The Complete 2020 NETSUITE PRICING GUIDE - Syndication CloudHow Much Does Netsuite Cost?
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I'm going to show you everything you need to know to get an amazing NetSuite license contract that could save you tens of thousands of dollars.
If you want a single online resource to help you answer all your NetSuite pricing related questions, this should be the one to bookmark for future reference.
The pricing model starts with the idea of a suite.The type of suite you'll license depends on the size of your company and how you use it.
The suites are referred to as limited edition, mid-market edition and enterprise edition.
Your organization's total number of employees and named user licenses are used to calculate each edition.
The underlying code base and deployment model are the same for each edition.
As your company grows, you can simply adjust your subscription size to meet your needs.
You don't have to worry about a system migration once you've outgrown your current edition, you just adjust your pricing model.
When it comes to licensing the end users of software, there are either concurrent or named user models.
A user license is required for roles such as a controller, sales manager, director of operations, and customer service representative.
Anyone who uses the system on a regular basis will want a full user license.If you need a complete accounting of all system changes and transactions by user, you'll want to have a dedicated license for each user.
There are more than one user license for those who perform limited tasks within the system, such as time entry against a project, enter/view/track accrued PTO or initiate a purchase requisition.The term "Self-service Users" refers to the limited function users licenses.
Questions about users requiring read-only access to data are usually asked.
It's important to note that data can be exported into third party applications.
Reports can be scheduled and distributed to non-licensed users in either PDF or Word.
Since each company is unique, it's likely that you have needs beyond the standard features listed above.You can choose to license advanced modules based on your business needs.
A "Industry Suite" is a pre-packaged set of modules commonly used for specific industries, for example "NetSuite Manufacturing" would include all the advanced modules necessary for a manufacturing company.
Depending on the edition type, the cost of advanced modules and industry suites varies.
During your NetSuite subscription term, most modules can be subscribed at any time.OneWorld is the only exception.If your business has more than one legal entity that requires separate financials, inter-company transaction management and financial consolidations you'll want to license NetSuite OneWorld right from the start.The pricing of OneWorld is revealed here.
The open architecture and modular license approach of NetSuite allows companies to add and remove modules as they please.
It's important to know that modules can only be removed during the contract renewal period, so make sure you subscribe to modules only when you need them.
Need help with licensing and pricing.We can help you secure a licensing contract.
If you want a detailed description of the add-on modules, click here.Click here to find out your price for NetSuite Advanced Modules.
There are three integrated solutions for the NetSuite E- commerce software.NetSuite's E- commerce products are always used in conjunction with NetSuite, not as a stand alone solution.There is no need for a development effort to tie back to yourERP andCRM.
SuiteCommerce Site Builder is the oldest and most widely deployed NetSuite E- commerce product.The site builder has been around for over 10 years.The site builder was developed before the rise of mobile devices and is not compatible with most modern E-commerce sites.The site builder is recommended for new users who want to deploy a SuiteCommerce solution.
The technology developed to replace Site Builder, known as SuiteCommerce Standard, is a templated, SaaS based, E-commerce solution that is integrated with NetSuite.When it comes to adding unique features and customizations, SuiteCommerce Standard is intentionally limited.In return, this simplified solution offers a productized E-commerce offering, providing seamless updates like you're used to with NetSuite.SuiteCommerce Standard is a good fit for companies with a simple checkout process.Click here to find out your price for SuiteCommerce Standard.
SuiteCommerce Advanced is an enterprise grade E-commerce platform designed to enable customers to sell via multiple channels, brands, languages, and currencies with a single platform.The sky is the limit in terms of customization ability with SuiteCommerce Advanced.SuiteCommerce Advanced makes sense for companies that have more complexity within their product catalog, have high transaction volumes, and need to modify their shopping/checkout experience.Click to see the price for SuiteCommerce Advanced.
Since 2008, Open Air has been part of the product portfolio of NetSuite.
Open Air has time and expense management capabilities.
Open Air has pre-built integrations for Microsoft Project and other companies.
To get a realistic picture of what your OpenAir price might be, it's best to speak with a Open Air licensing specialist.
NetSuite SRP is a cloud-based project management software.The main differences between Open Air and SRP are listed below.
The basic offering of the suite has more features than the advanced module.
When combined, the three modules are referred to as NetSuite SRP.
The SRP is built on the SuiteCloud platform.It has a completely different look and feel than NetSuite SRP because it was part of an acquisition.
Open Air needs to integrate with NetSuite.This is one of the few products that does not reside within NetSuite.
NetSuite SRP is geared towards companies with less robust professional service automation needs and desires to run the entire business off a single platform, whereas NetSuite Open Air is designed with larger professional services organizations in mind.
