The objectives of this work are to investigate the impact of automating the student assessment process using the Schoology web-based learning management system as an example and determine its effectiveness and usability by performing a comparative analysis between the survey results of educators and students. The research methodology is based on an exploratory survey using a data collection questionnaire composed of closed-ended questions. The respondents are 630 students and 159 faculty members from three Chinese higher education institutions. The data analysis enables the conclusion that the overall student and faculty satisfaction with Schoology is high (83.4% and 55%, respectively). The students and educators indicate that with the introduction of Schoology, learning and teaching became easier (82.5% and 53.4%, respectively). In line with this, the analysis of the effect of the automated performance assessment implementation on student academic performance find that learners are more prone to better learning outcomes after this system's launching. The practical significance of this paper is that it demonstrates the positive influence of the Schoology system on educational process effectiveness.