To help prevent companies overpaying for an LMS, the Acorn Experts have released a guide on LMS Pricing models and hidden costs.
Online PR News – 27-May-2021 – Canberra – When it comes to picking a learning management system, pricing is the deciding factor for many organisations. So why do many end up paying 59% more than they need to? Seeking to better inform the market and reduce this figure, the Acorn internal subject matter experts have crafted a detailed guide which explores pricing models, hidden costs and how organisations can find their best solutions. Acorn is a product of Pursuit Technology, and the full article can be found on their Acorn Labs blog: https://bit.ly/3orve47
When it comes to pricing models for an LMS, there are two options: cloud hosted and locally hosted. For cloud hosted platforms, pricing commonly revolves around pay-per-learner, pay-per-active-user and pay-as-you-go models. For locally hosted platforms you’ll find subscription, single payment and freemium models.
Beyond pricing models, there are always hidden costs organisations will want to look out for. Sometimes these aren’t found until the final proposal. They include things like maintenance, training, support, content creation and implementation.
Conducting due-diligence is important when it comes to finding value and the article is quick to note this. Blake Proberts (Co-Founder and Managing Director) says even “just viewing a vendor’s pricing plans doesn’t give you the whole picture of cost.”
“Number of users is usually what upfront pricing plans are based on. It will pay to push back on things that will affect your day-to-day use of the LMS, like the cost of system maintenance, content creation, data migration, and not just support, but training too.”
The article guides organisations on what they need to define and how this will help them find the best-fitting solution.
In addition to being a useful information resource, the article?also?provides?a?handy LMS Pricing Comparison Guide for potential users to weigh up their options and expose hidden costs.
Pursuit Technology is a software development company which seeks to streamline systems?through?innovative solutions and unlock the potential of the workforce. Pursuit is all about putting the customer at the centre of everything we create. Since the inception of our Acorn LMS seven years ago, we’ve worked with everyone from local businesses to federal government agencies. In that time, we’ve maintained a 100% retention rate. Our Acorn LMS contains all the tools needed to support workforces – from onboarding and inductions through?to?compliance and ongoing development.?