NetSuite
The Mindcore-Encompass partnership has proven to be a powerful team, delivering comprehensive ERP and NetSuite services to Florida companies.
Encompass is a NetSuite BPO and Solutions Partner with extensive experience in NetSuite solutions for Media, Private Equity, Retail, Distribution, Warehousing, Manufacturing and Not For Profit to global and local companies.
What Our Clients Are Saying
NetSuite Services
Whether you’re considering implementing NetSuite for the first time, looking to optimize your existing NetSuite software, or seeking ongoing support and maintenance, our team of certified NetSuite consultants is here to assist you every step of the way. We offer the following services to help you implement NetSuite into your company.
NetSuite Implementation
Our experienced consultants will work closely with your team to ensure a seamless implementation of NetSuite tailored to your unique business needs. From initial planning and configuration to data migration and training, we’ll guide you through the entire implementation process to help you achieve your business objectives efficiently.
NetSuite Customization and Development
Are you looking to customize NetSuite to fit your specific business needs? Our team of developers specializes in tailoring and expanding NetSuite functionality to align with your unique requirements. We can create custom workflows, reports, or integrations with third-party systems to help you optimize NetSuite and support your business growth.
NetSuite Optimization
Already using NetSuite but not getting the most out of your investment? Our optimization services are designed to fine-tune your NetSuite instance for improved performance, efficiency, and user adoption. We’ll conduct a comprehensive review of your setup, identify areas for improvement, and implement solutions to enhance your NetSuite experience.
NetSuite Training
Equip your team with the necessary knowledge and skills to learn how to use NetSuite. We offer personalized training programs tailored to your organization’s needs, including administrator training, end-user training, and specialized training for specific NetSuite modules.
NetSuite Support
With NetSuite, you get access to a dedicated support team of experts who are available to assist you with any questions or issues you may encounter. Whether you need help troubleshooting a technical issue, configuring a new feature, or navigating the system, our support team is here to provide timely assistance and ensure your success with NetSuite.
NetSuite Managed Services
We offer NetSuite system maintenance to help you focus on growing your business without worrying about technical aspects. Our managed services include routine tasks such as system updates, backups, performance monitoring, and proactive support. With our help, you can be sure that your NetSuite solution will be up and running smoothly at all times.
Our Netsuite Content Videos
NetSuite Explained: How NetSuite Transforms Business Efficiency
NetSuite: Why Businesses Are Flocking to It for Growth?
NetSuite Implementation REVEALED: Boost Your Efficiency from Day One!
The NetSuite Training Secret That Will Give You An Advantage
NetSuite's Most Unique Partnership and Services
Why NetSuite’s 24/7 Support Beats QuickBooks and Dynamics
NetSuite vs QuickBooks The Real Difference for Small Businesses
NetSuite ERP: The Secret to Streamlining Processes
NetSuite: Unlock Massive ROI – How It Transforms Business Efficiency & Cash Flow
NetSuite’s Built-in Best Practices: Why 38,000 Companies Trust It for Growth
NetSuite: Cut Costs & Stop Procrastination – Game-Changing Features Revealed
NetSuite: 5 Signs It's Time for Your Business to Upgrade
NetSuite Customization EXPOSED: Is It the Ultimate Solution for Every Business?
NetSuite vs. Its Biggest Rivals: Who Dominates the ERP Market?
NetSuite’s Secret ROI Tool: See How Your Business Can Save
NetSuite vs SAP: Which ERP is Less Painful to Implement?
NetSuite: Struggling With It? Hidden Challenges No One Talks About!
NetSuite Case Study: How a $20M Company Mastered Multinational Consolidation
Can NetSuite Revolutionize YOUR Business? From Nonprofits to Fashion
NetSuite: The Ultimate Growth Catalyst—Background & Benefits
NetSuite Solutions
Whether you’re an insurance company, a manufacturing company, or in retail, NetSuite provides a comprehensive suite of tools to help you streamline operations, improve efficiency, and drive growth in today’s competitive landscape. NetSuite solutions are designed to address the specific challenges and requirements of every industry, helping you stay ahead of the competition.
