The Ultimate Guide to NetSuite Pricing 2021

Disclaimer: We source public information for NetSuite’s pricing, including its own site. All pricing information within this resource is accurate at the time of publication.

NetSuite is a cloud-based enterprise resource planning (ERP) software solution created by Oracle to help companies scale their businesses for growth capability and streamline internal processes.

Each NetSuite module automates a different service that helps the overall growth of a business. Some of the key solutions offered by the NetSuite system include inventory management, finances, revenue, billing, e-commerce, warehouse management, order management and customer relationship management (CRM).

Oracle NetSuite Automation Guide

While all of this looks great on paper, one key question remains. How much does NetSuite ERP cost?

In this article, we’ll examine the cost of NetSuite before comparing it to a few of the leading brand alternatives. We’ll also give our recommendation on whether NetSuite is a smart purchase for your business.

How Much is NetSuite?

The base NetSuite license costs $999 per month, with additional costs calculated based on the number of active users as well as the number of modules being accessed.

That means every customer receives their own unique pricing depending on their needs as a company. Some of the factors that determine NetSuite cost include ERP configuration, which add-on modules a company needs, the total user count and the length of the contract they sign.

Oracle NetSuite Cost Breakdown

NetSuite Base Plan:

The base NetSuite license costs $999 per month. Access costs for the service come at an additional $99 per user, per month NetSuite licensing fee. 

NetSuite licensing is subscription based and can be renewed annually or for longer periods of time. Potential clients must contact a NetSuite consultant directly for a specific quote. 

For more information, check out our ERP comparison guide

Alternatives to NetSuite

With its personalized pricing, NetSuite’s total costs will vary for each company. 

But what about some of NetSuite’s biggest competitors? 

We’ve highlighted some NetSuite alternatives below to give you an opportunity to compare both features and costs.

NetSuite Alternative #1: Odoo

Odoo is ERP software with a suite of modules designed for business functionality. Some of these modules include CRM services, ecommerce, inventory management, supply chain management, order management, manufacturing, accounting, project management and employee management. 

Odoo is a fully open-source platform with both free and paid versions. Initially designed for small businesses, the solution can be customized to address the needs of companies of all different sizes.

Odoo Software Accounting Dashboard Screenshot

Odoo Pricing: 

Unlike the mysterious NetSuite pricing, Odoo is very upfront about its list price. 

Odoo runs on a per user, per month pricing model. It has pricing for both annual and monthly subscriptions. If you want to add additional modules or apps, they cost extra. For example, the CRM costs $24 per month, while the sales module is $12 per month. This can be seen in the Odoo price list below.

Odoo Software Pricing Sheet

Plan #1 Cost: Annual Subscription – $24 per user, per month

Odoo’s annual subscription provides users with access to the Odoo scalable cloud infrastructure. 

It also includes: 

  • Hosting 
  • Incremental daily backups on two continents 
  • Email integration
  • Security
  • 24/7 monitoring
  • Control Center access to manage the environment
  • Support through email or live chat

Plan #2 Cost: Monthly Subscription – $30 per user, per month

The monthly subscription costs $30 per user, per month. It comes with everything included in the annual plan with the same implementation. 

The only difference is that you’re paying on a month by month basis instead of one lump sum for an annual subscription.

NetSuite Alternative #2: Brightpearl

Brightpearl is another cloud-based ERP solution. It’s built (and priced) for companies trading $1 million or above. 

Brightpearl offers financial management, inventory management, warehouse management, order management, customer management, accounting, workflow automation and payment management.

Screenshot of Brightpearl dashboard

Brightpearl Pricing:

Like NetSuite, Brightpearl uses a personalized subscription service where quotes are tailored to each company.

Brightpearl Pricing Tiers

Plan #1 Cost: High Growth – Quoted Pricing

Brightpearl’s High Growth plan is designed for companies with: 

  • Gross Merchandise Volume between $500,000 and $2 million per year 
  • Between two and five sales channels 
  • More than one warehouse

Plan #2 Cost: Enterprise – Quoted Pricing

The Enterprise Plan is meant for companies that:

  • Have a Gross Merchandise Value between $2 million and $5 million per year
  • Have between two and five sales channels 
  • Have up to three warehouses 
  • Have up to 30 workers

Plan #3 Cost: Brand Leader – Quoted Pricing

If you want to use Brightpearl’s Brand Leader Plan, your company should: 

  • Have a Gross Merchandise Value of more than $5 million per year. 
  • Handle more than 5,000 monthly orders
  • Have more than five sales channels
  • Own multiple warehouses
  • Have 30 or more workers

For our complete look at other alternatives to NetSuite, check out our guide: “8 NetSuite Alternatives to Consider

Is NetSuite Right For You?

Now that you’ve seen how NetSuite’s pricing compares to the pricing for two of its biggest competitors, is NetSuite ERP right for your business? 

Chart Showing Advantages and Disadvantages of NetSuite

Small Businesses and Startups:

With a base user license price of $999 per month, plus an additional per user cost in the neighborhood of $99, NetSuite might be too pricey for most small businesses and startups. 

We’d recommend something like Odoo for businesses of this size instead, as it has a reasonable monthly fee, and you can pick and choose which modules you want to add on. 

Medium-Sized Businesses:

If you’re a medium-sized business with more complicated needs and a larger budget, NetSuite ERP should be a manageable expense. It’s likely that, given the size of your company, the base pricing will be within reach.

The personalized pricing customization comes in handy here because it can help you cut costs to keep everything within budget. 

Enterprise-Level Businesses:

Large enterprises are going to need an ERP system that can grow with the company. 

That’s what makes NetSuite such a surefire bet. The base pricing should be no issue, and NetSuite’s team will work with you on a customized quote that will suit your needs in a way that a one-size-fits-all option can’t do.

If you’re looking for a complete rundown of ERP services or software to find the one that’s right for your business, check out our ERP buyer’s guide.

Final Thoughts

There’s no doubt that NetSuite functionality is top notch. While some may be initially annoyed at the vendor’s reluctance to offer public pricing, it’s not necessarily a bad thing. 

NetSuite’s personalized pricing can be beneficial for medium-sized and enterprise-level businesses. When software has a rigid pricing structure, it prices out some smaller companies that either can’t afford or won’t need that level of service. It also excludes larger companies that require more from an ERP solution. 

By scaling services to your specific needs and matching you with the perfect NetSuite package, NetSuite ERP has created a solution that can be customized for a wide variety of businesses.