Logo of Magiq Finance

Magiq Finance

Website

Last updated on

Company health

Employee growth
10% increase in the last year
Web traffic
2% increase in the last quarter

Ratings

G2
4.0/5
(1)

Magiq Finance description

Magiq Finance is a cloud-based financial and business management software designed for local governments and public sector organizations. It offers a comprehensive suite of tools to manage all aspects of finance, including accounting, budgeting, procurement, and reporting. Magiq Finance helps organizations achieve a single, accurate view of their financial data, streamline processes, and improve decision-making. Its user-friendly interface and robust features make it a suitable solution for managing complex financial operations in the public sector.


Who is Magiq Finance best for

Magiq Finance is a solid choice for local governments and public sector organizations seeking a robust cloud-based financial management solution. We find the comprehensive suite of tools particularly beneficial for organizations striving for a single, accurate view of their financial data. With features tailored to the public sector, Magiq Finance simplifies compliance and enhances decision-making.

  • Great for large enterprises (1001+ employees) seeking a comprehensive financial solution. Also suitable for medium-sized organizations.

  • Specifically designed for local governments and public sector organizations, ensuring streamlined financial management and compliance.


Magiq Finance features

Supported

Single Cloud Financial Framework: Provides a unified platform for managing all financial data, offering real-time insights into expenditure, project costs, labor costs, debt, and revenue.

Supported

Real-Time Financial Insights: Magiq Finance provides real-time, accurate views of expenditure, project costings, labor costs, debt, and revenue.

Supported

Statutory Compliance Integration: Magiq Finance ensures compliance by integrating seamlessly with existing systems and adhering to all necessary statutory requirements.

Supported

Unified System Design: Magiq Finance offers a unified system design that ensures consistent management of financial data in one location. This provides real-time, accurate views of various financial aspects.

Supported

Single Source of Truth: Magiq Finance helps achieve a single source of truth by consistently managing all financial data in one place.

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Public Sector Focused: Designed specifically for local government and the public sector, offering tailored functionality to meet their unique financial management needs.

Supported

Simplified Compliance: Helps local governments and public sector organizations meet their financial and statutory compliance requirements within a user-friendly framework.


Magiq Finance alternatives

  • Logo of iWorQ
    iWorQ
    Streamlines local government tasks, managing permits, work orders, and assets.
    Read more
  • Logo of OpenGov Budgeting & Planning
    OpenGov Budgeting & Planning
    Modernize government budgeting, planning, and performance tracking.
    Read more
  • Logo of Workday
    Workday
    Streamlines HR, finance, and planning for smarter business decisions.
    Read more
  • Logo of Martus
    Martus
    Collaborative budgeting and reporting for clearer financial insights.
    Read more
  • Logo of Oracle Planning Cloud
    Oracle Planning Cloud
    Cloud-based budgeting, forecasting, and performance reporting for smarter finance.
    Read more
  • Logo of MuniLogic
    MuniLogic
    Streamlines local government operations, improves citizen engagement.
    Read more

Magiq Finance FAQ

  • What is Magiq Finance and what does Magiq Finance do?

    Magiq Finance is a cloud-based financial management software designed for local governments and public sector organizations. We find it offers a comprehensive suite of tools for budgeting, accounting, procurement, and reporting, providing a single, accurate view of financial data. It simplifies compliance and streamlines complex financial operations.

  • How does Magiq Finance integrate with other tools?

    Magiq Finance integrates seamlessly with existing systems, ensuring statutory compliance and a single source of truth for financial data. It's designed to work within the existing framework of local governments and public sector organizations. We find this focus on integration helps streamline financial processes.

  • What the main competitors of Magiq Finance?

    We find that Magiq Finance's main competitors include iWorQ, OpenGov, Workday, Martus, Oracle Planning Cloud, and MuniLogic. These alternatives offer similar functionalities for financial management, budgeting, and government operations.

  • Is Magiq Finance legit?

    Magiq Finance appears to be a legitimate option for government and public sector organizations seeking financial management software. It receives positive ratings, exhibits growth, and offers features tailored to this sector. We find that its focus on compliance and real-time insights is particularly valuable.

  • How much does Magiq Finance cost?

    I'm sorry, but pricing information for Magiq Finance is not available at this time. We recommend checking their website or contacting their sales team for the latest pricing details.

  • Is Magiq Finance customer service good?

    There are no customer service reviews available for Magiq Finance yet.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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