Starting a Business? Don't Forget These Five Important Things

 Identifying an issue in the community and seeking a remedy to it can be as easy as trying to come up with a small business idea. However, many small companies fail in their first year due to many reasons, and there are several factors that can lead to a company's demise.

Before you take the first step of formally incorporating your business, consider these five things when it comes to formally starting your own company. 

Don't overthink the idea.

Most companies begin with a basic concept or approach to a common problem. Be certain that the concept would not get too complex. It is best to keep things simple. The more elaborate your concept, the more costly it will get. Issue fixes that are overly complex are more difficult to sell and execute. Begin small and limit your focus.

Concentrate on the demand rather than the product.

Many startups and small companies make the error of depending too much on their product to generate revenue. However, that is only one side of the equation. A good product must meet a demand. 

Small companies should concentrate on providing a commodity that customers want to purchase. You can create the most innovative product in the world, but if there is no demand for it, you will fail. Concentrate on niches. Gaining a limited share in a known market is much better start than competing in a market that does not exist.

Do not overestimate costs. 

Starting a business requires money. Lots of it. Prepare for the worse and overestimate the company's expenses. Allow yourself enough space to function. Don't expect your expenses to still be in the black. Prepare for unexpected events.

Create a support group.

You cannot run a company by yourself. Create a team to help you from the start. These individuals do not have to be corporate partners. They may be family members, peers, acquaintances, or mentors. Getting someone to lean on in times of trouble can be beneficial.

Always assess your business idea.

Recognizing that the product has a niche is just the first move. Don't forget to evaluate your marketing plan. Market research is something that can never be overlooked.

Learn about the market or niche you want to join. Examine your competition's strengths and limitations. Discover what grabs your audience's attention. Look for openings in your market that are only waiting to be found. Don't make rash decisions.

It has become much easier to start a small company. However, there are also many things that can cause a company to fail. Take these suggestions to heart and work tirelessly to get your company noticed. 

If you’re looking for a vibrant location on which to start your business, start and end your search at IFZA Dubai, which offers clients so much more than a Free Zone. IFZA Dubai is a community where businesses are motivated to create, inspired to succeed and enabled to become part of a dynamic ecosystem.  

Reach out to an IFZA Professional Partner today to explore how you can thrive at IFZA Dubai.

Why You Should Hire a Business Startup Consultant

 At almost every turn in life, having expert guidance often spells the difference between success and failure.

This is particularly true when launching a new company for the first time. Having someone to guide you through the steps and decisions that need to be made is very helpful. This is where business startup consultants come in. 

What Are Startup Advisors & Why Do You Require Them?

Consultants can assist any company at any point of development, including small business startup consulting. From independent startups to well-known multinational corporations, all profit from competent advisors.

These consultants are not permanent members of the management team; they are employed on a contractual basis. They work for you until you are able to do it alone. Their goal is to look at your company from the viewpoint of a seasoned outsider and offer impartial guidance on future trouble points, flaws, and liabilities.

What Services Do Market Startup Advisors Provide?

Startup advisors will assist the company in the following critical areas:

• Develop your business model and the structure around it.

• Learn how and when to raise funds to invest in your company or find extra seed funding.

• Achieving effective campaign strategies: advisors understand what works and what does not.

• Recruiting the right workers for your business.

• Business skills that include learning how to build an outstanding business model, developing a successful marketing strategy, and determining which marketing strategies can succeed.

9 Benefits Of Hiring Business Startups Consultants

Startup consultancy services provide unique and useful information to your company. They will impart knowledge and expertise such as:

1. Experience brings expertise and understanding. Rather than trial and error, depend on expert training. For example, a startup consultant can help you with the right approach to take to get a trade License in UAE. 

2. In-depth market analysis can help you analyze your target market. Each company has its own niche, which requires a unique marketing strategy. Startup advisors will show you how to do market research and how it will help your company grow. You would be capable of making strategic business choices based on consumer expectations and industry niche sector dynamics.

3. Environmental criteria details. This will have an impact on your company's plans, so having this knowledge would allow you to behave accordingly.

