5 LMS Reporting Tool Features to Drive Business
Learning data is everything these days. Businesses have grabbed onto the idea that "if you can't measure it, you can't improve it." While that's technically true, there's a lot of ground to cover between collecting data on your training program and seeing improvements. One of the fastest ways to get from A to B is to hitch a ride on a learning management system (LMS) reporting tool. The data from training and learning is deeply rooted in a business's ability to succeed, which makes a learning management system a near perfect host for your business's reporting software. Having reports that indicate gaps in training or being able to dive deeper into what gives top performers their edge is just the beginning of what's possible. Let's dive deeper into five LMS reporting tool features that'll propel your business forward.
1. LMS Integration Connects More Data
It's no secret that integrating your LMS will improve your business, but adding a reporting tool to the mix is a game-changer. The more integrations you've made, the more data sources your LMS reporting tool can pull from. It'll be easier than ever to create reports that highlight the connections between your training and learning programs and business performance.
2. Presentation-Ready Custom Reporting
Robust reporting capabilities easily tops the list of "must-haves" for an LMS reporting tool. As valuable as the out-of-the-box LMS reports can be, your goals and KPIs are unique to your business and will benefit from reports that reflect them. Combine a user-friendly interface and a dash of programming know-how and you'll be slicing and dicing your data in so many ways you'll feel like Dr. Frankenstein when you generate a report. It'll be hard to refrain from yelling "it's alive!" every time. Save yourself–and your design team–time by having reports that are boardroom-ready at your fingertips. The developers of the best LMS reporting tools recognize the work that goes into designing your brand and build their software to amplify it. Once you're set up, you'll never have to fuss over making your reports look "just right" ever again.
3. Actionable Insights
If you're not in Hollywood, it's hard to get by on looks alone. Beautifully designed, custom reports are only useful if they put your data to work. The best LMS reporting tools take your data and turn it into actionable insights that will have your report trajectory trending upwards in no time. Your insights will reflect both your company goals and KPIs and will reflect data from all your integrated sources.
4. Access Data Anytime, Anywhere
There are typically two types of people in the world: numbers people—and everyone else. If you're lucky enough to have "numbers people" making decisions for your team, they'll likely want any-time remote access to your data. The best reporting tools won't just provide access, they'll migrate your data to a single-client database to create a consolidated, master database. If you've ever had to manually compile data from multiple sources, you'll appreciate how convenient this is. While it's true that not every business has an immediate need for this level of data access, it's a growing trend and is something you should consider. According to the results of The BI Survey 18 by BARC (Business Application Research Center), 29% of respondents say they currently use their raw data access, with another 34% feeling confident it's something they'll use in the future. It's better to be prepared now than to get caught with your hands tied later.
5. Superior Onboarding & Support
These days even the most optimally-designed, user-friendly tech has a bit of a learning curve. That's why having someone show you the ropes makes a world of difference. Proper onboarding will help you get value from your LMS reporting tool right from the start. Some support packages even include personal developer time during onboarding to help iron out details requiring a little programming know-how or extra design finesse. Beyond getting into the swing of things, you'll also want to determine the availability and quality of everyday support. Look for a reporting tool that includes internal support, where the people helping you know the product well. If you're an international company operating in different countries and time zones, make sure that support is available when needed. Reporting tools bridge the gap between data and action, providing everything you'll need to put your data to work moving your business forward. If your business is already using an LMS to manage your training and learning materials, you're familiar with the company-wide benefits of eLearning software. Adding an LMS reporting tool to the mix adds even more value. If you're just getting started, adding a reporting tool means you'll reap the rewards from day one.
Try Advanced Reporting With Absorb Inform
Absorb Inform (formerly referred to as the Business Intelligence or BI module) gives you all these features and more. The onboarding and support set you up for success and includes personal developer time to help set up your reports. Absorb LMS is the perfect place to start gaining value from your business data. To learn more about Absorb LMS, contact our sales team. To see Absorb live right now, visit our website.