4.5
on G2 and Capterra
One platform to run & grow your professional services firm
Magnetic gives professional services firms real-time visibility into margins, utilisation and pipeline in one system.
One platform. More profitable projects
Magnetic brings your entire operation into one place: sales, delivery, resourcing and finance, so your team can move faster, stay aligned and protect profit at every stage.
Plan ahead with a clearer revenue forecast
Track leads and opportunties from first contact to close, using deal values and win probabilities to forecast the revenue you can expect.
keep projects on track and within budget
Manage tasks and deadlines alongside project budgets, so you can track progress and compare actual delivery costs with what you had planned.
Schedule work around your trams capacity.
Find people with the skills and availability each project needs, then balance workloads with a clear view of capacity and utilisation.
Keep project costs and billing connected
Manage expenses, prepare invoices and track what's been billed with financial details projects your team is delivering.
Capture billable time with less admin
Log time against project tasks, seprate billable and non-billable hours, and give managers a clear record to review and approve.
See how your business is perfoming in real time
Use reports and dashboards to understand revenue, utilisation and project margins, with sales, delivery and finance data in one place.
Keep work progressing with fewer manual steps
Set up rules to send notifications and request approvals when work is created or updated, reducing the routine admin your team handles.
Manage the whole project, from initial quote to final invoice
Magnetic turns signed opportunities into projects, with the agreed scope and budget ready for your team to use. Scheduling, delivery, costs and billing stay connected as work progresses.
A signed opportunity becomes a project
When an opportunity is signed off, Magnetic automatically creates the project with the agreed scope, budgets and tasks. Your team can use those details to plan the work, so what was approved by the client stays connected to how the project is delivered.
- Automatic Setup
- Scope & Budget
- Project Tasks
Book the people needed to deliver the project
Use the project budget to plan the roles and hours you need. Check availability before booking the team, with billing rates included in the schedule. Those bookings stay linked to the project so you can compare planned hours with time logged.
- Team Availability
- Scheduled Hours
- Billing rates
Manage the work and track project costs
Assign tasks, manage deadlines and track progress against the project plan. As your team records time, expenses and purchases you can compare actual costs with the budget and see your margin in real time.
- Logged hours
- Expenses
- Purchases
Create the invoice from approved time and expenses
Use approved time and the client's agreed billing terms to automatically generate the invoice from the project, then sync it with your accounting tool without having to enter the same billing details in both systems.
- Approved time
- Billing terms
- Sync to Xero, Sage or Quickbooks
Use the results to plan your next project
- Actual hours help you estimate similar work
- Costs and margin guide future pricing
- Utilisation helps you plan team capacity
Manage your firm with fewer tools and better visibility
Magnetic unifies your entire workflow, replacing 5+ tools with one integrated platform that teams actually enjoy using.
Nothing matches that yet. Ask us about it in a demo.
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Get answers from your firm's data without building a report
Maggie is the AI assistant inside Magnetic. Ask about projects, time, people or margins and get instant answers from your live data, within your existing access.
Which projects are over budget this quarter?
Three projects are tracking over budget this quarter. Here is the breakdown:
Built for every kind of professional services firm
Agencies
Run retainers and projects together, with over-servicing in view as work happens.
See which retainers are over-serviced this month
Turn a won pitch into a project in one click
Check margin by client before the next renewal
Consulting
See margin and hours against budget on every engagement.
Compare margin by client, engagement and consultant
Forecast revenue from pipeline and capacity
Log change orders against the statement of work
Engineering
Keep multi-phase projects, people and budgets aligned from pipeline to invoice.
Split a project into work packages, each with its own budget
Tie purchase orders to the project budget
Record every variation with its cost and approval
Architecture
Track fees, resourcing and budget stage by stage, from concept to completion.
Bill one stage as fixed fee and the next as time and materials
Track fees against budget for every stage
Recognise revenue on long projects by percentage complete
In-house teams
Capture requests, plan capacity and show stakeholders what your team delivers.
Key features
Use it to
Show the business where your team's time goes
Charge work back to departments at cost rates
Check capacity before you say yes to a new request
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