Magnetic logo

Magnetic

by Magnetic Software · Since 2010
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ActiveAvailable globallyCloud
Quick facts
VendorMagnetic Software
Year launched2010
StatusActive
Location17 Hanover Square W1S 1BN London
Countries servedGlobal
Languages1
Integrations2+
Free tier
Free trialYES
Contact sales

About Magnetic

Magnetic is a project management software from Magnetic Software that unifies project management, resource planning, time tracking, and invoicing for consulting firms and agencies. It combines finance management, project management, resource management, and timesheets so teams can manage their operations in one centralized platform. Magnetic lets users connect their favorite tools to simplify workflows and improve efficiency. The software supports comprehensive reporting, real-time tracking, and collaborative features to ensure teams are aligned and informed. Key capabilities: project management resource planning time tracking invoicing reporting Best for: consulting firms and agencies that need to manage multiple projects and resources efficiently.

Magnetic offers a comprehensive suite of features designed to streamline business operations and enhance productivity. The platform's project management tools allow users to manage the entire lifecycle of a project, from planning and estimation to tracking progress and invoicing. This helps businesses stay organized and ensures that projects are completed on time. Resource management features further improve efficiency by helping firms allocate resources wisely and avoid overloading team members, which results in a more productive and balanced work environment. Finance management capabilities provide essential tools for tracking financial performance, monitoring cash flow, and generating detailed reports on profitability. By helping businesses identify profit drivers and cost burdens, Magnetic enables better decision-making to enhance profitability and cut inefficiencies. The CRM and forecasting tools allow firms to manage customer relationships effectively while predicting future revenue streams, offering a complete overview of sales pipelines and client interactions. The platform's reporting and dashboard features present real-time data on project progress, resource allocation, and financial performance.

Pros & Cons

What users like
  • +All-in-one platform with integrated business functions.
  • +User-friendly interface.
  • +Real-time reporting and automation.
  • +Scalable for small startups to large enterprises.
  • +Free trial for new users.
What users flag
  • Limited free version (Solo plan).
  • Custom pricing for larger enterprises, which might be less transparent.

Features

Key features

Project Management
Streamlined project lifecycle management from scope estimation to invoicing.
Resource Management
Forecasting of resource needs and managing staffing across projects to prevent overload.
CRM & Forecasting
Tools to manage customer relations and sales pipeline with predictive forecasting.
Finance Management
Visibility into financial performance, enabling cost control and profitability tracking.
Reporting & Dashboards
Real-time performance data displayed in customizable dashboards for easy analysis.
Automation
Reduces manual tasks with automation, improving operational efficiency.
Time Sheets
Tracks time spent on tasks to help with billing and resource allocation.

Additional features

Project Management
Enables users to manage the entire lifecycle of a project, from initial planning and scope estimation to tracking progress and invoicing. It helps in organizing tasks, setting deadlines, and monitoring the status of projects in real-time.
Resource Management
Helps businesses forecast resource requirements and manage staffing efficiently across different projects. It ensures that resources are allocated properly and that no team member is overloaded with tasks.
Finance Management
Provides tools to track financial performance, monitor cash flow, manage budgets, and generate financial reports. This feature helps businesses identify profit drivers and cost burdens, making it easier to optimize profitability.
CRM & Forecasting
Assists with managing customer relationships and forecasting sales pipelines. It enables firms to keep track of client interactions, manage deals, and predict future revenue streams.
Reporting & Dashboards
Offers customizable dashboards that display real-time data and reports on various aspects of the business, including project progress, resource allocation, financial performance, and more.
Time Sheets
Tracks the time spent on tasks and projects by team members, allowing businesses to accurately monitor productivity and bill clients based on hours worked.
Automation
Reduces manual tasks by automating repetitive processes, such as report generation, task assignments, and notifications, improving overall efficiency.
API & Integrations
Allows users to integrate Magnetic with other software and tools they already use. The API makes it easier to connect with external systems for a more seamless workflow.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
1
Interface languages
16
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇳CNY🇨🇭CHF🇭🇰HKD🇮🇳INR🇸🇬SGD🇰🇷KRW🇸🇪SEK🇳🇴NOK🇩🇰DKK🇷🇺RUB

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