Oracle NetSuite ERP Pricing – An Overview
NetSuite offers cloud-based ERP solutions that are tailor-made for small and medium-sized businesses. It caters to various business verticals, including accounting and financial management, inventory management, customer relationship management, project management, human resource management, and others. You can also opt for integrations and customisations. However, modules, contract length, add-ons, and the number of users can substantially vary Oracle NetSuite pricing.
How To Determine The Oracle NetSuite ERP Pricing For Your Business?
How much does Oracle NetSuite cost – it is one of the first questions that comes to mind while looking for NetSuite ERP solutions. As a small or mid-sized business, it is vital to know the NetSuite License pricing to allocate adequate funds in the budget. However, there is no straightforward answer. NetSuite pricing in the UK cannot be generalised since it depends on an array of factors. Oracle NetSuite is highly customisable; therefore, depending on your company’s requirements, that price will vary. However, the standard and identifiable factors that impact the Oracle NetSuite pricing are listed below.
The NetSuite small business pricing is based on factors such as:
- The number of NetSuite user licenses you need
- The size of your company
- NetSuite add-on modules you need
- NetSuite customisations required
- The scope of NetSuite implementation
- Ongoing training & support
This article gives a detailed breakdown of all cost components of Oracle NetSuite pricing in the UK.
How Does Netsuite Pricing Work?
If you want to determine the Oracle NetSuite Pricing, the first step is to identify which NetSuite edition your business needs. The initial pricing will comprise four parts- NetSuite Edition, NetSuite Service Tier, Per User Cost and License pricing.
Netsuite Edition Pricing
When selecting NetSuite, you must understand the size of the business and the number of users will substantially impact the pricing. There are four editions based on the number of user licenses available.
| Name of Edition | Number of Employees or Licenses | Best Suited for |
| NetSuite Starter/Limited Editions | Up to 10 user licenses | Small businesses with one legal entity and up to 50 employees |
| NetSuite Standard/Mid-Market Editions | 11 to 1,000 employees | Businesses with two or more legal entities |
| NetSuite Premium Edition | Unlimited licenses | Medium to large companies |
| NetSuite Enterprise Editions | More than 1,000 NetSuite user licenses | Large companies with multiple legal entities |
NetSuite Service Tier
NetSuite Service Tier refers to the different levels of services offered by NetSuite. These license types are designed to prevent unnecessary expenses and resource allocation by ensuring you only pay for the functionalities you need. This cost-saving approach helps optimise your budget and resource utilisation. The four service levels of the NetSuite service tier are:
- Standard
- Premium
- Enterprise
- Ultimate
The service tiers include:
| Service Tier | Users | File Storage (GB) | Monthly Transaction Lines |
| Premium | 1,000 | 1,000 | 2,000,000 |
| Enterprise | 2,000 | 2,000 | 10,000,000 |
| Ultimate | 4,000 | 4,000 | 50,000,000 |
Each Service Tier has a maximum number of users, file storage, and monthly transaction lines.
You May Also Like to Read: SAP Business One Cost in UK
What is the NetSuite price per user?
There is a monthly user fee for NetSuite. However, this calculation does not consider the base platform cost, the period of the chosen license, additional modules, and any customisations. The NetSuite price per user varies for each business and goes beyond simply multiplying the number of users by the per-user fee.
Netsuite License Pricing
Each employee has a different access requirement within an organisation.
While determining the NetSuite license pricing, it is vital to determine the required accesses. NetSuite offers two types of licenses based on the Edition levels, which are determined by the number of full user licenses needed.
Full User License: A full user license is necessary for employees who require regular access to NetSuite. The system provides pre-configured access settings known as roles, encompassing standard roles like an accountant, sales representative, administrator, and custom roles. Any employee assigned these roles will require a full user license.
Employee Center License: These users have limited capabilities and are restricted to performing specific actions. These actions typically include tracking project time, viewing or entering paid time off (PTO), and adjusting expense reports.
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Netsuite Model Pricing:
There are five industry-specific NetSuite models, each containing special capabilities.
Netsuite Financial Management Modules
NetSuite’s financial management modules offer comprehensive accounting and financial functionalities, empowering you with real-time visibility into your company’s financial performance.
The 10 capabilities of the financial management module are:
- NetSuite Advanced Financials
- NetSuite SuiteBilling
- NetSuite Revenue Management
- NetSuite Planning & Budgeting
- NetSuite Multi-Book Accounting
- NetSuite OneWorld
- NetSuite Dunning Letters
- NetSuite Fixed Assets Management
- NetSuite Electronic Bank Payments
- NetSuite Contract Renewals
Netsuite Inventory and Order Management Modules:
Inventory management is a vital function in wholesale and retail businesses. NetSuite’s inventory and order management modules enhance customer experience through end-to-end automation of the ordering process.
Inventory and order management modules include:
- NetSuite Advanced Inventory Management
- NetSuite Advanced Order Management
- Grid Order Management
Netsuite Commerce Modules
NetSuite’s commerce modules are a game changer for retailers. It can be used in all forms of retail, from e-commerce to omnichannel retail networks.
