A Complete NetSuite Pricing Guide for Businesses in 2024

Are you considering NetSuite for your business in 2024 but unsure about the associated costs? This powerful Oracle ERP can be a game-changer, but understanding its pricing structure can be a bit tricky, as it’s not straightforward. NetSuite’s pricing in 2024 involves several components. In this blog, we will cover all the factors that affect pricing and how you can easily estimate the cost of NetSuite ERP for your business.

 

NetSuite Cost Components:

1. Base License Fee

This is the foundational cost for using NetSuite, covering the essential ERP functionalities required to run your business.

2. User Licenses

This cost is based on the number of people who will be using NetSuite. Each user needs their own license.

3. Additional Modules

The core package of NetSuite includes basic functionalities. However, businesses often have specific needs that go beyond these basics. Additional modules provide these specialized features, tailored to particular industries or business processes.

It’s like downloading additional apps to your smartphone to get more capabilities beyond the basic pre-installed ones.

For example, a retail company might need advanced inventory management, which can be addressed by adding the Inventory Management module. This module offers features like real-time inventory tracking, automated stock replenishment, and forecasting tools, tailored to the needs of retail businesses.

Similarly, a manufacturing firm might require the Manufacturing module. This module provides tools for managing production processes, including work order management, bill of materials (BOM) creation, and production scheduling, essential for efficient manufacturing operations.

4. Implementation Costs

This includes the expenses for setting up and customizing NetSuite to fit your specific business requirements. It covers everything from initial setup to integration with other systems.

Get a Personalised NetSuite Cost Estimation For Your Business!

 

Easy Steps to understand NetSuite pricing for your business in 2024

With years of experience helping clients select the right modules for their businesses and implementing robust solutions, our NetSuite consultants have created a easy steps to understand it.

1. NetSuite Licensing Costs

To determine the cost of NetSuite, identifying the appropriate edition for your business is important. This selection hinges on the size of your company and the required number of user licenses.

NetSuite Editions Pricing:

NetSuite offers various editions based on company size and user licenses:

NetSuite Edition Description
Starter/Limited Edition Supports up to 10 user licenses, suitable for small businesses with a single legal entity and up to 50 employees.
Standard/Mid-Market Edition Ideal for mid-sized companies needing 11-1,000 licenses, often managing two or more legal entities.
Premium Edition Offers unlimited licenses for larger enterprises with extensive user needs.
Enterprise Edition Designed for very large organizations with multiple legal entities, requiring over 1,000 user licenses.

 

NetSuite Service Tiers Cost:

In addition to choosing an edition, each business must fit within a designated service tier that aligns with its productivity requirements:

NetSuite Edition Users Supported File Storage Limit Monthly Transaction Lines Limit
Standard Up to 100 100GB 200,000
Premium Up to 1,000 1TB 2 million
Enterprise Up to 2,000 2TB 10 million
Ultimate Up to 4,000 4TB 50 million

Selecting the correct edition and service tier helps your NetSuite investment align with your business’s size and complexity, providing the right features and capacity for your needs.


Here’s What Each Standard NetSuite Edition Includes:

NetSuite Edition Included Features
NetSuite CRM Marketing automation for email marketing and campaign management.
Sales force automation with lead management and sales forecasting.
Real-time reporting and analytics for data-driven insights.
Upsell, quote, and order management to streamline sales processes.
Partner relationship management for efficient collaboration.
NetSuite ERP Financial management for handling ledgers, payables, receivables, and assets.
Inventory management for tracking stock and optimizing levels.
Order management to streamline order capture, fulfillment, and billing.
Supply chain management for demand planning and vendor management.
Global business management for compliance and international operations.


2. NetSuite Additional Modules Pricing:

NetSuite’s core package includes ERP and CRM modules across all editions. For some businesses, this package is sufficient. However, many businesses require additional modules to meet their specific needs. NetSuite offers pre-built modules that can be added to enhance the platform’s functionality.

