The Ultimate Guide to NetSuite Pricing 2023

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.

Oracle 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 business 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 management, 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 Oracle NetSuite ERP cost?

In this pricing guide, 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 Does NetSuite Cost?

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 Oracle 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.

Oracle 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 Pricing:

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

In the past, Odoo Enterprise had a base price that uses a per-month strategy, plus companies had to also purchase individual apps if they wish to use them. However, the vendor has recently changed its pricing model where organizations can choose from a free plan or two paid plans.

Plan #1 Cost: Free

The Free plan includes access to a single app and accommodates unlimited users. Odoo notes that if an app depends on other apps (e.g., eCommerce app depends on the Website app or Invoicing app), the additional apps are free.

Plan #2 Cost: Standard

The Standard plan costs $24.90 per user, per month (annually) or $31.10 per user, per month (monthly) and can accommodate multiple apps, as well as unlimited support, hosting and maintenance. The pricing reflects the discount that new clients get for the first 12 months.

Plan #3 Cost: Custom

The Custom plan costs $37.40 per user, per month (annually) or $46.80 per user, per month (monthly) and are for organizations that prefer to customize Odoo to fit their requirements. It includes all features of the Standard plan, plus on-premise hosting, Odoo Studio, the ability to accommodate multiple companies/locations and external API.

Oracle 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.

Brightpearl Pricing:

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

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 Oracle NetSuite Right For You?

Now that you’ve seen how NetSuite’s pricing compares to the pricing for two of its biggest competitors, is Oracle 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 pricing strategy, and you can pick and choose which plan that fits your business needs.

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 Oracle 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 Oracle 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, Oracle NetSuite ERP has created a solution that can be customized for a wide variety of businesses.