All About NetSuite Pricing 2023: Know How Much Does NetSuite Cost?

There is a great deal of information available while researching the NetSuite platform. Our NetSuite consultants have put together the comprehensive Oracle NetSuite pricing information here to make it easier for you. The following types of queries about NetSuite pricing and licensing structure are regularly asked:

How much does NetSuite set you back?

What is the NetSuite Pricing Model?

How can I reduce the cost of NetSuite licensing?

Because NetSuite is a very configurable platform, it is difficult to determine how much it would cost without knowing the exact size of your organization.

What does NetSuite set you back?

NetSuite pricing is customized for each customer; therefore, rates vary substantially. This Oracle ERP will cost small firms between $2,000 and $3,000 per month.

The price of NetSuite is determined by several factors, including:

• The total number of NetSuite licenses you’ll need
• The size of your organization
• The NetSuite add-on modules you’ve bought
• Customizations to NetSuite are required
• The NetSuite implementation’s scope
• Ongoing training and guidance

NetSuite Pricing by Cost Per User

NetSuite can be used by any employee, from a Sales Manager to a CFO, so you may want to have everyone signed up. When licensing software as a service, the price varies depending on the number of licenses required. The subscription agreement got more expensive with the growing number of members. Each person will need their license and full network-accessible resources. Some users require limited access. These users may have the same login. However, having one user license agreement per individual is generally advised from an auditing and accountability aspect.

The monthly fee for a single NetSuite user is $99 per month. To calculate an actual genuine per-user cost, divide the overall price of the suite plus any additional NetSuite modules and user licenses by the total number of customers.

How Does It Function?

NetSuite editions are determined by the size of the organization and the volume of user licenses involved.

• Starter/Limited Editions of NetSuite – It offers up to ten user licenses. It’s best for businesses with one legal entity and fewer than 50 employees.
• NetSuite Standard/Mid-Market Editions – User licenses for 11 to 1,000 employees are available. It’s best for companies that have two or more legal entities.
• NetSuite Premium Edition – It comes with an infinite number of licenses.
• NetSuite Enterprise Editions – The NetSuite Enterprise Edition is built to handle companies with various legal entities that require licenses well over 1,000 NetSuite user

The CRM and ERP tools and functions in NetSuite are included by default in all editions of NetSuite. The following are the features you’ll get:

NETSUITE CRM

• Marketing automation
• SalesForce automation with NETSUITE CRM
• Real-time data reporting and analytics
• Management of upsells, quotes, and orders
• Managing quotas and projecting sales
• Managing partner relationships

ERP NETSUITE

• Managing finances
• International business management
• Inventory control
• Managing orders
• Managing the supply chain
• Managing the warehouse
• Accounting

NETSUITE USER LICENSING

NetSuite offers a few more sorts of licenses to its user in addition to the standard editions of user licenses. Therefore, it’s critical to understand what level of access each employee at your firm requires. The NetSuite Edition tiers are determined by the required number of complete user licenses.

• License for a single user

It is the most popular license kind. Any team member who uses NetSuite regularly needs a full user license. Roles in NetSuite are pre-configured access settings that include primary roles like accountant, sales rep, or administrator, as well as unique roles. A complete user license is required for any team member having these responsibilities.

• Employee Center Permit

These users can only do a limited number of actions. These licenses come in five packs for the price of one. Tracking project time, accessing or entering PTO, and amending expense reports are all examples of these actions. However, this is the extent of their NetSuite functionality.

INDUSTRY-SPECIFIC NETSUITE MODULES

If your business requires any of the following core functionalities, you’ll need to purchase an industry-specific NetSuite module.

NETSUITE FINANCIAL MANAGEMENT MODULES

• NetSuite Advanced Financials, NetSuite SuiteBilling, and NetSuite Revenue Management are all NetSuite products.
• NetSuite Budgeting & Planning
• NetSuite Accounting Multi-Book
• OneWorld by NetSuite
• Dunning Letters from NetSuite
• Fixed Assets Management in NetSuite
• Electronic Bank Payments in NetSuite
• Contract Renewals for NetSuite

NETSUITE INVENTORY AND ORDER MANAGEMENT MODULES

• Grid Order Management
• Advanced Inventory Management
• Advanced Order Management

NETSUITE COMMERCE MODULES

• NetSuite SuiteCommerce
• Advanced NetSuite SuiteCommerce
• In-Store NetSuite SuiteCommerce
• MyAccount NetSuite SuiteCommerce

NETSUITE PROFESSIONAL SERVICES AUTOMATION (PSA) MODULES

• NetSuite SuiteProjects
• NetSuite Project Management
• NetSuite OpenAir, a cloud-based version.

NETSUITE SUPPLY CHAIN MODULES

• NetSuite Procurement, NetSuite Warehouse Management System, and NetSuite Demand Planning are all NetSuite products.
• Quality Management in NetSuite
• Work in Progress (WIP) and Routings in NetSuite
• Work Orders and Assemblies in NetSuite
• Advanced Manufacturing in NetSuite

How to Cut the Cost of NetSuite Licensing?

For many first-time users, purchasing a NetSuite license can be confusing. It’s not like the bulk of software ecosystems, where you can only license software straight from the seller. To proceed, select a NetSuite partner, also known as a NetSuite Solution Provider. Then, you can get in touch with an accounting firm that is part of NetSuite’s BPO program. Ultimately, you have the option of working with NetSuite’s direct sales and service staff.

The following suggestions will help you save a lot of money on NetSuite licensing:

1. Information

You can discover enough about the potential benefits and drawbacks of NetSuite licensing. What matters most is that you get it correctly the first time. One of the most typical blunders we observe from NetSuite buyers is that they expect to renegotiate their NetSuite licenses when their subscription expires the following year. Remember that the first software transaction you execute using NetSuite will be the most significant. The initial Subscriptions Software Agreement (SSA) and license estimate you negotiated are being used to forecast all future renewals.

2. Purchase software at the perfect time

It’s always about the timing. To achieve your institution’s deadlines and achieve your NetSuite ROI, don’t forget to plan the ideal timeframe for your license purchasing. It is the best moment to negotiate a better software agreement if it’s the last business day of the financial year.

3. Terms and Conditions of the Contract

Users can request a longer-term contract with a fixed cost for the initial subscription term by engaging with a Solution Provider. It will deduct any future disappointments and difficulties during the subscription.