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Fathom by The Access Group

Score9.3 out of 10

30 Reviews and Ratings

What is Fathom by The Access Group?

Fathom is a management reporting, forecasting and financial analysis tool from the Access Group. It helps users to assess business performance, monitor trends and identify improvement opportunities. Fathom combines business planning with simple three-way cash flow forecasting.

Top Performing Features

  • Financial budgeting

    Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.

    Category average: 10

  • Management reporting

    Budget vs. actual or forecast, P&L’s, performance over time, between products etc.

    Category average: 10

  • KPIs

    Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.

    Category average: 9.8

Areas for Improvement

  • Import & Export Tools

    Importing of financial data to accurately budget resources and exporting of reports to share across your organization.

    Category average: 8.5

  • Forecasting

    Combining actuals and budgets, rolling forecasts, driver-based models.

    Category average: 9.8

  • Departmental Budgeting

    Division of budget across multiple departments according to an individual team's spending and resources.

    Category average: 7

Say goodbye to spreadsheets! Fathom makes reporting, forecasting, and understanding your finances a breeze

Use Cases and Deployment Scope

Effortlessly generate insightful reports, forecast cash flow, and gain actionable financial intel with Fathom's one-stop business management platform. We review financials, cash flow and division performance, We review our financials on monthly basis and Fathom is the reporting toll we us to review the performance of the business. It is also very user friendly to use.

Pros

  • Xero Integration
  • Instant Financials Reports

Cons

  • If you have multiple divisions within the business, reporting/budgeting by division are not as good as induvial reports.

Return on Investment

  • it saved us few hours a month to prepare consolidated reports.
  • it made is easy to understand the financials with visuals
  • Integration with Xero also made it much accurate

Other Software Used

Xero, Spotlight, Deputy, Hubdoc, Dext Prepare (with Receipt Bank), QuickBooks Online

Financial Statement Consolidations are easy with Fathom!

Pros

  • Consolidation and Eliminating Entries
  • Easy to use dashboards
  • Customizable Metrics and Targets
  • Customizable Dashboard

Cons

  • Honestly I do not have any Cons to add.

Return on Investment

  • I pass the cost of the software on to my clients
  • I have added my client's as users and we setup targets togehter
  • Very collaborative tool

Alternatives Considered

Thomson Reuters CS Professional Suite

Usability

Other Software Used

Calendly, Expensify, Microsoft Teams