Financial Management
Gain real-time visibility into your financial performance with NetSuite’s integrated financial management solution. Streamline accounting processes, including general ledger, accounts payable, accounts receivable, and financial reporting.
Financial Planning
Drive better decision-making with comprehensive financial planning, budgeting, and forecasting capabilities. NetSuite allows you to collaborate across departments to create accurate financial projections and scenarios. You can also monitor performance against targets and adjust strategies as needed to achieve your financial goals.
Revenue Management
Effectively manage revenue streams and maximize profitability with NetSuite’s revenue management solution. Streamline revenue forecasting, tracking, and analysis to gain insights into revenue trends and performance drivers. Optimize pricing strategies and revenue mix to drive revenue growth and enhance financial performance.
Compliance and Risk Management
NetSuite can help your financial company manage and mitigate risks with built-in controls, automated workflows, and real-time monitoring. You can generate compliance reports and audit trails to demonstrate compliance with regulatory standards and industry regulations, including SOX, GDPR, and KYC.
Client Relationship Management
Strengthen client relationships and improve retention with NetSuite’s integrated CRM solution. Track interactions and communications with clients, manage opportunities and pipelines and provide personalized service. Leverage advanced analytics and reporting to gain insights into client behavior and preferences.
Understanding NetSuite Costs
Determining the cost of NetSuite can be more complex than it initially appears, as various factors influence the final quote. In this section, we’ll discuss how NetSuite pricing is structured and share insights on maximizing ROI when partnering with MindCore. Learn how Oracle NetSuite pricing works and discover how MindCore can help you optimize your ERP investment.
What We Cover
- How much does NetSuite cost?
- Industry-specific Suites & Bundles
- Which industries benefit from NetSuite?
- What is the cost of a NetSuite implementation?
- Why choose a Solution Provider for NetSuite?
- The MindCore Advantage
- How to schedule a NetSuite demo
- NetSuite pricing summary
NetSuite Pricing and Cost
The cost of NetSuite is influenced by the specific modules your business needs. The first step is identifying which NetSuite modules are essential to streamline and enhance your operations. NetSuite’s core ERP platform is supported by a wide array of modules, offering specialized functionalities across various business areas—from supply chain management to human resources.
These additional modules integrate seamlessly with NetSuite’s core ERP, ensuring that all your cross-departmental data is accessible in real-time, without any redundant data entry.
Don’t be overwhelmed by the extensive list of modules. By partnering with a NetSuite Solution Provider like MindCore, our seasoned consultants will thoroughly analyze your business processes to recommend the optimal NetSuite package for your needs.
NetSuite Users
The number of users in your organization plays a significant role in determining the overall cost of NetSuite. User licenses are necessary for team members who require access to your NetSuite instance. Full user licenses, which grant complete access to the software, are typically needed by key personnel, such as warehouse managers and CFOs. However, not every employee in your organization will require access, so it’s important to avoid estimating based on total headcount. Sharing licenses is not recommended, as it can lead to internal auditing challenges and errors.
For those needing limited functionality, NetSuite offers partial user licenses, often referred to as “Self-Service Users” or “Employee Center Users.” These licenses are ideal for tasks like tracking time entries or submitting expense reports.
NetSuite does not provide “read-only” licenses. However, the system does allow you to export data such as CSVs, dashboards, and other information, making it easy to share critical data with users who do not have direct access.
To optimize your NetSuite costs, you can add users at any time, ensuring that you only pay for the licenses you need. If you find that you need to reduce the number of users, adjustments can be made during your renewal period.
Does NetSuite Work for Small Businesses?
NetSuite is suitable for businesses of all sizes. While startups or companies with limited budgets might find ERP implementation challenging, small businesses with Private Equity backing or those experiencing growth are excellent candidates for NetSuite.
