Future of RTO Digitalization - Build Software vs Buy!!!

1. Build vs Buy The Future of RTO Digitalization?

2. What is Digitalization? “Digitalization is the use of digital technologies to change a business model and provide new revenue and value-producing opportunities; it is the process of moving to a digital business.” “Using digitized information, digitalization is the process of making workflows and processes easier and more efficient. Especially in today’s tech-driven world, it is crucial to adopt a digital culture in order to survive and succeed.”

3. Difference Between Digitization and Digitalization Digitization is simply the converting of hard/paper files and documents into digital files and documents. Think of scanning a picture, uploading paper documents, or converting a report into PDF form and storing it on a computer. This is digitization.  Digitalization is the strategy or process of utilizing digital technologies, resulting in deeper changes that can alter the core of business models. Ultimately, these changes lead to opportunities for increased efficiency and revenue.

4. About RTO’s| Registered Training Organizations RTOs are the only organizations in the Australian VET system authorized to: Deliver and assess nationally recognized training Issue nationally recognized qualifications and statements of attainment Apply for government funding to provide VET services. More than 4 million students study VET each year. VET is the main way Australians upskill or reskill.

5. RTO Setup in Australia • There are about 4000 RTOs in Australia, and most of them are regulated by ASQA. • These RTOs support a total of 3,641,695 students; that’s over 86% of all students undertaking vocational education and training in Australia.

6. Bifurcation of Student Population of Australia: Total Population 15-74 years 18,635,400 Participated in Learning in the last 12 months 7,846,600 (42%) Leading to a qualification Not leading to a qualification Formal study (for a school-level or non- School qualification) 3,836,800(21%) Non- formal Learning 5,105,500(27%) Related to employment? Work-Related Training 4,353,900 (23%) Personnel Interest Learning 1,199,300 (6%)

7. Digitalization| Key Highlights Creative digital solutions give a competitive edge in the business world to enhance quality, reinvent profitable methods, and promote consistency. Hence, there are many companies who have adopteddigitalization of business as it: Saves cost Increases efficiency Lack of human error Safer data storage in the cloud Reduces operational costs Enables data to be analyzed

8. RTO Functions and Services

9. Effective SIS Modules

10. Challenges with Software: Locally Build Integration Issues Communication Breakdowns Unrealistic Or Mismanaged Timelines Feature Overload Lack Of Alignment Between Sponsor And User Needs Underestimating The Task At Hand Unrealistic Budget Underestimating The Importance Of Quality Assurance Security-Related Release Delays Not Defining A Target Audience Underestimating The Demand

11. Benefits of having a complete software: off-the Shelf Cut Costs by Automating Routine Tasks Instant Integration and Use Improve the Efficiency of Staff Increase or Measure Office Productivity Streamline Business Operations and Accounts Replace Paper Processes Access to New Features Communicate More Effectively With Customers, Suppliers, or Partners

12. Indicators that you need to buy new SIS for your Institute: If your current SIS is: is frequently running slow is prone to bugs fails often is unable to cope with the number of users struggles with the volume of transactions isn't integrated with other systems you are using can't provide the level of reporting you to need doesn't meet the latest regulatory requirements doesn't meet your changing business needs

13. Summary:

14. Say ‘Hello’, to futuristic technology with Academia SIS Student Information System (SIS) that powers complete academic and administrative management.

15. Academia Highlights Configurability Manage your needs by having highly dynamic and configurable features: add a field on the academia screen, define workflows, create your document templates and certificates, and a lot more.

16. Academia Highlights Analytics & Reporting Gain valuable insights into students and faculty performance and the overall health of various departments based on concrete data.

17. Academia Highlights Interoperability Bring all your software on one platform by easy integration with Academia and ensure an efficacious exchange of information among software, databases, and methods.

18. Academia Highlights Multicentre Capability Manage your single campus/group of institutions from one system along with a complete decision support system for the management with multiple report generation capabilities.

19. Academia Highlights Mobile Apps Access and manage all the pertinent data from anywhere and everywhere using mobile applications and portals.

20. Advantage Academia

21. Serosoft: The Company behind Academia We are a leading educational software and solutions company, promoted by a dynamic team of erstwhile I-Bankers, US graduates, and MBAs. We are part of the prestigious 50-year-old Hindustan Group of Companies (www.hindustangroup.com).

22. Thank You! To know more about us Visit: www.academiaerp.com | Email: info@serosoft.in | Contact: +91-999357776