Want to know how much NetSuite will cost your business?

NetSuite Solution Providers use the NetSuite pricing calculator to give you a custom quote based on your requirements. This article explains how the calculator works and what it takes into account to give you an accurate quote.

NetSuite pricing models

NetSuite has two main pricing models: Tiered Pricing and Volume Pricing. With Tiered Pricing, different price points are set for various quantities of items purchased so companies can match their spend to the size of their business. So smaller businesses don’t get hit with too much overhead.

On the other hand, Volume Pricing applies a single rate per item based on the total volume purchased. This benefits larger businesses when they buy in bulk.

Discount and usage pricing modifiers are also available to give NetSuite even more pricing options. Discounts are a percentage off the total cost, which can be substantial. Usage-based modifiers change the price based on how much service is used, so costs are flexible until invoicing occurs. These are good for businesses with variable demand as they give more control over spending.

The total monthly cost of NetSuite varies based on user charges, suite rates, additional features or modules required and the number of users accessing the system. NetSuite offers tiered pricing plans, so users can choose a plan that fits their needs.

Understanding these models and price-changing provisions allows companies to estimate their NetSuite costs accurately and make financially sensible budgeting decisions.

How to use the NetSuite Pricing Calculator

The NetSuite Pricing Calculator is key to getting a custom quote for your business. Calculating your NetSuite costs involves identifying the required modules which depends on an in-depth analysis of your business and key functionality in your workflow. Additional advanced modules can be added individually or through industry specific bundles with monthly prices ranging from €550 to €1,550*

Once you’ve selected your modules, comes the architecture phase where detailed information is gathered to create a custom proposal and confirm the scope of work. Stakeholder involvement at this stage is crucial to get buy in from all key players. The accuracy of your custom NetSuite quote depends on this deep dive process and the professionals’ expertise.

Understanding NetSuite’s pricing and its effects will help when you receive your custom quote. Working with experts can reduce the overall cost of your NetSuite investment through professional services and solutions designed for you.

Working with experts means when you use the NetSuite pricing calculator, you’ll get a detailed, accurate quote that matches your business.

Factors influencing NetSuite costs

Several factors contribute to the total cost of owning and running NetSuite ERP. The key to this is the number and type of user license required. Full system access user licenses need to be purchased for those who need full system access, and the price depends on the service tier and number of users who need them.

NetSuite costs also depend on the level of customisation required for a business’s specific needs. These customisations can add costs due to additional development work and ongoing support required. When considering integration complexity, more complex system links may require more programming effort – and therefore more cost and longer deployment times. To avoid unexpected costs during project delivery, it’s good to address these integration requirements early in the planning phase.

Ongoing system maintenance—including regular updates—and continuous changes or enhancements contribute to overall ownership costs after the go-live. The upfront costs of the initial setup process impact NetSuite’s long-term value. These costs can vary greatly, from €20,000 to €250k, depending on company size, middleware requirements and consultant expertise levels that influence the implementation approach.

Beyond these initial costs are other ongoing financial commitments: annual licensing fees based on roles and permissions within the NetSuite ERP network, additional feature subscriptions and all support options, all of which mean there are future financial responsibilities for companies deploying this platform. An assessment of these will help you make informed decisions about investments in your NetSuite operational frameworks.

NetSuite licencing options

NetSuite has various user licenses to suit different business needs. The main types of users are Full Users, Employee Self-Service users and limited users. Full user licenses are required for those who need full access to NetSuite features. They cost €90 to €180 per month per user. This tiered structure allows companies to adjust their licencing costs based on the total number of NetSuite user licenses.

For employees who need to perform specific tasks, such as submitting time off requests or expense reports, Employee Self-Service Licenses are a cost-effective option at €110 per year. These provide restricted access for staff members’ roles within the company – a good choice for companies with many employees who don’t need entire system access but need to interact with certain features.

