NetSuite Pricing Guide
Everything you need to know about Oracle NetSuite Pricing
Table of Contents
Understanding the cost of Netsuite
Oracle NetSuite is a widely-used and popular cloud-based software as a service (SaaS) ERP. NetSuite has over 37,000 customers worldwide. Companies across various industries use NetSuite ERP to efficiently manage core business processes on a single, streamlined platform. With its integration and automation capabilities, NetSuite saves businesses time and money — making it an investment worth considering.
If your company is considering NetSuite ERP, one of the first steps is determining its cost and whether it fits your organization’s budget.
How Much Does NetSuite ERP Cost?
The cost of NetSuite ERP varies depending on factors such as the size of your company or industry, which can impact the functionality required, the number of users and transaction volume. Whether it is an on-premise or cloud-based system, ERP implementation can carry heavy costs. Cloud-based services tend to cost less than on-premise solutions.
NetSuite operates on a subscription-based pricing model, which means that companies pay an annual fee to use the software. This is different from traditional on-premise ERP systems, which require high upfront costs to set up equipment such as servers, routers, backup power and cooling systems. On-premise ERP systems also often require companies to pay for a perpetual license to use the software, along with ongoing costs for annual maintenance fees and administering server software and hardware.
If you have questions about NetSuite pricing and licensing, we provide transparent pricing and can answer your questions as a trusted NetSuite Solution Provider.
SaaS applications such as Oracle NetSuite ERP eliminate the need for servers and server infrastructure. As a result, upfront and ongoing maintenance costs are much lower than traditional on-premise ERP systems. SaaS applications also provide a more flexible model that can scale with your business needs.
NetSuite Pricing
NetSuite Pricing is determined by several factors such as the size of your company, industry (to determine functionality required), number of users, and transaction volume.
NetSuite subscription costs depend on the following four components:
- Base Package or SuiteSuccess Edition
- User Licenses
- Optional Add-on Modules
- Service Tier Upgrade – optional or based on transaction volume
Buying Tips
- Only buy what you need when you need it – not “nice to haves”.
- Work with a partner who understands your industry.
- Don’t buy more users than you need. During implementation you don’t need a lot of users. You can add more users at any time.
- Leverage limited access licenses where you can.
- NetSuite isn’t good at ALL things so work with a partner you can TRUST and is experienced in both NetSuite and 3rd party solutions.
NetSuite Packages
Base Packages
NetSuite Base Package is great for growing companies, this financial management system scales with your business and offers essential features like reporting, budgeting, tax compliance and cash flow management.
Every NetSuite base package comes with the core platform, which contains its ERP and CRM functionalities. NetSuite’s ERP includes the following business management processes:
NetSuite ERP
- General Ledger
- Accounts Payable
- Accounts Receivable
- Purchasing
- Inventory Management
- Order Entry
- Expense Reporting
- Advanced Shipping
NetSuite CRM
- Sales Force Automation
- Marketing Automation
- Customer Service/Support
NETSUITE SUITESUCCESS EDITIONS
NetSuite SuiteSuccess is a comprehensive solution that manages all aspects of a business in one system. It offers predefined components tailored to your industry and users’ roles, enabling faster time-to-value, better return on investment (ROI) and greater employee adoption. The phased implementation approach allows companies to gradually increase their use of the suite based on their individual needs, delivering constant engagement, updated leading practices, new feature releases and value-added partners.
Businesses select a NetSuite SuiteSuccess edition based on their functionality needs and company size. Since editions offer a different number of user licenses and functionalities, the type of edition you choose will affect the cost. NetSuite editions build upon core ERP and CRM functionalities.
FINANCIALS FIRST
NetSuite Financials First is a built-in solution within SuiteSuccess. NetSuite Financials First also includes a pre-configured solution with proven procurement and sales workflows, dashboards, KPIs and functional roles.
Financials First suits fast-growing companies needing a foundational financial management system to scale with business growth. Financials First is available in a Standard Edition, which allows up to 30 users, or a Premium Edition, which has no user limit.
- Standard Edition: Up to 30 users
- Premium Edition: No user limit
STARTER EDITION
Starter Edition is configured for small, growing companies needing to support up to 10 users. This option is best for small companies with 50 employees or less. It provides a good financial management foundation that incorporates leading practices, predefined function roles and proven workflows.
