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Cost Analysis & Invoicing Module
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Sometimes it is desirable to attribute costs to the various training activities within an organisation so you can determine the return on investment (ROI). This allows you to demonstrate the effectiveness of the training by showing the associated costs in relation to the financial outlay.
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By allocating costs to training activities you are also able to generate invoices or distribute costs for training services that have been provided to other departments within your organisation, or for third party companies that you provide training services to.
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The “Cost Analysis and Invoicing” module in Armelenos has been designed for organisations that wish to assign costs to their training resources, and work out a return on investment (ROI) cost of their training activities.
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For example, you may wish to generate a report of the cost of your training activities for internal purposes to enable you to work out return on investment (ROI) information. This can be extremely beneficial when determining training budgets and comparing current training techniques with past training activities.
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If your organisation supplies training services to third party companies and want to be able to issue monthly invoices based on the training resources they have used, this can be easily done from the data that has been collected in Armelenos.
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The features in the “Cost Analysis and Invoicing” module include the ability to:
- Assign costs to various types of e-learning courses;
- Assign costs to Classroom training courses;
- Assign costs to Competency tests;
- Assign costs to On-line documents;
- Assign costs to Physical resources like the rooms used in classroom sessions;
- Assign costs to Teaching aids like slide projectors and laptops used in classroom sessions;
- Assign costs to Instructors time for teaching “face-to-face” training courses;
- Assign costs to Instructors travel time for teaching “face-to-face” training courses;
- Assign costs to Instructors time for the preparation of “face-to-face” training courses;
- Assign costs to Learners time when attending “face-to-face” training courses;
- Assign costs to Learners travel when attending “face-to-face” training courses;
- Assign costs to Learners time for the preparation of “face-to-face” training courses;
- Setup billing information for the third party companies or internal departments that you will be generating invoices for;
- Generate reports that detail the costs associated with various training activities within the organisation.
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