What is the cost of a LXP ? Cost is one of the key things to consider when considering deploying an LXP platform. Here are the things to take into account before equipping yourself.
What is the difference between LXP and LMS?
Before talking about the cost of LXP, let's take stock of these two concepts. LXPs, or Learning Experience Platforms, are variants of LMSs that were designed to be focused more on learners. It leaves a great deal of room for social, collaborative and user-oriented learning in order to promote the development of teams and individuals within a company.
In a LXP, users can contribute, share, or manage content. They can also interact with each other and create resources for their departments or colleagues.
If I had to summarize the advantages of both platforms: LMS is for administrators and LXP for users.
Combining LXP and LMS: an additional cost
They are therefore very different and serve different purposes in terms of training:
- The LMS traditional is a catalog that can reference online learning courses with a progress monitoring and integrated reporting. It helps the manager provide the right training to the right people at the right time.
- The LXP, on the other hand, aims to improve user learning experiences, engaging them in developing skills beyond what is necessary in order to do their work effectively and by encouraging learning at their own pace.
So it would be tempting to put the LMS aside in favor of LXPs. However, selecting only one of these products could leave an organization in a weak position. On the other hand, combining the two platforms ensures a certain flexibility when it comes to adapting and delivering learning materials to learners.
Thus, evaluating the cost of an LXP also involves analyzing needs and the potential acquisition of an LMS.
The parameters to take into account when evaluating the cost of an LXP
License fees
In order to limit LXP costs, the ideal is to opt for a SaaS solution, that is, hosted in the cloud. Local hosting on an internal server will be much more expensive and will require in-house technical skills or the use of a specialist.
The license formula for LXPs starts at a few thousand euros per year.
Additional cost of LXP: content production
Although the LXP favors the Social learning, it is necessary to have a certain volume of educational content available from the start to avoid additional costs. These represent a large part of the budget, especially as they must take into account the time spent by employees on their creation, formatting and validation.
The set-up
By opting for a SaaS solution, companies make significant savings on implementation costs. However, it can be useful to be accompanied by an advisor, especially if there are specific needs in terms of interfacing with business software (for example HR management software). This option should be factored into the cost of an LXP.
