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Accountants and accounting firms from all over the globe are chomping at the bit for the opportunity to take their business to even greater heights, but the question is, how?
There are thousands of books that an accountant can use for reference. An accounting firm can hire trainers that come in and provide face-to-face instruction. But there is a more practical, more convenient, and dare we say it, a more beautiful solution - that is eLearning.
Before delving into how this amazing technology can help accountants and their businesses, let’s take a look at mind-blowing facts and figures that will make the argument for its usefulness in the accounting business. Here they are:
Education through eLearning typically REQUIRES 40-60% LESS EMPLOYEE TIME than learning the same material in a traditional classroom setting.
More than 41.7% OF GLOBAL FORTUNE 500 COMPANIES already use some form of technology to train their employees.
eLearning INCREASES RETENTION RATES BY 25-60% while face-to-face training is very low in comparison with only 8-10% retention.
More than 72% OF ORGANIZATIONS believe that eLearning helps them INCREASE THEIR COMPETITIVE EDGE by giving them the opportunity to keep up with the changes.
With eLearning, participants learn nearly 5x MORE MATERIAL without increasing time spent in training.
Since the year 2000, the growth of the eLearning industry has been a whopping 900%.
Around 42% of companies say that eLearning has led to INCREASED REVENUE.
REVENUE GENERATED PER EMPLOYEE IS 26% HIGHER for companies that offer training using technology which includes eLearning.
EVERY $1 INVESTED in online training RESULTS IN $30 IN PRODUCTIVITY.
IBM SAVED APPROXIMATELY $200 MILLION after switching to eLearning.
Companies that use eLearning technology achieve an 18% BOOST IN EMPLOYEE ENGAGEMENT.
Britain’s Open University study found that producing and providing eLearning courses CONSUMES AN AVERAGE OF 90% LESS ENERGY and PRODUCES 85% FEWER CO2 EMISSIONS PER STUDENT than face-to-face training.
eLearning is now $50 billion market worldwide, growing at 8% per year! (You do the numbers.).
There is no denying that e-Learning is the way to go when it comes to education in today’s connected world. So what’s in it for you? Imagine a massive online resource with a nearly boundless educational process not just for accountants but for all the team members in an accounting firm. When we say all, we’re not kidding - from partners to sales and marketing people to business administrators and everyone in between. And, we have exactly that with LearningHUB.
PANALITIX has established LearningHUB as the go-to cloud-based eLearning platform for accountants and accounting firm personnel that provides the highest quality training by instructors who are experts in their respective fields. A vast selection of online courses are available that range from:
- Leadership training and orientation
- Business planning and process improvements
- Marketing and sales techniques
- Team development strategies
- Tools and technology integration how-to’s
- And so much more.
Why don’t you give it a whirl and see what it can do for you? One thing though, when you see your firm’s numbers slowly inch up, you won’t hear us telling you, “We told you so.”.
CEO & Co-founder at PANALITIX
About the Author
Rob Nixon is the world’s foremost authority on how accounting firms can achieve peak performance. Since 1994, he has been running businesses that specialize in helping Accountants run better, more profitable businesses. His speaking work has taken him around the world where he has spoken to in excess of 170,000 Accountants. Currently, his landmark strategies and products are used by Accountants in over 30 countries.
On average, clients increase profit by 75.5%, enhance capacity by 30.6% and achieve sustainable revenue growth of 52.1% - in just 12 months.
Rob is the author of two best-selling books “Accounting Practices Don’t Add Up – why they don’t and what to do about it” – and “Remaining Relevant – the future of the accounting profession”. Both have received rave reviews from Accountants and industry professionals from around the world.
Rob’s latest book “The Perfect Firm: Your Playbook for Building a Perfect Accounting Business” aims to help Accountants build their perfect accounting firm.
In 2005, he created the revolutionary coaching model called coachingclub. The coachingclub model enabled firms to be accountable, to consistently learn and to share ideas amongst their peers. So far, over 800 accounting firms have graduated from his coachingclub program. The vast majority of firms have doubled or tripled profits because of the program.
Rob is a keen golfer (single figures) and adventurer (he is ticket holder 293 on Virgin Galactic to go into space). He lives in sunny Brisbane, Australia with his lovely wife Natalie and three children.