--- title: How an LMS Can Save Your Company Money description: Switching to online learning saved Dow Chemical $34 million. It may also save your company money in 2018. image: https://www.topyx.com/hubfs/sheets%20of%20dollar%20bills%20save%20company%20money%20LMS%202%20%281%29.jpg --- [![TOPYX Logo](https://www.topyx.com/hubfs/topyx-logo-full.png)](https://www.topyx.com/) - [Contact Sales](https://www.topyx.com/contactsales) - [Features](https://www.topyx.com/lms-features/) - [Learner](https://www.topyx.com/lms-features/learning/) - [Learning Paths](https://www.topyx.com/lms-features/learning-paths/) - [Social Learning](https://www.topyx.com/lms-features/social-learning/) - [Mobile Learning](https://www.topyx.com/lms-features/mobile-learning/) - [Learning Catalog](https://www.topyx.com/lms-features/learning-catalog/) - [Administrator](https://www.topyx.com/lms-features/administration/) - [Reporting & Dashboards](https://www.topyx.com/lms-features/lms-reporting/) - [Certifications](https://www.topyx.com/lms-features/certifications/) - [Content Management](https://www.topyx.com/lms-features/lms-content-management/) - [LMS Integrations](https://www.topyx.com/lms-features/lms-integration/) - [Services & Add-ons](https://www.topyx.com/lms-services/) - [Industries](https://www.topyx.com/industries/) - [Associations](https://www.topyx.com/association-training) - [Corporate](https://www.topyx.com/corporate-training) - [Financial](https://www.topyx.com/financial-services-training) - [Healthcare](https://www.topyx.com/healthcare-training) - [Manufacturing](https://www.topyx.com/manufacturer-training) - [Nonprofit](https://www.topyx.com/nonprofit) - [Retail](https://www.topyx.com/retail-training) - [Sales/Services](https://www.topyx.com/sale-and-services-training) - [Subject Matter Experts](https://www.topyx.com/sme-training) - [Technology](https://www.topyx.com/technology-training) - [Plans](https://www.topyx.com/lms-solutions) - [LMS Pricing](https://www.topyx.com/lms-pricing/) - [TOPYX Elements](https://www.topyx.com/topyx-elements) - [TOPYX Essentials](https://www.topyx.com/topyx-essentials) - [TOPYX Expanded](https://www.topyx.com/topyx-expanded) - [TOPYX Enterprise](https://www.topyx.com/topyx-enterprise) - Resources - [eLearning Resources](https://www.topyx.com/elearning-resources) - [Videos](https://www.topyx.com/videos) - [FAQ](https://www.topyx.com/lms-benefits/faq/) - [ROI Calculator](https://info.topyx.com/roi-calculator) - [Customer Stories](https://www.topyx.com/customer-success-stories) - [COVID-19 Resources](https://www.topyx.com/online-learning-resources-covid19) - [Blog](https://www.topyx.com/lms-blog) - ![Search Icon](https://www.topyx.com/hubfs/loupe-1.png) - [Request a Demo](https://www.topyx.com/request-a-demo/) - [Contact Sales](https://www.topyx.com/contactsales) - [Features](https://www.topyx.com/lms-features/) - [Learner](https://www.topyx.com/lms-features/learning/) - [Learning Paths](https://www.topyx.com/lms-features/learning-paths/) - [Social Learning](https://www.topyx.com/lms-features/social-learning/) - [Mobile Learning](https://www.topyx.com/lms-features/mobile-learning/) - [Learning Catalog](https://www.topyx.com/lms-features/learning-catalog/) - [Administrator](https://www.topyx.com/lms-features/administration/) - [Reporting & Dashboards](https://www.topyx.com/lms-features/lms-reporting/) - [Certifications](https://www.topyx.com/lms-features/certifications/) - [Content Management](https://www.topyx.com/lms-features/lms-content-management/) - [LMS Integrations](https://www.topyx.com/lms-features/lms-integration/) - [Services & Add-ons](https://www.topyx.com/lms-services/) - [Industries](https://www.topyx.com/industries/) - [Associations](https://www.topyx.com/association-training) - [Corporate](https://www.topyx.com/corporate-training) - [Financial](https://www.topyx.com/financial-services-training) - [Healthcare](https://www.topyx.com/healthcare-training) - [Manufacturing](https://www.topyx.com/manufacturer-training) - [Nonprofit](https://www.topyx.com/nonprofit) - [Retail](https://www.topyx.com/retail-training) - [Sales/Services](https://www.topyx.com/sale-and-services-training) - [Subject