NetSuite
NetSuite Pricing
NetSuite offers a range of price points based on company size, measured by headcount, and the desired tier of service. It's also important to note that the cost of Netsuite can slightly fluctuate based on the specific product within Netsuite's suite of offerings.
- For a business with a headcount of 200, prices tend to range from $31,500 to $67,400
- Businesses hosting over 1000 employees looking at prices ranging between $142,200 and $210,400
The cost of each NetSuite tier offers its own separate range.
- The Standard Tier hovers between $1,188 and $4,800
- The Premium Tier ranges from $11,615 to $27,600
- The Ultimate Tier lies between $7,188 and $10,200
- The Enterprise Tier ranges from $7,188 to $23,988
Businesses interested in more information are encouraged to contact NetSuite directly for a precise quote.
NetSuite Negotiation Insights
With Vendr, you'll gain access to insightful negotiation strategies for NetSuite, one of the leading providers in the SaaS market. Read on to get a sneak peek of what Vendr has to offer.
Discount Levers for NetSuite
One effective discount lever for negotiating a NetSuite contract is leveraging competition. With several robust competitors like Intuit, Microsoft, SAP, Sage Intacct, and Workday in the market, using a competitive bid process can help you secure a better deal from NetSuite.
Commercial Items for NetSuite
An important commercial item to consider during NetSuite contract negotiations is the flexibility in terms of contract length. In many cases, agreeing to a longer-term contract with NetSuite can result in significant cost savings.
To explore more discount levers and commercial items to leverage when negotiating your NetSuite contracts, sign up for a free forever Vendr account. With Vendr's platform, you gain access to an array of negotiation insights for NetSuite, as well as other major SaaS providers.
Community Insights for NetSuite
Gathering insights from our community can be incredibly valuable when considering a SaaS product like NetSuite. Here are the two most recent insights shared by our users:
- "In anticipation of our April 2024 renewal, NetSuite representatives informed us about an upcoming price increase for 2024. They advised us to secure the 2023 pricing for next year's renewal." - Community Insight was posted recently.
- "Dropped the ACS module while maintaining discount by leveraging an EOY signature." - Community Insight was posted recently.
These insights reflect the experiences of actual NetSuite users and can provide a glimpse into the strategies that may be effective in your own negotiations.
If you're looking for more in-depth information, we encourage you to sign up for a free forever Vendr account. With a free account, you'll have access to our full catalog of insights, including 22 more community insights for NetSuite. Additionally, you'll gain insights such as the estimated time to implement NetSuite, what to expect for your renewal, and other discount levers that can be implemented if you're stuck during the negotiation process.
NetSuite Competitors
Intuit
Intuit offers a wide range of financial and business services, with renowned products such as QuickBooks, TurboTax, and Mint. While they are not a direct competitor in terms of all-encompassing ERP Software, they offer competitive services for financial, accounting, and tax needs.
Microsoft
Microsoft offers Microsoft Dynamics 365, which provides ERP and CRM business solutions. Their advanced tier integrates financial, customer, sales, and operations data, which could be an alternative for those looking for a comprehensive business strategy platform.
Check out our guide on Microsoft pricing for more info.
SAP
SAP is a well-known player in the field of ERP and technology solutions. Between their SAP S/4HANA platform and the Business One system for smaller businesses, they offer a wide range of solutions that can compete with NetSuite.
Sage Intacct
Sage Intacct is a cloud-based financial management software. Its comprehensive financial solutions make it a competitor in the field of financial management and accounting. However, it may not offer the same level of comprehensive operational management as NetSuite.
Check out our guide on Sage Intacct pricing for more info.
Workday
Workday offers a comprehensive suite of enterprise-level software solutions for financial management, human resources, and planning. They are a strong competitor in the market, offering advanced finance and HR tools.
Check out our guide on Workday pricing for more info.
Quickbooks
Quickbooks is an accounting and financial management software suite aimed at small and mid-sized businesses with a range of products covering everything from payroll and invoice management to advanced accounting solutions that can help companies manage their finances.
Check out our comprehensive breakdown comparing Netsuite vs. Quickbooks for more info.
NetSuite Overview
NetSuite is a comprehensive cloud-based software suite designed to streamline business operations. Combining powerful functionalities including Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Inventory Management, Accounting, and E-commerce (under the SuiteCommerce banner), NetSuite provides businesses with a unified platform to manage their critical processes.
One of the leaders in the ERP domain, NetSuite is well-regarded for its ability to integrate with different business systems, applications, and workflows, creating a fully seamless infrastructure where data flows smoothly across different segments of the business.
Furthermore, NetSuite ERP offers extensive customization and scalability, which makes it an ideal choice for businesses across various industries and sizes, from small businesses to multinational corporations.
NetSuite offers a few editions targeting different needs, including SuiteSuccess - Software Edition, SuiteSuccess - Retail, and SuiteSuccess - FinancialsFirst. Each edition is catered to meet different business needs and can be chosen depending on the specific requirements of the organization.
Despite the numerous features and well-rounded capabilities, it's worth noting the ease of use and intuitive design of the NetSuite interface. The platform is user-friendly and designed with both technical and non-technical users in mind, lowering the learning curve and enabling employees at all levels to effortlessly navigate and utilize its features.
For more info, check out our comprehensive SaaS guide on what Netsuite is and how it works.
Compliance and Security
NetSuite places a high level of emphasis on the security and compliance of its software. The platform complies with several internationally recognized standards and regulations, offering its customers a degree of assurance about their data's safety and the system's vulnerability management.
In terms of regulations, NetSuite complies with General Data Protection Regulation (GDPR), thus securing users' data privacy across European markets. It is also SOC2 compliant, showcasing its commitment to the privacy, confidentiality, processing integrity, availability, and security of customer data.
NetSuite employs robust security mechanisms, offering Single Sign-On (SSO) capabilities for added convenience and Multi-Factor Authentication (MFA) for enhanced security. These features ensure that only authorized persons can access the system while preventing unauthorized access.
Furthermore, NetSuite strictly adheres to Personally Identifiable Information (PII) and Data Processing Agreement (DPA) regulations, reinforcing its commitment to data privacy and secure data processing. This shows NetSuite's dedication to ensuring sensitive and personal data is handled safely and securely, which are critical considerations for any business handling customer data.
Netsuite Pricing FAQs
How do NetSuite's real-time dashboards and reporting enhance business management and financial reporting?
NetSuite's real-time dashboards provide immediate insights into various aspects of your business, from sales and inventory to financial performance. This real-time visibility enables decision-makers to identify trends, spot issues early, and make informed decisions. Enhanced financial reporting features ensure compliance and accuracy in financial statements, supporting strategic planning and reporting needs.
What customer support and professional services does NetSuite offer to ensure businesses can fully leverage the ERP system post-go-live?
NetSuite provides extensive customer support and professional services to ensure businesses can maximize the value of their ERP system post-go-live. This includes access to a dedicated support team, ongoing training resources, and professional services for further customization or optimization of the system. These services help businesses continuously adapt and improve their NetSuite environment to meet changing business requirements and leverage new features for operational excellence.
What are the available options for NetSuite CRM, and how do they integrate with sales force automation and marketing automation to drive business growth?
NetSuite CRM offers a comprehensive solution for managing customer relationships, sales, and marketing activities. Integrated with sales force automation as well as marketing automation modules, NetSuite CRM enables businesses to streamline their sales processes, improve lead management, and execute targeted marketing campaigns. This integrated approach ensures a cohesive customer experience and supports business growth by aligning sales and marketing efforts