Table of Contents
- 1 Comprehending ORACLE NetSuite Pricing and Licensing
- 2 NetSuite Editions: Get the Right Fit for Your Business
- 3 What Is NetSuite Pricing Management?
- 4 What are NetSuite License types?
- 5 NetSuite License Cost
- 6 NetSuite License Pricing model
- 7 Why inoday for NetSuite Licensing?
- 8 FAQs
Summary: This write-up talks about the structure and modules of NetSuite Pricing and NetSuite License. Businesses can go through it to better understand NetSuite Licensing, the way it can fit best to their business, and from where they can avail of NetSuite Licensing for their business operations and users.
Oracle NetSuite is powerful, well-orchestrated Cloud-based ERP system with various modules. These may include
- Finance and Accounting
All these modules are hosted it on a centralized database.
For the most part, this software or platform is licensed to customers worldwide via a SaaS-based licensing and distribution model. If you want to deploy Oracle NetSuite for your business or get a NetSuite License, then the entire deployment, testing, and customization-related activities are performed via Cloud.
Here, customers pay license fees, and initiate the implementation of the required modules on the Oracle NetSuite platform as per their business requirements by connecting with a certified NetSuite Channel Partner.
As we know that every company come with its distinct needs, businesses may require additional functionalities beyond the standard NetSuite CRM and ERP features. Hence, to help meet these and other specific needs, NetSuite offers several optional advanced modules.
For the most part, you can license these NetSuite modules individually or bundle together into an Industry Suite—a pre-packaged selection of modules designed for specific industries.
Interestingly, NetSuite’s open architecture and modular license approach allows businesses to add or remove modules as their requirements evolve. However, business leaders can remove modules during the contract renewal period. Hence, experts suggest preventing over-licensing and subscribing to modules only when they are necessary.
- Fixed Assets
- Advanced Financials
- Advanced Revenue Management
- Multibook Accounting
- Planning and Budgeting
- Project Management
- Resource Allocation
- Job Costing
- Advanced Inventory
- Advanced Procurement
- Work Orders & Assemblies
- Manufacturing WIP & Routing
- Advanced Manufacturing
- Demand Planning
- Premier Payroll Service
- SuiteCommerce Standard
- SuiteCommerce Advanced
- SuiteCommerce InStore
- Advanced Order Management
NetSuite pricing management enables businesses to centrally manage, control, and update pricing to optimize business profits. Moreover, with a single, integrated system to define and maintain multiple pricing strategies, business administrators can manage pricing for all customers in one place. For the most part, NetSuite’s promotion engine allows thriving merchants to optimize business benefits and create customer loyalty with tailor-made promotional offers.
Furthermore, you can create and provide special offers to motivate your customers for new product purchases. Also, promotions assist in selling slow-moving stock, increasing sales, and rewarding valuable customers.
By all means, Business leaders can establish multiple pricing levels and customer- and currency-specific pricing. Lastly, this helps ensure your customers are charged the correct amount for NetSuite License types.
Demonstrably, NetSuite comes with several types of licenses. These are customized to help the businesses meet their specific needs of businesses of different sizes, and industries.
In the book, each license type renders a cost-effective solution for thriving businesses to take advantage of NetSuite’s power-packed functionality without paying for the extensive features they don’t need.
It grants access to all NetSuite functionality, including customizations, to users who need full access to the system.
Its access is limited and ideal for employees who don’t require full access.
Here, one can avail of core NetSuite functionality at a reduced price. This fits best and perfect for small businesses or departments.
It delivers access to customer service and support functions for users who interact with customers.
It delivers named user licensing for businesses that require more customization options. These may cover advanced inventory management, and demand planning.
Undeniably, NetSuite licensing cost varies with the type and number of users, the features needed, and the length of the contract. In this case, it is recommended to connect to a certified NetSuite Consultant directly for a specific quote based on your business requirements.
Factors affecting the NetSuite licensing cost are based on the following:
- The number of users having access to software
- NetSuite customizations and Additional modules
- In case of assistance required for NetSuite implementation or setting up software, you will need to pay.
- Technical support
In general, customers pay an annual license fee to use NetSuite and select from multiple subscription plans. They can also add additional applications and services to meet their business needs.
In this NetSuite License and Pricing Model, customers pay a recurring fee to access NetSuite. In particular, it is based on a fixed-term contract and includes access to NetSuite products and services.
Here, you pay for the specific NetSuite products and services your business as and when requires. In this case, if you need flexibility and want to avoid long-term commitments, this pricing model will fit you the best.
Notably, this pricing model needs customers to pay a one-time fee for the right or complete access to use NetSuite for an undefined period.
Certainly, this license covers the cost of the user’s access to the system.
At inoday, an official, globally renowned, and #1 ORACLE NetSuite Channel Partner, you can connect to our team of experts. Needless to say, our certified NetSuite Consultants hold deep knowledge of NetSuite ERP Solutions. For the most part, they make sure that your NetSuite licensing needs are taken care. Lastly, they offer flexible options for scaling up simplifying adjusting your license based on evolving business needs.
Additionally, we offer NetSuite support services to ascertain that your NetSuite license is always up to date and you grow with our 24×7 customer service. Most importantly, our team is all and present to solve your queries the moment you raise it and will help you get the best value for your NetSuite licensing needs.
How much is NetSuite license per month?
As the digital landscape expands and evolves, businesses need a robust, unified and integrated platform to lead the competitive edge. NetSuite License depends on the type of tool implemented, number of users, and the industry type.
What is NetSuite license?
You can subscribe to NetSuite for an annual license fee. It has a one-time implementation fee for the initial set-up and made up of three main components: core platform, optional modules and the number of users.
What is the limit of NetSuite license?
You can purchase up to a maximum of 100 General Users. Excepting the Oracle NetSuite Planning and Budgeting module, the optimum allowable file storage is 100GB File Cabinet Storage.