4. How to meet the distribution and earnings targets. It is important to consider statistics and strategic analysis in order to accomplish your objectives. Consultants will assist you in developing your product roadmap.

5. Making contact with prospective buyers or corporate partners. Consultants have industry contacts and can show you how to build your own network.

6. Management abilities, as well as the ability to efficiently communicate your vision and motivate others, are required. These skills, like business writing, must be learned.

7. Internet technologies and how to use them effectively. An IT consultancy startup specialist understands the realistic facets of developing your company's website, such as which tools to use and which services help social media marketing.

8. Maintaining your taxes as minimal as possible under the law. A tax accountant will show you which company expenses you can subtract and how.

9. You will be given sound advice on the right insurance coverage for your startup.

IFZA Dubai works through a growing global network of hundreds of business consultants in the UAE and around the world, across a variety of fields, from legal, business setup, accounting, and many others, and supports them through dedicated experts with up-to-date knowledge of the Free Zone industry in the UAE and competence building through the IFZA Academy.  

Contact an IFZA Professional Partner today to know more about IFZA and how you can start your business in one of the most dynamic Free Zones in the UAE.

How to Provide the Best Preparation for Breast Reduction Surgery

 There are numerous causes to think about breast reduction surgery. Maybe you have neck and back pain, have lately lost weight, or want to revitalize after birth and breastfeeding, among other things. Breast reduction surgery could be the answer! 

This surgical operation is a godsend for many women as breasts that are too big for your body could result in significant medical problems.

After you've had a meeting with a trained plastic surgeon and determined that breast reduction surgery is correct for you, the next move is to get ready for the procedure. Here are few pointers to help you prepare for this life-changing operation.

Get Your Health in Order

When doing every medical operation, you want to be in the best possible condition to expedite the healing and rehabilitation process. You must refrain from liquor and nicotine products in the days leading up to the treatment, and you will be subjected to a routine medical examination and monitoring to assess your general health. Many patients have a mammogram before breast reduction surgery and another afterwards to provide a benchmark for potential tests. You'll also be told to take blood-thinning medications like aspirin for two weeks before the surgery.

Plan for Downtime

Breast reduction surgeries are often done as an outpatient procedure, however, that doesn't imply it's unimportant. Several procedures are conducted under general anesthesia, which indicates you will be unable to drive yourself back afterwards. You'll need to make arrangements for a friend or family member to accompany you and drive you home, and you can expect to get someone to stay with you for 24 hours after surgery to provide assistance if required.

Inflammation, discomfort, and nausea are common after breast reduction surgery, and you can expect to be out of work for around 1-2 weeks to recover, but you may only require oral painkillers for 2-4 days. Many patients will resume their daily activities after a few days. Typically, you should stop strenuous exercise for 4-6 weeks following surgery, though this can vary greatly depending on how rapidly the body recovers.

Tips for Recovery

Since compression is an integral aspect of the healing process, you will be given a post-surgical support bra. This medical clothing not only keeps the breasts stationary, shielding incisions from pressure and infections, but it also facilitates circulation, which is essential for recovery. It doesn't have any underwires, which would interfere with sleep and regeneration, and it closes in the centre, meaning you won't need to struggle to get it on and off while you're sore.

Because you do not feel comfortable cooking or may have difficulty lifting heavy objects and going around for a few days, plan for efficient recovery by preparing food for many days' worth of balanced food, creating a convenient, centralized space in which you can relax and enjoy immediate access to washrooms, keeping needed medications in reaching distance, and bringing out loose, comfortable clothing.

If you're prepared to move to the next level with a breast reduction operation, contact Dr Koneru to arrange an appointment and get going.

6 Points to Consider Before Choosing a Plastic Surgeon

 By just doing your research ahead of time, you will improve your chances of having the best possible surgical encounter with the right plastic surgeon. You must know what is valuable to you.

We strongly advise you not to "price shop" or travel abroad for anything as important, long-lasting, and obvious as cosmetic plastic surgery. Learn how to prevent a failed surgical accident by doing analysis.

Below are 6 tips to help you find the right Plastic Surgeon for you

1. Choose The Right Surgeon

The first task in hiring a surgeon is to build a list of applicants. Not all medical professionals who practise cosmetic surgery are plastic surgeons or even have advanced surgical training.

