Understanding NetSuite Pricing: A Comprehensive Guide

Understanding NetSuite Pricing: A Comprehensive Guide

NetSuite is a popular cloud-based enterprise resource planning (ERP) software that assists growing businesses in managing their processes, including finance, inventory, order management, and more. If you are contemplating NetSuite, you should know about the NetSuite ecommerce pricing options before you start.

More than 36,000 enterprises benefit from NetSuite’s all-in-one cloud business management solution, which automates key business procedures and gives real-time insight into financial and operational performance. NetSuite provides businesses with a single, integrated suite of apps for order processing, managing accounting, manufacturing, inventory management, supply chain, and warehouse operations.

More than 32,000 users in 200+ countries utilize NetSuite. It is the ideal solution for expanding businesses of all sizes, across all industries. You can use it if you require a basic financial management system that can scale and adapt as your company grows. NetSuite provides support during every stage of your company’s development. 

Continue reading, and we will elucidate every facet of the NetSuite pricing model to provide you with an understanding of the different pricing choices and factors that could affect the software’s cost.

If you want to know more about other ERP systems, you can check out the top 10 ERP systems in this blog post.

How Much Does a NetSuite Implementation Cost?

When considering NetSuite implementation costs, it is essential to note that there can be significant variation. Each implementation is customizable to your specific business needs, and the associated prices will reflect this uniqueness. Here are the key factors that will influence the cost of your implementation:

Size of Your Implementation

·         As your company’s size and process complexity increase, so will the implementation costs.

·         Implementation costs tend to be lower for small companies with simpler processes.

Modification and Customization

·         Collaborate closely with your partner to identify which customizations will yield the best results based on the effort involved.

·         It is essential to bear in mind that even the basic customizations will add to the overall cost.

Many companies opt for customizing NetSuite’s functionality to align with their specific requirements.

System Integration:

·         NetSuite provides robust core functionality that meets the needs of most companies.

·         You can also seamlessly integrate it with other point solutions your business requires to maintain its operations efficiently.

The overall cost of NetSuite implementation depends on several critical factors, including:

·         Any additional NetSuite add-on modules needed to enhance functionality.

·         The size and scale of your company.

·         Ongoing training and support requirements to ensure successful utilization of the software.

·         The extent of NetSuite customizations necessary for your business.

·         The scope and complexity of the NetSuite implementation.

·         The number of NetSuite user licenses required.

NetSuite Modules

Here are the different modules. 

· Customer Relationship Management (CRM)

Enhance customer experiences, streamline the lead-to-cash process, provide robust support, and drive sales growth.

· E-commerce

Establish and oversee your online store, fulfill orders, reduce shipping expenses, and deliver a seamless customer experience.

· Financial Management

Efficiently oversee accounting and finance operations, formulate a business strategy, and accelerate growth.

· Human Resources (HR)

Streamline everyday tasks, handle payroll, engage with employees, and enhance workforce performance while saving time.

· Inventory Management

Effortlessly monitor and manage inventory, make informed decisions, optimize cash flow, and surpass customer expectations.

· Order Management

Swiftly handle and track orders, reduce billing errors, minimize excess costs, and increase on-time delivery rates.

NetSuite Edition Pricing

NetSuite Service Price Fee Schedule
Customizations $150-300 per hour As Per the Customization Needed
Implementation $10,000 – $100,000+ One-time Payment
Integrations $0-$4,000+ Annual  plus a One-time implementation fee
Licensing Varies Paid Annually
NetSuite Modules Varies Paid Annually
Training & Support $2,000 – $15,000 One-time (optional ongoing)

NetSuite editions are available to cater to your company’s size and the number of user licenses required.

NetSuite Starter/Limited Editions

·  Ideally suited for small businesses with a single legal entity and a workforce of up to 50 employees.

·   NetSuite Limited Edition accommodates up to 10 user licenses.

NetSuite Standard/Mid-Market Editions

·   Designed for businesses operating with two or more legal entities.

·  NetSuite Mid-Market Edition offers user licenses for companies with 11 to 1,000 employees.

NetSuite Premium Edition

·  Provides unlimited user licenses, ensuring flexibility and scalability.

NetSuite Enterprise Editions

·   It is tailored for large corporations with multiple legal entities requiring more than 1,000 NetSuite user licenses.

NetSuite Pricing Model: How Big Is Your Company?

NetSuite’s pricing model revolves around the concept of suites, with the suite you require primarily determined by your company’s size and the specific functionality you need. Every NetSuite edition shares the same foundational code base and deployment model.

This ensures the flexibility to adapt your subscription as your company expands. Additionally, you can easily incorporate new modules into your subscription as your need for additional functionality arises.

NetSuite Limited Edition

·  Employs fewer than 50 staff members.

·  Operates exclusively in one country.

·  Suitable for a single legal entity.

·  Supports a maximum of 10 named users.

·  Tailored for specific and well-defined business operations.