Pre-Built Suites and Editions

Modules are available in bundled suites known as editions. For instance, the SuiteSuccess Manufacturing Premium Edition combines core ERP, CRM, and six additional NetSuite modules customized for manufacturing. Each edition’s price varies based on the included modules and the business’s specific NetSuite edition.

eCommerce Modules Pricing

NetSuite’s SuiteCommerce eCommerce component offers two levels:

Feature Site Builder SuiteCommerce SuiteCommerce Advanced
Business Size Suitability Smaller businesses Medium to Large businesses Medium to Large businesses
Customization Options Basic Moderate Advanced
Analytics Limited Moderate Advanced
Scalability Limited Moderate High

Industry-Specific Modules Cost

NetSuite offers modules customized to industry needs:

Category Modules/Solutions
Financial Management Advanced Financials, SuiteBilling, Revenue Management, Planning & Budgeting, OneWorld, Fixed Assets Management, and more.
Inventory & Order Management Advanced Inventory Management, Advanced Order Management, and Grid Order Management.
Commerce SuiteCommerce, SuiteCommerce Advanced, SuiteCommerce InStore, and SuiteCommerce MyAccount.
Professional Services Automation (PSA) SuiteProjects, Project Management, and OpenAir.
Supply Chain Procurement, Warehouse Management, Demand Planning, Work in Process (WIP), and Advanced Manufacturing.

A-La-Carte Modules

Individual NetSuite modules can also be licensed separately based on specific business needs, allowing businesses to customize the platform as required.

3. NetSuite Implementation Cost

NetSuite implementation typically costs 2-3 times the annual license fee for standard setups without extensive customizations or integrations. Total implementation costs range from $10,000 to $100,000+, largely due to varying project requirements. Key factors affecting pricing include discovery scope, customizations, development, integrations, and staff training.

Implementation Phase Hours Total Price
Discovery & Research 50-150 $7,500-37,500
Setup & Deployment 100-300 $15,000-75,000
Customizations Varies $0-10,000
Integrations Varies $0-10,000 setup fee, $0-$5,000 annually

Discovery & Research Phase Cost

This critical phase lays the groundwork, assessing current software and workflows, analyzing business processes, and identifying gaps and customization needs. Costs range from $7,500 to $37,500+ for 50-150 hours of consulting, with fees generally between $150-$250 per hour.

Setup & Deployment Price

The most time-consuming phase, typically taking up to three times the discovery phase’s time, involves configuring, customizing, and testing NetSuite. Depending on the project’s scope, setup and deployment can cost from $15,000 to $75,000 or more for 100-300 hours of work.

Customizations & Development Cost

Custom development may be needed if out-of-the-box modules are insufficient. Costs vary widely, potentially adding $10,000 or more to the project. Common customizations include:

  • Automation: Automating workflows that go beyond standard functionalities.
  • Reporting & Dashboards: Creating custom reports and dashboards for specific insights.

NetSuite offers two types of customizations:

  • SuiteFlow: Workflow automation for non-technical users.
  • SuiteScript: Advanced customization using JavaScript, requiring developers.

Pre-built bundles from third-party providers can offer more affordable solutions than custom development.

Integrations & Connectors Cost

Integrating other platforms into NetSuite is important for data centralization:

Service Integrations Connectors
Description Third-party software integrations with NetSuite, facilitating data exchange and workflow automation. Pre-built connections between NetSuite and other platforms, usually requiring no coding for setup.
Cost (Annual) $2,500-$5,000+ Typically less expensive than integrations
Setup Fees $1,500-$10,000+ Generally no setup fees
Examples Common integrations include Salesforce, Shopify, and HubSpot. Examples may vary based on specific connectors and business needs.

They can seamlessly connect NetSuite with platforms like Amazon, eBay, and ShipStation.

Third-party providers often offer additional connectors, expanding integration options beyond NetSuite’s native connectors.