2. Ask Your Friends For Referrals 

Several of patients have been referred to doctors through ‘word of mouth’ from their happy patients. If the surgeon is good, they will offer patients for follow-up treatments and additional services, which attests to our high level of care and visible outcomes. Even so, after you've got a name from a friend, it's a good idea to read online reviews.

3. Check With Your GP Or Renowned Hospitals 

For your operation, your GP or hospital will recommend you to an expert or licensed plastic surgeon. Each year, prominent doctors receive thousands of recommendations from GPs who feel they can offer an outstanding service to their patients.

4. Double-check The Surgeon's Credentials

Before coming to any conclusions, you should thoroughly investigate a surgeon's education, expertise, and qualifications. Credentials cannot guarantee a favourable result, but they will reduce the chance dramatically if you are deciding between a non-credentialed, less qualified surgeon and a genuine plastic surgeon.

5. Schedule An Initial Appointment 

At your appointment, you should be convinced, your concerns should be correctly answered, and you should be able to effectively decide whether or not to proceed with the procedure. Following a consultation, there is never any stress or commitment to continue with surgery. There is also a cooling-off cycle and a statutory delay period. During your appointment, you must ask all of your queries, and your surgeon must address all of your questions. Most significantly, the physician does not pressure you into making a decision.

6. Browse The Net Research On Plastic Surgery

You must be ready to make an educated decision about selecting a Plastic Surgeon now that you have all of the facts you need. These articles also provide vital details that you should be mindful of before scheduling plastic surgery.

If you’re looking for a good plastic surgeon in Texas, consider booking an appointment with Dr Koneru today. 

The Stages of Breast Augmentation Recovery

 Breast augmentation is among the most often done cosmetic surgery in the United States each year. Women normally seek this treatment to increase the size and appearance of their breasts. In this article we will go over all the stages of breast augmentation recovery that you should look out for. 

How Long Does It Take To Fully Recover?

In total, complete recovery from breast augmentation will take up to 6 weeks on average. Since every person is unique, consult with your board-certified plastic surgeon for details.

Let us just break down the healing process into steps so you can properly plan.

Acute Recovery:

This time is normally directly after the process.

Your breast will be covered, and you will be taken to the treatment bed, where you will most likely be groggy and exhausted.

At this stage, your surgeon can decide to administer a local numbing pain block to alleviate any discomfort and minimize your reliance on narcotics. This usually lasts for 12 hours.

You would need someone to take you back and stay with you overnight because you've just awoken from anesthesia.

The Initial  3 To 5 Days

The first three days after surgery are the most painful.

For the first three days after the surgery, the physician will advise you about how much to take antibiotics, muscle relaxants, or pain relievers.

Strong narcotic drugs should ideally be stopped within the first few days because they induce constipation and repeated use may result in a longer recovery.

Although certain patients express pain, the majority report tightness or muscle aches at this time.

This will manifest itself in the breasts, elbows, stomach, and back. A muscle relaxant, like Valium, is the most effective treatment for these effects. This experience goes away in 3 to 5 days for the majority of women.

You will also be given guidance about how to care for your incision, as well as what bra or clothing to wear.

It is normal to feel bruising, swelling, and mild bleeding at the wound. Contact the doctor if anything doesn't feel good.

1 Week

At this stage, you should only be experiencing minor pain that can be treated with over-the-counter drugs.

Within this time period, you can be seen by the physician, and most women are expected to restore light everyday activities. Women with desk jobs are normally able to return to work and travel. Many doctors recommend taking a few short walks 1-2 times per day.

Next Few Weeks

Throughout this time, you will begin to feel more like yourself and will be able to return to your normal routine.

Since the wound heals at a rate of 10% per week, several doctors do not suggest restarting an exercise regimen, particularly upper extremity based exercises, for at least 4-6 weeks after surgery.

Furthermore, patients with physically demanding occupations may be required to wait 3-4 weeks following their surgery before returning.

If you operate in a physically stressful workplace, you would need to be out of work for at least three weeks. You must even refrain from heavy lifting and strenuous athletic exercises such as hiking.

