Magnetic vs. Teamwork.com

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Magnetic
Score 0.0 out of 10
Small Businesses (1-50 employees)
Magnetic is a workflow management platform designed and built for professional services firms. It combines essential project management capabilities into a single system: account management, business development, task management, project management, project finances, time tracking, billing, HR management and resource scheduling. Magnetic is designed to help businesses waste less time, manage projects smarter, and deliver on time and within budget. The system offers a bird’s eye…
$0
Teamwork.com
Score 8.9 out of 10
N/A
Teamwork.com is a project management platform built specifically for client work. The platform helps users deliver work on time and on budget, eliminate client chaos, and understand profitability. Teamwork.com’s customers track and manage their projects with a suite of integrated solutions such as helpdesk, collaboration, knowledge sharing and customer relationship management add-ons, enabling Teamwork.com to be the ‘one-stop shop’ solution for business owners. Headquartered in Cork,…
$13.99
per month per user
Pricing
MagneticTeamwork.com
Editions & Modules
Solo
$0
Essentials
$10
per month per user
Pro
$22
per month per user
Enterprise
Contact Sales
Deliver
$13.99
per month per user
Grow
$25.99
per month per user
Free Forever
Free
Up to 5 users
Scale
Contact sales team
Offerings
Pricing Offerings
MagneticTeamwork.com
Free Trial
YesYes
Free/Freemium Version
YesYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalOptional
Additional Details20% discount available for annual billing.A discount is offered for annual billing.
More Pricing Information
Community Pulse
MagneticTeamwork.com
Features
MagneticTeamwork.com
Project Management
Comparison of Project Management features of Product A and Product B
Magnetic
-
Ratings
Teamwork.com
9.3
Ratings
19% above category average
Task Management00 Ratings10.00 Ratings
Resource Management00 Ratings10.00 Ratings
Gantt Charts00 Ratings9.00 Ratings
Scheduling00 Ratings10.00 Ratings
Workflow Automation00 Ratings9.00 Ratings
Team Collaboration00 Ratings10.00 Ratings
Support for Agile Methodology00 Ratings9.00 Ratings
Support for Waterfall Methodology00 Ratings9.00 Ratings
Document Management00 Ratings9.00 Ratings
Email integration00 Ratings9.00 Ratings
Mobile Access00 Ratings9.00 Ratings
Timesheet Tracking00 Ratings9.00 Ratings
Change request and Case Management00 Ratings9.00 Ratings
Budget and Expense Management00 Ratings9.00 Ratings
Professional Services Automation
Comparison of Professional Services Automation features of Product A and Product B
Magnetic
-
Ratings
Teamwork.com
3.8
Ratings
66% below category average
Quotes/estimates00 Ratings1.20 Ratings
Invoicing00 Ratings1.20 Ratings
Project & financial reporting00 Ratings8.00 Ratings
Integration with accounting software00 Ratings5.00 Ratings
Best Alternatives
MagneticTeamwork.com
Small Businesses
Teamwork.com
Teamwork.com
Score 8.9 out of 10
Stackby
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Score 9.0 out of 10
Medium-sized Companies
Teamwork.com
Teamwork.com
Score 8.9 out of 10
InEight
InEight
Score 8.3 out of 10
Enterprises
Planview AdaptiveWork
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Score 7.4 out of 10
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Score 8.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MagneticTeamwork.com
Likelihood to Recommend
-
(0 ratings)
10.0
(0 ratings)
Likelihood to Renew
-
(0 ratings)
10.0
(0 ratings)
Usability
-
(0 ratings)
9.1
(0 ratings)
Support Rating
-
(0 ratings)
8.8
(0 ratings)
User Testimonials
MagneticTeamwork.com
Likelihood to Recommend
No answers on this topic
Teamwork is awesome for teams who need a flexible tool that supports all types of projects. Since it supports kanban it makes visualizing the work to be done and the work in progress very easy. The Gantt chart support is decent and helps to understand how a team is doing when it comes to getting work done in a given time frame. Teamwork isn't a great option for companies that have a bunch of projects going simultaneously due to the way Teamwork structures their billing based on a number of active projects.
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Pros
No answers on this topic
  • I am a believer that simple and easy should be the key to create great opportunities.
  • Teamwork has helped me to turn simple task management into the execution of large, massive projects.
  • It has certainly worked great in helping to maintain workflow in my department.
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Cons
No answers on this topic
  • Visualization needs to be improved, charts graphs are limited
  • Value stream mapping should be available to determine and prioritize the work.
  • Documentation should be available stepwise with export and printable facility.
  • It should be configurable like ERP with cross functionalities of different users, where users login, assign and approve the work, job or project details, where it should be collectively effected on a project.
  • Add many examples, little more AI, Machine learning required for suggestion and recommendation. It would be a plus point
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Likelihood to Renew
No answers on this topic
We are already at an annual contract, and have been for the past 5 years; so far the system has delivered, and our personal is already trained in it. A major overhaul of our entire infrastructure (as in moving everything to a single, unified platform) might change the current continuity of Teamwork Projects on our organization, but that's not feasible in the near future.
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Usability
No answers on this topic
The web based user interface is familiar, flexible (boards, task lists, and Gantts) and feature-rich. It is simple enough for the beginner to be effective and robust enough for experienced users to gain efficiencies with advanced techniques. Reporting is intuitive and can be customized for transfer via email or to paper. Great interoperability with other tools make teamwork dependable and a good partner for the overall technology stack.
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Support Rating
No answers on this topic
The support service provided by Teamwork is excellent, and one of the best I've experienced. This is for the following reasons: (1) The speed at which they respond to queries I raise (2) The depth of understanding they have of the product (3) The way in which they are able to understand my questions without needing me to re-explain (4) The quality of the documentation available online (5) The openness they express about current issues and downtime
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Alternatives Considered
No answers on this topic
I spoke about this quite a bit before, but as far as usability goes, Microsoft Projects is totally useless for me, so I avoid it at all costs. Basecamp was just a task management app and had very small feature set beyond that. We had to rig it to do other things for us, but it failed at that. Asana was a very nice app to trial, but it lacked many of the features that we were looking for.
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Return on Investment
No answers on this topic
  • Overall, it keeps our team on track ensuring that all of our projects are on time and on budget, which definitely contributes to our retention rates.
  • It ensures that we're tracking time on billable tasks which contributes directly to our bottom line.
  • Teamwork Projects also helps us better forecast when a clients project can be completed (alongside the other work our team needs to accomplish) AND it helps us more accurately quote projects in the future because we have historical time tracking data saved.
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ScreenShots

