- What is Oracle NetSuite Enterprise Resource Planning (ERP) ?
Oracle NetSuite Enterprise Resource Planning (ERP) is complete end to end ERP which is Robust, Scalable and is specifically designed for Hi-growth companies. Having said that there are a lot of small to large enterprises who prefer using NetSuite for the reason it provides the much needed features with scalability options. NetSuite’s platform capabilities helps the ERP to be configured for multiple industries. NetSuite ERP is deployed in more than 16,000 companies globally and comes with modules to manage CRM, Financials, Accounts Payable, Accounts receivables, Inventory management, Warehouse management, Fixed assets, Supply Chain, Project management to name a few. The most important advantage you get with NetSuite is that it helps you do global multi-subsidiary consolidation with near to no effort by your finance team. The ERP system also comes with in-build Operational Business Intelligence tools which helps Senior level Executives as well as key operational staff get the right insights in real time. Oracle NetSuite Provides complete end to end processes from Lead to Order, Order to Cash, Bid to Order, Procure to Pay, Project to Cash, Expense management, Case to resolution and much more. To sum up NetSuite is a modern ERP which helps companies get control and automate their business processes while keeping every stakeholder of your company across subsidiaries and business lines informed in real-time of the information they need to take business critical decisions.
- What is Oracle NetSuite Customer Relationship Management ?
With lot of CRM systems in to choose from it becomes a difficult choice. Oracle NetSuite CRM is one of the top CRM systems which comes with capabilities to manage Lead to Order process automation, Marketing automation, After sales automation, partner management, an engine to manage employee as well as partner commissions. The CRM system also comes with capabilities to integrate with third party applications as well as a platform to develop your own functionalities which works well with all features of the CRM system.
- What is Oracle NetSuite Service Resource Planning ?
Oracle NetSuite comes with a verticalized edition known as Service Resource Planning (SRP). SRP edition is specifically meant to cater to services companies who want to manage their entire business operation from one single system and want real time data across its business functions. With this approach your company gets detailed insights and reporting on real time data and help you better take informed decisions.
The SRP suite comprises of Sales Force Automation, Marketing Management, After sales Support Management (Case Management), Order management, Procurement Management, Accounting, Financials, Budget and Expense Management, Revenue management and forecasting, Project Management, Timesheet Management, Resource Management and Project Accounting.
- What industries Does Oracle NetSuite cater to ?
Oracle NetSuite by nature is a Horizontal product and meant to be fit across industries due to its flexible customization platform. NetSuite comes with a lot of modules which can be used by almost all the industries. Having said that NetSuite is a best fit for a few industries and have specialized modules which can be industry specific. NetSuite provides its partner ecosystem with a platform to build vertical specific solutions and such partner’s specialized in doing implementation’s in that industry.
- What is the price of NetSuite ERP Licenses ? How much does Oracle NetSuite cost ?
When you try to get the cost of NetSuite ERP it might be very confusing at first. As NetSuite ERP caters multiple segments of the industry the cost of procuring the ERP depends of the module’s and feature you require as well as the number of named users you want to opt for. Due to the vast available module options and factors of your requirement it is difficult to tell how much NetSuite would cost you without having a discussion around your requirements. NetSuite ERP basically has three components when we talk about its pricing.
NetSuite Base Price: The price NetSuite would charge you to provide your ERP platform with its default features for Accounts receivables, Accounts payables, Inventory management, Business Intelligence, Hosting and database charges. This pricing normally starts from $999/ month and can increase based on the edition you opt for.
NetSuite Module Price: These are Bolton modules on top of the base platform which adds functionality to cater to specific industries and specific needs of the customer. The pricing of these modules depends on the module you opt for.
NetSuite User Price: NetSuite ERP sells it’s licenses on a named user basis. There are multiple type of users, a standard user of NetSuite would cost around $99/month and the pricing changes based on the type of users you want to buy.
The combination of NetSuite Base price, NetSuite Module price, and NetSuite User price forms as a total NetSuite cost to you as an end customer. We suggest you get in touch with a NetSuite Solution Consulting Partner to get you the best NetSuite pricing and any applicable discounts to justify your Return On Investment. Apart from the pricing, a NetSuite Solution Provider can also work with you on the payment terms to ease out your cashflow.
- What is included in NetSuite License Price ? Is there any other cost apart from License cost ?
Oracle NetSuite price will include cost for Hosting, Disaster recovery, Database licenses, NetSuite Platform, Operational BI and API capabilities. The price also includes any upgrades NetSuite provides throughout the year. As a standard NetSuite provides 2 upgrades a year. There is no additional cost for the new feature realizes which come as a part of the upgrade and all your customizations and configurations are automatically carry forward to the next release of NetSuite. The license cost is annually recurring and needs to be paid by the customer every year just like any other subscription.
Apart from NetSuite License the only cost you would have to pay is for professional services. Which is generally a one time cost to get the processes implemented as per your business requirements.
- Does the price of NetSuite increase on renewals ? Is there a Multi-Year contract available ?
NetSuite has a pre-agreed increment in pricing on its license renewals. To avoid the increase in cost, NetSuite allows its customers to get into a multi-year contract. If you have a multi-Year contract with NetSuite, your agreed price gets locked till the end of the contract. This ensures that your cash flows are well known in advance for your license fee.
- Is Oracle NetSuite ERP Scalable ?
Oracle NetSuite is used by companies as small as one employees to companies who use thousands of NetSuite Licenses. NetSuite has multiple datacenters to do load balancing and disaster management. This implies that even the smallest companies have now access to enterprise grade features which normally they would not have access to.
- What are the editions available with NetSuite ? Does NetSuite ERP price change with this modules ?
NetSuite ERP unlike other ERP system is Horizontal in Nature and cater to a range of Industries. The pricing of NetSuite ERP varies based on these editions as well. The best way to understand these modules is to get in touch with a NetSuite Partner like Oceana AI and ask for Edition details and it’s Pricing to arrive at a cost you would have to pay every year.
NetSuite Financial Edition, NetSuite Wholesale/Distribution edition and NetSuite Services Edition and NetSuite Manufacturing edition are the most prominent editions available with NetSuite ERP.
- What is NetSuite Implementation methodology ?
Different business have different needs and the complexity of the implementation changes based on the processes and scale of the organization. To manage various needs of the customers NetSuite promotes using its proven implementation methodology known as “NetSuite One” . This is a 7 phase methodology with each phase marking the progress of the project.