Empower Your Business

NetSuite is a cloud based software solution that allows you to bring together all of your key business processes such as your accounts, customer management, eCommerce and stock management into one, easy to use piece of software.

Oracle Netsuite

Pay monthly for your NetSuite costs.

NoBlue has made it possible to pay monthly for NetSuite implementation and product licenses. By allowing customers to pay monthly, the upfront NetSuite costs are removed, making it a more manageable investment.

Here’s how it works

We will invoice you for implementation, and NetSuite will invoice you for your subscription licenses. Our chosen finance provider will then pay us and NetSuite directly, and you will pay the finance provider on a monthly basis.

Spread your NetSuite costs by paying monthly for product licenses and implementation services.

  • The cost of the implementation plus 3 years of annual subscription licenses can be financed.
  • The payment term is typically 3 years, but can vary based on individual requirements.
  • It is possible to finance the full amount plus VAT.
  • Eligibility criteria is available on application. Rates and terms may vary.

 

Example agreement

Here’s a typical payment plan with our finance option:

  • £22,000 implementation + £10,800 annual subscription licenses
  • Total cost over 3 years = £54,400
  • Monthly cost with finance option =  £1,810 per month for 36 months

(Please note all figures above are excluding VAT)

 

Tax advantages

There are tax advantages to taking out a lease agreement:

  • Assets remain off your balance sheet, which is the preferred method of financing for most UK businesses; keeping your debt-equity ratio low
  • One major advantage of leasing is that 100% of the rentals can be offset against your Corporation Tax

This means that often leasing will work out more cost effective than paying cash.

Example

£10,000 + VAT cash price

Cash: 

  • Payment in full due on demand or on credit terms.

Lease: 

  • One payment in advance followed by 35 payments of £330.00 + VAT
  • Weekly equivalent of £76.15
  • Corporation Tax Relief of £2,376.00*
  • Net Cost of Financing = £9,504.00.

 

*Assumptions are made about your company tax rate (assumed at 20% for this example). All figures are used for illustration purposes only. Please confirm your tax rate with your accountant and discuss how leasing will work for your specific business.

Explore NetSuite products that can fit your company.

For a number of years, we have been working with clients in a variety of sectors to develop their tailored solutions and manage their NetSuite implementations. Whether your focus is on accountancy, customer service, sales or stock levels, we can devise a solution to help run your business efficiently.