November 8, 2022|
Online education is a growing industry, giving financial associations a unique opportunity to provide certifications, courses, and workshops that meet the needs of today’s finance professionals.
This quick guide helps you get started with strategies that help your association provide high-quality education experiences while improving back-end operations.
Short on time? Then download our Financial Association Playbook with everything included in this quick guide, plus more digital transformation strategies you can start implementing today.
Financial professionals understand that they must keep up with the latest changes in industry requirements and rules to stay qualified in their positions. In addition, they have other incentives to complete continuing education (CE) coursework, including maintaining their licenses, qualifying for promotions, moving to a different sector, or changing location.
Continuing education requirements vary by state, however most programs comprise several elements, including:
There are numerous types of organizations finance associations can serve to provide professional development educational programs, online courses, licenses, and certifications, including:
Besides providing online programs, associations can organize workshops, live events, and training sessions for programs requiring a practical component. And unlike a traditional college or university, financial associations are more flexible and can innovate to adapt to the growing demands of digital-first learners.
Providing CE programs presents many challenges for finance associations, especially those using disjointed legacy software that is difficult to use and maintain.
Some challenges include:
Cloud-powered continuing education software solutions work together to help you provide exceptional learning experiences while saving your staff time and reducing costs throughout your organization.
However, a learning management system on its own usually isn’t enough to fully experience the power of integrated software. To fully understand the benefits of modern solutions, finance associations should incorporate the following three essential components into their technology stack:
Cloud-based membership management software handles multiple functions within your organization that enables you to:
Modern membership software should also be easy to configure according to your finance association’s operations. Some features to look for when choosing such a system include:
Look for a solution that integrates with your online content management system to fuse member management with your web presence.
Ensure your software uses automation to schedule tasks, automate emails, and send staff alerts. That way, you get more done in less time and have the energy to focus on activities that add value to your association.
Membership management software contains unique tools to manage contacts, addresses, and demographic information for members, donors, and other stakeholders. Integration with other applications allows you to send that data to accounting, marketing, and other departments to provide complete 360-degree visibility and transparency.
Streamline event organization and execution with digital registrations, personalized agendas, polls and surveys, and multiple secure payment options.
Look for a system that generates an extensive range of reports with customized insights that enhance decision-making and provide deep insights to pivot your strategy when required.
An online learning management system (LMS) gives you the tools to provide continuing education courses, certifications, and other interactive digital learning experiences.
Look for a system that includes the following features:
Traditional accounting applications and spreadsheets can be disjointed, time-consuming, and prone to human error.
Modern association accounting software solutions solve those legacy problems and simplify accounting processes through automated workflows that save time, improve collaboration, and drive productivity.
Not all software is ideal for finance associations. To get the best return on your investment, look for a system that includes the following features:
enSYNC is dedicated to helping financial associations succeed. Download the Financial Association Playbook to learn how digital transformation helps improve learning experiences, increase engagement, boost revenue, and grow membership numbers.
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