Matter Experts](https://www.topyx.com/sme-training) - [Technology](https://www.topyx.com/technology-training) - [Plans](https://www.topyx.com/lms-solutions) - [LMS Pricing](https://www.topyx.com/lms-pricing/) - [TOPYX Elements](https://www.topyx.com/topyx-elements) - [TOPYX Essentials](https://www.topyx.com/topyx-essentials) - [TOPYX Expanded](https://www.topyx.com/topyx-expanded) - [TOPYX Enterprise](https://www.topyx.com/topyx-enterprise) - Resources - [eLearning Resources](https://www.topyx.com/elearning-resources) - [Videos](https://www.topyx.com/videos) - [FAQ](https://www.topyx.com/lms-benefits/faq/) - [ROI Calculator](https://info.topyx.com/roi-calculator) - [Customer Stories](https://www.topyx.com/customer-success-stories) - [COVID-19 Resources](https://www.topyx.com/online-learning-resources-covid19) - [Blog](https://www.topyx.com/lms-blog) - ![Search Icon](https://www.topyx.com/hubfs/loupe-1.png) - [Request a Demo](https://www.topyx.com/request-a-demo/) [LMS](https://www.topyx.com/lms-blog/tag/lms) # How an LMS Can Save Your Company Money by [Debbie Williams](https://www.topyx.com/lms-blog/author/debbie-williams) on January 5, 2018 The Learning Management System ([LMS](https://www.topyx.com/lms-blog/what-is-an-lms)) market is worth about $5.2 billion today, and will be valued at roughly $16 billion in four years.1 These impressive statistics indicate that learning management systems offer massive benefits to organizations. In fact, [75 percent of companies use learning management systems](https://www.topyx.com/lms-blog/3-questions-learning-management-system-lms/) to manage corporate training programs. Organizational leaders are finding that in addition to delivering, tracking, and reporting training, an LMS can also help keep company expenses down.   ![sheets of dollar bills save company money LMS.jpg](https://www.topyx.com/hs-fs/hubfs/sheets%20of%20dollar%20bills%20save%20company%20money%20LMS%202%20(1).jpg?width=640&name=sheets%20of%20dollar%20bills%20save%20company%20money%20LMS%202%20(1).jpg "sheets of dollar bills save company money LMS.jpg") ## Learning Management Systems Save All Types/Sizes of Organizations Money Learning management systems are money-savers not only for small- and medium-sized companies, but also for huge, wealthy organizations. According to IBIS Capital, 41.7 percent of Fortune 500 companies were utilizing eLearning tools three years ago.2 A learning management system is a unique eLearning tool because it is equally useful to a wide variety of organizations, managing their training initiatives and reducing expenses. ## An LMS Significantly Lowers Corporate Training Costs The main way an LMS lowers an organization’s bottom line is by reducing corporate training expenses. This statement may seem contradictory since learning management systems require an initial investment. Company leaders should consider that the right LMS often gives a good ROI, lowering training costs over time. As eLearning Industry said, “Returns on Investment models have shown huge savings on training expenditure by using a Learning Management System and eLearning courses.”3 Our blog article [*Is a Learning Management System Really Worth the Investment?*](https://www.topyx.com/lms-blog/lms-really-worth-investment) stated, “Although an LMS does involve an initial investment, the right type of LMS will eventually lower a company's costs of training. eLearning expert Christopher Pappas wrote, ‘There are a number of examples proving that eLearning is in fact lowering the cost of employee training. Research has shown that moving your training online not only allows you to allocate valuable resources to other areas of your budget, but also makes the training process even more effective.’” Besides diminishing training costs by making processes quicker and more effective, moving training online erases the need for paper products, physical classrooms, and travel related to training.   [![Find The Perfect eLearning Solution With The LMS Comparison Tool](https://no-cache.hubspot.com/cta/default/3844305/171b313e-fe13-44f1-bfa0-8e7c7786b728.png)](https://cta-redirect.hubspot.com/cta/redirect/3844305/171b313e-fe13-44f1-bfa0-8e7c7786b728) ## Major Companies Save Millions After Moving to Online Training When a company makes the switch from classroom-based training to online training, which is most efficiently accomplished with the right LMS, that company will likely save money. Growth Engineering reported that major companies like Dow Chemical and Nortel saved millions after making this move:4 - Nortel saved $7.7 million between 2005 and 2006 after implementing online training. - Dow Chemical cut training costs from $87 per employee to $11 after launching an online training model. Overall, the company saved $34 million. Even outside the corporate realm, online learning is saving organizations huge sums of money. For example, The Hybrid Classroom estimated that online learning cuts costs for universities by about 57%.5 ## Reduce Expenses with TOPYX LMS Are you researching ways to save your company money? If so, consider launching an LMS like TOPYX. - Fully-hosted - Full-featured - Free of any hidden/per-user fees - Competitively priced - Discounted for select nonprofit associations - Award-winning Request a free demo of [TOPYX LMS](http://topyx.com) to find out more about how a learning management system can save your company money.   If your company’s current LMS isn’t doing great things for its bottom line, it may be time to try something new. Read our blog article [*3 Signs You Need a New LMS*](https://www.topyx.com/lms-blog/3-signs-you-need-a-new-lms) to decide whether or not a different eLearning system would be an asset to your organization. [![what is an lms](https://no-cache.hubspot.com/cta/default/3844305/a7363037-8302-4965-91e0-a0eb45ad99e6.png)](https://cta-redirect.hubspot.com/cta/redirect/3844305/a7363037-8302-4965-91e0-a0eb45ad99e6) --- References 1. CNBC. A lesson plan from the tech giants on how to transform education. https://www.cnbc.com/2017/03/28/microsoft-google-and-facebook-see-billions-in-future-of-education.html. March 28, 2017. 2. SkyPrep. Nearly half of Fortune 500 companies use e-learning. Why aren’t you? https://skyprep.com/2014/12/16/nearly-half-fortune-500-companies-use-e-learning-why-not-you/. December 16, 2014. 3. eLearning Industry. How a learning management system benefits your organization. https://elearningindustry.com/learning-management-system-benefits-organization. July 1, 2016. 4. Growth Engineering. Companies who cut training costs with online learning. http://www.growthengineering.co.uk/cut-training-costs-with-online-learning/. 5. The Hybrid Classroom. How online learning can cut costs by 57%. http://www.gettingsmart.com/2012/10/the-hybrid-classroom-how-online-learning-can-cut-costs-by-57/. ![Debbie Williams](https://www.topyx.com/hubfs/Images/Stock%20Images/Website_Image_Woman_MASTER.jpg) [Debbie Williams](https://www.topyx.com/lms-blog/author/debbie-williams) Director, Marketing ##### you may also like [![Here’s how eLearning can meet your company’s training needs. ](https://3844305.fs1.hubspotusercontent-na1.net/hubfs/3844305/TOPYX2.jpg)](https://www.topyx.com/lms-blog/how-elearning-can-meet-the-training-needs-of-businesses-of-all-sizes) [LMS](https://www.topyx.com/lms-blog/tag/lms), [eLearning and Corporate Training](https://www.topyx.com/lms-blog/tag/elearning-and-corporate-training), [2023 LMS trends](https://www.topyx.com/lms-blog/tag/2023-lms-trends) ## [How eLearning Can Meet the