The Institute of Finance and Management (IOFM)
The Institute of Finance and Management (IOFM) provides solutions to accounting professionals through online membership, webinars, white papers, and additional education and training. The Certification Programs help accounting professionals build respect within their company, stronger resumes, and higher earning power.
IOFM offers four different certification options for finance professionals: Accounts Receivable Certification, Accounts Payable Certification, Controllers Certification and Certified Payments Reporting Specialist. Originally, the company used an antiquated method to deliver training content, assessments and certification by shipping hard-copy materials; however in order to grow the business and increase efficiency, IOFM needed a method for managing everything online.
Megan Hall, Certification Manager for Diversified Communications, IOFM’s parent company, started looking at LMS options that could encompass every aspect of the certification program including: courses, videos, assessments, tracking and reporting completion. Initially, the company looked at developing a customized LMS that could handle all of the requirements. However, the costs of a customized system quickly proved to be too high.