As the year wraps up, we’re reflecting on the challenges and wins that shaped 2024 at Magnetic. This year we’ve been laser-focused on simplifying workflows, tackling complex projects, and helping businesses unlock profitability—without burning out their teams. This year, we: ✅ Streamlined how teams track time and resources. ✅ Launched tools that make managing projects effortless. ✅ Helped businesses uncover hidden profits. To our clients, partners, and team—thank you. Your trust and feedback inspired us to think bigger, push boundaries, and deliver tools that make work smarter and more rewarding. Here’s to an even brighter 2025—together, we’ll achieve smarter work, more profitable projects, and even bigger wins.
Magnetic Software
Software Development
Magnetic is an all-in-one workflow management platform designed and built for Professional Services firms
About us
Magnetic is an all-in-one workflow management platform designed and built for Professional Services firms. It combines all essential project management capabilities into a single easy-to-use system: account management, business development, traffic management, project management, project finances, time tracking, billing, HR management and resource scheduling. We designed Magnetic to help companies waste less time, manage projects smarter, and deliver on time and within budget. The system offers a bird’s eye view into your business from anywhere, at any time. From key sales metrics to instant profitability reports, resource availability and time allocation, you’re able to track multiple areas of your agency at any moment.
- Website
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https://www.magnetic.app
External link for Magnetic Software
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2010
- Specialties
- Project Management, CRM, Business Process Consulting, and Agency Experts
Products
Magnetic Software
Professional Services Automation (PSA) Software
Magnetic is an all-in-one workflow management platform designed and built for agencies. It combines all essential project management capabilities into a single easy-to-use system: account management, business development, traffic management, project management, project finances, time tracking, billing, HR management and resource scheduling.
Locations
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Primary
17 Hanover Square, London, W1S 1BN
London, W1S 1BN, GB
Employees at Magnetic Software
Updates
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🚀 Magnetic 2.2.1 is Live! We’ve just launched the latest version of Magnetic, and it’s all about making your workflow faster, simpler, and smarter. Here’s a sneak peek of what’s new: 🧾 Better support for time/material based projects – Invoice project costs easier. ⏰ Cleaner Timesheets – Design enhancements for easier time tracking. ✅ Ziflow Integration – Simplify proofing and approvals right inside Magnetic. 🗓️ Leave Accruals – Magnetic now supports Leave Accrual. 📊 Improved Recon Reports – Better visibility and clearer insights. 💡 Coming Early 2025: A powerful new Team Scheduler with drag-and-drop features and advanced resource planning! Want all the details? Read the full blog to dive deeper into what’s new and how these updates will make your life easier! 👇 https://bit.ly/3BqjucN Your feedback drives everything we do—let us know what you think!
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🌟 Client Success Spotlight: Spur Corporation 🌟 How does a powerhouse like Spur Corporation keep their teams aligned, streamline operations, and maintain profitability across a vast network of restaurants? The answer: Simplified, smart project management. By adopting Magnetic, Spur Corporation transformed the way they manage workflows, communication, and project tracking. From reducing inefficiencies to gaining real-time visibility, they unlocked the secret to scalable success. Results that speak volumes: ✅Increased project transparency ✅Smarter resource allocation ✅Enhanced cross-team collaboration Curious how we made it happen? Read the full story here: Whether you're managing a single agency or a large corporation, the right tools make all the difference. Let's talk about how we can help you achieve the same success.
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The latest from Magnetic is here! New insights on project management, CFO tools, and a powerful success story from Spur Corporation. Plus, don’t miss our upcoming profitability event! 👇 Read it now for expert tips and more.