The "best of breed" vs the "suite" IT strategy is what it is.In the right environment, both can be a great option.
"Oracle Small Business Suite" is a software package that they offer.
Between 2012 and 2016 NetSuite's product maturity and growth propelled them upscale and they landed some really large customers, such as GoPro, Williams-Sonoma, and Shaw Industries to name a few.
It wasn't uncommon to hear small businesses leaders state that NetSuite was becoming too expensive and that their product offering was more focused on serving large organizations.
Many small business owners were encouraged to consider cheaper alternatives such as QuickBooks or Intacct.
The perception has changed a lot due to theOracle acquisition.
From the very beginning, Oracle stated that it would be positioned and sold to organizations with less than 1,000 users.
In order to support this message, NetSuite has once again packaged its software for emerging companies that have outgrown QuickBooks with multiple starter packages that are highly attractive entry-level price points and options.
Would you like to see if you qualify for a starter package?You can get started with your pricing options by clicking here.
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When it comes to the implementation cost of NetSuite, it is more difficult to answer than the pricing related questions because each customer is a bit different.Let's get into it since you've read it so far.
Most of the projects will begin with a discovery and analysis phase.Depending on who will be conducting your NetSuite implementation, the length, depth and method will vary.
The goal with this initial phase is to allow your implementation team to become familiar with you and your business, your current business processes and tools, and identify potential gaps in the NetSuite solution.
This information is referred to as a Business Requirement Document.The BRD can be used to determine how NetSuite will be configured for your business, as well as addressing gaps and specific solutions designed to address these gaps.You can think of the BRD as a template for your project.
The discovery and analysis phase should address both the initial and future needs of the project.Give it the necessary time to maximize your investment and avoid costly surprises down the road.
50-150 hours of the project will be dedicated to gathering and documenting requirements for your project.Most partners will bill between $150 and $250 per hour.The rate depends on where the partner is based and how experienced the consultants are.The resources will be offshore and inexperienced if bill rates are lower.
You can pay now for a high quality, thorough discovery and analysis or later due to missed requirements and costly change orders.
The real work begins after the completion and acceptance of the BRD.Depending on the implementation methodology and timeline objectives you should expect 2-3 configuration sessions per week for a duration of 10 - 14 weeks followed by user acceptance testing in preparation for go-live.
The size of scope, desired go-live objectives and resource availability are some of the factors that affect the number of sessions and length.
Two-thirds of the project will be accounted for by the configuration and deployment stage.The discovery and analysis phase is the other third.If your discovery & analysis engagement took 100 hours to complete, you can expect your configuration phase to take another 200 hours, for a 300 hour NetSuite implementation.
If you're working with a limited budget or have a fairly simple scope, ask your partner if they have an implementation methodology to support a "self implementation" or "turnkey" approach to implementing NetSuite.This could save your company a lot of money.
It's necessary to automate processes and address gaps with native NetSuite.There are two options when it comes to NetSuite customizations.
Suitescripting can be used to create business logic that is tailored to a particular business need.Suitescripting can be used to write new applications.
SuiteFlow allows non-technical users to set up workflows with a point-and-click interface.No coding was involved.
Setting aside an additional 10k budget for customizations is recommended by PRO TIPI.There may be situations where GAPs need to be identified and customization is required.
In order to make it easy for customers to connect with other leading applications, the SuiteCloud platform has been heavily invested in.
There are three options customers can use to connect NetSuite with other applications.
SuiteTalk can be used to develop your own custom integration.SuiteTalk allows NetSuite to be integrated with other legacy applications and Web 2.0 tools.You can put maps, blogs, and instant messaging into your business process.SuiteTalk gives you the ability to use any programming language or platform that supports the SOAP standard in order to generate NetSuite business objects in that language.
You can use SuiteTalk with your subscription.The labor hours associated with building and maintaining the integration are the only cost.
There is no coding required to connect NetSuite with another application in a "plug and play" fashion.FarApp and Celigo are used the most in the NetSuite ecosystem.The first couple hundred dollars per month is the starting point, and goes up from there pending integration needs.
The final way to integrate NetSuite with other applications is through the Integration Platform as a Service.The most expensive iPaaS solution is also the most robust.Dell Boomi is one of the iPaaS solutions in the NetSuite space.Depending on the needs of the client, each of these solutions starts in the hundreds to thousands of dollars per month.
Most companies will spend between $25-75k on their NetSuite implementation cost once you factor in all aspects of it.
Did you know that you can get technical support for free with your license subscription?
The upgrade to NetSuite Premium Support is based on the software contract value of the customer.
If you want on-going NetSuite support, you can use your solution provider for it.
