Have you ever wondered how much it costs to hire a NetSuite developer and implement NetSuite? In a world where the enterprise resource planning (ERP) software market is set to reach $118 billion by 2030, it’s a question worth asking.
What Is NetSuite?
NetSuite is a cloud-based, all-in-one business software suite. Think of it as your company’s command center from where you can manage all critical aspects of your company–the tool combines ERP, customer relationship management (CRM), and e-commerce capabilities into one portal. This means you can handle everything from accounting, finance, sales, and customer service to inventory management and e-commerce operations, all from the same platform.
Plus, the tool operates using a Software as a Service (SaaS) model; so, instead of buying NetSuite outright, you pay a subscription fee to use it. This way, you wouldn’t be responsible for maintaining the underlying system because NetSuite takes care of that behind the scenes. This allows you to focus on what matters the most–running your business.
Factors Contributing to the Cost of Implementation
In general, NetSuite implementation can cost you anywhere between $25,000 and $100,000. However, this cost depends on various factors such as company size, integrations, customization, and training. It also depends on whether you onboard a developer to your company or work with a freelancer.
Here are a few factors to consider when creating a budget for a NetSuite implementation:
Licensing
The cost of the software will depend on which NetSuite edition your business needs. NetSuite offers multiple types of user licenses.
For instance, a full-user license gives complete access to NetSuite, while an employee-center license gives limited access and is suitable for someone who only needs to track time or report expenses.
Customization
NetSuite can be molded to fit your specific business needs. The cost for customization can depend heavily on the complexity of your requirements, but it can end up increasing your costs of implementation.
Company Size
The size of your company is another significant cost determinant. NetSuite offers different packages based on the size of an organization.
For example, a smaller business might opt for the starter edition suitable for up to ten users. A larger enterprise might go for an edition that can handle 1,000 users or more.
Module Selection
NetSuite offers different modules for areas such as finance, CRM, e-commerce, professional services automation, and much more. Your total cost will be impacted by which modules you choose to implement.
Integrations
NetSuite offers a powerful application programming interface that can connect to other software tools your business uses–this is great for ensuring that all of your systems work together, but it adds to the cost of NetSuite implementation. You can expect integrations to cost anywhere from $2,000 to $4,000 or more annually.
Training
Training your staff to use NetSuite effectively is crucial if you want it to be used to its fullest potential. This is especially true for your NetSuite administrators, who will be the primary users of the system. Depending on the number of employees you have, you might need to budget between $1,500 and $12,000 or more for training.
Can You Self-Implement NetSuite?
You can implement NetSuite yourself, but it’s not a simple thing to do. Self-implementing NetSuite means you will need to take responsibility for configuring, customizing, and deploying the software on your own.
While this may save you some money in the short term, it’s often a better idea to hire a specialized freelance developer on a contract basis. They have the technical expertise and experience to ensure a smooth implementation process.
Benefits of Hiring a Freelancer for Your NetSuite Implementation
Here are some notable benefits in regards to what NetSuite developers can provide:
- Flexibility: Freelance NetSuite developers can adjust their schedules to meet your needs, providing you with more flexibility than a traditional employee.
- Expertise: They typically have broad experience working with various businesses, bringing a wealth of knowledge to any project.
- Focus: Because they are hired for specific tasks, freelancers focus on the NetSuite implementation without the distractions of other responsibilities.
- Speed: Hiring a freelancer saves you from the lengthy recruitment processes that come with traditional hiring.
- Cost-effective: Compared to a full-time employee, a freelancer often has more competitive rates and is only paid for the work done.
Final Thoughts
The cost of implementing NetSuite varies based on several factors, such as licensing needs, customization, and company size. However, hiring a freelance NetSuite developer can streamline the process and bring this cost down.
If you’re looking for talented freelancers who can take care of your NetSuite needs, Guru has you covered. Check out our catalog of reliable, experienced NetSuite developers today!