What's New at Magnetic | September 2024
Magnetic Software on LinkedIn
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Magnetic Software reposted this
Growth gets all the hype. Everyone’s chasing it, measuring it, and popping out the champagne when celebrating it. But here’s the thing—what if growth isn’t the end goal? What if prioritising profitability first is actually the smarter move? We’ve seen businesses pour everything into scaling—hiring fast, launching new services, expanding into new markets. But without a solid focus on profitability, it’s like running a marathon with no finish line. You get further, but are you really getting ahead? Here’s where the shift happens: Be selective with clients Every client might add to revenue, but not all of them boost profitability. Say yes to work that aligns with both your business expertise (and if you haven't defined that make sure you do), financial and creative goals. Track the right metrics Growth is nice, but what are your margins looking like? Monitor profitability as closely as you would monitor revenue. Know your numbers inside out. Optimise workflows Creative businesses are notorious for overcomplicating things. Streamline your processes, automate where you can, and cut out the fluff. Growth is good, but profitability is what sustains you in the long run. Oh, and finally… get some business software that ensures you can measure your margins.
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Engineers, we know precision is key. But without real-time insights, even the most well-constructed plans can fall apart. Real-time project tracking changes the game. It ensures that from resource management to budget tracking, every detail is accounted for, keeping projects on schedule and preventing costly surprises. In our latest blog, we break down: 🕒 How real-time tracking keeps your projects on track 💬 Why early issue detection is critical for success 🔍 How it supports resource management and decision-making Check it out to learn more 👇 #Engineering #ProjectTracking #ProjectManagement
The Importance of Real-Time Project Tracking in Engineering | Magnetic
magnetic.app
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"Doing the same thing over and over and expecting different results is the definition of insanity." Einstein wasn’t wrong—and when it comes to recurring business issues, that quote hits the nail on the head. Too often, businesses apply quick fixes to problems, only to find themselves back in the same situation later on. That’s where Root Cause Analysis (RCA) makes the difference. Instead of putting band-aids on symptoms, RCA digs deep into the real cause, helping you solve problems for good. Tired of applying temporary fixes? Check out our latest blog post to learn more about how RCA can make lasting improvements to your business processes 👉https://bit.ly/4dZi5bd #ProblemSolving #RootCauseAnalysis #ProjectManagement
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It’s easy to say, “Just keep the project scope tight,” but scope creep is rarely that straightforward. It often sneaks up through a series of seemingly minor changes—a quick feature adjustment here, a small extra request there. Each one feels manageable in isolation, but together they can snowball, turning a well-scoped project into a logistical headache. What’s often missed is that scope creep doesn’t just affect timelines—it hits your business on multiple levels. Resources that were perfectly allocated now feel stretched thin, leaving teams scrambling to deliver on an ever-expanding project. Deadlines that once seemed feasible become moving targets, causing friction with clients and damaging trust. But the real cost? It’s the erosion of profitability. As projects balloon, the additional work often goes unaccounted for in the budget. You end up delivering more than agreed without seeing any additional revenue, and worse, your team is exhausted and overextended by the end. The key isn’t just saying “no” to every new request. It’s about having proactive systems in place—clear communication from the outset, regular check-ins, and a process for evaluating changes without derailing the entire project. Scope creep doesn’t announce itself—it sneaks in quietly. Want to have a chat about how Magnetic can help? Lets Talk 👉 https://bit.ly/3MFPZWI #ProjectScope #AvoidScopeCreep #OnTimeAndOnBudget #SafeguardYourProjects
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Ever wondered what our dev team is up to? Here’s a sneak peek at the latest innovations coming your way: ✨ Team Scheduler Revamp: Say hello to a more intuitive and efficient way to handle your team’s workload. ✨ Task Management 2.0: Now you can assign tasks to multiple team members with precise time allocations, making collaboration smoother than ever. ✨ Find a Resource: Instantly match the perfect person to the perfect task based on skills and availability—no more guesswork! ✨ Unassigned Tasks, Reimagined: Easily manage tasks and resources even before you’ve locked in who’s doing what. Read more about the updates here 👉 https://bit.ly/4e9bISf #MagneticApp #BehindTheScenes #ComingSoon