NetSuite is a cloud-based ERP system that is designed to help businesses of all sizes manage their operations more efficiently. It offers a wide range of modules, including financials, CRM, inventory management, and project management. NetSuite is a powerful tool, but it is important to understand the costs involved before you make a decision about whether or not to invest in it.
How much does NetSuite cost per year?
The annual cost of NetSuite varies depending on the size of your business and the number of modules that you need. However, you can expect to pay between $9,600 and $360,000 per year. This cost includes the software license, as well as support and maintenance.
Factors that affect the cost of NetSuite per year
There are several factors that can impact the cost of NetSuite per year for your business. These include:
- Number of users: The more users you have, the higher the cost will be. NetSuite offers different pricing options based on the number of users, so it is important to determine how many users you will need before making a decision.
- Modules needed: NetSuite offers a variety of modules to meet the needs of different businesses. The more modules you require, the higher the cost will be.
- Customization: If you require any customization or integration with other systems, this can also increase the cost of NetSuite.
- Size of your business: NetSuite offers different pricing packages for small, medium, and large businesses. The size of your business will determine which package is most suitable for you and the corresponding cost.
To get an accurate estimate of the cost of NetSuite for your business, it is best to contact a NetSuite representative who can provide you with a personalized quote based on your specific needs.
Comparison of NetSuite pricing packages
NetSuite offers three main pricing packages for businesses of different sizes: SuiteSuccess, NetSuite ERP, and NetSuite OneWorld. The table below provides an overview of the features and costs of each package.
| Package | Features | Cost |
|---|---|---|
| SuiteSuccess | Core financials, CRM, inventory management modules | Starting at $9,600 per year |
| NetSuite ERP | All core NetSuite modules | Starting at $16,000 per year |
| NetSuite OneWorld | Multi-subsidiary and multi-currency support | Starting at $24,000 per year |
How much does NetSuite cost per month?
The monthly cost of NetSuite is typically between $960 and $30,000. This cost includes the software license, as well as support and maintenance. The exact cost will depend on the factors mentioned above, such as the number of users and modules needed.
NetSuite pricing for small businesses
NetSuite offers a special pricing package for small businesses. This package includes the core financials, CRM, and inventory management modules. The cost of this package starts at $960 per month. This is a great option for small businesses that are just starting out and do not require all the features and functionality of the larger packages.
Comparison of NetSuite pricing for different user counts
NetSuite offers different pricing options based on the number of users. The table below shows the per user cost for each package based on the number of users.
| Package | 1-19 users | 20-49 users | 50+ users |
|---|---|---|---|
| SuiteSuccess | $99/user/month | $79/user/month | Contact for quote |
| NetSuite ERP | $199/user/month | $149/user/month | Contact for quote |
| NetSuite OneWorld | $299/user/month | $249/user/month | Contact for quote |
How much does NetSuite cost for small business?
As mentioned earlier, NetSuite offers a special pricing package for small businesses. This package includes the core financials, CRM, and inventory management modules and starts at $960 per month. This is a great option for small businesses that are just starting out and do not require all the features and functionality of the larger packages.
Benefits of NetSuite for small businesses
NetSuite can be a valuable tool for small businesses as it provides a comprehensive solution for managing various aspects of their operations. Some of the benefits of using NetSuite for small businesses include:
- Scalability: NetSuite can grow with your business, so you don’t have to worry about outgrowing the system.
- Efficiency: By automating processes and providing real-time data, NetSuite can help small businesses operate more efficiently.
- Cost-effective: The special pricing package for small businesses makes NetSuite an affordable option for those just starting out.
- Centralized data: With all your data in one place, it is easier to make informed decisions and improve overall business performance.
How much does NetSuite cost per user?
The per user cost of NetSuite varies depending on the type of license that you purchase. However, you can expect to pay between $96 and $499 per user per month. The exact cost will depend on the package and number of users you require.
Types of NetSuite licenses
NetSuite offers two types of licenses: Full User and Employee User. Full User licenses are for employees who need full access to all NetSuite features and functionality. Employee User licenses are for employees who only need limited access to certain features, such as time tracking or expense reporting.
Comparison of NetSuite per user cost for different licenses
The table below shows the per user cost for each type of license based on the number of users.
| License type | 1-19 users | 20-49 users | 50+ users |
|---|---|---|---|
| Full User | $99/user/month | $79/user/month | Contact for quote |
| Employee User | $10/user/month | $8/user/month | Contact for quote |
How much is NetSuite cost?
The cost of NetSuite will vary depending on the factors mentioned above, such as the size of your business, number of users, and modules needed. However, to give you a general idea, the table below shows the starting costs for each package.
| Package | Starting cost per year | Starting cost per month |
|---|---|---|
| SuiteSuccess | $9,600 | $960 |
| NetSuite ERP | $16,000 | $1,600 |
| NetSuite OneWorld | $24,000 | $2,400 |
How much does NetSuite certification cost?
NetSuite offers various certifications for individuals who want to become experts in using the system. The cost of these certifications varies depending on the level of certification and the country where the exam is taken. In the United States, the cost ranges from $250 to $500 per exam.