Training Needs of Businesses of All Sizes](https://www.topyx.com/lms-blog/how-elearning-can-meet-the-training-needs-of-businesses-of-all-sizes) [![How to make the most of your company’s LMS. ](https://3844305.fs1.hubspotusercontent-na1.net/hubfs/3844305/custom-video-thumbnails/Enhance%20Your%20LMS.jpg)](https://www.topyx.com/lms-blog/ready-to-enhance-your-lms-experience-1) [LMS](https://www.topyx.com/lms-blog/tag/lms), [Best LMS](https://www.topyx.com/lms-blog/tag/best-lms), [2023 LMS trends](https://www.topyx.com/lms-blog/tag/2023-lms-trends) ## [Ready to Enhance Your LMS Experience?](https://www.topyx.com/lms-blog/ready-to-enhance-your-lms-experience-1) [![Find out how health and safety rules related to the pandemic are affecting corporate training. ](https://3844305.fs1.hubspotusercontent-na1.net/hubfs/3844305/headline.jpg)](https://www.topyx.com/lms-blog/how-evolving-health-safety-protocols-have-impacted-corporate-training) [LMS](https://www.topyx.com/lms-blog/tag/lms), [corporate training](https://www.topyx.com/lms-blog/tag/corporate-training), [health and safety](https://www.topyx.com/lms-blog/tag/health-and-safety) ## [How Evolving Health & Safety Protocols Have Impacted Corporate Training](https://www.topyx.com/lms-blog/how-evolving-health-safety-protocols-have-impacted-corporate-training) [![TOPYX LMS Logo](https://www.topyx.com/hubfs/topyx-logo-full.png)](https://www.topyx.com/) - [TOPYX Blog](https://www.topyx.com/lms-blog) - [About Us](https://www.topyx.com/about-us) - [Contact Us](https://www.topyx.com/contact-us) - [Contact Sales](https://www.topyx.com/contactsales) - [Submit an LMS RFP](https://www.topyx.com/submit-an-rfp) - [Referral Program](https://www.topyx.com/referral-program/) - [Careers](https://www.topyx.com/careers) - [COVID-19 Resources](https://www.topyx.com/online-learning-resources-covid19) - [What is an LMS?](https://www.topyx.com/what-is-an-lms) - [LMS Training](https://www.topyx.com/lms-training) - [Remote Training](https://www.topyx.com/remote-training) - [LMS System](https://www.topyx.com/lms-system) - [LMS Software](https://www.topyx.com/lms-software) - [LMS Overview](https://www.topyx.com/lms-overview) - [Employee Training Software](https://www.topyx.com/employee-training-software) - [Learning Experience Platform](https://www.topyx.com/learning-experience-platform) - [LMS Solutions](https://www.topyx.com/lms-solutions) - [Social Learning Platform](https://www.topyx.com/social-learning-platform) - [Online Employee Training](https://www.topyx.com/online-employee-training) - [Enterprise Learning Management System](https://www.topyx.com/enterprise-learning-management-system) Newsletter Sign-up - We're Social - [![TOPYX Twitter](https://www.topyx.com/hubfs/Ironpaper/twitter-icon.png)](https://twitter.com/TOPYX) - [![TOPYX LinkedIn](https://www.topyx.com/hubfs/Ironpaper/linkedin-icon.png)](https://www.linkedin.com/company/topyx) - [![TOPYX YouTube](https://www.topyx.com/hubfs/Ironpaper/you-tube-icon.png)](https://www.youtube.com/user/TOPYXsocialLMS) © 2022 Interactyx. All Rights Reserved. TOPYX®, myTOPYX® and Gather.Interact.Learn.® are registered service marks of Interactyx. TOPYX - Learning Management System (LMS) Privacy Policy ![websights](https://ws.zoominfo.com/pixel/63122e61dc61f37d6066321d) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Debbie Williams", "url" : "https://www.topyx.com/lms-blog/author/debbie-williams" }, "dateModified" : "2020-08-26T14:56:07.466Z", "datePublished" : "2018-01-05T14:24:00.000Z", "headline" : "How an LMS Can Save Your Company Money", "image" : [ "https://www.topyx.com/hubfs/sheets%20of%20dollar%20bills%20save%20company%20money%20LMS%202%20%281%29.jpg" ], "mainEntityOfPage" : { "@id" : "https://www.topyx.com/lms-blog/how-an-lms-can-save-your-company-money", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.topyx.com/hubfs/topyx-cypherworx.png" }, "name" : "Interactyx" } } ```