Best in Class
NetSuite is a cloud-based business management suite that unifies Enterprise Resource Planning (ERP), Financials, Customer Relationship Management (CRM) and eCommerce. Its best-in-class cloud solution provides cloud financials, CRM, ERP, HCM, ecommerce and professional services automation management for business in different industries like Retail, Manufacturing, and Software-as-a-Service, to name a few. NetSuite is trusted by over 18,000 businesses.
Champion in Scalability
NetSuite Global Cloud ERP provides a scalable solution for small, medium, and global businesses. The scalability allows businesses with limited budget to leverage NetSuite’s functionalities. Functions include complete financial management including invoicing and revenue recognition management that helps businesses accelerate their financial processes with real-time multi-currency consolidation and real-time roll-up across orders, account receivable, accounts payable, payroll, inventory, billing, invoicing, and order fulfillment.
Oracle NetSuite Enterprise Resource Planning (ERP) has a broad range of features and functionalities that streamlines business processes and increases efficiency that helps reduce human-error and cost. NetSuite Built-In Business Intelligence provides businesses with clear reporting, visual analytics and accurate insights for a better overview of the business landscape. NetSuite is designed for scalability to support growth. Businesses can add specific NetSuite functionalities depending on business requirements and current demand.
List of Functionalities
- Financial Management
- Financial Planning
- Order Management
- Production Management
- Supply Chain Management
- Warehouse and Fulfillment
List of Supported Industries
- Retail: In-Store & eCommerce
- Professional & Field Services
- Software, SaaS & Tech
- Construction & Property Development
- Food and Beverage
- Transportation and Logistics
All Business Sizes
NetSuite is for businesses of all sizes from startups, small, medium, and enterprise businesses
NetSuite is used by business from multiple industries from retail, manufacturing and many more.
Every User Role
NetSuite has solutions for every role from CEO, CFO, and CIO to Financial Controllers, Accounting & Warehouse Staff, etc.
Migrate with ease from a number of other on-premise and cloud-based ERP and Financial/Accounting Systems, such as Quickbooks, Sage, and Microsoft Dynamics GP.
NetSuite ERP: Pricing Model
Main Pricing Components
NetSuite is priced based on a subscription licensing model that is prepaid annually, and is comprised of three main components:
- The Suite, based upon your company size
- The Add-On Advanced Modules, based upon your business processes
- The Users, based upon the number of employees that need user access
NetSuite pricing is also impacted by other cost factors such as add-on features: NetSuite Sandbox, Premium Support, etc.
1. The SuiteNetSuite is categorized into ‘editions’ based on the number of user license(s) needed:
- NetSuite Limited Edition: For small businesses with less than 10 required named user licenses
- NetSuite Mid-Market Edition: For mid-size businesses with more than 10 required named user licenses
- NetSuite Enterprise Edition: For large user licenses requirement (> 1,000 named users)
2. The Add-On Advanced ModulesNetSuite modules are function or industry-specific business process configurations. These add-on modules can be licensed through ala carte (pick and choose) or through industry-based packages (e.g. NetSuite Manufacturing, Retailer, Software, Wholesale Distributor Edition, etc.).
Below are some of the most common add-on modules:
- Advanced Financials
- Budgeting & Planning
- Fixed Assets
- Advanced Manufacturing
- Advanced Revenue Recognition
- WIP & Routing
- Work Orders & Assemblies
- Warehouse Management (WMS)
- Quality Module
3. The UsersA full NetSuite user license (named user – not concurrent) has a cost per month, prepaid annually. There are also other user types with limited functionality that cost less however if you intend to transact or interact comprehensively with NetSuite you will be required to have a full user license.
Excelym can help you navigate and guide your company in determining the best solution for your business needs.
NetSuite ERP: How to buy a NetSuite License
1. Create your package
A consultant will help you identify the suitable NetSuite product according to your business requirements. This includes the product edition, the necessary advanced add-on modules, and the number of named users.
2. Set your contract length
NetSuite’s starting/minimum subscription plan is only one year but is typically bought, as popularly considered ideal for most companies, at a five-year license plan. This is because discounts increase and financing options become available the longer the contract duration.
3. Sign your service license agreement and complete payment
Having agreed on the costs estimate for your initial NetSuite product package and contract length, the next step is to sign your service license agreement. Soon after signing your service license agreement, your NetSuite account will be provisioned and thus commences the process for the implementation.
4. Be ready to implement
The last, and considerably, the most critical stage is to implement NetSuite and there are many ways to do it. You can choose to have a full-service NetSuite implementation, either directly through Oracle NetSuite or from a third party vendor or NetSuite Solutions Provider, or do Self-Implementation and assisted by a NetSuite advisor/ implementor. Most go for a NetSuite Solutions Provider, like Excelym, as it offers better project management and other value added services.
5. Take advantage of financing options
Excelym can assist in spreading NetSuite Cost through competitive financing options from Oracle.
Explore the #1 cloud business management software suite.
With more than 18,000 customers running NetSuite across more than 200 countries and dependent territories, some of the world’s best-known brands trust their businesses to NetSuite and take their financial and operational processes to the cloud.