A Brief Guide to NetSuite Pricing: What Does It Cost?

Running a business is complicated.

You need to manage everything from tracking finances and inventory to keeping customers satisfied. Wouldn’t it be nice if there was a way to have it all in one place?

Enter NetSuite!

This all-in-one platform is a perfect solution for companies to stay organized and keep their data safe and backed up. In this guide, we’ll get a general understanding of NetSuite before diving into NetSuite pricing.

Keep reading to learn more!

What Is NetSuite?

NetSuite is a cloud-based software program that allows companies to manage all key business processes in a single system. It’s fairly simple to set up and because it’s all set up online there’s no need to download anything or worry about backing up data.

NetSuite is used for:

  • Enterprise resource planning (ERP)
  • Managing finances
  • Customer relationship management (CRM)

With over 18,000 customers in over 200 countries, it’s safe to say that NetSuite is widely accepted as an industry standard.

NetSuite Pricing

This is where things get complicated. Because NetSuite has so many intricate features and depending on license types the price of NetSuite can vary based on these factors.

Suites

NetSuite offers suites such as Limited Edition, Mid-Market Edition, and Enterprise Edition. They vary by how many users will be on and how many licenses are needed. Everything else is pretty much identical. 

Modules

Depending on your specific business type, you may find it useful to licenses additional modules. They can be purchased individually or as a bundle as part of the Industry Suite. 

Modules fall into these categories:

  • Financial management
  • Inventory and manufacturing management
  • NetSuite services resource planning
  • Human capital management
  • Ecommerce and retail management

Within each category there are 2-7 modules that may be incredibly beneficial to your business.

eCommerce

NetSuite offers software to help build, run, and manage the eCommerce side of your business. Price varies based on transaction volumes and customer experience.

OpenAir or SRP

OpenAir is NetSuite’s Professional Service Automation that does accounting and project management as well as time and expense management. Needless to say, it’s quite a powerful program.

OpenAir can integrate with Salesforce and Microsoft Project and is incredibly customizable so the price will vary greatly depending on what you need.

SRP is another project management software that offers a more complex project management component. Like OpenAir, because of its customizable features, prices will vary.

Additional Pricing Considerations

In addition to the ones listed above, there are other factors that will adjust the price of NetSuite:

  • Small business vs large business
  • Integration cost
  • Per-user cost
  • Support cost
  • Subscription length
  • SandBox
  • SuiteSuccess
  • Dedicated service tiers

It just goes to show how truly customizable and intelligent NetSuite is. The price will vary drastically by what suites, modules, and addons are chosen as well as by the size of the business using it.

Get Organized Today

Now that you know a little bit more about NetSuite pricing, why not keep learning? It’s such an intricate program with a great deal of power that you’ll always have something new to learn.

For more helpful advice about keeping your business organized, visit the rest of our site today.