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Information accurate as of March 2026. Features and pricing may change. Please refer to each vendor's official website for the most current information. Comparison based on publicly available documentation and product information.
Switching is easy
Move to Magnetic without the Headache
Our onboarding team handles your data migration. Projects, contacts, and historical data move over cleanly so your team is productive from day one.
Guided data migration from ClickUp
Dedicated onboarding specialist
Team training sessions included
Up and running in weeks, not months
2 week
Average Setup
Typical setup takes 2-3 weeks, but we've had firms up and running in 1 week too.
100%
Data Migrated
We'll help you migrate data from your current systems
1:1
Onboarding Support
Dedicated onboarding teams ensure you're setup matches the way you work
Monthly
Free Training
Monthly free training for existing & new team members
Customer Stories
We’ve seen the value firsthand. Magnetic has helped us replace the noise of multiple tools with a single, reliable system that actually supports how we work.”
Billy Einkamerer
Managing Director, Exonic Solutions
Facts & Numbers
80%
Improvement in project visibility
Why professional service firms choose Magnetic
Professional services firms operate differently from internal project teams. They need to manage both project delivery and financial performance. Magnetic was built with these requirements in mind.
Margin protection
Stop over-servicing early and keep your projects profitable.
Over-servicing alerts and reporting at company, client, project, and user level.
Baseline budgets and variance tracking against actuals over time
Timesheet enforecement to ensure accurate data across the business
Real-time margin visibility from pipeline through to invoice
Profitability Focus
See how projects are performing financially before they're finished.
Real-time project margins visibilty
Revenue and capacity forecasting
Deal-level financial insights before a project begins
Profitability reporting by client, project, user and department
Deep financial controls
WIP, POs, revenue recognition and quoting tools build for professional services firms.
WIP management with 3 revenue recognition methods.
Live KPI monitoring
Purchase order management with supplier invoicing and spent tracking.
Personalised onboarding and monthly live training
All your questions, answered
What's the main difference between Magnetic and Basecamp?
They are different types of tools. Magnetic is a purpose-built PSA with CRM, project management, resource planning, time tracking, invoicing, and reporting in a single product. Basecamp is a project collaboration and communication tool built around to-dos, message boards, chat, and file sharing. For professional services firms that need to manage finances, track profitability, and bill clients, Magnetic covers that end-to-end. Basecamp is a good fit for small teams that need a simple, focused way to organise projects and communicate with clients.
Does Basecamp have financial features like invoicing or budgeting?
No. Basecamp does not include invoicing, project budgets, rate cards, expense claims, profitability tracking, or any financial management features. It is designed purely for project collaboration and communication. If you need financial visibility, you would need to add separate tools like Harvest, FreshBooks, or Xero alongside Basecamp. Magnetic includes all of these natively from the Pro plan (£17/user/month), so your project data and financial data are connected in one place.
Does Basecamp offer time tracking?
Basecamp added a Timesheet feature, but it is a paid add-on ($50/month) on the Plus plan. It is included on the Pro Unlimited plan ($299/month). The Timesheet lets you log time against to-dos and other items with a start/stop timer or manual entry. However, it does not include billable vs non-billable categorisation, timesheet approvals, timesheet locking, or a time-to-invoice flow. Magnetic includes native time tracking on all plans with approval workflows, billable/non-billable tracking, timesheet enforcement, and direct connection to invoicing.
How do the pricing models compare?
Magnetic uses per-user pricing: Essentials at £9/user/month (min. 5 users) includes CRM, project management, resource planning, and time tracking. The Pro plan at £17/user/month adds invoicing, expense claims, and accounting integrations. Basecamp's Plus plan is $15/user/month, and their Pro Unlimited plan is a flat $299/month for unlimited users. The flat-rate pricing can be attractive for larger teams, but Basecamp does not include financial features, resource planning, or CRM on any plan. When you factor in the extra tools needed to fill those gaps, the total cost often increases.
Which tool offers better customer support?
Both tools offer knowledge bases and email-based support. Basecamp provides 24/7/365 support on all paid plans and runs weekly live Q&A classes. Personalized 1:1 onboarding is only available on their Pro Unlimited plan ($299/month). Magnetic provides personalised onboarding, monthly live training sessions, and live chat support.
See Magnetic in Action
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