Magnatech

Magnatech

Cloud-based software for corporate travel management

About Magnatech

Simplify's Rating
Why Magnatech is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

1-10

Company Stage

N/A

Total Funding

N/A

Headquarters

Montreal, Canada

Founded

1990

Overview

Magnatech provides cloud-based software for corporate travel management used by travel management companies (TMCs) and corporate travel departments (CTDs) around the world. Its platform covers modules such as unused-ticket tracking, automated reporting, traveler tracking and automated risk messaging, workflow automation, quality control, pre-trip approval, automated file finishing, and document delivery with responsive itineraries and invoicing. The software is sold on a subscription basis, helping customers streamline operations, reduce overhead costs, and improve accuracy. With an international client base, Magnatech supports thousands of travel offices to manage high ticket volumes and deliver a seamless end-to-end travel experience. The goal is to boost operational efficiency, lower costs, and ensure reliable, compliant travel management by providing an integrated, cloud-based toolkit for TMCs and CTDs.

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Simplify's Take

What believers are saying

  • GlobalStar partnership expands duty-of-care offerings globally.
  • Link Travel Group alliance boosts travel management efficiency.
  • Subscription model serves TMCs on every inhabited continent.

What critics are saying

  • Amadeus AI automates Magnatech's workflows within 12 months.
  • TMC consolidation by Amex GBT shrinks customer base in 18 months.
  • Concur direct tools bypass TMCs, cutting demand in 12 months.

What makes Magnatech unique

  • Magnatech specializes in unused ticket tracking for TMCs worldwide.
  • OnQueue V3 launched December 16, 2024, with interactive itineraries.
  • Cloud workflows automate pre-trip approval and file finishing.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Mental Health Support

Paid Vacation

Paid Sick Leave

Remote Work Options

401(k) Retirement Plan

Home Office Stipend

Company Social Events

Company News

Travel Daily News
Dec 12th, 2024
Magnatech unveils OnQueue V3

MONTREAL, CANADA - Magnatech announce the release of OnQueue Document Delivery Version 3 (V3), launching on December 16, 2024.

PhocusWire
Sep 20th, 2024
Phocuswire'S Weekly Travel Tech News Briefs: Amadeus, Thayer Ventures, Sabre, Cloudbeds And More

Here's our roundup of the people, product and partner news from the global travel industry this week. Amadeus, IndiGoAmadeus, a leading global travel technology company, and. IndiGo, India’s largest airline, have announced a partnership to provide travel. sellers with access to the airline’s NDC content via the Amadeus Travel

Business Travel News
Sep 16th, 2024
GlobalStar Adds Duty-of-Care, Workflow Offerings with Magnatech Partnership

GlobalStar adds duty-of-care, workflow offerings with Magnatech partnership.

Travel Weekly
Sep 4th, 2024
Magnatech partners with Link Travel Group to enhance Travel Management efficiency

Magnatech partners with Link Travel Group to enhance Travel Management efficiency.

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Magnatech is Hiring for 2 Jobs on Simplify!

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