be pretty impressive!), our LMS ROI calculator can help you get an idea of the potential financial benefits for your business that an LMS could bring.

Just gather the LMS ROI data points we've outlined here, plug them into the calculator, and see what the numbers say. And don't worry, we won't be storing any of your data.

While ROI predictions can give you an idea of what to expect, it's important to remember that they're just estimates. While they can be incredibly useful to demonstrate the potential return on investment, they're not set in stone.

So, ensure you look at ROI predictions as a guide to potential, and use this exercise as much for your own understanding of how to calculate the ROI of a learning management system.

If you’d rather discuss the potential ROI of an LMS for your business, you can request a call with our helpful team.