2 Months

In about 2 months, the doctor can evaluate your recovery and give you the all-clear to resume regular activities.

It is essential to strictly stick to your doctor's treatment orders in order for your breast implants to recover correctly and without complications.

Tips for Recovery

There are measures you must take to anticipate risks and further your healing experience. Before the surgery, make sure to address any questions you have with your doctor.

Follow your doctor's guidance about prescription dose and length, wear your surgical robes as directed, and avoid practices that your doctor recommends. Solicit assistance from friends and relatives. Prepare nutritious meals ahead of time and get the rest you need to recover properly.

Besides all of this, one crucial thing to consider that you recover properly is choosing the right surgeon. So, if you’re looking for a good plastic surgeon in Texas, consider booking an appointment at Dr Koneru today. 

Give The Gift A Mommy Makeover This Mother’s Day

 While becoming a mother is a blessing in and of itself, what motherhood can do to the body can be quite the reverse. With Mother's Day approaching, we believe that women who are dissatisfied with the impact of motherhood on their bodies should have a mommy makeover. A mommy makeover is the perfect Mother's Day present you might send to anyone or yourself, either you wish to gift yourself or a mom you know.

Motherhood’s Changes to the Breasts

Breast modifications are among the first adjustments that occur in the body as a result of motherhood. You may note a difference in the size and shape of your breasts throughout birth, breastfeeding, and after weaning. These modifications can range from minor to dramatic. Genetic factors, hormones, and weight losses and gains both play a role. Because of the increased milk production, your breasts will grow in size after your baby is born. Your breasts would be bigger than normal as long as you are breastfeeding.

Motherhood’s Changes to the Tummy, Thighs & Hips

Some modifications that develop in the body as a result of breastfeeding include changes to the belly. Since you are carrying your infant in your womb, your abdomen will extend significantly through birth. As a result, the abdominal muscles can feel less tense than they did before pregnancy. This is due to the fact that your muscles had to extend too much to support your growing boy. It is possible that the muscles will never return to their original location. Furthermore, you may note that your stomach surface is looser as a result of pregnancy. Not to say that your stomach can form persistent excess fat that is difficult to lose by exercise and diet only.

How Can a Mommy Makeover Help Breasts?

With the aid of a mommy makeover in Miami, you can say goodbye to your post-pregnancy breasts. Our cosmetic surgeon will work with you to decide if we can help your breasts keep their pre-pregnancy form. We have a few different therapies that will make your breasts look much younger. To begin, we will provide breast augmentation to return fullness to your breasts. Breast augmentation is a great place to proceed if you've always desired bigger breasts.

How Can a Mommy Makeover Help Abdomen & Stubborn Fat?

If you want to have an abdominoplasty as well as liposuction following your pregnancy, you will recover a flat stomach. Pregnancy causes stomach muscles to break and skin to become loose. We will repair this by scraping the extra skin and stitching the abdominal muscles back together. This will relieve the tightness in your neck.

To top it all off, we will do liposuction in the body to help you dissolve sticky fat deposits that you can't seem to get rid of. We will eliminate fat from the stomach, back, elbows, legs, and torso. Prepare to regain your pre-pregnancy body in no time!

Schedule a Consultation for a Mommy Makeover Today

Now since you understand what a mommy makeover will do for you, it's time to plan your Mother's Day gift. If it's for yourself or a beloved one, you should find a good cosmetic surgeon who is eager to make your wishes a reality. So, if you’re looking for a good surgeon for a mommy makeover in Texas, consider booking an appointment with Dr Koneru today! 

Your Guide to Understand NetSuite Pricing in 2021

 What licenses do I need to run Netsuite cloud ERP? What would the license and implementation cost me? Those are the questions that all of our prospects ask us. At Aarialife we know that you can’t take a cookie cutter approach to these questions, because every customer has different needs and has different user profiles within their organization. While NetSuite has some standard licenses available, as well as the ability to build your own custom solution, there are other ways to choose the right licensing option’s to fit your business needs.

While there are plenty of resources and information regarding Netsuite licensing available on the internet, most of it is dated. In this article, we will attempt to provide a comprehensive overview of the license pricing models, including a few tips along the way to save you a some bucks.