NetSuite Mid-market Edition

·    Requires the capability to generate consolidated financial reports across diverse currencies.

·    Designed for businesses with more than ten named users.

·    Operates in one or multiple countries.

·    Manages two or more legal entities.

NetSuite Enterprise Edition

·    Accommodates extensive and complex business operations.

·    Ideal for organizations with 1,000 or more named users.

·    Handles multiple currencies and subsidiaries.

Core NetSuite Functionality

Every edition includes the following core features:

CRM (Data Sheet)

·   Case Management

·    Marketing Automation

·     Partner Relationship Management

·     Sales Force Automation (SFA)

ERP (Data Sheet)

·   Accounts Receivable

·   Accounts Payable

·    Basic Project Management

·    Bank Management & Reconciliations

·     General Ledger

·     Item & Basic Inventory Management

·      Multi-currency & Multi-language

·      Order Management

·      Payment Methods – Credit Cards, ACH, EFT

·      Purchasing

·      Time & Expense Management

NetSuite User Pricing – How many users do you need?

NetSuite uses a named user approach, where each user requires a license. Pricing depends on the modules and the number of each license type you need.

Two user types are distinguished based on roles: Administration Users (full user license) for those needing daily system transactions and Limited Users (Self-Service Users) for employees with limited tasks like daily time input.

Custom functionality and customization may be necessary for specific roles, with details agreed upon before project commencement.

You can easily carry out user additions or reallocations anytime, while user removal can occur upon your subscription’s renewal date.

For “read-only users,” you can export data to Excel or third-party apps, and reports can be scheduled and distributed in Excel, CSV, PDF, or Word formats.

NetSuite Advanced Modules – What functionality do you need?

Regardless of your chosen NetSuite edition, you will receive the same fundamental ERP and CRM features mentioned earlier. If you require industry-specific functionality, you can typically acquire a set of modules within the industry suite or license advanced modules individually.

You have the flexibility to incorporate modules into your subscription at any point during its term. Conversely, if module removal is necessary, you can execute it upon contract renewal. This incremental scaling approach ensures that you only pay for your current needs while maintaining the option to expand as your business grows.

An experienced NetSuite implementation partner can assist in determining your current investment priorities and designing a system growth plan that maximizes your return on investment (ROI).

Financial Management Modules

·    Advanced Financials

·    Advanced Revenue Management

·    Fixed Assets

·     OneWorld (for multiple currencies or operating in various countries)

·     Multi-book Accounting

·     Planning and Budgeting

·     SuiteBilling

Inventory and Manufacturing Modules

·    Advanced Inventory

·    Advanced Manufacturing

·    Advanced Procurement

·     Demand Planning

·     Manufacturing WIP and Routing

·      Warehouse Management (WMS)

·      Work Orders and Assemblies

Omnichannel Commerce Modules

·      Advanced Order Management

·      Suite Commerce Advanced

·      Suite Commerce Standard

Project Management and Professional Services Automation Modules

·    OpenAir PSA

·    Project Management

·    Resource Allocation

Human Capital Management (HCM) Modules

·   Suite People

How to create a Saved Search in NetSuite?

If you want to know how to create a saved search in NetSuite, here is what you need to know.

To create a Saved Search in NetSuite, administrator privileges are required. If you do not have the necessary access and permissions, kindly contact your system’s administrator.

Here are the steps to create a Saved Search:

1.   Navigate to Reports > Saved Searches > All Saved Searches.

2.   You can either view All Saved Searches or click New to create a new one.

3.   Select a Search Type. The field/column types that populate the saved search depend on the chosen Search Type. For instance, if you select “Contact,” the Results column will pre-populate with fields like Name, Email, Phone, etc.

4.   Construct the Saved Search with the required columns that you can use for data mapping during the data loading process.

Oracle NetSuite offers a range of pricing options, which vary depending on different factors. Key determinants include add-on modules, the chosen product configuration, contract duration, and total user count. To make a minimum NetSuite purchase, you need a base account with at least one user login.

How Much Does Oracle NetSuite Cost?

To access SAAS solutions, payment is required. The standard rate is $99 per month per general user.

While this cost may appear insignificant compared to the system’s benefits, it can add up quickly. The expenses can escalate if you intend to have all company personnel using NetSuite.

The usage of NetSuite is not compulsory. It depends on the specific modules you wish to implement. Typically, you will need licenses for each employee in the accounting department and at least one for management. Additional license requirements are contingent upon your workflows and usage patterns.

Support Level

Oracle NetSuite offers diverse support tiers that differ in terms of support hours, communication methods, and the availability of a support agent.

Having a proficient Oracle NetSuite administrator can mitigate the need for support in many cases. Many organizations can benefit from lower-tier support options. This can result in NetSuite pricing at approximately $7,000 per year.

Negotiation

Negotiating prices is an option for significant purchases, where you can attempt to lower the cost of items you acquire. Negotiating for a discount can be reasonable, although it may not apply to licenses. However, if negotiated, you can get a discount on permits as well.

