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ProProfs Can Save Finserv Companies up to 70% on Training Costs with a Digitized Platform that Analyzes and Stores Data

Proprofs Saves Finserv Companies As Much As 70 Percent On Training Costs
Ray FitzGerald

Written by: Ray FitzGerald

Ray FitzGerald
Ray FitzGerald

Ray Fitzgerald has more than a decade of journalism experience, writing for national media outlets, including the Miami Herald and Investment Times. Ray is passionate about traditional and alternative investment strategies, but most enjoys sharing creative ways to budget and save money. Ray has personally written about hundreds of credit card offers from banks and credit unions across America and enjoys helping people find the best cards and rewards programs for their specific spending needs.

Edited by: Lillian Guevara-Castro

Lillian Guevara-Castro
Lillian Guevara-Castro

Lillian Guevara-Castro brings more than 30 years of editing and journalism experience to the CardRates team. She has written and edited for major news organizations, including The Atlanta Journal-Constitution and the New York Times, and she previously served as an adjunct journalism instructor at the University of Florida. Today, Lillian edits all CardRates content for clarity, accuracy, and reader engagement.

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Advertiser Disclosure

In a Nutshell: Training new or existing employees can be an expensive process that costs businesses time, money, and manpower resources that are hard to replace. Human resources offices often dedicate an employee to oversee training and the signing of new-hire paperwork, which adds to the costs with document printing and storage. ProProfs is a leader in providing online training and educational tools to more than 1.2 million businesses, educators, and students worldwide. The platform offers pricing tiers that allow an unlimited number of learning modules and learners, and gives companies the capability of storing historical data on users outcomes and experiences. //

Starting a new job can be a stressful process. Not only can it be awkward being the new person in an established environment, but going through onboarding processes like human resources and technical training can force a lot of information on a person in a short amount of time.

Initiating new employees can be just as stressful for businesses. The paperwork and manpower that goes into training a new hire can be time-consuming, expensive, and take away resources from other important projects.

Modern technological advances make completing most everyday jobs easier and more efficient, but required HR tasks have long remained resistant to change because of the legalities that go along with the verification of signatures on key pieces of paperwork.

Those processes get a modern makeover with the ProProfs online learning platform. Already a leader in web-based quiz, training, and survey creation, ProProfs has expanded its products in recent years to offer customizable polls, brain games, flashcards, and live chat software for businesses, educators, or individuals.

“We’re a comprehensive tool that helps our customers create trainings for different internal businesses,” said Ayaz Hasan, Product Manager at ProProfs. “Training can be on any topic, from the prevention of sexual harassment to other company policies or procedures.”

ProProfs Logo

More than 1.2 million businesses, educators, and students use ProProfs tools to conduct educational activities around the globe. Major enterprise clients, including Sony, Dell, and Cisco, have experienced the cost savings of conducting ongoing training activities online as opposed to the more traditional route.

“Online training is so much more efficient than the processes that went into training a new employee just 10 years ago,” Hasan said. “Back then, a dedicated person had to be on hand to ensure all employees are completing training properly. That’s time and money a business is spending that no longer has to be spent.”

Hasan said customers who use ProProfs save, on average, 70% of their training costs over traditional onboarding methods but still retain control over the training since they create the information presented in every module.

A majority of ProProf’s customers come from the US, but Hasan said the company has a growing network of users in Australia, Europe, the UK, the Middle East, and Africa. The platform’s adoption by nurses in Africa was so successful that Hasan said he regularly receives thank-you notes from those customers who claim the online training helps them learn more about their profession.

Courses and Training Allow Unlimited Access and Usage

Upper ProProfs pricing tiers allow unlimited access to training and quiz modules, as well as any other service customers sign up for. Hasan said one of the company’s largest customers initiates as many as 90,000 learning sessions across the globe each week. On average, approximately 1,500 users are online and taking courses each hour across the platform.

ProProfs has a tiered pricing plan for all of its services with competitive packages for nearly budget. Each tier is based on the number of learners and the amount of storage a company requires.

“Take our training maker, for example,” Hasan said. “There are only three pricing tiers for that program — the team plan, the business plan, and the enterprise plan. We divide the features among the three main tiers, and there are no limits as to the number of courses you can offer on our platform.”

All services include a 30-day money-back guarantee and the ability to change plans at any time as a company’s needs adjust.

A Global, Tin Can Compliant Company

Customers using ProProfs for employee training have a wealth of information at their fingertips thanks to the company’s Tin Can API compliance. Also known as Experience API, the interface allows customers to track more information about user learning behavior by collecting, analyzing, and storing information from training and quiz attempts.

“Large enterprises have volumes of learning data on their employees and often migrate the data from one place to another,” Hasan said. “Since the ProProfs Learning Management System (LMS) is Tin Can Compliant, anybody across the globe can import their learning data into our learning records and start distributing and sharing course links with their learners immediately.”

A Screenshot of a ProProfs Learning Module

ProProfs allows customers to import previous learning data so they can analyze it alongside data driven from new modules.

“When you have historical and the latest data on your employees, you can map them both and drive conclusions from the outcomes displayed,” Hasan said.

Guided learning modules help companies and instructors design specific tracts for training or instruction that won’t allow a learner to skip to the next module without fully completing the current lesson.

Hasan said companies that keep strict records of what learners have completed have fewer long-term compliance issues and a better record of successful hires.

The Future of Learning Saves on Paperwork and Manpower

ProProfs platform guides training and education programs worldwide and continues to push the boundaries of what modern learning looks like. The company remains on the cutting edge in its field and aims to add features in the future that will continue to shape the way learning takes place around the globe.

Customers create training or learning modules with tools that make the educational experience easy and frictionless for users, regardless of their technological know-how.

“We provide localization services that allow our customers to create quizzes in their own language and have them translated,” Hasan said. “It’s a very comprehensive and feature-rich product, yet it is a very simple-to-use solution for everyone.”

Some of the world’s biggest companies and institutions of higher learning benefit from the features and ease of use within the ProProfs platform to drive learning, improve compliance, and save on their bottom line.

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