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GreenhornGreenhorn licenses vs. Authenticated Sites

Would anybody shed some light on the pros and cons of using licenses vs. Authenticated Sites licenses?


We need to decide the option for a site which has following major objectives


1. Custom UI


2. Collaboration (chatter)


2. Data Entry into custom objects


3. Standard SF reports


5. Business logic & rules implementation


Three different parties will have access to the site with their own internal  users.


What would be the best licence to use (or combination)?





I don't believe there's any way to access reports for authenticated sites users.  


Guest User License will work