Training and Support Investment

Ongoing technical support and training for NetSuite vary in terms of inclusion and cost based on the provider. If not included in the implementation package, training and support expenses range from $2,000 to $15,000 or more, depending on the number of employees, the depth of the training required, and its duration. A support plan make sures that employees are well-versed in using NetSuite’s features, leading to smoother operations and maximizing the return on investment. Custom training can be critical for businesses seeking to optimize their usage of NetSuite effectively.

How Much Does NetSuite Cost Per User?

NetSuite’s cost includes a monthly user fee, but that’s only one aspect. The base platform cost, license duration, add-on modules, and customizations significantly impact the actual per-user cost. To estimate the true cost, it’s essential to sum up all these expenses and then divide by the total number of users

 NetSuite User Licensing Cost

Understanding the types of user licenses is important for cost optimization:

Feature Full User License Employee Center License
Access Regular access to the platform Limited access for specific tasks (e.g., project time tracking, expense reporting)
Roles Includes standard roles (e.g., accountant, sales rep) and custom roles Limited roles, typically tailored for specific tasks
Usage Suitable for employees needing comprehensive access and functionality Suitable for users performing limited actions

How to Purchase NetSuite?

When deciding where to purchase NetSuite, businesses can choose between licensed solution providers or purchasing directly from NetSuite.

NetSuite Purchasing Options

Option Ideal For
Licensed Provider Businesses with complex processes or customization needs.
Direct Purchase from NetSuite Smaller businesses with simpler processes that do not require extensive customization or advanced integrations.

Factors Affecting the NetSuite Pricing

NetSuite’s pricing can change based on several factors:

  • Number of User Licenses: The overall cost depends on the number of user licenses, as each user requires a separate license.
  • Company Size: Larger companies may need more extensive setups and customizations, influencing pricing.
  • Add-On Modules: Additional modules for specific functionalities beyond the core package can add to the base cost.
  • Customizations and Integrations: Tailoring NetSuite to meet unique business requirements and integrating it with other systems can increase costs.
  • Scope of Implementation: The extent of configuration and setup required to tailor the system to your business needs affects pricing.
  • Implementation Complexity: The complexity of new implementation or upgrading existing systems, including data migration, customizations, and integrations, can lead to additional costs beyond the initial setup.
  • Ongoing Training and Support: Continuous training and support services to ensure effective use and issue resolution can impact the total cost.
  • Service Level Adjustments: Changes in the desired level of support, including training, technical support, and professional services, can affect the overall pricing structure.
  • Third-Party Integrations: Adding integrations with third-party applications or services may require additional investments, especially if significant development work is needed.

Industry-Based Requirements for NetSuite

Each industry has unique requirements that NetSuite addresses through its flexible, modular platform. By tailoring its offerings to specific industries, NetSuite enables businesses to streamline their operations and improve efficiency, ensuring that they meet their unique challenges effectively.

Industry Description
Manufacturing Inventory and supply chain management capabilities for efficient production workflows, including demand forecasting, supply chain management, and production planning.
Retail & eCommerce Tools for unified online and in-store shopping, real-time inventory visibility, personalized marketing campaigns, and streamlined order management to enhance customer experiences.
Professional Services Project management and resource planning tools including resource management, time tracking, billing, and project accounting for efficient workforce management and project profitability monitoring.
Software Companies Financial management, subscription billing, and revenue recognition functionalities tailored for handling complex licensing models and SaaS revenue streams.
Wholesale Distribution Advanced inventory management and demand planning tools for efficient tracking and management of inventory across multiple locations, along with integrated CRM for B2B customer relationships.
Healthcare and Life Sciences Compliance tools, financial management capabilities, and inventory management features tailored for healthcare and life sciences organizations.
Nonprofit Organizations Customized financial reporting, fund accounting, and features for managing donations, grants, and volunteer resources for nonprofit organizations.
Food and Beverage Specialized inventory and quality control features including batch and expiry tracking, lot traceability, and supply chain management for the food and beverage industry.
Education Features for managing student information, tracking alumni relations, handling budgeting, admissions, tuition billing, financial aid, and institutional performance reporting for educational institutions.

