Want to use NetSuite for your newly started business? No worries, we will help you select the plan that will best suit your business so it grows instantly.
NetSuite price varies from business to business. If you just started your business, the best plan will be the NetSuite Starter Edition. Specifically, NetSuite Standard Edition best serves mid-sized businesses. Whereas, Premium and Enterprise are best for large businesses.
In this guide, we will cater a detailed discussion on the cost of NetSuite for a small business.
This article will follow the below pattern:
- Pricing of NetSuite for Small Business
- Criteria of a Small Business to Use NetSuite
- Cost of NetSuite License for Small Business
- Implementation Cost of NetSuite for Small Business
- Final Cost
- Features of NetSuite for Small Business
- More/Advanced Modules
Pricing of NetSuite for Small Business
The NetSuite pricing depends on two main aspects, the first one is the licensing cost and the second is the implementation cost. With these two cost factors, we will determine the total cost for a small business that needs to use the NetSuite software.
Let us first look at the criteria of NetSuite for a small business then the two cost factors separately to calculate the total cost.
Criteria of a Small Business to Use NetSuite
The most important thing is to make sure of the number of users and the transactions when selecting the NetSuite package.
A small business is usually considered with less than 10 users and almost 2 million transactions a month. If your company fulfills this criteria then you can select the NetSuite Starter Edition.
Cost of NetSuite License for Small Business
The basic cost depends on the modules you want to use and the necessities for your business. For instance, the basic license cost is as low as $999 per month and for advanced features, it goes up to $2,499 per month.
Implementation Cost of NetSuite for Small Business
Wherever you decide to use NetSuite for your organization, you will first select the cost of the licenses according to your preference and then select the implementation cost.
The implementation cost of NetSuite for a small business ranges from $15,000 to $20,000. However, it is important to keep one thing in mind the cost can fluctuate according to the work complexity.
Final Cost
The final cost of NetSuite will come to around $12,000 discount inclusive for the license for every year whereas the service fees will be around $20,000 which is one time. You are offered about 30% to 40% discount when you select the NetSuite Starter Edition for your business.
Features of NetSuite for Small Business
When you select NetSuite for your small business, it then provides you with some features to help your business grow. These features are:
1. NetSuite’s Enterprise Resource Planning(ERP)
The ERP for a small business helps to maintain the accounting, purchasing, and keeping track of the transactions easily. It allows you to customize according to your business and even you can generate reports and manage inventory through this.
2. NetSuite’s Customer Relationship Management(CRM)
Customers are on top-most priority during business. Customer satisfaction is the most important requirement when dealing with them. Therefore, NetSuite allows you to organize tasks and communication through CRM.
CRM provides its users with marketing and salesforce automation that helps you to connect with the customer and automate the sales for a certain industry.
More/Advanced Modules
You can add the modules specified for small businesses like OneWorld that help to interact with international communities. However, some modules might not be available for small businesses and you need to upgrade the license to use these.
This ends the topic of how much NetSuite costs for a small business.
Conclusion
So now you have a good idea related to the cost of a NetSuite for a small business. If you implement NetSuite for your small business, it will cost you approximately $12,000. In this article, we dive into the details regarding the license and the implementation cost of NetSuite for a small business along with the features offered by NetSuite.