NetSuite offers various service levels to suit different business needs. These add another layer of scalability and flexibility, so companies can choose a service level that matches their operational needs and budget. Knowing these licencing options and their costs is key to a successful implementation that maximises NetSuite and manages costs.

NetSuite editions overview

NetSuite has three main editions to suit different business needs and sizes: Starter, Mid-Market and Enterprise. The Starter Edition is for smaller businesses with fewer than 10 full-time users and one legal entity. It’s perfect for up to 50 employees and provides basic ERP capabilities – a good option for start-ups and small businesses.

The Mid-Market Edition is for companies with 10+ users who manage 2+ legal entities. This sits between the Starter and Enterprise editions – for SMEs who want more features but not the full Enterprise service at Enterprise prices.

The offerings above are the full NetSuite Enterprise Edition for large companies with many legal entities across their large user base (over 1000 users). This edition has advanced features and extensive customisation options to meet the complex business requirements of larger organisations. Companies can determine which edition fits their needs by assessing company size, needs and budget.

NetSuite implementation pricing

NetSuite implementation costs can vary greatly, typically from €9,000 to €230,000, depending on the complexity of the implementation and the number of users. There is no standard cost for NetSuite as it depends on many factors – the scope of the project and the consultant’s expertise.

The recommended hourly rate for NetSuite implementation consultants is between €175 and €275 and projects require 50 to 250 hours of work. If you want to know how much NetSuite costs, you need to consider these variables.

The project’s complexity and the consultant’s expertise have a big impact on the pricing. Working with an experienced consulting firm will help you achieve successful and cost-effective implementation and get the most out of your NetSuite investment. Consider these costs when planning your NetSuite implementation to avoid surprises and a smooth deployment.

Knowing these implementation pricing factors will help you plan and budget more effectively. Companies can manage their NetSuite implementation costs by working with experienced consultants and defining the project scope clearly for a successful deployment.

Reducing your NetSuite implementation cost

You can implement cost-effective NetSuite ERP with proper planning and strategy. Working with a consulting firm that has experience can reduce costs and increase the chances of a successful roll out. Choosing low-cost options may seem economical at first, but it can lead to an unsuccessful deployment and higher unexpected costs. Choosing a reputable and experienced consultancy is key to avoiding this.

Defining the project scope is key to avoiding costs surprises during the ERP implementation. By defining objectives, expected outcomes and timelines from the start, you will manage expenses better and align everyone with what’s expected.

Rolling out your ERP system in phases helps you better manage risks and detect problems early. This allows companies ton address issues as they arise withoutmajorving a big financial impact.

Negotiating with your provider at the end of their fiscal year can get you better pricing. Providers are more likely to offer discounts or more agreeable terms at this time, as they need to hit their sales targets. These tactics will help you reduce NetSuite implementation costs and overall execution.

NetSuite modules and their costs

NetSuite offers various modules for business functions such as financial management, inventory, order management, and e-commerce. These modules are licensed separately, so companies can expand their ERP system as needed. For more advanced functionality, specialised modules like SuiteBilling and Revenue Management are available at a monthly cost of €550 to €1,550. This allows companies to upgrade their ERP capabilities as their needs evolve.

NetSuite pricing depends on company size, modules are chosen and a the number of users. The SuiteBilling module simplifies billing by accommodating multiple pricing schemes and gives immediate visibility into financial transactions. Revenue Management automates revenue recognition processes and ensures compliance with ASC 606 and IFRS 15.

Choose the right modules wisely to maximise NetSuite and ensure it meets your business needs. A well-thought-out selection of these components is key to increased productivity and a successful NetSuite ERP solution.

Industry-specific NetSuite solutions

NetSuite has industry-specific solution bundles for finance, healthcare and retail. These industry-specific solutions add functionality and streamline operations, which can mean increased efficiency and cost savings. Buying these bundles often gets you better pricing than buying individual modules separately.

