NetSuite for Small Businesses
We recently wrote a blog about the cost of NetSuite, which explores the tricky debate of costs versus value.
After all, something expensive doesn’t have to be costly. If it brings your business value, then the costs are often negligible in comparison.
We all know that cost and value are always intricately intertwined, and that no one product will provide the same value to different business. When it comes down to it, however, there are some base costs that might help to explain the pricing model.
That’s why in this blog, we want to explore the simple figures behind the costs of NetSuite, discussing just how much NetSuite costs for a small business and how much it actually costs you per user.
And while we don’t want to be too cost-centric, these numbers will ultimately drive the investments your business pursues. So, without further ado, let’s get started.
How much does NetSuite cost for a small business?
There’s something innately frustrating about trying to find out the actual costs of NetSuite. That’s because these costs always vary and are dependent on your individual configuration, but also on your provider, any eventual discounts, and your support/implementation costs. This is the reason hardly anyone really talks about pricing – there is no standardised process and it always vary depending on the individual needs of your business. I mean…could you give a price for an all-inclusive holiday that still needs to be tailor-made? You could give an idea about flights, activities, and add-ons, but ultimately, it depends on what your idea of the perfect holiday is.
However, to give you an indication of what NetSuite will cost, we’ve rounded up a couple of base prices that might give you a better understanding of how the pricing structure works. The base license costs around £1000 per month. Project Planning, Resource Allocation and Job Costing for 35 people cost about £65k a year (before negotiation), with modules such as Advanced Financials, Advanced Inventory, Fixed Assets, or Incentive Compensation typically adding on about £5.5k to your annual bill.
Remember that this is just a very general idea, because your system costs will always vary based on the functionality you require. While this may seem frustrating if you’re desperately trying to pin down an exact costing figure, it really is the strength of the NetSuite proposition as a whole. It underpins the fact that each and every system is unique and that it can be tailor-made to your exact needs. And there’s real value in that. Whatever your business pains are, they can be alleviated with a unique system. That applies to the price as well.
A modular system with a modular price, if you will.
Remember that different partner agencies and companies can provide different discounts and offers, especially if you want to configure your own system. Get in touch with Cofficient for more in-depth pricing information on your proposed NetSuite configuration.
How much does NetSuite cost per user?
As we mentioned before, the beauty of NetSuite is its expandability. You’ll never outgrow your system, because your system is infinite. This means you will be able to add on users and products as your business expands.
Adding a base user license usually costs around £100 per month, so the costs are relatively predictable when it comes to expanding members of staff.
It also means you won’t have to move to a new system when you grow too much, which is something that expanding businesses are always fearful of, especially in innovative and fast-moving sectors sectors like tech, app development, and software.
Find out the Cost of NetSuite for your business
We’d love to advise you about the specific costs of NetSuite for your business. Get in touch to find out more about how NetSuite can help your business grow.