Take Control of Your Training Costs and Strategically Optimize Financial Performance

The Challenge: You need to manage training costs and improve your 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.

How Training Orchestra empowers you to track and control training costs and accurately forecast training needs

Struggling with controlling your organization’s training budget? These must-have Training Management System features and functionalities will save you time and effort and help you justify the value of your training function.

1. Get a clear insight into your budget with 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.

2. Optimize your training budget management

   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. Easily manage internal invoicing by retrieving invoices directly from scheduling, leveraging automated mass invoicing and payment tracking.

3. Increase your sales and profitability

   Manage your public and private (in-house) session ordering process, track customer history and synchronize with your existing CRM to better understand and boost your sales and profitability.

4. Easily manage budgets and training plans 

   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.

Request a Live Personalized Demo or Watch Training Orchestra in Action

Learn more about our Training Management System for training cost management and financial performance