Magnit VMS vs WorkMarket
Magnit VMS
magnitglobal.comWorkMarket
workmarket.adp.comSide by side
| Figure | Magnit VMS | WorkMarket |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 1 | 1 |
| Spec score · Contractor Management Software | 8.1 (#8) | 7.0 (#18) |
| Founded | 1991 | 2010 |
| Headquarters | San Francisco Bay Area, California, United States | New York, New York, United States |
| Purpose | Magnit VMS is a cloud-based SaaS solution for managing the end-to-end contingent workforce workflow. | WorkMarket manages independent contractors, including onboarding, verification, payments and work assignments. |
| Security | Magnit lists SOC 2 Type 2, ISO 27001, ISO 27017, ISO 27018, ISO 27701, GDPR, and other security and privacy standards on its Trust Center. | The homepage describes WorkMarket as backed by ADP and highlights more than 300 security specialists dedicated to keeping data secure. |
| Support | Basic support for Magnit VMS (formerly Wand) lists portal and virtual agent access 24x7, live agent chat 24x5, and phone support 24x5, with response targets by issue priority. | Existing clients can use the on-demand help center and 24/7 virtual assistant; urgent support is available by email or phone Monday through Friday, 8 a.m. to 7 p.m. Eastern. |
Plans
In their own words
Magnit VMS
Magnit VMS is a cloud-based SaaS platform for managing contingent workforce programs from onboarding through offboarding. It is intended for organizations managing professional workers as well as high-volume and shift-based workers. Configurable roles, permissions, workflows, and custom fields help shape programs, while the product tour includes an action center, real-time market rates, global capabilities, and flexible integrations. Magnit says analytics and AI provide worker lifecycle insights; Maggi AI recommends qualified talent, predicts sourcing channels, and automates workflows. Pay tools include rate benchmarking, overtime and double-time tracking, and tail-spend reduction. Magnit reports more than 1,800 active connectors, including Oracle, SAP, Workday, ServiceNow, Coupa, and SAP Ariba. Integration options include standard APIs, no-code connections, Web Services, sFTP, HTTP, XML, flat files, and JSON. The platform supports coverage across 130+ countries and can be deployed in private, public, or hybrid models. Magnit lists multiple independently audited security certifications and offers bring-your-own-key encryption capabilities. Pricing is on request; organizations are invited to contact Magnit for a demo.
WorkMarket
WorkMarket manages independent contractors for businesses, covering onboarding, verification, assignments, payments and tax forms. It can collect and verify U.S. tax IDs, W-9 forms and bank details, including in bulk, and group workers into Labor Clouds by skills, geography or screening background. Businesses can assign virtual or on-site work, track deliverables, use templates and automate workflows. The service can generate invoices, make bulk payments and support Net 15 and Net 30 terms. It also prepares and electronically files 1099-NEC forms with the IRS and applicable state agencies on a client’s behalf. Connections include an open API, webhooks, automation rules and bulk uploads; businesses can use the whole platform or select modules. A contractor app supports assignment alerts, onboarding, check-in, uploads, invoices and payment requests. WorkMarket runs on Android, iOS and web and provides an API. Pricing is on request. It currently supports businesses with a U.S. entity.