How Oracle NetSuite Pricing Works?

The Oracle NetSuite pricing structure is a little bit complex and involves a few moving parts-so much so that we’ve written an entire article that breaks down the costs of Oracle NetSuite by function and implementation model. (One important note: though the article focuses on Oracle NetSuite‘s pricing model for mid-to-large firms, many of the same principles apply to small businesses.) But, if you’re a small business owner just getting started with Oracle NetSuite, we’ve broken down the basics of the Oracle NetSuite pricing model into a few simple steps that will explain which costs you can expect to pay-even if you’re just using the software for one employee.

For many businesses, choosing an ERP system is like choosing a car. There are so many options, and each has its ups and downs. This is partly because companies are different, and partly because technology is always changing. So, how do you find the right ERP system for you?

First, it’s important to understand the basics of how Oracle NetSuite pricing works, including key terminology and the different options you have.

Oracle NetSuite license fees are very modular and depend on the user count and the specific functions (NetSuite calls them modules) you want to have in the system. This is unlike any other application where you are forced to buy all the features or a particular edition. The modularity of the licensing makes it very easy to start really small and then scale with additional functionality or user licenses.

While you budget the cost for your NetSuite deployment, you should consider the below 4 factors :

1. Netsuite License cost: This is the cost you pay directly to Oracle NetSuite to utilize their product. The cost of NetSuite License is subscription model-based yearly recurring and has to be budgeted for each year you plan to use the system. While you renew your licenses at the end of the contract term, there will be a certain price increase which is agreed upon while you sign your subscription contract during the initial term.
2. NetSuite implementation cost: This is a cost you will pay to your implementation partner for their professional services to configure the system as per your business processes. Your implementation partner will also do your data migration and train your users on how best the configured system can be utilized. It is important that the partner you work with follows proper implementation methodology and deployment model to achieve higher success for adoption.
3. NetSuite customization and integration cost: A lot of times, Oracle Netsuite partners will customize NetSuite system to meet your business needs. This might include creating custom records and automating them using code. You might also need to integrate NetSuite with a few of your 3rd party business systems using API’s. These services need very specialized skills and would cost you additional money.
4. NetSuite Post-implementation support cost: Once you implement the system, you would need someone to administer the system and ensure all the processes are running smoothly and your users are aware of how to use each function the correct way. You may decide to train a resource internally or hire a partner to support you for this activity. You might also want to enhance the system to achieve further automation and this adds to your costs.

Break down of Oracle NetSuite ERP License Pricing

Generally, you would find 2 approaches for user pricing of any software-as-a-service(SaaS) application: Named user and concurrent user. When you specifically talk of Oracle NetSuite they work on a named user pricing model.

The cost of a cloud based ERP solution is usually quoted in two ways. The first is the named user price, which is the rate paid per person during the term of the agreement. The second is the concurrent user price, which is the rate paid per user who is accessing the system at the same time.

Named user pricing: Named user pricing is, as the name suggests, a pricing model that bases the monthly price of a software package on the number of users who will be utilizing the software. This is in contrast to the per-seat pricing model, which is based on the number of licenses, or seats, that a company purchases. So in a named user arrangement, you will have to pay a cost per user who accesses the system.

Concurrent user pricing: Concurrent users are how many people, or “concurrent users,” you can have using your cloud solution at a given time.

NetSuite licensing costs can be broken down into three price components. We categorize Netsuite pricing as below:

• NetSuite Suite Cost: The foundation of NetSuite licensing is the cost of the Suite (Also known as the base price) which includes NetSuite Platform, Basic ERP features, Database cost, Desaster recovery cost, and the Infrastructure cost. Regardless of how many users you want to purchase, this licensing component is something you will always have to pay for. The cost of users and additional modules is always in addition to this basic cost you will have to pay.
• NetSuite User cost: Like any other software-as-a-service (SaaS)product Oracle NetSuite charges a per-user cost. This cost is incremental, as you grow and add additional user licenses to the ERP system. NetSuite categories the type of users as follows:
• Full user Access License: This user login license will by default have access to all the functionality of the system. He can be an Administrator or an inventory manager or a project manager. The rights are stripped down to the necessary requirements while user roles are created during the implementation process. You will need to buy at least one full access user to get started with. So if we have to break it down the minimum cost to procure a NetSuite subscription is the base price plus the cost of at least one user license. Rest all is something you can add-on when needed.
• Customer access license: These are licenses that are given by NetSuite for your customers to access your NetSuite system. Generally, Customer logins are free of cost but there is an advanced version of customer login which NetSuite charges for. In the basic version, Customers can access the Oracle Netsuite system to have a basic dashboard reporting and are able to place orders to your company for your product or service, see their account payables, can raise support tickets, or can manage their customer profile information. The advanced version which is paid, allows customers to perform payments from the login itself and provides a much-improvised user experience in terms of dashboard reports and look and feel.
• Vendor access License: NetSuite provides Vendor licenses free of cost. These are generally read-only access where vendors can view the orders placed and the status of their bills raised to your company. They can also see their accounts receivables. In case you purchase “Procurement management cloud services” which is one of NetSuite’s advanced models, the vendor login allows your vendors to bid for the vendor bids opened by your company. Many companies use this login to provide transparency to their vendors.
• Partner access License: Your partners are generally your extended sales arms. Netsuite provides a partner login license where your partners can log in and enter the leads and opportunities they are working on. This helps your company with real-time dashboard reporting, pipeline of your partners and also helps manage partner conflicts. Netsuite’s Partner login becomes a mini CRM for your partners to manage, leaders, deals, estimates, activities, and other marketing campaigns they are working on giving you complete visibility on your sales ecosystem.
• Employee access licenses (ESS): With Netsuite, you also have an option to purchase Employee access licenses. these are non-power users who can perform basic tasks like, entering timesheet data, raise purchase requisitions, create support tickets, and manage their calendar and tasks. These logins cost 25% of the full access licenses.
• NetSuite Module Cost: The final cost which you will have to keep in mind is the addon module cost of NetSuite. This is the price you pay for the additional functionality which you need for your industry-specific requirement. NetSuite module cost is a flat rate and does not increase with the number of users you purchase. Once you have the module it can be used by all the full access user licenses who are using the system.

Now, since we know that the formula to calculate NetSuite license (Base price + User cost + advanced module cost) we should also be aware of the editions that influence NetSuite price levels. Depending on your company size, Netsuite gives you 3 pricing options when it comes to choosing an edition. We have explained them below:

• Netsuite Limited Edition: Used for startups or smaller companies who would not need more than 10 full access users for their operations.
• NetSuite Mid-Market Edition: Used for mid-sized companies who would require more than 10 full access users for their operations.
• NetSuite Enterprise Edition: Used for companies who need more than 1000 full access users for their operations. Generally, these companies will have high transaction volume and utilize more infrastructure resources.

The difference between these 3 editions is very thin apart from a few restrictions on the add-on modules you can purchase. NetSuite allows you to scale/ migrate to the higher edition at any point in time if you feel the need to have those features. So as your business grows you can scale the application functionality without having to switch to a new software.

To give you an idea of how NetSuite categorizes its add-on modules we have listed below a few frequently used modules Industry-wise. In this article, we have not covered all the industries but broadly categorized them into Distribution, Manufacturing, and Services.

NetSuite modules for Wholesale and Distribution Companies

• Inventory management cloud services
• Demand planning cloud services
• Procurement management cloud services
• Financial Management cloud services
• Warehouse Management (WMS)

NetSuite Modules for Manufacturing Companies

• Inventory management cloud services
• Demand planning cloud services
• Procurement management cloud services
• Work order and Assembly cloud services
• WIP and Routing cloud services
• Financial management cloud services
• Warehouse Management (WMS)

NetSuite Modules for Services and Software Companies

• Project management cloud services
• Job costing cloud services
• Resource allocation cloud services
• Financial management cloud services
• NetSuite advanced revenue recognition and revenue management(ARM)

Although NetSuite has plenty of modules, the ones listed above are the ones that are mostly used by companies. Apart from this if you are an enterprise that has multiple subsidiaries (legal entity) you would need the Netsuite OneWorld module which helps you in group-level consolidation of your financials while allowing you to do intercompany transactions and eliminations. having such a system helps you to fuel your company’s growth.

