Guide To Netsuite Pricing: What Customers Actually Pay?

NetSuite is a powerful cloud-based enterprise resource planning (ERP) software that helps businesses automate their day-to-day tech operations. But their pricing plans are a little tricky to understand, and before you contact their sales, you’ll need to have an idea of how much you can expect to pay. In this blog post, we've gathered insights from various customers through our research who have shared their experiences to give you a better idea of Netsuite’s pricing

NetSuite's pricing ranges from $30,000 annually to hundreds of thousands, depending on required modules. Some customers pay nearly $200,000 annually, while others pay $35,000 plus $5,000 for seat licenses. Implementation costs vary, with one company spending $125,000 initially and $60,000 annually. Smaller businesses might pay $120,000 per year or $1,500 per month for 10 users, plus implementation fees.

Tips for Negotiating NetSuite Pricing:

—Conduct a thorough needs assessment

Before engaging with NetSuite, evaluate your business requirements and identify which features and modules are essential, nice-to-have, and not necessary. 

— Don't forget about future costs

When negotiating with NetSuite, it's crucial to consider your company's growth plans and factor in potential future costs, such as adding more users or modules.

— Have a solid procurement process in place

To secure the best possible deal on NetSuite, you should have a well-defined procurement process in place, including RFPs (Request for Proposals). At Spendflo, our team of experts leverages their knowledge of the ERP market and vendor intelligence to help you evaluate multiple vendors, negotiate favorable terms, and ultimately get the best deals.

See how much you can save on Netsuite

NetSuite Pricing Plans

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NetSuite's pricing structure is based on the concept of a suite designed for different-sized companies and users.

1. NetSuite Limited Edition: Ideal for small businesses with a single legal entity, no more than 10 user licenses, and fewer than 50 employees. Starts at around $1,000 per month.

2. NetSuite Mid Market Edition: Suitable for companies requiring more than 10 named users and/or have two or more legal entities needing consolidated financial reporting across multiple currencies. Starts at around $2,500 per month.

3. NetSuite Modules: Add-on advanced modules that can be licensed à la carte or bundled as an industry suite, with costs varying based on functionality and addition type.

NetSuite Alternatives:

Some notable NetSuite competitors include:

1. SAP Business ByDesign: A cloud-based ERP solution designed for mid-market companies.

2. Microsoft Dynamics 365: A comprehensive business management solution that includes ERP, CRM, and other applications.

3. Sage Intacct: A cloud-based financial management and accounting software for small to mid-sized businesses.

4. Oracle ERP Cloud: A comprehensive, integrated suite of applications for managing all aspects of your business.

How Spendflo Can Help You Get Better Deals on NetSuite

Netsuite ERP pricing can be challenging, particularly when dealing with platforms that offer a wide range of features and pricing options. Spendflo’s team of software procurement experts has extensive experience negotiating deals with NetSuite and its competitors, and can help you secure the best possible pricing and terms for your organization.

To learn more about how Spendflo can help you optimize your NetSuite investment, schedule a free consultation with one of our software procurement experts today.

Frequently Asked Questions (FAQs) About NetSuite

1. What is the cost of NetSuite?

NetSuite's pricing starts at around $1,000 per month for the Limited Edition, designed for small businesses. The Midmarket Edition starts at approximately $2,500 per month. Additional modules, user licenses, and customizations can increase the overall cost.

2. What are the pros of using NetSuite?

NetSuite offers a comprehensive, cloud-based ERP solution that can automate business processes, provide real-time visibility, and scale with your company's growth. It also offers industry-specific functionality and a wide range of integrations.

3. What are the cons of using NetSuite?

The pricing for NetSuite can be steep for smaller businesses or those with limited ERP needs. Some users may also find the system complex and require significant training to fully utilize its features.

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