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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.
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Best fit for small professional service firms.
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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.
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Magnetic has a free plan.
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Magnetic has a free trial.
Solo
Our SOLO plan is for a single user with basic project management, time.
Essentials
Everything in the Solo Plan + more.
Pro
Everything in the Essentials Plan + more.
Enterprise
Everything in the Pro Plan + more.
Magnetic alternatives
ProjectworksBetter for firms focused on software development, engineering, and architecture. G2 reviews praise ease of use and customer support. Projectworks has positive pricing sentiment and integrates with Xero and HubSpot.Read more
CogniSaaSBetter fit for enterprise SaaS companies focused on customer onboarding. Specifically designed for the software and IT industry, with a strong emphasis on customer success. Note that some users have reported performance issues.Read more
Contractor ForemanBetter for construction businesses. Higher rated by users. More expensive.Read more
TrelloBetter for visualizing projects with diverse views like Timeline, Table, Calendar, and Map. More customizable, adaptable to various workflows with integrations and automation. A broader appeal across diverse industries makes it a versatile Trello competitor. Ease of use is a key advantage, but scalability can be a concern.Read more
BloomBetter for freelancers and solopreneurs. More focused on client management and administrative tasks.Read more
RunnBetter for mid-sized professional services businesses. Has broader industry applicability including Finance, Education, and Media. Growing faster. Easier to use. Praised for intuitive interface and customer support. Offers free plan for smaller teams.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
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.
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.