Benefits of NetSuite certification
Becoming certified in NetSuite can provide several benefits, including:
- Expertise: Certification demonstrates your expertise in using NetSuite, which can be valuable for job opportunities.
- Credibility: Being certified by NetSuite adds credibility to your skills and knowledge.
- Access to resources: Certified individuals have access to exclusive resources and training materials to help them stay up-to-date with the latest features and updates.
How much does NetSuite accounting cost?
NetSuite’s core financials module is included in all pricing packages, so the cost of accounting is already factored into the overall cost. However, if you require additional accounting features, such as advanced revenue management or multi-currency support, these can be added on for an additional cost.
Benefits of using NetSuite for accounting
NetSuite’s accounting module offers several benefits, including:
- Real-time data: With all your financial data in one place, you can get real-time insights into your business’s financial health.
- Automation: NetSuite automates many accounting processes, saving time and reducing the risk of errors.
- Customization: The accounting module can be customized to meet the specific needs of your business.
- Integration: NetSuite integrates with other modules, such as inventory management and CRM, to provide a comprehensive view of your business’s finances.
How much does NetSuite training cost?
NetSuite offers various training options for users, including online courses, classroom training, and virtual instructor-led training. The cost of training will depend on the type of training and the level of expertise you require. However, the average cost for a 3-day classroom training course is around $2,000 per person.
Benefits of NetSuite training
Investing in training for your employees can have several benefits, including:
- Efficiency: Properly trained employees can use NetSuite more efficiently, saving time and increasing productivity.
- Maximizing ROI: By understanding how to use NetSuite to its full potential, you can maximize the return on your investment.
- Reduced errors: Training can help reduce the risk of errors and ensure accurate data entry.
- Staying up-to-date: As NetSuite continues to evolve and release updates, training can help keep your employees up-to-date with the latest features and functionality.
How much does NetSuite typically cost?
The cost of NetSuite can vary depending on your specific business needs. However, based on the information provided above, the average cost for a small business with 10 users and the core financials, CRM, and inventory management modules would be around $12,000 per year or $1,200 per month.
How much is NetSuite analytics warehouse cost?
NetSuite’s analytics warehouse is an add-on module that provides advanced reporting and analytics capabilities. The cost of this module varies depending on the size of your business and the number of users. However, you can expect to pay between $3,000 and $10,000 per year for this add-on.
Benefits of NetSuite analytics warehouse
The analytics warehouse offers several benefits, including:
- Advanced reporting: With the ability to create custom reports and dashboards, you can get a deeper understanding of your business’s data.
- Real-time insights: The analytics warehouse updates in real-time, providing up-to-date information for decision-making.
- Data visualization: The module includes data visualization tools, making it easier to understand and analyze complex data.
- Integration: The analytics warehouse integrates with other NetSuite modules, providing a comprehensive view of your business’s data.
How much does a NetSuite implementation cost?
The cost of implementing NetSuite will depend on the complexity of your business processes and the level of customization required. On average, businesses can expect to pay between $50,000 and $250,000 for implementation services. This cost includes project management, configuration, data migration, and training.
Factors that affect NetSuite implementation cost
There are several factors that can impact the cost of implementing NetSuite for your business, including:
- Number of users: The more users you have, the higher the cost will be as each user will require training and access to the system.
- Modules needed: The more modules you require, the longer the implementation process will take, and the higher the cost will be.
- Customization: If you require any customization or integration with other systems, this can also increase the cost of implementation.
- Data migration: The complexity and amount of data to be migrated from your current system to NetSuite can also affect the cost.
How much does NetSuite cloud accounting software cost?
NetSuite’s cloud-based accounting software is included in all pricing packages, so the cost is already factored into the overall cost. However, if you require additional features or customization, this can increase the cost.
Benefits of using NetSuite cloud accounting software
Using NetSuite’s cloud-based accounting software offers several benefits, including:
- Accessibility: With cloud-based software, you can access your financial data from anywhere with an internet connection.
- Real-time data: As all data is stored in the cloud, you can get real-time insights into your business’s financial health.
- Security: NetSuite’s cloud infrastructure is highly secure, ensuring the safety of your financial data.
- Scalability: Cloud-based software can easily scale as your business grows, without the need for additional hardware or IT resources.
How much does it cost to use NetSuite?
The cost of using NetSuite will depend on the factors mentioned above, such as the size of your business, number of users, and modules needed. However, to give you a general idea, the table below shows the starting costs for each package.
| Package | Starting cost per year | Starting cost per month |
|---|---|---|
| SuiteSuccess | $9,600 | $960 |
| NetSuite ERP | $16,000 | $1,600 |
| NetSuite OneWorld | $24,000 | $2,400 |
Conclusion
In conclusion, the cost of NetSuite will vary depending on your specific business needs. It is important to carefully consider the factors mentioned above, such as the size of your business, number of users, and modules needed, before making a decision. NetSuite offers a variety of pricing options to meet the needs of businesses of all sizes, and with its comprehensive features and benefits, it can be a valuable investment for your business’s growth and success.
