A TMS helps overcome 7 key challenges mentioned below and is therefore considered to be an important investment for organizations.
The need to maintain a separate LMS
Many Training Management Systems sport a built-in LMS. This helps the Training and Development teams keep all training and learning resources in one central repository without working on a separate LMS.
The necessity to employ a CRM
A good TMS also includes the functionality of a customer relationship management (CRM) system. This allows organizations to collate and derive insights for better decision-making right from within the TMS interface (Simplylearn). It can also notify customers when courses are about to expire and point out courses that they may be interested in.
The spiralling cost of maintaining different software
Since a good TMS includes the features of a CRM and LMS it means its much economical in comparison to maintaining multiple systems. Also, it helps generate a much higher ROI for training programs due to the same reason.
Keeping track of Instructor-Led Training and eLearning
A TMS can help administer and manage both instructor-led training and eLearning simultaneously from the same interface. Hence, it’s the best choice for organizations that prefer to offer blended learning. A TMS offers the ability to monitor the resources and reports of both types of training separately to clearly measure training milestones.
Limited sales of course content
TMS can also be a sharp sales tool if used to its fullest. It can allow organizations to sell their courses online, send promotional emails to target audiences along with a direct joining link to the courses. The Training Management System also allows showcasing courses on the company website allowing users to evaluate the course before opting for one. Lastly, TMS can also have built-in functionality to sell online courses and receive payments securely.
A drain of man-hours in the training function
Since a TMS is a superset of the LMS it performs a much wider gamut of services besides administrating, monitoring and tracking eLearning and training sessions. It also streamlines communications, helps manage customer relations, sends, collate and analyzes survey results, manages employee records and sales. With an intuitive UI, a TMS can help organizations effortlessly build complex schedules, assign trainers and resources, and track cost per session without spending too many hours.
Keeping track of learning curves
.A Training Management System (TMS) is not just an eLearning platform but an end-to-end learning environment. As with all learning environments, it is a very competent tool to collate and present learning resources for learners. However, where it truly shines is in helping the Training Department of a company or a dedicated training services company operate it as a profit center.