ERP Licensing Services

FromERP Buddies Inc.

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As a business, investing in an ERP system is one of the most crucial things to consider. An ERP software doesn’t come at a cheap price as it handles a wide variety of business processes and its price is hugely dependent on multiple factors like the type of business model, deployment, number of users, number of modules, customizations, integrations, level of effort and more. There are many ERP cloud vendors to choose from as they offer specialized functions, pricing model etc. that can create vast differences between the prices. An age-old solution like QuickBooks is probably going to cost less than a NetSuite solution, as QuickBooks is just a solution “to get the job done”. But don’t be surprised if you have to eliminate your entire QuickBooks contract term, solution and investment after a few years as QuickBooks is not scalable nor customizable when compared to NetSuite and hence the price difference.

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To sum it up, in the ERP world, you always get what you pay for. So, at ERP Buddies we always like to encourage our customers to choose a solution that stays relevant even 10+ years from now considering your immense future business growth. We also offer a 14-day free NetSuite trial based on your business requirement so you can make an informed decision every step of the way.

To explain furthermore we have created a complete list of what an ERP is, how the price operates and how you can save on your ERP licensing cost.

ERP stands for Enterprise Resource Planning.

And that’s exactly what a growing business needs, an ERP system to help manage all operations and resources.

In layman’s terms, an ERP system helps companies to streamline their business processes and operations with a centralized system that interconnects all business departments to provide a complete picture. Some common reasons to opt for an ERP system are collecting and analyzing business operations, better supply chain and inventory management, improved customer relations, efficient accounting and financial management etc.

ERP systems are often comprised of multiple modules. When it comes to an ERP system like NetSuite, users have many ways to save on their NetSuite licensing and implementation costs. Companies can choose specific modules to get started and to control costs in the earlier stages, whereas in time companies can always add additional modules to improve the functionality of their ERP system.

Every ERP software provider will be different, and their solution implementation will often include different customizations, payment plans, integration capabilities and more that will affect the pricing of an ERP system.

Primarily there are two types of ERP software costs

Subscription plans pricing and licensing

Companies can choose an ERP system like NetSuite which operates on a subscription fee basis. In this scenario, the company will pay a subscription fee to access the cloud software which will be maintained and hosted by the cloud provider. In the subscription plan, fees are paid per month or annually in some cases based on monthly users.

A subscription plan may also involve a contract that spans for a minimum duration that includes various system tiers, functionalities, and choice of modules etc.

Private Cloud Subscription (Perpetual licensing)

Some companies choose to opt for an ERP solution that involves paying a one-time upfront cost for the software based on the number of users, customizations, infrastructure costs etc. This pricing model might feel enticing as it includes a single one-time cost of implementation fee, but it is important to consider that the one-time costs do not cover the ongoing maintenance and upgrade costs. This solution may also involve higher hardware infrastructure costs.