Financials first
- NetSuite ERP
- NetSuite CRM
- NetSuite Subsidiary Management
- Financial Management Cloud Service
- Advanced Electronic Bank Payments Cloud Service
- Customer, Vendor and Partner Center logins
- 5 Employee Self-Service Users
- Fixed Asset Management Cloud Service*
- Advanced Electronic Bank Payments Cloud Service*
*Included with Financials First Premium
Starter Edition
- NetSuite ERP
- NetSuite CRM
- Includes 5 General Access
- User Licenses
- NetSuite Advanced
- Electronic Bank Payments
- Cloud Service
- Customer, Vendor and Partner Center logins
SuiteSuccess Industry Editions
Other NetSuite SuiteSuccess editions provide preconfigured industry-specific workflows, best practices and function roles. Dashboards, reports and KPIs provide visibility and valuable insights. With its pre-built functionalities designed to suit an industry’s needs, SuiteSuccess editions promote streamlined implementation. SuiteSuccess industry-specific solutions are available in:
- Standard Edition: The Standard Edition is recommended for mid-market companies with up to 30 user licenses, up to 100 employees or that have two or more legal entities requiring consolidated financial reporting.
- Premium Edition: Best for mid-market to large companies, the Premium Edition can scale up to 1,000 users.
Manufacturing
Manufacturers are constantly seeking ways to increase efficiency. NetSuite’s Manufacturing edition allows manufacturers to seamlessly integrate manufacturing processes — including work orders, assembly, BOM and demand-based replenishment.
- NetSuite Core ERP
- NetSuite CRM
- Demand Clanning
- Inventory Management
- Work Orders and Assemblies
- Advanced Electronic Bank Payments
- Financial Management*
- Fixed Asset Management*
- WIP and Routings*
- Procurement Cloud*
Wholesale Distribution
Wholesale distributors require real-time visibility to prevent stockouts and keep up with demand. NetSuite’s Wholesale Distribution edition supports the industry’s operations with various solutions.
- NetSuite Core ERP
- NetSuite CRM
- Inventory Management
- Advanced Electronic Bank Payments
- Demand Planning*
- Procurement Cloud*
Food and Beverage
Companies use NetSuite’s Health and Beauty to efficiently manage orders, inventory and financials and stay competitive in an ever-changing industry.
- NetSuite Core ERP
- NetSuite CRM
- Inventory Management
- Work Orders and Assemblies
- Advanced Electronic Bank Payments
- Financial Management*
- Quality Management*
- Demand Planning*
- WIP and Routings*
- Procurement Cloud*
Health and Beauty
- NetSuite Core ERP
- NetSuite CRM
- Inventory Management
- Work Orders and Assemblies
- Advanced Electronic Bank Payments
- Financial Management
- Demand Planning*
Apparel, Footwear and Accessories
- NetSuite Core ERP
- NetSuite CRM
- Inventory Management
- Grid Order Management
- Work Orders and Assemblies
- Advanced Electronic Bank Payments
- Financial Management
- Demand Planning*
Campus Stores
- NetSuite Core ERP
- NetSuite CRM
- Inventory Management
- Advanced Electronic Bank Payments
- Point of Sale Cloud Service
- SuiteCommerce Cloud Service
- SuiteCommerce Advanced
- Procurement Cloud*
Retail
- NetSuite Core ERP
- NetSuite CRM
- Inventory Management
- Electronic Bank Payments
- Financial Management*
Services
- NetSuite Core ERP
- NetSuite CRM
- Financial Management
- Electronic Bank Payments
- SuiteProjects
- Revenue Management
Software
- NetSuite Core ERP
- NetSuite CRM
- Financial management
- Electronic Bank Payments
- Revenue Management
- Fixed Asset Management*
*Included with Premium Edition
NetSuite User Licensing
In addition to NetSuite Edition, each user accessing NetSuite needs a license. NetSuite uses a named user licensing model, meaning that a user license is required for an individual named user. It is not based on concurrent user connections. NetSuite offers three types of user licenses based on different permissions and functionality needs, and each type impacts cost:
- General Access User License: A general access user license is required for users who need regular access to NetSuite functionality. This may include users in roles such as finance, accounting, operations, sales and customer service.
- Employee Self–Serve License: The employee self-service license can be used for users who only require limited access to NetSuite for such functions as entering time and expenses on projects and submitting PTO and purchase requisitions.
- WMS Limited Access User License: Users with the WMS limited access license are permitted into the SCM Mobile platform which includes access to WMS, Ship Central and Smart Count. Access is restricted to related transactions such as Receiving & Putaway, Returns, Order Release Picking, Packing and Shipping, Bin and Inventory Transfers, Bin Replenishment, Cycle Count and Picking and Build Assembly
NetSuite Service Tiers
In addition to NetSuite Editions, NetSuite has four different levels of service tiers based on the number of users, file storage usage and monthly transaction volume. All NetSuite editions include the Standard service tier. Only larger companies with a high number of users, file storage requirements and transaction volume will require a higher service tier.
