Magnit VMS
6.7#1 in freelancer management systemsAndroidiOSWebAPI
VisitMagnit VMS vs Payoneer Workforce Management
Payoneer Workforce Management
6.5#3 in freelancer management systemsFrom $19 a monthAndroidiOSWeb
VisitWhat both publish
| Fact | Magnit VMS | Payoneer Workforce Management |
|---|---|---|
| Founded | 1991 | 2005 |
| Headquarters | San Francisco Bay Area, California, United States | New York, New York, United States |
| Integrations | Magnit states it supports 1,800+ integrations, including SAP, Workday, Oracle, and ServiceNow, and lists flat file, XML, JSON, sFTP, and Web Services protocols. | Payoneer says its workforce platform integrates with HRIS, time-tracking, and accounting tools, but the page does not name specific integrations. |
| Intended users | Magnit describes the VMS as serving management of professional workers as well as high-volume and shift-based workers. | The CMS is designed for businesses engaging contractors across borders and managing distributed contractor networks. |
| Purpose | Magnit VMS is a cloud-based SaaS solution for managing the end-to-end contingent workforce workflow. | The system helps businesses manage global contractor engagements, contracts, payments, and records in one platform across 160+ countries. |
| 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. | Payoneer’s Security Center states that Payoneer is PCI DSS Level 1 certified and has SOC 2 Type II and SOC 1 Type II assessments conducted by an independent audit firm. |
| 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. | Payoneer advertises localized support in 160+ countries and 17 languages, with dedicated account managers. |
Magnit VMS plans
- Magnit VMSPriced on request
Payoneer Workforce Management plans
- Contractor Management System (CMS)$19 a month
Pick Magnit VMS if…
Magnit positions the VMS for enterprises managing contingent workforce programs, including professional, high-volume, and shift-based workers. It may suit organizations seeking configurable workflows and integrations with enterprise systems.
Pick Payoneer Workforce Management if…
This system suits businesses engaging contractors across borders and managing distributed networks. It may be useful to teams that need payment, invoice, timesheet, and expense workflows together.