The price for one full access user of NetSuite is USD 99/ month and the base module pricing starts at USD 999/ month. Each additional module is priced independently and I would suggest you reach out to one of the NetSuite partners to get the exact details of the module you would need and the pricing for those modules in your country. NetSuite also provides a handsome discount on its list price and you can reach out to us to understand how best we can optimize cost for your operations.

While you can reach out to NetSuite direct sales team for the purchase of license subscription, we recommend closely working with partners as they are the ones who would implement the system and would recommend the right modules required to run your operations on Netsuite’s business management software.

Break down of NetSuite Professional Services Pricing

As we mentioned earlier there are 3 components (Implementation, Customisation/integration, and support) to professional services which you would need to consume from a partner. Buying licenses is one part of your ERP journey. Implementing Netsuite with the right processes in place that suit your company is very important.

Partners generally charge you based on the modules you want to implement and the customizations or integrations which are needed to be in place. It is important that you and your management team understand that implementing an ERP is a joint effort between your organization and the partner company.

A Netsuite partner will be specialized in configuring and customizing NetSuite while they would need your team to support understand your business processes. The more you are in sync with the implementation partner you will be able to achieve a higher return on investment and lower total cost of ownership. It is important you select the right partner for your NetSuite implementation with who you feel comfortable.

Let’s now look at how the partner calculates the cost for their services.

Whether it is Implementation cost or cost for integration or customization, for a partner it is always the cost of resources plus his profit margins. Sometimes there are situations where the cost for certain services is higher (generally integration services cost more) as the risk of failure is high and you would need a senior resource to perform the activity.

This is the reason many companies prefer sourcing their projects to an Indian Netsuite Partner. Doing so helps them reduce their overall implementation cost by still maintaining a high quality of implementation.

How can you save on your NetSuite purchase costs?

There are many ways you can optimize your Netsuite’s total cost of ownership (TCO). This can be on the licensing side as well as the implementation side. Let us understand how this can be done.

Optimizing your cost on NetSuite Licence pricing:

Purchase industry-specific edition: As we know NetSuite is modular in nature and you can add modules based on the functionality you need. NetSuite pricing strategy also allows you to select specific industry editions which helps you to reduce the cost of purchasing individual modules.

Let us look at it with an example.

Suppose you are from a distribution industry. Your NetSuite ERP‘s license configuration would look like the this if you choose the independent modules.

You will pay for the base cost + additional modules fees + User license fees :

• NetSuite Mid-Market Edition (Base fee for the generic suite)
• This will include Sales force automation with quota and order management, Marketing Automation with campaigns with 12,000 campaign emails per year, Customer service management, Basic procurement management, Accounting and basic budgeting, Basic inventory management, Expense reporting, Advance, shipping, Business Intelligence with Real-time dashboards with key business metrics, Productivity tools including contacts/calendar/events 5 self-service users, 100 GB of file storage and platform to perform necessary customizations and integrations. You also get basic NetSuite Support as default but if you want NetSuite premium support you will have to pay an additional fee.
• NetSuite Inventory management cloud services (Add-on Module)
• This Inventory management add-on module gives you additional features to your basic inventory management where you can use Barcode, Serial numbers, Batch numbers with expiry, Manage landed cost, and perform warranty management.
• NetSuite Demand planning cloud services (Add-on Module)
• The Demand planning module helps you manage your inventory demand and supply plans and gives you the ability to perform Just In Time (JIT) operations.
• 1 Learning Cloud support pass (Optional self-learning pass)
• This is a learning pass where you have pre-recorded videos of how to use NetSuite. Depending on your business size you can use these videos to learn NetSuite features and how the administration can be done.
• NetSuite Full Access users (Users you want to purchase)
• These are simply the users you need who will access the system.

Instead of the above configuration if you go ahead with an industry-specific edition which is “NetSuite Wholesale Distribution Cloud Services” in this example, you would get the same configuration but at a lower cost.

