This company, a Fortune 500 enterprise, relies on training revenues from its 3,500+ learners. Training is often bundled and sold in complex packages to large clients. Accurate, rapid reporting and equally reliable integrations with core systems is critical for their sizable training revenue ops.
Industry:
Software & Technology
Objective:
Build more accurate training revenue reports
Result:
$500k in missing revenue found
$ 500 k
missing revenue recaptured
# 1
division across the enterprise for accuracy in revenue forecasting
80
hours per month saved on reporting alone
Accurate revenue reporting broke down as the team scaled revenue to $7M in a short time. The company was using an ad hoc, patchwork system of tools to report on training across the organization. Data was not synchronised or standardized and reporting was flawed.
The scale of training exasperated these problems. Beyond the team’s reputation being at stake, there were gaps in revenue reporting that impacted the bottom line, made forecasting difficult, and put L&D budgets in danger.
Systems Senior Manager
Administrate provided automated, accurate reporting by tracking training token sales, utilization, invoicing, processing, and showing the relationship between data. This revealed just how deep the hole was in revenue tracking: $500,000 in unrecognized revenue was not properly invoiced.
But Administrate did not only resolve the team’s reporting problems, as a Training Management System, Administrate quickly automated the bulk of training management, training sales, and ILT planning and scheduling for the company.
Systems Senior Manager
Automate tedious tasks, centralize operations, and free up your training team to focus on what matters. Check out our other case studies to see how leading training teams put that time to good use.