Small, growing businesses can begin with NetSuite Financials to manage costs while leveraging the benefits of a leading cloud-based ERP system. As your business expands, you can add more features or modules to enhance the platform’s capabilities.
Available NetSuite Versions
NetSuite pricing varies depending on the version that best fits your needs. The available versions include NetSuite Starter, NetSuite Standard, and NetSuite Premium, which are tailored based on the number of user licenses required or your organization’s size.
For those seeking a more cost-effective option, there’s NetSuite Financials, which offers essential functionalities at a lower price point by omitting certain features.
Another affordable alternative for growing small businesses is the BPO (Business Process Outsourcing) option. In this model, a BPO provider like MindCore allocates user licenses to your business and handles outsourced accounting using those licenses. While you don’t own the licenses outright, this approach provides an economical way to leverage NetSuite’s capabilities along with the benefits of outsourced accounting. When you’re ready to take over the licenses yourself, the transition is straightforward.
NetSuite Financials
The entry-level package, “NetSuite Financials,” offers a comprehensive suite of financial tools within the NetSuite ERP system. This version includes all essential financial functionalities, such as:
- Employee Center for time tracking and expense management
- Accounts Receivable and Accounts Payable
- Bank Management and Reconciliations
- General Ledger
- Multi-Currency and Multi-Language support
- Order Management
- Procurement
- Credit Card Processing
- Basic Inventory Management
- Basic Project Management
NetSuite Standard
The NetSuite Standard package is an excellent choice for businesses with more than 10 named users and those managing two or more legal entities. This solution simplifies the consolidation of financials across multiple currencies, making it easy to manage operations in multiple countries. As a mid-market package, it’s the most widely adopted Suite, offering robust multi-entity management and financial capabilities.
NetSuite Premium
NetSuite Premium Edition offers all the features of Starter and Mid-Market plans, tailored for businesses needing 1, 000 or more named user licenses.
Curious about the true cost of NetSuite for your business? Reach out to ScaleNorth to start the conversation today.
NetSuite Tiers
NetSuite offers different tiers based on factors such as the number of users, storage capacity, and monthly transaction lines.These tiers are separate from the Suite type, such as Mid-Market or Enterprise.
Transaction lines encompass all types of transactions, not just sales, including everything from fulfillment to billing.All tiers, except for Standard, include a sandbox instance for testing and development.
During implementation, ScaleNorth will assist you in selecting the best tier for your business. If you need to switch tiers later, the process is seamless.
NetSuite Industry Suites & Bundles
NetSuite offers a comprehensive library of modules that can be added to its base ERP system to enhance functionality and cater to various industries and tasks.
To streamline this process, NetSuite has created industry-specific bundles, such as those for Food & Beverage, Manufacturing, and Professional Services. For instance, the Professional Services Industry Suite includes the base ERP system, Customer Relationship Management, Professional Services Automation, and Services Resource Planning, all in one package.
Wholesale Distributor
- Core ERP functions
- Inventory management
- Grid order management
Software
- Core ERP functions
- Revenue management
- Software management
- Financial management
Retailer
- Core ERP functions
- Financial management
- Grid order management
- Demand planning
- Inventory management
- POS
- Pick, pack and ship
- Work orders & assemblies
Manufacturing
- Core ERP functions
- Grid order management
- Work orders & assemblies
- Inventory management
- WIP & routings
- Demand planning
NetSuite pricing varies based on whether you’re adding modules individually or purchasing an industry suite. Costs are influenced by the number of modules, the edition type (such as Mid-Market or Enterprise), and the chosen tier.
What Type of Businesses Use NetSuite
NetSuite is trusted by over 33, 000 companies across 200+countries and territories. Its flexibility makes it suitable for businesses of all sizes and at every stage of growth. NetSuite supports a wide range of industries and business models, including:
NetSuite’s pricing is influenced by the number of modules you select, the edition type (such as Mid-Market or Enterprise), and the chosen tier. Each tier, except Standard, includes a sandbox instance for testing and development.
