A Guide to NetSuite – Licensing, Versions and Editions
By Tanuja Srivastava, Technical Consultant
When planning to incorporate NetSuite Enterprise Resource Planning (ERP) software, companies frequently get overwhelmed with a plethora of queries. The questions always begin with "How much does NetSuite cost? "And" What are the benefits of buying it?”. These kinds of questions also cause small and medium-sized businesses to hesitate to incorporate ERP systems into their business processes.
The reason small and medium-sized companies are hesitating or not considering ERP as a viable solution is because of the misconception that ERP systems are costly. It is true that on-site ERP systems are costly because they require a significant upfront investment, However, recent advances in cloud computing have allowed NetSuite to provide cost-effective, scalable cloud-based Enterprise Resource Planning (ERP) software that is ideal for small and medium-sized enterprises.
The Types of NetSuite Licenses
Businesses can select from a variety of different NetSuite licenses based on the size of the business, the number of customers and the type of unique modules bolted on NetSuite ERP. NetSuite provides four types of licensing rates that companies can choose based on their size, specifications and most importantly budgets.
1.Small Business Edition: This License is issued for small businesses that only need one user access.
2.Limited Edition: The License is for companies that allow 1 to 10 NetSuite users to use it. This is ideal for companies with at least 50 people.
3.Mid-Market Edition: The Mid-Market version is for businesses that allow 11 to 1000 users to access NetSuite.
4.Enterprise Edition: The Enterprise Edition is intended for organizations that need access to NetSuite from more than 1000 users. The NetSuite Editions include Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP). The Packed includes all the essential functionalities of the NetSuite ERP as well as very own CRM software from NetSuite.
NetSuite ERP Essentials
- Order Management
- Employee Center
- General Ledger
- Accounts Receivable
- Accounts Payable
- Credit Cards
- Bank Management
- Multi-Currency & Multi-Language
- Item & Inventory Management
- Project Management (Limited)
NetSuite CRM Essentials
- Customer Care Management
- Partner Relationship Management
- Marketing Automation
- Sales Force Automation
User Specific Licenses
NetSuite is a Software as a Service (SaaS) providing two types of Product Licenses depending on the users' functions.
1. Full User License: The Full User License offers complete access for NetSuite applications. The user License is suitable for sales managers, CFOs and other users who need NetSuite unrestricted access.
2.Limited-User License: The Limited-User License is for workers performing minor technical tasks in a project, such as timekeeping, documentation, and data entry.
Other Add-On Features
NetSuite include industry-specific functionality and plugins that organizations can include in their licenses and implementation. Such additional features tackle business processes such as Financial Reporting & Accounting, Project Management, and Inventory Management.
NetSuite provides businesses with a range of choices about the number of licenses available and then allows businesses to pick apps and modules that match their industries best. NetSuite Solutions Provider Partners such as Upaya help companies recognize the NetSuite's best match for their needs. Upaya allows businesses to completely optimize NetSuite functionalities.
Is My Business The Right Size For an ERP System?
The best solution is to put your company’s financials and future in trusted hands. To learn more about NetSuite and Upaya’s NetSuite services contact us at:
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