Similar industry-specific editions of Netsuite are available for nearly every industry out there. You can reach out to the partner you are dealing with to optimize your license bill of material or simply connect with us and we would be happy to help.

The most popular Industry-specific editions are:

• NetSuite Wholesale Distribution Edition
• NetSuite Services Edition / Service resource planning (NetSuite SRP)
• NetSuite Manufacturing Edition
• NetSuite Retail Edition

Involve an Oracle NetSuite Partner: We strongly recommend working with a NetSuite partner to understanding which modules you need and which NetSuite modules you can purchase later. Sometimes NetSuite partners also negotiate with NetSuite on your behalf to get you the best discounts possible. Their earlier experience dealing with NetSuite defiantly helps get you the best discounts possible.

You should also be aware that you should only work with one partner and working with multiple partners puts your credibility at risk. NetSuite will not give you discounts or refrain from negotiating if you are dealing with multiple partners. So be sure to do your research well before you engage with any partner and stick to them throughout your procurement journey.

Optimizing your cost on NetSuite Professional services

The SuiteSuccess approach: The other option which can save you money is to go with NetSuite SuiteSuccess. This is the near preconfigured edition where processes and pre built dashboards are readily available based on industry experience NetSuite has. You will find built-in Business Intelligence and financial reports which might be enough to monitor your financial performance. This can save you some money in NetSuite Softwares development efforts.

The challenge with SuiteSuccess is that you will have to adapt to NetSuite defined processes and larger change management is required internally.

If you are a startup or a young company and you want to streamline your processes based on industry standards, SuiteSuccess might be a great option. But if you are a large company or have a complex business model, you should prefer the standard approach towards NetSuite Enterprise Resource Planning.

Prefer a Stairway approach: If your company is deploying an ERP for the first time you might want to consider a stairway approach for your initial implementation. A stairway approach allows you to implement the basics and then slowly adopt additional features around the system as your users get comfortable using the system.

You can start with one department and then buy additional user licenses and modules to cover other departments of your organization. This ensures that there is better adoption of NetSuite ERP across the organization and you see a reduced cost and higher utilization.

Prefer remote NetSuite implementation: Oracle NetSuite ERP is a cloud based system and can be implemented remotely. You do not need consultants in your office who get billed to you. You can go with a cost saving approach by preferring a remote implementation. The price of implementation is really reduced with this approach.

The best way to achieve this is to find a reliable partner in India having experienced ERP consultants (The resource cost are lower with good quality) even if you are in other parts of the world and get the implementation executed.

How NetSuite License Discounting work?

While you plan to purchase NetSuite licenses, it is your expectation that you get some discounts on the licenses you buy. NetSuite partners and NetSuite direct sales organization works closely with you to understand your expectations and provide a detailed pricing plan to reach a mutually agreeable discount.

You must note here that the NetSuite list price is global and there are discounts given region-wise. So if you are in an emerging market, the discount levels might be a bit higher than if you purchase NetSuite from a matured market.

The best thing about Netsuite discounting is that the discounts and payment terms that are agreed upon while you do your first license agreement are honored while you renew your subscription, purchase additional users or new modules to meet your growing needs.

Aarialife’s Partnership with Netsuite

Aarialife is a digital transformation and technology service company focused on providing NetSuite ERP solutions to its customers. With offices in multiple countries, Aarialife is an alliance partner to NetSuite in the United Arab Emirates (UAE) and a NetSuite solution provider partner in India, North America, and Canada. Aarialife’s professional services team helps customers like you to deploy NetSuite with the right project management practices, consulting services, and real-time project monitoring. Aarialife has done multiple successful implementations across the globe and has a pool of human resources with specialized skills.

About Oracle NetSuite

Oracle NetSuite is a cloud-based ERP for Fast-growing companies that was acquired by Oracle Corporation.

NetSuite is a single platform that combines functions, such as financials, Professional Services Automation (PSA), human capital management (HCM), enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), and business intelligence (BI) to provide real-time visibility in a single, integrated package. While there are a number of applications that NetSuite Platform can fulfill on its own, it is also designed to work with other, third-party tools.

Oracle NetSuite works with solution providers and business application experts to provide expert advice in various industry verticals to its customers.