ScaleNorth will guide you through the implementation process to determine the best tier for your business. If you need to switch tiers later, the transition is seamless.
Why is NetSuite the Ideal ERP for Growing Companies?
NetSuite is designed to grow with your business, supporting revenue increases from a few million to over $1 billion. Used by 20% of Fortune 100 companies, NetSuite is often regarded as the last ERP system you’ll ever need.
NetSuite Implementation Pricing
The cost of implementing NetSuite varies based on factors such as your business size, complexity, chosen NetSuite partner, required modules, integrations, and customizations. There isn’t a one-size-fits-all answer to the implementation cost, but partnering with an experienced firm like ScaleNorth can help manage expenses and maximize your NetSuite investment.
How to Reduce Your NetSuite Implementation Cost
To minimize implementation costs, it’s crucial to work with a consulting firm that delivers high-quality results from the start. While lower-cost providers may seem appealing, they often lack the expertise required for a successful implementation, potentially leading to costly and frustrating setbacks. At ScaleNorth, we’ve encountered many businesses that initially chose budget providers, only to face significant issues and eventually seek our help for a NetSuite recovery. Opting for the cheapest option often results in more hours and higher costs in the long run. An ERP implementation impacts your entire business for years. Investing in a skilled NetSuite implementation team ensures a smoother process and long-term savings.
NetSuite Implementation Pricing Details
NetSuite implementation costs depend on the expertise of the consultants and the project’s complexity. Expect to pay between $175 and $275 per hour for consultants. Higher rates often mean more efficient work and fewer overall hours compared to less experienced consultants. Typically, implementations require between 50 and 250 hours, with the total cost generally 2 to 3 times the annual NetSuite licensing fee.
NetSuite Implementation Configuration
After defining project requirements and timelines, the implementation phase begins, which can last several months. Your internal team must provide information and access as needed, as their responsiveness significantly impacts the project’s success.
The implementation involves customizing NetSuite to meet your business needs, integrating with existing systems, and creating custom dashboards and workflows. ScaleNorth uses a phased migration approach to ensure a smooth transition and data migration from your legacy system.
Following configuration, User Acceptance Testing (UAT) will ensure everything functions correctly and that your team is proficient with the new system.
Once UAT is complete, NetSuite ERP will go live, and you’ll begin enjoying its benefits for years to come.
Why work with a NetSuite Solution Provider?
What is NetSuite’s Direct Team?
NetSuite’s Direct Team handles the sale and implementation of their software. While they provide the essentials for getting started, working with a NetSuite Solution Provider offers several key advantages.
What Are NetSuite Solution Providers?
NetSuite Solution Providers, such as ScaleNorth, are approved resellers who assist with every step of the NetSuite journey from evaluation and purchase to implementation and ongoing support. They have direct access to NetSuite resources and collaborate with NetSuite’s team to secure the best package and pricing for your needs. Importantly, purchasing through a Solution Provider incurs no additional markup on NetSuite’s cost.
Benefits of Working with a NetSuite Solution Provider
Solution Providers bring several advantages to your ERP investment. Approximately half of a successful NetSuite implementation involves integrating software and tasks outside of the NetSuite ecosystem. A Solution Provider with technical expertise in integration ensures optimal efficiency.
Additionally, some NetSuite partners specialize in particular industries. It’s crucial to choose a Solution Provider who understands the unique challenges and strategies relevant to your business and industry.
How Do I Get a NetSuite Demo?
NetSuite Demo Overview
Evaluating a new ERP system often requires seeing it in action to assess its strategic fit for your business. While there are various NetSuite demo videos available to provide a glimpse of the platform, experiencing a demo tailored to your specific role can be particularly insightful. We’ve included some role-specific NetSuite demos below to help you understand how the platform can drive success for your business.
