ERP IMPLEMENTATION PRICING

Understanding needs by vertical, users and modules
Get pricing
ERP Academy

This overview is designed for you to confidently ask critical questions prior to getting an Enterprise Resource Planning (ERP) quote. Knowledge is power and we think you’ll appreciate the insights to be an aware shopper and look savvy when presenting back to the approving committee.

To get a solid understanding of an ERP Implementation pricing, you’ll need to get an estimate from a solutions partner – simply because there are various cost factors influencing your estimate, from feature selection to the number of user seats.

5 FACTORS THAT INFLUENCE NETSUITE COST
1 - Industry Vertical & Complexity

Various industries have specific-use requirements for their ERP system, which is why ERP prices their packages under industry tiers. For example, a manufacturing company will differ in their module use vs a marketing company vs an e-commerce retailer. Know the type of industry you are to be categorized to and what edition (complexity) you will be choosing:

 

Common industry verticals: Software as a service, Manufacturing, Wholesale & Distribution, Retail, eCommerce, Professional Services, Advertising, Publishing, Food & Beverage, NonProfit.

2 - Quantity of User Licenses

How many administrator (full user) accounts will you need? Do you know what each user role will need to be doing? It’s always a good idea to jot down some basic use cases as to what each role (not person) in your team will ideally be doing once the system is live – this way you can accurately let us know how many users you’ll need at the start of the project.

3 - Modules & Features Required

To avoid purchasing features you do not need, understanding modules is the most important factor in any ERP software project, this will let you get an accurate quote. Common modules include: CRM, Order Management, Procurement, Fixed Assets, Warehousing, Multi-Currency, eCommerce, etc. In order to learn more about modules read the post below:

4 - Term of Use

Longer terms are always better as you’ll be able to negotiate for better pricing in return for your commitment. This makes sense, as on average, an ERP is an 8 to 10 year investment. Most companies go with a minimum of a 3 or 5-year terms, and get are rewarded with superb packages.

5 - Configuration & Customization Needs

After you have the software & license quote, it’s time to understand how much the implementation will cost from an implementation perspective and how long the project will take.

To implement the ERP platform, you’ll need to enlist a partner’s professional services to configure your environment, provide user training, and lead you through successful data migration through to go-live. To understand how to lead a successful ERP project, swing by this post.

AVERAGE BUDGET NEEDED (per company size)
To give you a ballpark understanding of the full cost of Oracle NetSuite pricing, we’ve done a high-level aggregation based on successful projects Trajectory NetSuite Partners (our team) has completed in the past three years. Keep in mind, in order to run a project, it’s highly recommended that you hire a seasoned NetSuite partner that will work with your team on a weekly basis to get you up and running.
small MEDIUM LARGE GODZILLA
small

Small (5 to 15 users) – for startups and small shops

You are a one-man admin army wearing multiple hats, growing fast but the budget is tight so you need NetSuite small business pricing options, you’re ready for a templated solution to run your finances, no need for customizations, but…you have the ambition to grow to the galaxy & beyond.

MEDIUM

Medium (10 to 30 users) – for mid-market companies with limited users

You’re a team that’s been there and done that, you’ve got multiple accountants and can actually go home by 6 pm. Fed up with excel sheets and fragmented data you’re ready to embrace best practices and see real-time reports – oh yeah, that approval process? Needs a tad of custom work.

LARGE

Large (20 to 1,000 users) – for mid-market companies

You’re a seasoned team with clear roles and assignments, there’s a CFO and a Controller and yes – they’re separate people, your team needs to run the full back office, some integrations to your beloved financial close software and expense apps are needed, approval workflows are a thing. You’re ready for data migration, know what ETL is and want to adopt a cloud-based system that will make life easy – like Sunday morning.

GODZILLA

Enterprise (more than 1,000 users)

You’re the biggest thing around, a trendsetter extraordinaire, have a staff of 1,000 +, own a worldwide amount of subsidiaries which would scare Napoleon, have a mature IT practice and need multiple integrations. You don’t want to be a number to the big consulting companies – you want a solution partner that dedicates a team to the project and a seasoned project manager, through thick and thin – they might as well be family. 

ERP Project Steps Price (USD)
Licensing & Features
 30k to 75k
Requirements Gathering
 10k to 20k
Professional Services Effort

System setup
Data migration
Integrations
Unit testing
Training & demos
User acceptance testing
Go live

 30k to 50k
Monthly Post Go Live Support
 0.5k to 1k
Total 70.5k to 146k
ERP Project Steps Price (USD)
Licensing & Features
 75k to 150k
Requirements Gathering
 20k to 50k
Professional Services Effort

System setup
Data migration
Integrations
Unit testing
Training & demos
User acceptance testing
Go live

 50k to 150k
Monthly NetSuite Support (post go live)
 1k to 3k
Total 146k to 353k
ERP Project Steps Price (USD)
Licensing & Features
 150k to 225k
Requirements Gathering
 50k to 75k
Professional Services Effort

System setup
Data migration
Integrations
Unit testing
Training & demos
User acceptance testing
Go live

 150k to 300k
Monthly NetSuite Support (post go live)
 3k to 5k
Total 353k to 605k
ERP Project Steps Price (USD)
Licensing & Features
 225k to 300k+
Requirements Gathering
 75k to 125k
Professional Services Effort

System setup
Data migration
Integrations
Unit testing
Training & demos
User acceptance testing
Go live

 300k to 600k+
Monthly NetSuite Support (post go live)
 5k to 10k+
Total 605k to 1,03m+
COMMON Q&A FOR NETSUITE LICENSES and SERVICES
How many business days does it take to go live?

Small projects can take up to 80 days, large projects take up to 200. No NetSuite implementation is alike, on average, SuiteSuccess (templated/best practice) implementations which are highly industry-specific take no more than 3.5 months while average mid-sized companies go live within 5 months.

Is the software priced by named user and term?

Subscription for user licenses is done on a 12-month term basis for all user licenses and modules. NetSuite also makes it very easy to upgrade modules in case you need to scale. Once you are ready to use more features, you can just turn them on, and that’s when the subscription starts.

I need features that NetSuite doesn’t have...

Trajectory has an extensive Partner Network to offer a truly robust solution to our clients. One of the main benefits NetSuite offers is the near-unlimited integration capability with 3rd Party apps. What you need is an expert partner to guide those implementations and ensure your solution is achieving the highest value.

What do I need to start? How do I prep my team?

Your investment starts with your team members. A true diligence partner will conduct a full needs assessment hand-in-hand with your stakeholders via direct collaboration. It’s your data and your users that is key. Communication around enhancing your ERP can focus on the need for growth, expansion of capabilities and user experience upgrades. You want your team to be intimately involved as everyone counts to make the migration a success. Their time invested in the transition will be exponentially returned through productivity, thus value.

Does Trajectory ERP implement from scratch?

Absolutely – we specialize in assessment & diligence, full execution, and support of ERP projects. We advise on business process improvements as a result of your new ERP solution and help businesses migrate away from simple web solutions or fragmented excel processes.

Feel free to reach out - We'll help you get the right ERP implementation pricing and answer any other questions you may have

By submitting this form you agree to receive catered email communication from Trajectory Inc. You may unsubscribe any time.

Copyright 2020 @ Trajectory Inc.