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Information accurate as of February 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.
Clickup is a powerful all-purpose tool. Magnetic is a project and profitability plaftom purpose-built for professional services firms that bill by the hour
Clickup excels at task management, customisation and flexibility, with a generous free plan and 1000+ integrations. But if you're a professional services firm tracking profitability per project, sending invoices, managing rate cards and monitoring over-servicing, Magnetic has these features built in.
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.
Connected Operations
Sales, project delivery, resources and financials connected in a single system
Single source of truth for projects and finances
No manual data transfer between tools
Single source of truth for your business
Automated handoff between departments
Profitability Focus
Understand project performance while work is happening.
Real-time project margins visibilty
Over-servicing alerts before it's too late
Revenue & capacity forecasting
Deal-level financial insights
Purpose-built features
Capabilities designed specifically for professional services teams.
Native invoicing connected to time tracking
Client rate cards & billing rules
Resource finder with skills matching
Industry specific workflows
All your questions, answered
What's the main difference between Magnetic and ClickUp?
Magnetic is a professional services automation (PSA) platform purpose-built for firms that bill clients for time and expertise, with native CRM, project financials, invoicing, and resource planning integrated into one system. ClickUp is a general-purpose project management and productivity platform designed for all types of teams and industries, with highly customizable task management features. The key difference is that Magnetic connects your sales pipeline to project delivery to billing in one unified workflow, while ClickUp requires templates, custom configurations, or third-party integrations to achieve similar financial tracking and billing capabilities.
Can ClickUp handle invoicing and client billing?
ClickUp does not have native invoicing capabilities. It offers invoice templates that you can customize and track, but you cannot generate and send invoices directly from ClickUp or automatically connect time tracking to client billing. Most ClickUp users integrate with third-party tools like QuickBooks, Xero, or FreshBooks for actual invoicing. Magnetic includes native invoicing that connects directly to time tracked on projects, allowing you to bill clients based on actual work performed without exporting data to another system.
Which platform is better for tracking project profitability?
Magnetic offers native, real-time project profitability dashboards that show you margins, budget consumption, and over-servicing risks as work is being done. This is core to the platform's design. ClickUp can track project budgets using custom fields and dashboards, but it lacks native financial management and profitability reporting. To achieve comprehensive profitability tracking in ClickUp, you typically need to integrate with external tools or build complex custom configurations using formulas and third-party apps.
Is ClickUp's CRM as robust as Magnetic's?
ClickUp offers CRM capabilities through templates that allow you to create custom pipelines, track deals, and manage contacts using its flexible task and view system. However, ClickUp's CRM is not a native, purpose-built module. Magnetic's CRM is designed specifically for professional services firms, with features like pipeline forecasting, deal-to-project conversion, and client rate cards that connect directly to billing and project delivery. If CRM is a primary use case, Magnetic offers deeper integration with the rest of your operations.
How do the pricing models compare?
Both platforms offer tiered pricing. ClickUp's Unlimited plan starts at $7/user/month (billed annually), while Magnetic's Essentials plan starts at £13/user/month (minimum 5 users). ClickUp's lower starting price makes it attractive for general project management, but professional services firms should consider the total cost of ownership including any additional tools needed for invoicing, profitability tracking, and resource planning. Magnetic's higher per-user price includes these capabilities natively, potentially reducing the need for multiple software subscriptions.
Which platform has better resource management?
Both platforms offer resource management capabilities, but with different approaches. Magnetic provides dedicated resource scheduling with capacity planning, skills-based allocation, and utilization dashboards designed for professional services firms who need to optimize billable time. ClickUp offers Workload view and resource management features (primarily on Business plan and above) that allow you to see team capacity and balance work. Magnetic's advantage is the integration between resource planning and project financials, so you can see both availability and profitability impact when making resourcing decisions.
See Magnetic in Action
Join hundreds of professional services firms that have already streamlined their operations with Magnetic. Start your free 14-day trial or book a personalised demo.
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