In summary, it is feasible to secure a discount ranging from 20% to 30% off the list price, which is a reasonable expectation. We have covered the pricing aspect for accessing the implemented ERP. Yet, effective cost management is also crucial during the ERP setup.

What is a NetSuite Consultant?

A NetSuite Consultant is an expert who collaborates with businesses to determine the optimal setup and implementation of NetSuite.

It is important to note that not all NetSuite Consultants possess the same level of expertise. Certification programs offered by NetSuite exist to ensure that consultants are fully qualified to provide practical recommendations and execute successful implementations.

Get the Best NetSuite Consulting Services

Transitioning from existing software to a new cloud ERP system is a significant step, and it can be overwhelming at times, especially if you are unsure where to begin.

This is where our NetSuite consulting service plays a crucial role. We have a proven track record of working with companies across various industries and sizes, helping them successfully adopt NetSuite. Whether it is assessing how NetSuite can specifically benefit your business, devising an implementation plan, or bringing the software to life, we are here to guide you every step of the way.

What Does a NetSuite Consultant Do?

NetSuite consultants have a wide range of responsibilities, encompassing various aspects of the process, from inception to NetSuite implementation and ongoing training. Here is a breakdown of what a NetSuite consultant does:

·     Collaborates with your company’s employees and the NetSuite implementation team to deliver a fully optimized solution.

·         Creates blueprints for NetSuite implementation.

·         Proposes NetSuite add-ons to enhance company workflows and data analysis.

·         Identifies necessary customizations and add-ons for your NetSuite software.

·         Conducts essential training sessions with your staff members.

·         Assists in determining NetSuite pricing, which can vary depending on your unique setup.

·         Oversees and assists in the implementation and data integration processes.

·         Identifies opportunities for optimizing your NetSuite software post-implementation.

·         Addresses any issues that arise, whether during or after implementation.

Our company specializes in comprehensive NetSuite consulting and development services designed to enhance your business. We unlock the full potential of NetSuite to meet your unique needs, streamlining processes and tailoring solutions to your specific requirements. Our focus on innovation and efficiency ensures that your NetSuite platform evolves harmoniously with your business.

Benefit from NetSuite development services that deliver tangible results firsthand. You can experience dynamic solutions through our expertise.

As our Oracle NetSuite partner, you gain the convenience of working with a dedicated NetSuite consulting team that covers everything from initial implementation to module upgrades and everything in between.

Once our NetSuite consultants understand your company’s goals and requirements, we can readily assist you in devising a strategic technical plan to achieve your business objectives.

Your success is our foremost priority, and we are committed to ensuring that our customers maximize their return on investment with Oracle NetSuite. Following your NetSuite go-live, access to efficient and effective NetSuite ERP support becomes imperative.

How Do I Know If I Need NetSuite Customizations?

The primary driving factors behind NetSuite customizations include:

Automation: Custom development is necessary for specific automation workflows beyond NetSuite’s existing functionalities.

Industry-Specific Functionalities: While NetSuite offers a common platform, industry-specific requirements may necessitate customizations for a seamless implementation.

Reporting & Dashboards: Custom reports and dashboards are often needed, especially when you need calculations or data storage within the system beyond NetSuite’s standard setup.

Integrations with Other Systems: Custom development is essential when integrating NetSuite with other platforms.

NetSuite offers extensive customization possibilities to tailor the system to your exact needs, enhancing workflow automation and expanding beyond its standard features.

Why Choose Intelvue for NetSuite Development?

·  Customized Solutions

Our approach to NetSuite development is to ensure that our solutions seamlessly align with your business objectives and industry standards.

·  Expertise & Experience

Our team of seasoned developers offer professional Netsuite Development services. Our knowledge and mastery of NetSuite’s capabilities create bespoke NetSuite solutions.

·  Ongoing Support & Maintenance

To ensure the uninterrupted operation of NetSuite projects, our robust support team offers technical assistance, addresses issues, and maintains the NetSuite environment.

·   Scalability & Flexibility

Our solutions are scalable and flexible, capable of adapting to your evolving needs. Whether you have expansion plans or require agility, our NetSuite development services are future-proof.

·  Seamless Integrations

Proficient in seamless integrations, we link NetSuite with third-party applications or systems, optimizing data flow and enhancing overall efficiency.

·  Workflow Automation & Optimization

Leveraging NetSuite’s automation capabilities, we streamline workflows, enabling businesses to maximize productivity and conserve valuable resources.

Conclusion

NetSuite is powerful ERP software that can streamline operations and boost efficiency. Evaluating its cost relative to its value for your business is a crucial aspect of your ERP decision-making process.Intelvue is a leading ecommerce solution services in USA. Get in touch with us to find out more. We are committed to assisting you in finding the right solution that aligns with your needs and budget throughout your NetSuite evaluation.