NetSuite Implementation
NetSuite Customization and Development
NetSuite Optimization
NetSuite Training
NetSuite Support
NetSuite Managed Services
Custom NetSuite Demos
NetSuite’s value lies in its ability to be customized to fit your industry and internal processes. A standard demo might not fully showcase how NetSuite can meet your specific needs. To provide a more accurate representation of NetSuite’s capabilities, ScaleNorth offers tailored demos.
During a custom NetSuite demo, ScaleNorth’s team of consultants and CPAs will thoroughly analyze your business processes, integrated technologies, and strategies. They will then present a detailed demonstration of the features and functionalities that align with your unique requirements.
This in-depth approach also helps ScaleNorth provide a more precise estimate of your NetSuite costs, reflecting your specific needs and configuration.
NetSuite Pricing & Licensing Summary
NetSuite Pricing Estimates:
NetSuite Pricing Summary
Estimating NetSuite pricing can be complex and requires a detailed discovery process for an accurate quote. Our team of NetSuite implementation experts has successfully helped businesses of all sizes and industries adopt NetSuite. We can provide an initial cost estimate and a detailed quote after completing the discovery phase.
To maximize your return on investment, it’s essential to partner with a NetSuite implementation firm that can:
Deliver a flawless implementation from the start.
Understand your industry and specific business processes.
Communicate effectively on strategic and financial aspects, not just technical details.
Demonstrate a proven track record with certifications and recognition.
Offer best practices based on extensive experience.
Recommend complementary technologies to enhance efficiency and visibility.
Provide ongoing support after going live.
To ensure you get the most value from your NetSuite investment, choose a premier implementation partner with a strong record of success. By working with ScaleNorth, you can lower your NetSuite costs with a professional, customized implementation.
For more information on NetSuite pricing and to schedule a tailored demo, please complete the form.
Frequently Asked Questions
NetSuite is a cloud-based enterprise resource planning (ERP) software suite that provides a comprehensive set of applications to manage key business processes such as financial management, customer relationship management (CRM), e-commerce, inventory management, and more.
NetSuite is a cloud-based business management solution used across industries for its comprehensive functionalities. It integrates financial management, customer relationship management (CRM), e-commerce, inventory management, supply chain management, human capital management (HCM), project management, and business intelligence. Businesses leverage NetSuite to streamline operations, improve efficiency, and drive growth.
It offers real-time visibility into financial performance, helps manage customer interactions, enables online store management, optimizes inventory levels, facilitates supply chain operations, manages HR processes, tracks project profitability, and provides analytics for informed decision-making. With its scalability and flexibility, NetSuite caters to businesses of all sizes, from startups to large enterprises, empowering them to adapt to changing market conditions and achieve their business objectives effectively.
NetSuite typically operates on a subscription-based pricing model, where businesses pay a monthly or annual fee based on factors such as the number of users, modules used, and level of customization required. The pricing for NetSuite may differ based on the needs of each organization.
Yes, NetSuite prioritizes security and compliance. It employs industry-leading security measures to protect customer data, including encryption, user authentication, access controls, and regular security audits. NetSuite also complies with various industry regulations and standards to ensure data privacy and security.
Experience seamless business operations in Florida with Mindcore Technologies and Encompass Digital’s exceptional ERP and NetSuite services. Encompass Digital, with extensive experience in design, build, deployment, and support, ensures the successful delivery of your NetSuite program. The partnership with Mindcore Technologies adds top-notch IT services and account management, supported by a large team of local resources in Florida. Our collaboration is built on a foundation of customer-focused service, offering comprehensive ERP and strategic solutions tailored to your business needs. With Mindcore and Encompass, you’ll benefit from unmatched expertise and support, helping your business grow and thrive efficiently.
BONUS: Our pricing model has the potential to deliver saving of up to 70% over other service providers. CONTACT US TO FIND OUT MORE(MAKE THIS A CALL TO ACTION)