Which NetSuite license option is best for your business?

When planning to implement NetSuite enterprise resource planning (ERP) software, it’s easy to get overwhelmed with nagging questions like, “How much does NetSuite cost?” and “What are the benefits of buying it?”

Leaders at some companies might hesitate when considering an ERP system as a viable business solution because of the misconception that ERP systems are costly.

However, recent advances in cloud technology have allowed NetSuite to provide cost-effective, scalable cloud-based ERP software that is ideal for small- and medium-size enterprises. The key is selecting the right NetSuite license.

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Choose a NetSuite license that fits your business needs

Choosing the right NetSuite license for a business can feel overwhelming, but a right fit does exist. It’s important to not get stuck in the analysis phase. Here are the various NetSuite license options and what types of businesses they’re best for.

Types of NetSuite licenses and suites

Businesses can choose from a variety of different NetSuite licenses and suites based on their industry, functional requirements, size, number of customers, and need for specific modules within the NetSuite ERP system. NetSuite provides various costs that companies can choose from based on their size, specifications, and budget.

For the standard and premium levels, businesses also select an edition specific to their vertical or industry. The list includes:

Wholesale distribution
Manufacturing

Software
Services
Retail
Advertising, media, and publishing (AMP)
Apparel, fashion, and accessories (AFA)
Food and beverage
Health and beauty
Restaurant and hospitality
Campus stores
Social impact
Financials first

NetSuite license editions

Each of the editions includes the features and modules needed for a particular vertical, but businesses can also add on any other needed modules.

SuiteSuccess starter edition

The starter license is available for small businesses that need access for only 10 or fewer users. This edition is a great option for smaller companies just getting started and looking for the most cost-effective option.

SuiteSuccess standard edition

The standard edition license is for companies that allow up to 30 NetSuite users.

SuiteSuccess premium edition

The premium edition is ideal for businesses that require 30 or more users to access NetSuite. With this edition, there is a limit of 1,000 users.

User-specific NetSuite licenses

Full-user license

The full-user license offers complete access for NetSuite applications. It is suitable for sales managers, chief financial officers, and other users who need unrestricted NetSuite access.

Limited-user license

The limited-user license is for workers performing minor technical tasks in a project, such as timekeeping, expense reporting, purchase order requests, vendor bill approvals, documentation, and data entry.

Can’t-miss NetSuite ERP business essentials

Order management
Purchasing
Employee center
General ledger
Accounts receivable
Accounts payable
Subscription billing
Revenue recognition

Project management
Credit cards
Bank management
Global multicompany business management
Multicurrency and multilanguage capabilities
Item and inventory management
Work orders and assemblies
Shopping cart and web store

Project management and NetSuite customer relationship management essentials

Customer relationship management
Customer care management
Partner relationship management
Marketing automation
Sales force automation

NetSuite add-ons

NetSuite provides industry-specific functionality and plug-ins that organizations can include in their licenses and implementation. Additional features tackle complex business processes like financial reporting and accounting, project management, and inventory management.

Businesses can select from a wide range of NetSuite license options that will allow them to tailor apps and modules to best fit their industry.

We can help you set up NetSuite specifically for wholesale distribution.

Crowe has already developed several solutions within NetSuite to address the challenges and barriers to growth for our wholesale distributor clients. We can do it for you, too, in less time than you might expect.

NetSuite consulting services

Pick a NetSuite license option that will grow with your business

It can be challenging to know if your business is the right size for an ERP system. That’s why you should consider putting your company’s financial future in trusted hands. Crowe can help you optimize your functionalities and find the best NetSuite license for your operational needs.

If you need help getting started, we’re here. Reach out to an experienced Crowe technology consultant today.

Tailoring NetSuite for my industry ERP selection

Interested in learning more about different NetSuite license options?

Simon Riley

Principal, Finance

+1 312 880 4833

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Alejandro Alvarez

Principal, Consulting

+1 346 308 8507

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