How much does NetSuite Cost?
There are a variety of factors that go into the total cost of Oracle NetSuite ERP. Software costs are based on:
- User licenses: The number of individuals in your organization requiring access to NetSuite.
- Base software: Essential functionalities necessary to operate your business within NetSuite.
- Additional modules: Supplementary tools not included in the base software that cater to specific business needs.
The cost of user licenses is a flat rate per license. Additional user licenses can always be added later as needed.
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.
What's included in Oracle NetSuite?
Each edition of NetSuite encompasses a comprehensive suite of features designed to streamline business operations:
- 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
- Order Management
- Multi-Currency and Multi-Language Capabilities
- Built-In Business Intelligence
Common add-on modules purchased with NetSuite:
Additional modules you purchase are priced either individually or as pre-packaged bundles based on industry. 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)
- Project Management
- Ecommerce and Retail Management
Things You Don’t Have to Pay for with NetSuite
No Infrastructure Costs
When you select NetSuite as your ERP solution, infrastructure costs aren’t an issue. NetSuite is a cloud solution and you don’t host data on-site, no extra equipment like servers and databases are necessary to purchase. Additionally, costs related to maintaining these are unnecessary, since Oracle owns and maintains all the hardware.
Always Up to Date
While other solutions require costly and time-consuming upgrade projects, NetSuite’s cloud-based deployment means that when software updates are available, they are pushed out automatically to you. Twice a year, NetSuite releases two new updates for all customers that include security updates and new functionality at no extra cost.
NetSuite Implementation Costs and Requirements
The process of implementing NetSuite involves several key phases that can influence the overall investment:
- Discovery and Planning: Assessing business requirements and developing an implementation strategy.
- Configuration and Data Migration: Setting up the system and transferring existing data into NetSuite.
- Customization and Integration: Tailoring NetSuite to fit unique business processes and integrating with other systems.
- Training and Support: Educating users on how to effectively utilize NetSuite and providing ongoing assistance.
Engaging with an experienced NetSuite implementation partner can help ensure a smooth transition and optimize the system’s benefits.
While consultant rates in the United States for Tier 1 software, such as Oracle, Microsoft and SAP, can run up to a couple 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 consulting firm:
- 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 Things to Know About Oracle NetSuite Pricing
Below is additional info on NetSuite ERP pricing.
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.
Help for helpers
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 pricing for startups
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.
Use a partner
Finally, while you can purchase the software and implement with NetSuite directly, a partner can lead you through the entire process. NetSuite partners like Terillium provide industry knowledge, expertise and advice as you navigate the selection and implementation process.