How to Optimize Your NetSuite Investment?

  • Evaluate Business Needs: Begin by thoroughly assessing your business processes and identifying areas where NetSuite can provide the most value. Focus on modules and features that align with your immediate needs to avoid unnecessary costs.
  • Choose the Right Edition and Modules: Pick the NetSuite edition and modules that best suit your business size and industry requirements. Consider starting with essential modules and adding more as needed to avoid paying for unnecessary features.
  • Customizations and Automations: Use NetSuite’s SuiteFlow and SuiteScript tools to automate workflows and customize reports, reducing manual efforts and improving efficiency. Avoid over-customizing, which can increase costs and complexity.
  • Integrate Efficiently: Integrate NetSuite with essential third-party applications to streamline data flow, improve insights, and enhance overall efficiency. Use pre-built connectors whenever possible to reduce development costs.
  • Training and Support: Invest in training for your team to fully utilize NetSuite’s capabilities. Adequate training reduces errors and boosts productivity, maximizing the return on your investment.
  • Regular Review and Updates: Periodically review your NetSuite setup so that it continues to meet your evolving business needs. Take advantage of updates and new features to stay current and enhance efficiency.

Tips for Choosing the Right Modules and Scaling Appropriately

  • Assess Current Business Needs: Begin by conducting a thorough assessment of your business’s current processes to identify where NetSuite can add value. Focus on modules that address your core requirements.
  • Start with Essentials: When initially adopting NetSuite, choose basic modules such as ERP and CRM. This will help you understand the system’s core functionalities before adding advanced features.
  • Consider Industry-Specific Requirements: Depending on your industry, you may require specialized modules like supply chain management for manufacturing or SuiteCommerce for retail. Align the modules with your industry’s standard processes.
  • Plan for Growth: As your business expands, your NetSuite modules should scale with you. Consider future requirements like additional users, subsidiaries, or business divisions when choosing modules to avoid frequent upgrades.
  • Evaluate Cost vs. Benefit: Analyze the cost of each module against the potential benefits it offers. Modules that automate key business processes or enhance reporting can significantly impact efficiency and decision-making.
  • Consult with Experts: Work with our NetSuite consultants or solution providers who can guide you on module selection based on your business model and growth trajectory.
  • Iterative Scaling: Add new modules in phases, testing and refining each addition. This approach allows for gradual adoption and optimization without overwhelming your team.

Get Your NetSuite Cost Today!

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FAQs

Monthly costs of NetSuite for small businesses can range from $1,000 to $10,000. There may be a variation in the cost depending on factors such as how many users and which modules are required.

Generally, there aren’t hidden costs, but it’s crucial to consider all potential expenses like customization, third-party integrations, and ongoing support fees. Getting a detailed quote helps avoid surprises.

NetSuite's basic pricing plan generally starts at around $999 per month, but it can be higher depending on your business size, user count, and selected modules.

Yes, NetSuite offers various financing options. You can work with NetSuite or a reseller to find a payment plan that suits your budget, often spreading the cost over several months or years.

New customers can often find discounts or promotions, especially if you’re willing to commit to a longer-term contract. It’s worth discussing these possibilities with your NetSuite sales representative.

Unfortunately, NetSuite doesn’t offer a free version. However, they do provide demos and trials to help you evaluate if it’s the right fit for your business before making a commitment.

NetSuite upgrades are included in your subscription at no additional cost. The platform regularly updates to ensure you have access to the latest features and improvements without any extra charges.

More than 37,000 companies worldwide use NetSuite.

NetSuite accounting costs vary based on your business needs. The Limited Edition starts at $999/month and goes up based on edition and user count.

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