A solution built for visibility
Developing comprehensive financial plans and conducting accurate financial analysis is vital. You'll need to forecast revenue, budget expenses, and provide financial insights to support strategic decision-making. Balancing financial goals with client requirements, industry trends, and operational needs can be complex.
Maximising profitability while controlling costs is a significant challenge. Professional Services firms often operate on tight profit margins due to competitive pricing and client negotiations. You'll need to monitor project profitability, manage overhead expenses, and identify opportunities for cost savings without compromising quality or client satisfaction.
Evaluating financial performance and identifying key performance indicators (KPIs) is crucial. You'll need to analyse revenue streams, profitability, client acquisition costs, and other financial metrics to assess the overall performance.
Functionality to support your role
Magnetic is a comprehensive business software solution designed to meet all the necessary functionality requirements for project, resource, and finance management. With its robust features and intuitive interface, Magnetic empowers firms to streamline their operations and achieve maximum efficiency.
One of the core challenges faced by businesses is the delicate balance between maximising profitability and controlling costs. Magnetic addresses this challenge head-on by offering a range of tools to monitor project profitability, effectively manage overhead expenses, and identify cost-saving opportunities. With Magnetic, firms can ensure that quality and client satisfaction are never compromised, even while optimising their bottom line.
Tracking essential metrics such as margins, profitability, revenue forecasts, and client servicing levels is made seamless with Magnetic. Through its comprehensive reporting and analytics capabilities, you can easily access this critical information with just a few clicks. Magnetic empowers firms to make data-driven decisions, identify trends, and proactively address any issues that may arise.
In today's fast-paced business environment, staying informed with live data is crucial. You need real-time insights on opportunities, their progress in the sales funnel, projected closing dates, their value, and how they impact your current resource capacity. In other words you need a Pipeline Forecasting tool.
WHAT OUR CLIENTS SAY ABOUT US
Magnetic is very user friendly. I did not get formal training. I just got login details and I started exploring the system, and I did not face any challenges. The support is great and covers all areas of operations, i.e., cost estimates, jobs, reports, customers and suppliers. Like mentioned already, it is an all-in-one system that is easy to use. All is very clear. You can use the system for all including accounting, jobs, cost estimates. It’s a one in all system.
