We’ve finally reached the day where technology has taken over the business world. Indeed, the most successful small businesses are the ones that use the right technology to enhance their best practices, gain valuable insights, and streamline (or automate) business processes.
Enterprise resource planning (ERP) isn’t new, but more companies than ever have realized its necessity. Oracle Netsuite is the foremost ERP software on the market, and that’s no exaggeration. Indeed, over 60 percent of tech IPOs since 2011 have been Netsuite customers. Furthermore, Netsuite ERP powers six of the stock market’s top seven performing tech companies. So, how much of a dent will Netsuite put in your business account? We’ll discuss that and more in this brief article.
There are various Netsuite pricing models.
When you tell people about all the amazing things Netsuite can do, their initial reaction is often, “How much is Netsuite?” Truthfully, the answer to that question depends mostly on your business. We’re not beating around the bush, but Netsuite pricing depends on several factors, including what Netsuite license you purchase, what modules you purchase, and more. Indeed, Netsuite has pricing models that are fit for small businesses and startups as well as enterprise-level companies.
You can add modules and user licenses as you need.
One of the best things about Netsuite is its scalability. Growing small businesses understand the importance of scalability, as they often need to add tools and functions to improve or expand business processes on the fly. The good news is Netsuite enables companies to purchase modules as their teams and business needs grow. Of course, Netsuite’s costs increase with each module or edition you add to your ERP system. All Netsuite editions come with powerful ERP and customer relationship management (CRM) modules, ensuring you have a powerful foundation from which to grow your business software infrastructure.
Netsuite has modules for specific industries.
One of the great things about Netsuite is it’s good for businesses of all sizes. Some of the Netsuite editions you can purchase are professional services automation, supply chain management, and order management. Furthermore, all Netsuite editions have advanced modules for specific industries and Netsuite ERP and CRM.
Consider what level of support you’ll need from your Netsuite partner.
Aside from your Netsuite subscription and any additional modules you may need, you also have to consider the cost of Netsuite implementation. The Netsuite implementation process includes discovery and analysis, ERP system integration, and training for new users, and some Netsuite partners also offer continued tech support as part of the implementation. Not all Netsuite partners offer the same level of support, so it’s critical to do your due diligence when choosing a vendor.
Enterprise resource planning is essential to growing your small business. One of the best things about Netsuite is its scalability, which provides flexible pricing for Netsuite licenses and enables smaller companies to add editions and modules as they need. When you consider the cost of Netsuite, you must also consider Netsuite implementation and what level of tech support your company will need in the future. Furthermore, Netsuite has many editions and modules for specific industries, including advanced features for enterprise-level companies, making it great for companies of all sizes.
Ultimately, there’s no definitive answer to how much Netsuite will cost your company. That’s why it’s a good idea to do your due diligence to find the right Netsuite partner, enabling you to get the right tools at the best price. Talk to several Netsuite consultants to learn what ERP solutions your company needs to enhance its best practices and what you can expect to pay for your Netsuite software, implementation, and tech support. Maybe, instead of asking how much Netsuite costs, you should ask yourself how much you want to grow your business.
