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Magnetic vs. Workday Professional Services Automation

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Magnetic

    N/A
    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

    Workday Professional Services Automation

    Score8.2 out of 10
    N/AWorkday Professional Services Automation automates the Opportunity to Cash process, connecting HCM and ERP data to match the right talent to projects, reducing manual errors and revenue leakage.N/A
    Pricing
    MagneticWorkday Professional Services Automation
    Editions & Modules
    Solo
    $0
    Essentials
    $10
    per month per user
    Pro
    $22
    per month per user
    Enterprise
    Contact Sales
    No answers on this topic
    Offerings
    Pricing Offerings
    MagneticWorkday Professional Services Automation
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeOptionalNo setup fee
    Additional Details20% discount available for annual billing.
    More Pricing Information
    Community Pulse
    MagneticWorkday Professional Services Automation
    Considered Both Products
    Magnetic
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    96%
    Would buy again
    23 Answers
    Delivers good value for the price
    No answers on this topic
    100%
    Delivers good value for the price
    16 Answers
    Happy with the feature set
    No answers on this topic
    100%
    Happy with the feature set
    24 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    100%
    Lived up to sales and marketing promises
    6 Answers
    Implementation went as expected
    No answers on this topic
    91%
    Implementation went as expected
    10 Answers
    Best Alternatives
    MagneticWorkday Professional Services Automation
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    Score7.7 out of 10
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    Score7.7 out of 10
    Medium-sized Companies
    Workday Professional Services Automation
    Score8.2 out of 10
    Planview AdaptiveWork
    Score8.8 out of 10
    Enterprises
    Planview AdaptiveWork
    Score8.8 out of 10
    Planview AdaptiveWork
    Score8.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    MagneticWorkday Professional Services Automation
    Likelihood to Recommend
    -
    (0 ratings)
    8.1
    (24 ratings)
    Usability
    -
    (0 ratings)
    6.0
    (1 ratings)
    Support Rating
    -
    (0 ratings)
    5.0
    (1 ratings)
    User Testimonials
    MagneticWorkday Professional Services Automation
    Likelihood to Recommend
    Magnetic
    No answers on this topic
    Workday
    If you are a company with very little administrative or IT staff that can be dedicated to run, train, and launch - this is the perfect tool for you because it requires very little on the set up end and training. It looks like a social network so a platform many are already used to seeing. Its definitely a very powerful product with an easy interface, providing a stellar customer experience
    Incentivized
    Read full review
    Pros
    Magnetic
    No answers on this topic
    Workday
    • Very fast authentication
    • Page uploads are reliably compete with pre filled and carried forward data elements.
    • Easy to employees to navigate from one app to the other so they can be efficient in achieving success an ls completing imp tasks.
    • Screen organization and menu choices flow intuitively and the processing behind the scenes follows the logic users expect.
    Read full review
    Cons
    Magnetic
    No answers on this topic
    Workday
    • Would like to be able to use it for clocking in and out
    • The dashboard user interface could be improved to include more pertinent information
    • Would be nice to hide features that we use other applications for (i.e. org chart, pay, expenses)
    Incentivized
    Read full review
    Usability
    Magnetic
    No answers on this topic
    Workday
    As noted, good tools that allow faster development. Dev teams find it is easy to test things out and demo for business users
    Read full review
    Support Rating
    Magnetic
    No answers on this topic
    Workday
    With workday support options, I would like to see a more immediately responsive response option. Possibly a chat or a responsive email response team would be helpful.
    Incentivized
    Read full review
    Alternatives Considered
    Magnetic
    No answers on this topic
    Workday
    I was not on the selection team for Workday Profession Services Automation; it was the HR system used by our parent company. However, I have had several opportunities to work with Workday in other HR roles, and have also worked extensively with Oracle products. Workday Professional Services Automation seems more dynamic than the Oracle Suite I've utilized in the past.
    Incentivized
    Read full review
    Return on Investment
    Magnetic
    No answers on this topic
    Workday
    • While I don't use the program at a high-level I can see the time-saving effectiveness for administrators.
    • By giving a self-serve interface I feel in control of my pay/benefit management.
    • Less time spent on HR administration frees up bandwidth for helping colleagues.
    Incentivized
    Read full review
    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.

    Workday Professional Services Automation Screenshots

    Screenshot of Workday Professional Services Automation Create QuoteScreenshot of Workday Professional Services Automation CRM DashboardScreenshot of Workday Professional Services Automation Opportunity DashboardScreenshot of Workday Professional Services Automation Services Catalog