NetSuite ERP Pricing

GH
Director at ProfitFromERP

NetSuite has developed new approaches to the market in the last few years. When people buy ERP, it's a competitive situation and the pricing is paramount. People don't want to spend a lot of money upfront on that type of thing — as if we blame them. What NetSuite has gone to, is something called the finances first approach. It says, let's come in. Let's have a small footprint in the organization. We can get a company up and running on the core financials and use it in the business office for about $50,000, which compared to a lot of ERP systems, is very low cost. 

From there, we start to stair-step the project up to increase the functionality that they're using and increase departments that are on the system. What happens is, when people start using the system, they start understanding the system. They began to learn how to roll out these other functions with their own internal people.

They learn to adopt the tool, they understand how it works. Now, you're not saying, "We need this new $30,000 module. It's going to be $100,000 in consulting hours to implement it". It's more like, "We need this $30,000 module, and we may spend $10,000 on outside consultants to help us do it ourselves". That type of thing. There are two things that happen. One, you get instant success because you've got the system up and running and people are beginning to adopt it. They like it, it's successful, it's a valuable tool. That's the first win. The second win is if you get to grow the system. Now that you're using it, you understand it. This is how it's going to be easier for these people to do their jobs. This is how we can put efficiency into our inventory area, or we can put efficiency into our supply chain group, or we can help out our field service reps with information on an iPad.

This is how we're going to do that — it helps people. Instead of this instant digital transformation, it's this continual rollout of better and better technology. When they see the results that a client likes, the service levels better, it makes a lot more sense. It's so much easier than this big, huge two-year implementation that some of these software providers come at the client with.

That's a hard decision for any company to make. "We're going to be doing this, and we're not totally sure that it's going to work for us. But what if our people don't like using it; aren't there are a lot of things that could go wrong?" Then they just sit there with paralysis by analysis. When they can sit there and say, "Okay, we can start this, this NetSuite rollout. We can get the accounting office on it. We'll be up and running in 90 days, we're going to have better reports. We're going to have better financials. We're going to have all this stuff, we're going to have all these instant wins. How do we get 10% more out of the sales this year? How do we get drive costs down next year?" You've got all of these projects that you can expand your company on moving forward. 

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Venkat Sudni - PeerSpot reviewer
Solution Architect at a manufacturing company with 51-200 employees

I rate NetSuite ERP five out of 10 for affordability. We purchase all the NetSuite products in a package that costs around $100 per user. The price is moderately expensive, and we aren't using everything we pay for. 

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GirirajInja - PeerSpot reviewer
Head of IT operations at Karma tecnology

Pricing for NetSuite ERP is okay, but it could be better.

The licensing model for NetSuite ERP is based on the number of modules and users. The standard license covers up to twenty-five users. If you have more than twenty-five users, you'll have to buy the premium license, which would double the price.

For one module with five user licenses, the cost is between $40,000 to $50,000.

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Buyer's Guide
NetSuite ERP
March 2024
Learn what your peers think about NetSuite ERP. Get advice and tips from experienced pros sharing their opinions. Updated: March 2024.
765,386 professionals have used our research since 2012.
Juan Carlos Escobar Gama - PeerSpot reviewer
Director TIC's - CMC chairman at CSS

The price is less than the cost of daily hours. The difference is very representative for us.

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SudhakarJha - PeerSpot reviewer
Senior Manager & Architect - Enterprise Solutions & CoE (Innovation & Digital Transformation) at Nsight inc

While I was a part of the discussion, I cannot recall how much the solution costs. 

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Nitin Mothilall - PeerSpot reviewer
Senior Business Analyst at a computer software company with 501-1,000 employees

It's very competitively priced due to it being a subscription model. So, clients are quite happy with the pricing. I would rate it an eight out of ten in terms of pricing.

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JH
Sr Manager Revenue and Taxation at a consultancy with 51-200 employees

It's an annual, usage-based subscription. The more users you're going to have, the more licenses you need. The pricing is very much to my liking. I was very satisfied with it. I don't have any complaints. If you have a very superior product, you're going to pay for it, but that's the trade-off.

