Fathom
About Fathom
Fathom is a financial analysis and management reporting tool, designed to help users monitor trends, assess business performance, and identify opportunities for improvement. Integrations with QuickBooks, Xero, and MYOB, allowing users to import financial data directly from their accounting software.
Fathom’s analysis tools include a summary of all KPIs, showing whether or not they have achieved a favourable result in the current period, cash flow analysis, and Goalseek, in which users can change multiple variables to visualize their overall impact on a KPI. Users can also rank and benchmark all of their companies or clients against each other to identify which are the highest or lowest performers.
Customised reports can be generated from users’ choice of KPIs, both financial and non-financial, and be branded with company logos before sharing with clients. Users can also set alerts to notify them when KPI results fall above or below critical threshold values, chosen by the user, informing them of any significant changes to a company’s performance.
Key benefits of Fathom
All subscription plans include unlimited users, full feature set, online and phone support, and regular updates
Currency consolidation allows users to create consolidated financial statements for businesses operating in more than one country across more than 50 currencies
Alerts are triggered when a KPI result exceeds a critical threshold, such as cash reserves dropping below a preset acceptable balance
Then KPI explorer gives users an overview of the performance on all KPIs across different review periods, with sorting options such as variance from target and importance
Fathom has inbuilt financial and non-financial KPIs, and custom KPIs can be defined by users with their own formula for calculation
Breakdown analysis allows users to compare the performance of different parts of a business, such as divisions or locations, and create reports about the performance and profitability of each area
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Reviews
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- Industry: Accounting
- Company size: 51–200 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Quick, clean, accurate financial statements and reports
Reviewed on 14/9/2023
Fathom saves us hundreds (yes, hundreds) of hours per month in labor since we can build a template...
Fathom saves us hundreds (yes, hundreds) of hours per month in labor since we can build a template and copy it between entities. That meant we could create a financial statement format and duplicate it over and over and over as needed to generate reports.Clients also appreciate the clean aesthetic and reliable KPIs - our reporting, while customized, stands out from those firms dumping things right out of QuickBooks or building and re-building them in Excel.
Pros
Syncs to QuickBooks instantly, updates regularly, and allows for unlimited groups to be created for the consolidation of financials between multiple companies. Also, most reports can be exported into Excel if you need to do a little finessing.
Cons
The consolidated charts & graphs module is still in need of a few more granular features.
- Industry: Sporting Goods
- Company size: 11–50 Employees
- Used Weekly for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Fathom AI Notetaker Made Me a HUGE Fathom Fan
Reviewed on 1/10/2024
Very Positive, great impact on business meeting and detailed records
Very Positive, great impact on business meeting and detailed records
Pros
LOVEEEE the AI notetaker. Truly a game changer and should be implemented in all businesses.
Cons
I wish it would join automatically, but it is not hard to get in the meeting
Alternatives Considered
Zoom WorkplaceReasons for Switching to Fathom
pricing and functionality was much better with fathom- Industry: Health, Wellness & Fitness
- Company size: 2–10 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Fathom is helpful
Reviewed on 30/3/2023
Pros
What I like most about Fathom is that it links with Quickbooks.Fathom is also a great tool to help forecast. I love how I can see runway.
Cons
Fathom can sometimes be confusing to use. For example, Fathom doesn't include tax in the expenses exported to the software.
- Industry: Accounting
- Company size: Self Employed
- Used Weekly for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Brilliant forecasting and cashflow tool
Reviewed on 3/8/2023
I love the software and think overall it is very reasonably priced for the hole it fills
I love the software and think overall it is very reasonably priced for the hole it fills
Pros
What i was looking for was an easy forecasting tool to help my business with cashflow. What i got was something even better which will help my business and that of my clients no end
Cons
Support requests have had slow replies tbh
- Industry: Accounting
- Company size: 2–10 Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Likelihood to recommend 10.0 /10
Fathom is a Go to Forcasting Tool
Reviewed on 16/11/2023
Pros
Our firm has looked at a number of cashflow tools for our clients and we have not found anything else with as many features to build out a very detailed cashflow as Fathom has. There are options for drivers, mini budgets, and the bonus is the balance sheet forcasting.
Cons
It takes a lot of time to set it up. It also is harder to learn but once the tool is learned it's easy to use. When you're building out your forecast it is easy to mistakenly delete all of the amounts, and there is not an undo. you have to be very cautious on how you adjust your cashflow to make changes.
Fathom FAQs
Below are some frequently asked questions for Fathom.Q. What type of pricing plans does Fathom offer?
Fathom offers the following pricing plans:
- Starting from: US$50.00/month
- Pricing model: Subscription
- Free Trial: Available
14-day free trial available, with no credit card required. Four levels of subscription plan are available: Starter - $48 per month, 1 company included Silver - $250 per month, 10 companies included Gold - $360 per month, 25 companies included Platinum - $650 per month, 50 companies included Larger, custom plans are available on request.
Q. Who are the typical users of Fathom?
Fathom has the following typical customers:
Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Fathom support?
Fathom supports the following languages:
English
Q. Does Fathom support mobile devices?
Fathom supports the following devices:
Q. What other apps does Fathom integrate with?
Fathom integrates with the following applications:
Google Sheets, MYOB Business, Microsoft Excel, QuickBooks Online, QuickBooks Online Advanced, Xero
Q. What level of support does Fathom offer?
Fathom offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat
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