Automate is an extremely powerful application for MSPs to manage servers and workstations as well as automate tasks. Scripts can be designed and deployed for anything an engineer can think of. Instant remote access to workstations. Instant reporting on hardware and report building via "Searches".
Formerly used N-Able as monitoring system but it was not being updated at a proper pace. Automate surpassed it in regards to features and customizability. Automate allows remote access and Windows patching without purchasing additional licensing.
Automate does not really perform project management. It is an MSP tool for monitoring servers and workstations. It can be used to deploy software and scripts to assist with projects. In that sense, it could be a project tool, but it does not manage projects in any way.
Automate is a far superior software with more features built-into the application without extra costs. There is an annual convention designed around improving the usage of the software. MSPs are highly recommended to attend to get the most out of the software. It takes years before one can utilize the software to it's intended level.