Are you considering licensing Oracle NetSuite? Not sure if it’s the right move for your business? In this article, we’ll show you how to get the best value when licensing Oracle NetSuite. Keep reading to learn more.
What is Oracle Netsuite?
Oracle Netsuite is a comprehensive cloud-based enterprise resource planning (ERP) software suite that provides finance, manufacturing, sales and service, and human resources management functionality. The Oracle NetSuite price is based on the number of users and modules licensed. The total price also includes annual maintenance fees, which are typically 20% of the license fees. When licensing Oracle Netsuite, it is essential to negotiate the best terms and conditions possible to get the best overall deal. This may include negotiating discounts on software licenses and annual maintenance fees, as well as getting additional products or services thrown into the deal.
It is also essential to have a clear understanding of what is included in the agreement, as well as what the ongoing costs and responsibilities will be. By taking the time to negotiate a favorable agreement, companies can save money and ensure that they are getting all they need from their Oracle Netsuite license.
How do you get the best value with Oracle Netsuite?
The best way to get the best value when licensing Oracle Netsuite is to identify your business requirements. One of the benefits of Oracle Netsuite is that it can be tailored to meet the specific needs of your business. You can choose from various modules, including financials, inventory, customer relationship management (CRM), and eCommerce. You can add additional features, such as enterprise resource planning (ERP), to meet your specific needs. In addition, Oracle Netsuite is scalable, so you can add users and functionality as your business grows.
When choosing a licensing option, you must consider the size of your business and the number of users you need. There are various licensing options available, including named users, concurrent users, and processors. Named user licenses are suitable for businesses with a fixed, limited number of users. With a named user license, each user is assigned a unique license.
Concurrent user licenses are suitable for businesses with a variable number of users. With a concurrent user license, a certain number of licenses are allocated to a pool, and users can access the software using any of the licenses in the pool. Processor licenses are suitable for businesses that have a large number of users. With a processor license, a certain number of licenses are allocated to each CPU.
How do you set up Oracle Netsuite?
The Oracle NetSuite setup process can be a little daunting for first-time users, but it can be a breeze with some guidance. Once you have an account on the Oracle NetSuite website, you can log in and start the setup process. The first step is to create an organization. This will be your business’s primary account and contain all your company’s data. Once you have created the organization, you will be asked to provide basic information about your company. This information includes your company’s name, address, and contact information.
The next step is to set up your company’s chart of accounts. This is a list of your business’s accounts to track its financial information. NetSuite will provide you with a list of standard accounts, but you can also create your customer accounts. The next step is to set up your company’s products and services. This includes setting up your product catalog, pricing information, and shipping settings. NetSuite also provides various built-in features such as order management, inventory management, and customer relationship management.
The next step is to set up your company’s employees and customer relationships. This includes creating user profiles and setting up your customer contact information. The final step is to configure your company’s settings. This includes setting up your company’s time zone, default currency, and tax rates. Once you have completed the setup process, you can start using Oracle NetSuite to manage your business.
