The Challenge: Managing training costs and
improving financial performance.
Are you managing training costs manually, having to juggle spreadsheets and track invoices via email without the data you need to make smart decisions? You’re not alone. Many organizations lack control over their training budget and spending decisions, as well as the tools to accurately forecast future expenditures. Improving your training organization’s financial performance often means:
• Developing an appropriate budget for training and development programs
• Deciding where and how to allocate a training budget
• Monitoring and controlling training program development costs
• Forecasting new and future costs of training employees and other activities
However, managing these tasks manually, without real-time data to support important decisions is time-intensive and error-prone.
The Solution: Intelligently-designed software to better track, control, and forecast training investments and needs.
Training Orchestra’s intuitive training budget management functionality helps organizations reduce costs by giving you visibility and control over your classroom and virtual instructor-led training investments. Our Training Resource Management System allows your organization to compute, consolidate, and track training costs in real-time. Monitor and forecast training needs while optimizing overall financial performance — all in one intelligent system.
Critical features to track and control training costs and accurately forecast training needs
Struggling with controlling your organization’s training budget? These must-have features and functionalities will save you time and effort and help you justify the value of your training function.
Precise cost breakdowns
Calculate a precise cost-breakdown per session instead of per learner, and track expenses for each training action. Compute costs based on actual resource usage and participant attendance. Amortize fixed costs such as rooms, instructor fees, etc.
Training budget management and optimization
Compute, consolidate, and monitor all training costs in real-time with custom indicators to monitor spend and profitability. This smart functionality tracks your remaining budget and can compare actual expenses with your forecast and even simulate different budget scenarios to prioritize investments. Manage internal invoicing easily by retrieving invoices directly from scheduling, leveraging automated mass invoicing and payment tracking.
Sales and profitability monitoring
Manage your public and private (in-house) session ordering process, track customer history, and synchronize with your existing CRM.
Training plan management
Forecast future training volume, both for current employees and new hires, and other critical investments. Anticipate needs by employee, population, project, and training course, and arbitrate the forecast expenses to fit within your allocated budgets.
Industry awards & recognition for our Training Management Software
Training Industry names Training Orchestra to its Top 20 Training Delivery Companies list for three consecutive years – 2019, 2018 & 2017.