A lot of times, you have multinationals that can work under different reporting requirements. For example, you can have a parent company in a different country that's subject to IFRS and then you can have US entities that are subject to US GAAP. They have ways of accommodating that and that will definitely cost you more money. They're called books. It's very much like what you would think of, like, a sub-ledger. So it would be where you'd make specialized transactions to integrate between two different regulatory bodies.

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Sajith Morais - PeerSpot reviewer
Consultant Enterprise Solutions - SAP Business One and Google Workspace ( G Suite) at Axleta

The cost can vary depending on the company's size, the number of users, and the service providers. It's not a fixed amount, and it depends on specific requirements and agreements with the service provider.

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YJ
Finance and Marketing Manager at a tech consulting company with 1-10 employees

It was expensive. I would rate the pricing a five out of ten.

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EH
Software Developer

NetSuite is expensive, but it is about average for an ERP solution. There are some extra costs depending on the scope of the solution, so it's not always transparent for the customers. Over the course of a project, customers may decide that they need to pay for other modules, which adds to the base price. 

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DB
Managing Consultant at Business and Technology Consulting, LLC

Licensing costs are all over the place. It really depends a lot on the business model. How many seats, what modules they're getting, and what kind of discount you can negotiate all will adjust the cost structure in different ways. 

The discounting can range, depending on what's compelling to that model. For example, I bought these two stevedoring companies and they're old companies, they're longshoremen. They've been doing longshoremen work since clipper ships. The systems tend to be old. Nobody had ever really put a stevedoring company on NetSuite before. When I went to NetSuite to negotiate for them, I was able to get okay pricing. There's a pretty broad opportunity if we get one or two of these done. NetSuite was willing to get me a very deep discount in that case. It depends on the deal. The numbers are all over the place.

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it_user616038 - PeerSpot reviewer
Chief Operating Officer at a tech services company with 1-10 employees

Order at the end of the quarter.

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JB
NetSuite SuiteScript Developer/Boomi AtomSphere Developer at a tech vendor

I would advise that you first meet with and scope out your project with a NetSuite VAR (Value Added Reseller).

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SA
Netsuite Specialist at a recreational facilities/services company with 5,001-10,000 employees

Pricing in NetSuite is cheaper, if compared with SAP. But when it comes to license costs, you really need to discuss and itemize a description around teams, departments, and who will be using this system. You then need to plan accordingly.

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it_user617409 - PeerSpot reviewer
Functional Consultant at a tech services company with 10,001+ employees

If NetSuite wants to target more small-scale / medium-scale businesses, they should reduce their pricing by around 30 - 40%.

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it_user621831 - PeerSpot reviewer
Netsuite ERP Consultant at a tech services company with 51-200 employees

I don't get involved with this sort of thing.

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ML
IT Manager at a media company with 1-10 employees

The price of the solution is quite high.

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AB
Customer Solution Executive at a tech services company with 51-200 employees

NetSuite ERP has a cost per module you want to use, and then you have the license per user.

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VV
Founder & CEO at a tech services company with 51-200 employees

It is completely on a subscription basis. We pay yearly and, and you do not have to do anything on a monthly basis. Prices depend on the organization's scale and all those things, but they are doing a good job with the pricing.

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OD
Senior Information Technology Manager at a mining and metals company with 201-500 employees

There is an annual license required to use this solution.

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RM
Partner at a financial services firm with 5,001-10,000 employees

The price is quite high if you are a smaller organization. 

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it_user617424 - PeerSpot reviewer
Consultant / Cloud CRM and ERP solution provider at a tech services company with 51-200 employees

This product is worth its price and provides value for the money.

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it_user621840 - PeerSpot reviewer
Business Analyst at a tech services company with 51-200 employees

It’s a bit expensive.

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Buyer's Guide
NetSuite ERP
March 2024
Learn what your peers think about NetSuite ERP. Get advice and tips from experienced pros sharing their opinions. Updated: March 2024.
765,386 professionals have used our research since 2012.