Knowing your NetSuite implementation cost is vital if you want to convince your leadership team to adopt the enterprise resource planning (ERP) solution. However, the cost of NetSuite depends on several different factors.
Before you embark on a project that will transform your business, you need to understand more than just the annual NetSuite licensing costs. You also need to know how much it will cost to implement NetSuite ERP solutions for your business.
Seller Universe is an experienced NetSuite solution provider. If you want to demystify Oracle NetSuite pricing, get in touch. We can evaluate your business goals and objectives and provide an estimated implementation cost based on the configuration that works for your business.
What costs are involved in a NetSuite implementation
Oracle NetSuite ERP boosts your efficiency and productivity. While improving your business processes saves money, finding accurate and up-to-date NetSuite pricing online is challenging. The primary reason is that each NetSuite implementation differs based on unique business needs and objectives.
NetSuite pricing is a complex subject. The ERP system offers so many options and levels that finding an accurate NetSuite cost for your business is challenging.
As a general rule, NetSuite implementation costs between $25,000 and $75,000 per business. However, these figures are just a guide and could be more or less depending on the specifics of your implementation, such as company size, complexity, industry requirements, modules, and more.
Main costs involved in NetSuite implementation
You should look at your NetSuite implementation costs like any other investment. While the costs might be high, they can be offset by the savings you can make and the extra revenue you can gain through enhanced features and functions.
You can split your NetSuite implementation cost into two distinct categories:
ERP costs
The first and most obvious costs come from things like:
- NetSuite licenses
- Costs of additional hardware
- Testing
- Customization and development
- NetSuite support
Project costs
The next set of costs involved executing the project. Some of these expenses include designating an individual or a team to ensure smooth implementation. Understandably, this extra work will take your team away from their regular tasks.
Depending on the complexity of the undertaking, you will need to consider overtime payments or the cost of the contractors required to fill in for your staff.
Stages of NetSuite implementation
When you work with a NetSuite partner, there are three distinct stages of a NetSuite implementation. Each phase is crucial to ensuring you get the best ROI on your investment.
Stage 1: Discovery
Most NetSuite integrations begin with some initial research and discovery.
The discovery stage is vital for understanding your business processes, goals, and objectives.
The research and discovery phase requires the use of NetSuite consulting services. Depending on the complexity of your business and the particular NetSuite implementation, NetSuite could need something in the range of 50 to 150 hours to evaluate your needs. NetSuite solution providers typically charge something in the region of $150 to $250 per hour. Overall, a NetSuite consultant could cost between $7,500 and $35,000.
While this might seem expensive, seeking consulting advice before integrating NetSuite is vital. Without solid research and discovery, ERP implementations risk going over budget, taking too long, or failing. These consulting fees can seem like a bargain when put in that context.
What is involved in the NetSuite research and development stage?
Some of the processes involved in the discovery stage include:
- Analyzing your existing business processes and identifying areas that will benefit from increased efficiency
- Establishing which business processes you want to implement within NetSuite
- Auditing your current software and exploring various NetSuite integrations
- Examining existing workflows, establishing gaps, and recommending improvements
- Defining which NetSuite functions and modules you require
- Detailing theNetSuite customizations required to unlock your business potential
- Deciding which NetSuite licenses you to need (NetSuite Enterprise edition, NetSuite Mid-Market Edition, NetSuite Limited Edition, etc.)
- Drawing up a detailed roadmap for implementation
There is a lot of planning that goes into a successful NetSuite implementation. However, this crucial stage will ensure your project stays on track and within budget.
Stage 2: Configuration and deployment
Once you have a blueprint for your NetSuite implementation, you can move on to the next stage: setup and deployment. This stage is the most complex and time-consuming part of your project.
A typical NetSuite configuration and deployment can take between 100 to 300 hours. Again, this is complex work that needs to be performed by an expert NetSuite consultant. So, the rough cost will be somewhere between $15,000 to $75,000.
Some of the tasks involved in this phase include building, configuring, and customizing your NetSuite implementation. You'll also need to factor in user testing to ensure your investment is ready to go live.
The end cost of your configuration and deployment depends mainly on the complexity of your implementation. If you need a large amount of customization and integrations to achieve your business objectives, these can add to the costs.
The cost of NetSuite development and customization
One of the most significant advantages of NetSuite is that you can tailor your implementation around your business. However, custom development requires extra investment during the configuration stage.
NetSuite comes with a range of modules you can mix and match for your business needs. These comprehensive solutions will be enough for many users. However, integrations and customizations will require an additional investment.
Factors that affect the need for customization
There are a few different factors that you need to consider when evaluating whether you need customizations.
- Automation: NetSuite is built to help you automate tasks and workflows. However, depending on your goals and objectives, you might require custom development work.
- Report and dashboard configuration: While NetSuite comes with reporting and dashboard capabilities, many teams require additional functionality to tailor these features around their particular needs.
- Integrations: Modern software stacks can contain dozens of different third-party programs. If you need to connect your apps to NetSuite, it can require extra development work to ensure data communication works seamlessly.
- Industry requirements: While NetSuite is built to support a wide range of industries out-of-the-box, tailoring it for your particular sector can take extra work. Adding these unique requirements can involve additional development and customization.
Stage 3: Support and maintenance
Once your implementation is up and running, most NetSuite customers need some support to ensure they get the most from their implementation. Netsuite partners, like Seller Universe, can provide training, support, and ongoing maintenance.
Some of the costs involved in getting your ERP platform live can include NetSuite training for employees, purchasing a NetSuite sandbox for your developers, and ongoing IT support.
Running costs: What is the NetSuite eCommerce pricing model?
While it is outside the scope of this article, other costs you need to consider are things like the NetSuite license price. NetSuite licenses and module costs are paid annually. The price depends on which NetSuite Edition you choose, the number of users, and whether you add extra modules. Contact Seller Universe for more detailed information.
Final thoughts
NetSuite pricing depends on several different factors, such as company size, the number of licenses you need, which modules you require, and the overall scope of your NetSuite implementation.
NetSuite solution providers like Seller Universe are here to help you navigate the complexities involved with implementing NetSuite. By closely working with your business to determine your needs and requirements, we can provide you with a rough estimate of the cost of NetSuite implementation.
As an experienced NetSuite partner, we've seen and done it all. So get in touch today for a NetSuite implementation cost estimate.
.jpeg)