Standard | Premium | Enterprise | Ultimate | |
|---|---|---|---|---|
Max Users | 100 | 1,000 | 2,000 | 4,000 |
File Storage | 100 GB | 1 TB | 2 TB | 4 TB |
Monthly Transaction Lines* | 200,000 | 2,000,000 | 10,000,000 | 50,000,000 |
Max SuiteCloud Plus Licenses^ | 1 | 3 | 6 | 12 |
Included Sandbox | None | 1 included | 1 included | 1 included |
Upgrade Timeframe | Assigned | Selectable | Selectable | Selectable |
*Total transaction lines per month across all transaction types, averaged over the most recent six months.
^SuiteCloud Plus Licenses can be purchased to increase the number of concurrent web services operations that can be performed.
NetSuite Optional Add-on Modules
NetSuite offers optional add-on modules to provide advanced functionality to meet specific business requirements. These optional modules can be licensed separately or in “Industry Suite” bundles. This allows you to pay for only the functionality that you need. Most modules are priced monthly based on the module and your SuiteSuccess edition.
FINANCIAL MANAGEMENT
NetSuite’s financial management modules enhance key financial management capabilities. It expedites daily financial transactions, ensuring compliance, reducing budgeting and forecasting cycle times and speeding up the financial close. They include:
- Advanced Financials
- SuiteBilling
- Revenue Management
- AP Automation
- Bill Capture
- Planning and Budgeting
- Account Reconciliation
- Multi-book Accounting
- OneWorld Global Business Management
- Dunning Letters
- Fixed Assets Management
- Electronic Bank Payments
CUSTOMER RELATIONSHIP MANAGEMENT
- NetSuite CRM
- Contract Renewals
- Incentive Compensation
- CPQ
SUPPLY CHAIN MANAGEMENT
- NetSuite Procurement
- Warehouse Management System
- Ship Central
- Demand Planning
- Quality Management
- WIP and Routings
- Work Orders and Assemblies
- Advanced Manufacturing
INVENTORY AND ORDER MANAGEMENT
- Advanced Inventory Management
- Smart Count
- Advanced Order Management
- Grid Order Management
BUSINESS INTELLIGENCE
- Analytics Warehouse
COMMERCE
- SuiteCommerce
- SuiteCommerce Advanced
- SuiteCommerce InStore
- SuiteCommerce MyAccount
- NetSuite Connector
HUMAN RESOURCES
- Payroll
- SuitePeople HR
- SuitePeople performance management
- SuitePeople workforce management
PROFESSIONAL SERVICES AUTOMATION
- SuiteProjects
- Project management
- OpenAir
Choosing The Right NetSuite Modules
Companies are increasingly choosing NetSuite to tackle challenges in financial management and accounting, encompassing general ledger, accounts payable (AP), accounts receivable (AR), and cash management. NetSuite includes these foundational financial capabilities, eliminating the need for additional modules for many companies.
For those seeking added functionality to address specific industry requirements, NetSuite offers industry-specific solutions with industry SuiteSuccess editions. These solutions consist of modules packaged for the requirements of vertical markets.
Regardless of where you start, the option to incorporate additional modules to meet evolving business challenges is always available. Engaging with the right NetSuite Solution Provider is key to selecting the appropriate modules for your NetSuite solution. Collaborating with a partner like Luxent allows a thorough understanding of your business needs and pain points, facilitating the creation of a tailored solution perfectly aligned with your business objectives.
NetSuite Implementation Costs
The cost to implement NetSuite varies depending on several key factors, such as:
SCOPE
The breadth of NetSuite capabilities is numerous, many of which come out of the box with the core software package. The number of functional areas you are implementing will affect the price of the implementation.
At Luxent, we recommend keeping the scope in phase one small. A narrower scope allows your company enough time to manage the change associated with a new ERP, build user confidence and immediately start realizing return on investment. Having more assured users will make subsequent phases easier and less expensive. Introducing automation in the areas that replace other technology and reduce manual processes are good places to start with NetSuite but come at an additional cost and impact the timeline for going live.
BUSINESS COMPLEXITY
CUSTOMIZATIONS
Tailoring NetSuite to meet specific business needs through customizations can contribute to costs. The more customization required, the higher the implementation expenses. Following our leading practices and approaches will help eliminate the need for costly customizations.
INTEGRATION REQUIREMENTS
If your business requires integration of NetSuite with other third-party applications or existing systems within your organization, additional costs may arise. Complex integrations often demand more time and resources.