The 4 components of NetSuite’s commerce modules are:
- NetSuite SuiteCommerce
- NetSuite SuiteCommerce Advanced
- NetSuite SuiteCommerce InStore
- NetSuite SuiteCommerce MyAccount
Netsuite Professional Services Automation (PSA) Modules:
Project-based companies can also leverage the benefits of NetSuite through its PSA module. Companies can optimise employee resources, billable hours, and profitability. You can also opt for NetSuite’s additional PSA module if you need a more robust solution.
NetSuite’s PSA modules include the following:
- NetSuite SuiteProjects
- NetSuite Project Management
- NetSuite OpenAir
Netsuite Supply Chain Modules
NetSuite’s supply chain modules help streamline supply chain processes and logistics. It helps in optimising resource utilisation and cost-cutting. These tools are invaluable for running a smooth operation and consistently improving profit margins.
There are seven functionalities in the NetSuite’s supply chain module:
- NetSuite Procurement
- NetSuite Warehouse Management System
- NetSuite Demand Planning
- NetSuite Quality Management
- NetSuite Work in Process (WIP) and Routings
- NetSuite Work Orders and Assemblies
- NetSuite Advanced Manufacturing
Netsuite Implementation Cost
Suppose you are opting for general implementation without customisation, data transfer, etc., per the general thumb rule. In that case, the NetSuite implementation cost will be 2 to 3x the annual NetSuite license fee. There are five reasons justifying this price range:
- The scope of the discovery and research phase
- Customisations
- Development work
- Integrations
- Training the staff
Phase-wise NetSuite implementation costs are as follows:
| Implementation Phase | Hours | Total Price |
| Discovery & Research | 50-150 | $7,500-37,500 |
| Setup & Deployment | 100-300 | $15,000-75,000 |
| Customizations | Varies | $0-10,000 | Integrations | Varies | $0-10,000 setup fee, $0-$5,000 annually |
Set-Up & Deployment:
The most time-consuming phase of all is the set-up and deployment stage. It takes up about 60% of the total project time. During this phase, the provider will perform the configuration, construction, and customisation of your NetSuite set-up according to your specific requirements.
In addition, they will also conduct comprehensive user acceptance testing to ensure the seamless functionality of all aspects essential for running your business. The duration and cost of the set-up and deployment phase vary depending on the scope of your implementation. If no customisations or integrations are needed, and everything progresses as planned, the process will be expedited.
The Cost Of Netsuite Customisations & Custom Development
You will need NetSuite customisations and integrations if you want more functionalities. How do you determine that you will need customisations?
Automation: While NetSuite offers built-in automation capabilities for specific tasks, some automation workflows may require custom development work.
Industry-Specific Functionalities: NetSuite caters to various industries, but it may only be tailored to some specific industry requirements. Depending on your industry, customised configurations may be necessary for a seamless NetSuite implementation.
Reporting & Dashboards: As companies are becoming data-driven, many NetSuite users prefer customised reports and dashboards. It becomes even more necessary when reporting entails complex calculations or the need to store data within the system that cannot be achieved through NetSuite’s standard configuration.
Integrations with Other Systems: You will need custom development work if your NetSuite implementation requires integration with other platforms. This will be necessary to establish connections and data flow between systems.
Since NetSuite is highly expandable, there are endless customisation possibilities. There are two primary types of NetSuite customisations:
1. SuiteFlow (Workflows): SuiteFlow does not require a code and works as a point-and-click solution. It is ideal for non-technical users or companies that do not have an in-house development team well-versed in building NetSuite customisations. This can also help you save NetSuite implementation costs since you do not have to pay a custom development work fee.
2. SuiteScript: SuiteScript is more advanced, as it is built on JavaScript. You will need experienced developers to create and customise it per your needs. SuiteScript is NetSuite’s platform that allows complete customisation and automation of business processes.
The Cost Of Netsuite Connectors & Integrations
NetSuite connectors do not require custom coding. Hence setting it up is easy and can be done with the click of a button. These connectors help the organisation improve order management, accounting and inventory management. NetSuite can host and bring all eCommerce data and point-of-sale systems under one centralised platform. There can be an initial set-up charge, along with the cost of NetSuite connectors, that will range from a few hundred dollars per month to a few thousand dollars per month.
Netsuite connectors are available for:
- Walmart
- Amazon Fulfillment
- ShipStation
- WooCommerce
- Shopify POS
- Amazon
- eBay
Most businesses use other software besides NetSuite. NetSuite integrations ensure the flow of data between both platforms. Most NetSuite solution providers also built custom integrations in addition to existing integrations. The integrations are costlier than the NetSuite connectors. The one-time implementation fee is between $1,500-$10,000, while individual integrations are priced between $2,500-$5,000+ annually.
You can integrate NetSuite with these platforms to gather data:
- Salesforce
- ShipStation
- Hubspot
- Shopify
- Amazon
NetSuite Pricing: Conclusion
This article provides a complete overview of the NetSuite ERP pricing in 2023. But how do you determine how much it will cost you? One of the main parameters of successful NetSuite implementation is the choice of implementation partners. As a small business with a bootstrapped budget, every fund should be well-spent. Licensed NetSuite partners, like Silver Touch Technologies, can help you make the most of your money. Contact the NetSuite experts to get a quote and start your NetSuite journey with the best in business.
