How much does NetSuite Cost?
Oracle NetSuite Pricing Info
The total cost of Oracle NetSuite depends on the functionality your business needs and the scope of your implementation. The primary factors that influence NetSuite pricing include:
- User Licenses: NetSuite pricing is influenced by the number and type of users who need access to the platform. Organizations can add users as their business grows and their needs change.
- NetSuite Addition and Base Software: The NetSuite edition and core functionality your business requires will affect your overall software investment. The right configuration depends on factors such as business size, complexity, and operational requirements.
- Additional NetSuite Modules: Businesses can add functionality beyond the core NetSuite platform to support specific needs. Additional modules may affect the overall cost depending on the functionality required.
- NetSuite Implementation: NetSuite implementation is a separate consideration from the software subscription. Implementation costs can include discovery and planning, configuration, data migration, integrations, customization, testing, training, and go-live support.
- Customizations: Custom workflows, reports, scripts, dashboards, and other modifications can affect the overall cost of a NetSuite implementation. The level of customization required will depend on how closely standard NetSuite functionality aligns with your existing business processes.
- Ongoing Support: After implementation, businesses may choose ongoing NetSuite support and consulting services for system optimization, troubleshooting, enhancements, training, and other needs.
NetSuite is different from other ERP software because it’s an “out of the box” solution – meaning the core software functionality is included. However, you can purchase additional modules that are useful for your business. Another cost to consider is the initial implementation costs to get up and running with NetSuite.
NetSuite Costs
What’s Included in the Cost of NetSuite
NetSuite includes a broad range of core ERP functionality. Businesses can also add modules and functionality based on their specific requirements.
- Financial Management
- General Ledger, Accounts Receivable, Accounts Payable
- Sales CRM
- Marketing Automation, Sales Force Automation/Opportunity Management, Case Management/Customer Service Management, Partner Relationship Management
- Procurement
- Inventory Management
- Order Management
- Multi-Currency and Multi-Language Capabilities
- Built-In Business Intelligence
Additional add-on NetSuite Modules and Costs
Businesses can add NetSuite modules based on their industry, business processes, and functional requirements. Additional modules can affect the overall cost of NetSuite and may be purchased individually or as part of pre-packaged bundles.
The price per module or bundle is also dependent on the edition of NetSuite you are implementing.
- Fixed Assets
- Human Capital Management
- Project Management
- Revenue Management
- Oracle Planning and Budgeting Cloud Service (PBCS)
- Warehouse Management System (WMS)
- Project Management
- Ecommerce and Retail Management
What Doesn’t Add to Your NetSuite Costs?
No Infrastructure Costs
NetSuite is a cloud-based ERP, so businesses do not need to purchase or maintain on-site servers and other infrastructure required to host the software. Additionally, costs related to maintaining these are unnecessary, since Oracle owns and maintains all the hardware.
Automatic Updates
NetSuite automatically delivers software updates, including security enhancements and new functionality, without requiring customers to manage traditional upgrade projects. Twice a year, NetSuite releases two new updates for all customers at no extra cost.
NetSuite Implementation Costs and Requirements
NetSuite implementation costs vary based on the scope and complexity of the project. A straightforward NetSuite implementation with limited customization and integrations will require a different level of effort than a multi-entity deployment involving extensive data migration, integrations, or industry-specific functionality.
What Affects NetSuite Implementation Cost?
- Number of users: More users can increase configuration, testing, and training requirements.
- Number of entities: Multi-entity and multi-subsidiary implementations can require additional configuration and reporting.
- Modules: Each organization may require a different combination of NetSuite functionality.
- Data migration: The amount, quality, and complexity of data being moved into NetSuite can affect project scope.
- Integrations: Connecting NetSuite with third-party applications can add development, testing, and coordination requirements.
- Customization: Custom workflows, reports, scripts, and other modifications can increase implementation effort.
- Reporting requirements: More complex reporting and business intelligence requirements may require additional configuration.
- Training and change management: A change management strategy to prepare employees to use the new ERP system is an important part of a successful implementation.
- Project timeline: Accelerated implementations may require additional resources and coordination.
Working with an experienced NetSuite implementation partner can help you define project requirements, establish realistic expectations, and build an implementation plan aligned with their business goals.
While consultant rates in the United States for Tier 1 software, such as Oracle, Microsoft and SAP, can run up to a couple of hundred dollars an hour, there are many factors to consider in the overall implementation budget. When you partner with a qualified NetSuite consulting firm for an implementation, you’re pairing with a team of certified experts who have substantial technical experience. They should have a proven methodology with relevant experience in your industry.
Other key requirements you should expect from a NetSuite implementation partner:
- Tools for team communication and project management
- Measurable milestones and goals
- Leadership to navigate the progress and change management
- Trusted expertise and recommendations for the technical and functional aspects of NetSuite
- Ability to build a strong and efficient internal team to rely less on external help following the implementation
Other Factors to Consider When Evaluating Oracle NetSuite Costs
SuiteSuccess
NetSuite SuiteSuccess is a pre-configured product designed for your industry and made for businesses that require business tools in as soon as 100 days.
Organizations who choose to implement NetSuite with SuiteSuccess receive a total solution with tools configured by industry to improve your implementation and go live faster. You receive pre-designed functionality based on leading practices for your industry, pre-built industry-specific reports and pre-built dashboards and roles with set up based on job functions.
This instance of NetSuite is then implemented within 100 to 140 days, using a methodology created especially for SuiteSuccess projects. The main difference between the SuiteSuccess methodology and NetSuite’s standard is the “stairway” approach – a shorter initial implementation that means at the end of phase one, you’re live on NetSuite and can use the later phases for additional functionality.
NetSuite for Nonprofits
Is your business a nonprofit? If so, you can apply to implement NetSuite through the NetSuite Social Impact program at a reduced cost or no cost. Nonprofits of all sizes are eligible for a base donation of NetSuite’s nonprofit solution with a no-cost activation. This would include all the financial operations of a small organization and has no recurring cost. Beyond that, nonprofits that qualify through Social Impact can access tools like grant accounting, nonprofit budgeting, FASB reporting and more at a reduced cost.
NetSuite for Small Business
While NetSuite is an affordable option for businesses that need one platform on which their business can be run, some small businesses and startups may need a more inexpensive option. The NetSuite SuiteSuccess Starter Edition is an option that provides a total solution designed with small businesses in mind. Most small businesses use either a low-cost activation or an accelerated implementation to implement in a cost-effective way.
The NetSuite Professional Services Activation is a low-cost activation of your solution in which NetSuite consultants convert your business data, configure your system, go through a process walkthrough and more. Users are set up with roles in NetSuite, the software is running with the most integral tools and includes 95 or more pre-built reports and pre-configured roles with dashboards and business intelligence metrics.
NetSuite Pricing | Frequently Asked Questions
NetSuite costs vary depending on the number of users, NetSuite edition, modules, implementation requirements, integrations, and customizations. Because each organization’s requirements are different, NetSuite pricing is typically determined based on the specific solution and scope needed.
NetSuite pricing is influenced by factors such as the base software, number and type of users, additional modules, and other functionality required by the business.
NetSuite costs for a small business depend on the number of users, functionality required, implementation scope, and additional modules or services. A smaller organization with straightforward requirements may have a different investment than a growing company that needs multiple entities, advanced inventory, manufacturing, integrations, or customization. The best way to determine the potential cost is to evaluate the specific requirements of your business.
NetSuite includes core ERP functionality such as financial management, CRM, procurement, inventory, order management, and business intelligence. Additional functionality can be added based on business requirements.
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