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Magnetic

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Last updated on

Company health

Employee growth
20% increase in the last year

Ratings

G2
4.4/5
(10)

Magnetic description

Magnetic is a business management software designed for professional services firms of all sizes. It provides a single platform for managing projects, resources, and finances, including CRM, forecasting, time tracking, billing, and reporting. Magnetic aims to help firms improve operational efficiency, gain insights into financial performance, optimize resource allocation, and streamline workflows. It integrates with existing tech stacks and offers a range of features designed to enhance profitability and support business growth.


Who is Magnetic best for

Magnetic is a business management solution designed for small professional services firms to streamline operations, improve resource allocation, and gain financial insights. It offers project management, time tracking, billing, and reporting features, all within a single platform. Magnetic helps firms enhance profitability and support growth. With affordable pricing starting at £9 per user per month, it's a cost-effective choice for smaller firms.

  • Best fit for small professional service firms.

  • Ideal for professional services firms like marketing agencies and IT consultancies.


Magnetic features

Supported

Magnetic's CRM functionality helps manage client interactions, sales processes, and deal closures efficiently.

Supported

Magnetic provides accurate pipeline forecasting by analyzing deal values based on their stage and closing time.

Supported

Magnetic enables efficient time tracking and resource allocation to maximize billable hours and minimize overhead.

Supported

Magnetic's precise budget management tools track project hours against estimations, ensuring profitability.

Supported

Magnetic facilitates efficient project management throughout the entire lifecycle, from planning to delivery.

Supported

Magnetic provides a unified platform to manage all business operations, including finance, projects, and general operations.

Supported

Magnetic automates workflows to reduce manual tasks, allowing teams to focus on project execution.


Magnetic pricing

The commentary is based on 3 reviews from Magnetic G2 reviews.

Magnetic is praised for its comprehensive features and efficient workflow management. While some users find the full version costly, the consensus is that Magnetic's resource optimization and billing accuracy justify the investment for streamlined agency operations.

See the Magnetic pricing page.

  • Magnetic has a free plan.

  • Magnetic has a free trial.

Solo
Free

Our SOLO plan is for a single user with basic project management, time.

Essentials
£9

Everything in the Solo Plan + more.

Pro
£17

Everything in the Essentials Plan + more.

Enterprise
Custom

Everything in the Pro Plan + more.


Magnetic alternatives

  • Logo of KEBS
    KEBS
    Manage client work, projects, and billing in one central hub.
    Read more
  • Logo of Productive
    Productive
    Streamline agency operations, manage projects, and boost profitability.
    Read more
  • Logo of Scoro
    Scoro
    End-to-end work management for agencies: projects, sales, billing, reporting.
    Read more
  • Logo of Striven
    Striven
    Integrated business platform streamlining operations for smarter growth.
    Read more
  • Logo of BQE CORE
    BQE CORE
    Project management, time tracking, billing, and accounting, unified.
    Read more
  • Logo of Flowlu
    Flowlu
    Manage projects, clients, finances, and teams in one place.
    Read more

Magnetic FAQ

  • What is Magnetic and what does Magnetic do?

    Magnetic is business management software for professional services firms. It offers a single platform for managing projects, resources, and finances, including CRM, time tracking, and billing. Magnetic helps firms improve efficiency and gain financial insights. It integrates with existing tech stacks and offers features to enhance profitability.

  • How does Magnetic integrate with other tools?

    Magnetic integrates with existing tech stacks, but specific integrations are not explicitly listed in the provided data. Contact Magnetic directly for more details on product integrations.

  • What the main competitors of Magnetic?

    Alternatives to Magnetic include Projectworks, Runn, and Adjera, all catering to professional services firms. Rocketlane focuses on client-facing teams, while TPS Cloud Axis is tailored for accounting firms, and CogniSaaS targets enterprise SaaS onboarding and project management.

  • Is Magnetic legit?

    Magnetic appears to be a legitimate software option for small professional services firms seeking project management, resourcing, and financial tools. G2 reviews give it a 4.4/5 rating, indicating user satisfaction. Consider exploring user reviews for more in-depth insights into its safety and suitability.

  • How much does Magnetic cost?

    Magnetic's pricing includes a free Solo plan, Essentials plan at £9 per month, Pro plan at £17 per month, and a custom-priced Enterprise plan. Whether Magnetic is worth it depends on your specific project management needs and budget.

  • Is Magnetic customer service good?

    Magnetic's customer support is generally considered excellent. Users praise the helpfulness and responsiveness of the support team, particularly during onboarding and training. While the software is feature-rich, which some find initially overwhelming, the readily available customer support helps users quickly become proficient.


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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