Each custom NetSuite solution has additional modules or configurations that address the specific challenges of each industry. For example a healthcare company may need compliance features and reporting tools built in. A retailer may find advanced order management and customer relationship management more useful. NetSuite’s flexibility allows it to offer many customization options to meet the unique needs of each industry.

Working with a NetSuite Solution Provider can bring significant operational improvements – a 20% increase in productivity within a year. Working with an experienced NetSuite Solution Provider can improve client satisfaction. This was seen when a retailer reported a 15% increase in customer satisfaction through faster order processing, resulting in faster product delivery times.

Investing in industry-specific solutions and forming strategic partnerships means tangible benefits across multiple industries.

Benefits of working with a NetSuite Solution Provider

A NetSuite Solution Provider offers support beyond the initial deployment, so you have an ongoing relationship. Accredited solution providers provide ongoing support, optimisations, scripting and training, which are crucial to maintaining and improving the NetSuite system post-implementation. This ongoing support helps you get the most out of your NetSuite investment and improve your business.

Working with an experienced NetSuite partner can reduce implementation costs and ensure a successful deployment. Over 60% of NetSuite implementations are done by solution providers, which is a significant role in successful deployments. These providers use their deep industry knowledge to customise NetSuite solutions to specific business challenges. This customisation can mean increased operational efficiency and alignment with business goals.

Accredited NetSuite solution providers follow best practices during implementation, which minimises risks and ensures successful project outcomes. For example, a manufacturing client saw a 20% increase in production efficiency after working with a NetSuite Solution Provider like us at Jacopo in their first year. A retail client saw a 15% increase in customer satisfaction due to faster order processing and faster delivery times. Working with accredited solution providers can also mean a 30% increase in customer trust and satisfaction.

Choosing the right software partner is key to success as it ensures smooth integration and implementation. NetSuite has over 800 partners globally, so it is a local resource for customers with diverse location needs. Working with the right NetSuite solution provider can help you increase your operational efficiency, align to your goals and achieve long-term success.

Getting a NetSuite demo

Testing a new ERP system like NetSuite through a live demo is essential to see if it’s aligned to your business goals. A demo is an excellent opportunity to ask questions and see how NetSuite addresses your business challenges. You’ll get to see how to generate reports and customise dashboards essential to properly using the system.

To start this process, fill out a form on the NetSuite website with some information about yourself and your business. Once you’ve submitted this a NetSuite representative will get in touch to understand your specific requirements and set up the demo accordingly. This bespoke approach means the demo will focus on the areas you’re interested in – modules and features.

Customised demos offer many benefits as you can experience specific features relevant to your role – financial or customer relationship management (CRM) – in a controlled environment. By working directly with the NetSuite interface during these trial sessions,, you’ll understand how deploying this ERP system could change your daily business processes.

NetSuite subscription plans

NetSuite is a subscription-based model that uses the SaaS approach. Businesses subscribe to NetSuite ERP annually but can choose yearly or multi-year agreements. This allows companies to align their expenses with financial planning and have a fixed-cost framework.

NetSuite has various licensing plans – Standard, Premium, Enterprise and Ultimate – to suit business needs and support requirements. They also have three main editions – Starter, Mid-Market and Enterprise – to cater to businesses of all sizes and complexity. For example, small companies may find the Starter Edition suitable, priced at €1,500 per month. This edition has core ERP features that are in line with NetSuite pricing across different service tiers.

NetSuite pricing is influenced by several factors: user licence cost which can range from €90 to €180 per user per month based on the level of access and additional modules or customisations required.

Businesses can choose from different subscription terms – from month to month up to multi-year, and they have negotiating power when discussing longer-term contracts which can protect them from price increases at renewal. This flexibility in subscribing means NetSuite can adapt to business needs and scale with the business.

The impact of customisation on NetSuite pricing

Customising NetSuite allows businesses to create highly tailored workflows, reports and dashboards that can make a difference in their operations. This level of customisation takes longer to implement and costs more as advanced features require more development work and ongoing support. Because of the technical work involved, costs associated with NetSuite can increase when you bring in external applications or build custom features.

