Deltek Maconomy vs Magnetic Comparison: Everything You Need to Know Before Choosing

Deltek Maconomy is an enterprise resource planning solution for project-based professional services organisations, offered by Deltek, the Herndon, Virginia-based provider of software for project businesses. Maconomy originated in Denmark and was acquired by Deltek in 2010, and it has since become one of the company's flagship offerings for architecture, engineering, consulting, advertising and marketing services firms. The product addresses the needs of organisations whose revenue depends on delivering projects profitably, requiring tight integration between project planning, resource management, time and expense capture, billing, financials and human resources, which generic ERP systems often handle poorly. Project management capabilities cover budgeting, estimating, work breakdown structures, progress tracking and earned value analysis, giving project managers real-time visibility into margins and forecasts. Resource management matches skills and availability to project demand, supporting better utilisation across teams and offices. Time and expense entry is available through web and mobile interfaces and feeds directly into project costing and billing, which supports multiple contract types such as time and materials, fixed fee and retainers, as well as revenue recognition in line with accounting standards. Financial management covers general ledger, accounts payable and receivable, multi-company and multi-currency operations, intercompany transactions and consolidation. Human capital features address employee information, skills, appraisals and workforce planning, while CRM and opportunity management link sales pipelines to resource planning. For marketing and advertising agencies, Maconomy includes job management, media and production workflows. Business intelligence and analytics provide dashboards and reports on profitability, backlog, utilisation and cash flow. Deltek Maconomy can be deployed in the Deltek cloud or on premises, and it integrates with other Deltek products and third-party applications. It is used by mid-sized and large professional services firms operating across multiple countries. Implementation is typically carried out by Deltek or partners. Pricing starts from around USD 100,000; there is no free trial and no permanently free version.