Magnetic Screenshots

Screenshot of the Project Dashboard, which is logically divided into 3 sections:

Budget
For tracking how a project is performing against what was agreed upon with the client, as well as key KPI’s such as Net Margin and Gross Margin.

Scheduling
Magnetic will predict if a project is going over- or underservice. Through key metrics such as Estimate to Complete and Estimate at Complete, Magentic helps users to understand if a project is going to be on or off track.

Financials
Displays projects’ financial performance through key financial indicators such as Actual Net/Gross Margin, un-billable work and supplier purchases.Screenshot of the navigable Resource Capacity dashboard in Magnetic, where users can apply filters based on department, position, or line manager. It provides instant visibility into available capacity, booked capacity across billable and non-billable work, opportunities, and leave time.Screenshot of the profitability dashboard financial tool, that offers a concise and real-time overview of a company's financial performance. It consolidates key metrics, providing a snapshot of revenue, costs, and profit margins. Customizable filters and dynamic charts enable stakeholders to analyze specific aspects of any business, fostering informed decision-making.Screenshot of Magnetic's comprehensive dashboard, providing tools to monitor and manage client engagements.

This helps users to stay informed and in control through Magnetic's interface, using valuable insights into a projects and client relationships for improved efficiency and client satisfaction.Screenshot of Magnetic's Revenue Forecast, used to monitor billings, monitor budgets for open projects, and factor in potential revenue from upcoming opportunities. With real-time tracking and analysis capabilities, Magnetic helps to drive informed decisions.Screenshot of customisable templates used to create precise cost estimates and time plans. This helps to ensure accurate client quotes and allocate tasks with optimal timings, maximising productivity and project success.

Teamwork.com Screenshots

Screenshot of Project's viewScreenshot of Task viewScreenshot of Board viewScreenshot of Project's tabScreenshot of Calendar view