TRAINING AND SUPPORT
Training your staff on how to use NetSuite effectively is a crucial aspect of implementation. The right approach to training is not always a one-size-fits-all solution for all businesses. The cost of training and ongoing support services should be factored into the overall implementation budget.
As your NetSuite implementation partner, we can help you determine the right training approach that works for your business with the most cost-effective solutions.
VENDOR SELECTION
The choice of implementation partner or vendor can impact costs. Some vendors may charge higher fees based on their experience, expertise and industry specialization.
DATA MIGRATION
Moving existing data into NetSuite can be a time-consuming process, especially if your data requires cleansing or transformation. The complexity of data migration tasks can influence costs.
Working with a vendor who has experience within your industry is important and will reduce your implementation costs as well as ensure a smoother and more tailored deployment. Industry-specific expertise allows the vendor to understand the unique challenges and requirements of your business, facilitating a more efficient implementation and more effective use of your resources.
Additionally, a knowledgeable vendor can provide valuable insights and best practices, optimizing the configuration of NetSuite to align seamlessly with your business objectives. Beyond cost savings, this collaboration enhances the overall success of NetSuite implementation, fostering a productive and user-friendly system that can adapt to evolving business needs.
It is crucial to establish clear communication and expectations with the chosen vendor, fostering a collaborative partnership that extends beyond the implementation phase and contributing to the long-term success of your NetSuite solution.
How to Budget for NetSuite
To create a NetSuite budget, you’ll need to determine how many user licenses you’ll need, whether you need add-on modules or customizations and who you’ll select to implement NetSuite. You’ll also need to consider ongoing subscription fees, user license fees, user training and customization and integration maintenance. Your NetSuite implementation partner can help you calculate monthly, quarterly and annual NetSuite costs so you can create a budget plan accordingly.
NetSuite Buying Tips
The following tips can help with a successful implementation that fits into your organization’s budget:
- Only buy what you need when you need it — not “nice to haves.”
- Work with a partner who understands your industry.
- Don’t buy more users than you need because you can add more users at any time.
- Leverage limited access licenses where you can.
- Work with a NetSuite implementation partner you can TRUST with experience in both NetSuite and 3rd party solutions.
Why Purchase from Luxent?
Luxent is a NetSuite solution provider. Our goal is to ensure our customers get the best value out of their NetSuite investment. We will guide you through selecting the optimal mix of editions and modules to achieve your goals and add value to your operations. As a NetSuite implementation partner, we assist you with adoption to ensure your success. Our experts are ready to implement NetSuite into your business using industry best practices.
We invest the time to understand your business so we can recommend the licenses and services to meet your objectives. We’ll also work to build a lasting relationship with you and guide you through every step, from contract negotiations through post-implementation.
Contact us today to learn more about our NetSuite implementation services.
NetSuite Pricing FAQ
For more information about NetSuite pricing, read our frequently asked questions and answers below.
NetSuite ERP is a cost-effective solution for fast growing companies seeking to streamline their business applications on a unified cloud-based platform, minimizing both complexity and vendor management. NetSuite is particularly budget-friendly for midsize to enterprise-level companies. NetSuite can serve as a cost-efficient alternative to other, potentially more expensive and less efficient software solutions. NetSuite’s SuiteSuccess solution is a good option for small businesses with limited initial capital as it provides assistance in the implementation of NetSuite.
Some NetSuite ERP SuiteSuccess packages include a sandbox. NetSuite Sandboxes can also be added to your subscription for 10% of your total modules and user pricing.
Yes, NetSuite ERP is the #1 cloud ERP solution. NetSuite operates geographically distinct data centers across North America, Europe, and Asia-Pacific.
NetSuite ERP licensing is typically based on named users rather than concurrent users. This means that each individual user who needs access to NetSuite requires a separate license. Named user licensing is common in many enterprise software systems.
Yes, NetSuite ERP follows a subscription-based pricing model. Instead of purchasing the software outright, users pay a recurring subscription fee to access and use NetSuite. The subscription-based model offers several advantages, such as predictable costs, automatic access to the latest software updates, and the ability to scale the usage up or down based on business needs. It also eliminates the need for companies to manage on-premises hardware and software installations, as NetSuite is a cloud-based solution.
NetSuite ERP releases two product updates per year that may include new features, enhancements, and fixes. Release preview accounts are available for testing new functionality and compatibility of existing customizations and integrations prior to updates being pushed into production accounts.
NetSuite ERP offers a suite of cloud applications including core financials/ERP, financial management, ecommerce and retail management, commerce marketing automation and professional services automation (PSA), that enables companies to manage many of their core business operations.
Yes, NetSuite ERP offers two options for users who only require limited access to NetSuite – 1) Employee Self-service, and 2) WMS Limited Access.