Organisations need to balance standard features and customisations to manage NetSuite costs without compromising on performance. While customisations can address industry-specific needs, they must be considered strategically in terms of cost and alignment with business objectives. Custom scripts are useful for automating complex business processes, which increases productivity and reduces errors.

NetSuite is designed to be flexible and scalable so businesses can adapt their ERP system to their needs. Customised dashboards and analytical tools give businesses data-driven insights to optimise decision-making and information usage. Understanding how customisation affects NetSuite pricing gives businesses the knowledge to plan their budget and make informed decisions about their business systems.

NetSuite sandbox environment

The NetSuite Sandbox is a safe environment to test changes and updates so your live system is unaffected. Your actual account configuration and data is mirrored so you can test changes thoroughly to ensure they won’t impact business as usual. This is especially useful when you’re about to introduce new customisations or integrations into production.

While having a NetSuite Sandbox incurs an extra cost, many find the benefits of having a separate environment for development and testing worth it. Standard sandboxes for basic testing are available, and premium options are available for those who need more performance.

Using this isolated testing environment allows businesses to have a robust system while testing changes thoroughly before implementing them in production.

NetSuite for small businesses

The NetSuite Starter Edition is designed for small businesses operating in one country and up to 50 users. It has the core ERP features at an affordable price and is suitable for start-ups and small businesses that want to centralise their critical business operations in one cloud-based system. Its flexible applications include order management, allowing small businesses to combine multiple functions to get up and running quickly.

NetSuite stands out as a budget-friendly solution for cost-conscious small businesses.

They can engage Business Process Outsourcing (BPO) providers who use NetSuite user licenses for accounting only. This way, they only pay for the number of NetSuite users and assets they need during their growth phase. The advantage of automatic software updates from NetSuite also reduces the need for IT maintenance as businesses always have access to the latest NetSuite software. Many of these businesses also leverage NetSuite consultants, especially when they want to fine-tune processes using tools like NetSuite’s warehouse management system.

By unifying multiple business functions into one platform through effective integration practices, NetSuite significantly enhances data access across organisations’ departments, supporting information management under one comprehensive system. Small businesses can, hence, ensure continuity even within tightly controlled industries due to NetSuite’s compliance support with regulatory standards. Utilizing resources made available by this platform empowers growing companies to meet market demands and potentially exceed them, fostering brand evolution alongside organizational expansion.

Jacopo can quote you with a NetSuite pricing calculator

Regardless of size, businesses need to understand NetSuite pricing and licensing. This guide has covered the basics to the detailed implementation fees and license options. Companies can get the most out of their NetSuite investment by using the NetSuite Pricing Calculator and talking to experienced solution providers. Given its flexibility, scalability, and affordability, NetSuite is a great ERP solution that can improve processes and grow in the long term.

Frequently Asked Questions

What is the price level in NetSuite?

NetSuite’s price level allows you to set up different pricing for one item for various types of customers or scenarios. You can set up separate prices like Employee Prices or Corporate Discount Prices.

What are the main pricing models for NetSuite?

NetSuite’s pricing models are Tiered Pricing, which varies the rate based on the number of items, and Volume Pricing, which charges a flat rate for all items based on the total quantity.

This will help you choose the right model for your business.

How can I reduce my NetSuite implementation costs?

To reduce your NetSuite implementation costs, engage a seasoned consulting firm, define your project scope clearly and consider a phased rollout.

Also align your purchase with the provider’s fiscal year end to get better pricing.

How does the NetSuite Sandbox environment work?

The NetSuite Sandbox allows you to test and modify without affecting your live account as it mirrors your current setup and data.

Keep in mind that using the Sandbox incurs an additional cost.

*I’ve quoted in Euros, but we also service clients in the USA, UK, EEA, ANZ and Asia.