A reliable point of continuity can be found in the fact that your NetSuite partner has the most context regarding your instance, its customizations, system integrations and your business needs.
Cumula 3 Group can provide a variety of financing options.If you're looking to defer payments for a period of time or lock in a predictable monthly payment option, there's a good chance we can accommodate your request.Depending on your organizations credit history, you can finance your professional service fees too.Professional services and licenses are bundled together in a monthly payment.Do you want to see what financing options are available?What would your monthly payment look like?Click on the calculator to find out.
SuiteSuccess is a new offering in the world of NetSuite.SuiteSuccess is a productized offering as well as a NetSuite implementation methodology.There are reports, KPIs and dashboards tailored for a specific industry in the SuiteSuccess accounts.The goal is to have a company live with NetSuite in 100 days.
Whether or not you are a good fit for the SuiteSuccess license and implementation methodology can be determined by your solution provider.Given the limited runway for scope, clients that have integration needs, require 3rd party offerings or require customizations are not ideally suited for SuiteSuccess.It's great for companies with a limited go-live window.
Like other applications, NetSuite is subscription based.Many companies find 5 years to be ideal, as the subscription can be as short as 12 months.It makes sense for companies to have a longer subscription term.We will show you how to keep your subscription cost stable and predictable by working with an experienced solution provider.
For maximum price protection and predictability, we suggest a 5 year contract term with a corresponding period of time that puts limits on price increases at the time of your contract renewal.This is not normal.Cumula 3 Group can advocate for this on your behalf.
A Sandbox account is an identical copy of your production environment and is ideal for clients or consultants who wish to develop customizations.A Sandbox subscription is not a good idea for new customers that plan to deploy NetSuite in a single phase with no customizations or integrations.
In the cloud and in a multi-tenant environment, NetSuite is always deployed.This model allows you to tap into world-class software at an incredible price point and speed to deployment.Larger companies may be an ideal fit for the premium service tiers because of their need for greater control.
Tier 3, Tier 2, and Tier 1+ are the different service tiers.Customers can have their own dedicated database storage with these tiers.SuiteCloud Plus is a licensing option for customers with high transaction volumes.The number of queue for scheduled scripts, queue and threads available for CSV import jobs and concurrent threads for web services has been increased by SuiteCloud Plus.
Due upon receipt terms apply to NetSuite subscriptions.In the event of a lease, funding the full subscription in advance may be a better idea than taking advantage of pricing concessions.The subscription terms and billing arrangements are open to negotiation.For customers who want to preserve cash, Oracle Financing and other leasing companies can package NetSuite licenses and professional services into a predictable monthly payment.This has proven to be a great option for clients who need to graduate from a QuickBooks solution without a significant cash investment on the front end.On billing, NetSuite is always on the same paper.The licensing arrangement with the software vendor is still in place if you license through a NetSuite Solution Provider.
The timing of a new software contract is called PRO TIPTiming.During certain times of the year, a software purchase might be more beneficial.A NetSuite Solution Provider can help you navigate the ins and outs of timing to get you the most attractive software subscription terms and concessions, after all it's what we do for a living!
Yes and no.As a solution provider for NetSuite, we have access to a licensing matrix and price list, but these are not for general public consumption, so it would most likely overwhelm a potential buyer and create more questions than answers.
In 2020 and prior years, pricing is very similar.Customers have seen a reduction in cost.Some unique pricing packages are now available for emerging businesses that have outgrown entry level accounting packages.
The pricing for small business is referred to as "NetSuite limited edition".There are different requirements and restrictions for each program.To calculate your cost, click here.
Companies that plan to run multiple legal entities need to use NetSuite OneWorld.You have to license the OneWorld module to access the features.It's best to discuss your options with a solution provider or use the calculator to set your estimate.
To determine your total cost per use cost, you'd need to add up the entire cost of the suite, your advanced modules and user licenses and divide the total by the number of users in your environment.The cost for a single user is $99 per month.
To determine your cost per month, you need to know your suite type, necessary advanced modules, support package and user types.
Cumula 3 Group offers free trial accounts for businesses interested in learning more.Right here, you can start your free trial account.
Smaller businesses may appear to be more expensive than larger ones.You pay a premium for NetSuite from a pure cost perspective.If your business is growing and you want to scale infinitely, there isn't an alternative cloud-based vendor that can help you.You can either pay a premium for amazing software today or pay in the future for endless projects.Fast growing businesses with peace of mind know their ERP system can scale with their ambitions and provide the security they need in today's world.
When it comes to pricing within the cloud based space, NetSuite is very competitive, however it is packaged and priced to reflect it's breath of offering.
If you are still debating whether or not to use NetSuite, I would highly encourage you to speak with a 5-star solution provider to understand all your options.