Which NetSuite Edition is Best? Here's How to Choose

NetSuite is capable of helping businesses of any size manage their data, whether you're a small local retailer or an international company.  

To help businesses build the best setup for their needs, NetSuite has multiple editions: 

• NetSuite Starter/Limited Edition 
• NetSuite Standard/Mid-Market Edition 
• NetSuite Premium Edition 
• NetSuite Enterprise Edition

But how do you know which one is best? It depends on how many user licenses you need, how many employees your company has, the size of your business, and whether the company has more than one legal entity. 

Our NetSuite-certified team breaks down each NetSuite edition and which type of business it's best for here! 

Which NetSuite Edition is Right for My Company? 

Choosing the right NetSuite Edition is important. To make the best choice, you need to know the following:

• The total number of NetSuite user licenses you need 
• How many employees your company has 
• Whether your business has more than one legal entity 

NetSuite Editions   

Whether you only need 5 user licenses or thousands, NetSuite has an edition to fit your business goals. Here's what each edition includes and the type of company they're best for. 

Starter/Limited Edition 

Also called NetSuite SuiteSuccess, this was designed to be the ultimate starter package for a small business looking to quickly implement NetSuite. NetSuite Limited Edition provides up to 10 user licenses. This option is best for small companies with 50 employees or less. 

Benefits include: 

• Ready from day 1. This edition has pre-configured processes and solutions so you don't have to spend time figuring out the perfect setup. Everything is there for you to start using the day it goes live! 
• Quick go-live. More complicated NetSuite integrations can exceed the allotted time and budget. Luckily, with SuiteSuccess you know exactly how much it will cost and how quickly it can go live, helping your company see a faster ROI. 
• Customized editions by industry. Since SuiteSuccess is all about easy, pre-configured workflows, NetSuite created SuiteSuccess editions by industry. These include financials, service-based companies, agencies, apparel and footwear, health and beauty, manufacturing, and retail to name a few. 

Who NetSuite Limited Edition is Best For: 

Small companies or companies just starting out that only need up to 10 user licenses, don't have many employees, and operate under one legal entity. 

Standard/Mid-Market Edition 

NetSuite Mid-Market Edition includes 30 user licenses. This is a great option if your company has more than one legal entity and up to 100 employees. 

The Mid-Market Edition is capable of consolidating financial reports between two or more legal entities and with different currencies.  

Benefits include: 

• Data-informed business decisions. Instead of sorting through spreadsheets and scrolling through various monthly reports, NetSuite's dashboards contain real-time data to gauge performance on your company's most valuable KPIs. 
• Less reliance on manual processes. Stop spending time on manual processes and start analyzing the valuable data NetSuite has to offer. NetSuite contains countless automations that streamline every team's functions, from marketing to sales and even finance. 

Who NetSuite Mid-Market is Best For: 

Mid-sized companies that need up to 30 user licenses and have less than 100 employees. It's also great for any small or midsize business with more than one legal entity. 

Premium Edition  

NetSuite Premium Edition has unlimited user licenses and can scale with your company up to 1,000 employees. 

Benefits include: 

• Unlimited users. This is the only NetSuite edition with unlimited user licenses, which is a huge value add for large companies. Whether you need thousands of NetSuite licenses or simply don't ever want to worry about running out, this edition is for you. 
• Nearly infinite growth potential. Premium edition provides a lot of room for growth. If you expect to scale quickly, this could be the best choice. 

Who NetSuite Premium is Best For: 

Companies that need unlimited NetSuite user licenses or are planning to scale very quickly and don't want to have to worry about running out of licenses or data caps. 

Enterprise Edition

NetSuite Enterprise Edition is perfect for large companies and companies with multiple legal entities. You'll receive over 1,000 user licenses. 

Benefits include: 

• Quick scalability. NetSuite's Enterprise Edition was built to quickly scale with your company. Whether you're growing from a few hundred employees to a few thousand or want to expand internationally, enterprise edition will grow with you.
• Real-time business insights. View real-time business data for insights into how sales, marketing, and orders are performing. Instead of looking at disjointed reports, you'll see a holistic view of how the company is performing.

Who NetSuite Enterprise Edition is Best For: 

Large-scale companies that need over 1,000 NetSuite user licenses and want a solution that will grow quickly. 

What Does Each NetSuite Edition Include? 

The true differentiators between each NetSuite edition are how many user licenses you receive, how many employees it can scale to, and whether it supports more than one legal entity. Each NetSuite edition comes standard with NetSuite's ERP and CRM functionalities. Here is what's included with each of those.  

(If you need capabilities beyond what's listed below, you'll need to look into additional NetSuite modules, such as financial management, inventory and order management, or eCommerce.)

NetSuite ERP 

NetSuite's standard ERP contains: 

• Financial management
• Global business management 
• Inventory management 
• Order management 
• Basic supply chain management
• Basic warehouse management 
• Basic accounting 

NetSuite CRM

Here's what's included in NetSuite's CRM: 

• Marketing automation 
• Sales force automation 
• Real-time reporting and analytics 
• Upsell, quote, and order management 
• Sales forecasting 

How Much Does Each NetSuite Edition Cost?

The cost for each NetSuite edition depends on the size of your company and how many licenses you need. Just like the overall price of NetSuite, the cost scales with your business and any other NetSuite add-ons needed.

Whoever you're working with for your NetSuite implementation can guide you through the NetSuite Edition that's best for you and provide some pricing information. 

NetSuite Editions vs NetSuite Service Tiers 

It might be a bit confusing, as there are multiple layers to NetSuite, but editions and service tiers aren't the same things. Editions refer to the core platform and number of user licenses you purchase, while service tiers dictate the more quantitative aspects of NetSuite. 

NetSuite service tiers refer to the different levels of NetSuite available, making sure you only pay for what you need. Service tiers determine: 

• How many total NetSuite users (not licenses) you can have 
• How much data you can process 
• The amount of data storage you receive 
• SuiteCloud Plus licenses available 

Here's a quick breakdown of the four different service tiers. 

So, Which NetSuite Edition is Best? 

The NetSuite Edition that's best for you depends on how many user licenses you need, the size of your company, and whether your business has more than one legal entity. 

While it might seem like a straightforward decision, there are a lot of things to consider when you're building the best NetSuite setup for your company. There's nothing wrong with enlisting the help of an experienced cloud software company, like SCS Cloud! 

Contact us today for a FREE consultation — we can help you pick the best NetSuite edition (and more!).