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Fathom by The Access Group

Score9.3 out of 10

35 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.

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Videos

Top Performing Features

  • Long-term financial planning

    3-5 year financial plan with cashflow.

    Category average: 9.1

  • Financial budgeting

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

    Category average: 9.6

  • Scenario modeling

    Financial or operational modeling of alternate future states and planning for each.

    Category average: 9.2

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: 8.8

  • Forecasting

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

    Category average: 9.4

  • Departmental Budgeting

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

    Category average: 9.2

Fathom Changed How We Work

Use Cases and Deployment Scope

Fathom has transformed the way my company conducts meetings (and we have a LOT of them!), tracks ongoing themes, prepares for conversations, learns, and operates.

We primarily use it for client meetings of all kinds, allowing us to have insights into cross-functional conversations that help us be better informed across different departments. It has effectively removed silos, making us more efficient and knowledgeable in our client-facing interactions.

We also use it as a notetaker in internal meetings, making it easy to recall takeaways and action items, as well as keeping teammates up to date if they happen to be out that day.

The ability to summarize calls, search for keywords and topics, and pinpoint action items has been invaluable across our org.

From a learning standpoint, Fathom has enabled us to be a fly on the wall for any meeting, allowing us to learn valuable insights, tactics, and techniques from each other. It has given managers visibility into the performance of their direct reports, enabling actionable feedback and opportunities for growth.

Pros

  • Capturing accurate transcriptions and summaries
  • Consistent functionality with very little downtime
  • Robust tools for optimal usage

Cons

  • It would be helpful to have consistent functionality between the two versions (web app vs desktop app)
  • It would be helpful for the Fathom/Slack integration to include highlights captured or refined after the meeting, rather than only the highlights captured in the moment during meetings.

Return on Investment

  • Fathom has been a time-saver for meeting prep
  • Fathom has helped our org capture consistently helpful and accurate notes and data points
  • Fathom has removed silos and allowed for improved access to conversations, information, and context

Usability

Other Software Used

Guru, Slack, HubSpot CRM

The best notetaker and recorder you can get

Use Cases and Deployment Scope

Fathom is the main meeting recorder of my organization. Their summaries and precise transcriptions are fundamental in pur business development. Thanks to Fathom, we can capture the clients' answers and input during discovery or kickoff calls that we eventually use for decision-making, campaign strategy, and copywriting. This is extremely key in my organization as we are an outreach and marketing agency.

Pros

  • Precise transcriptions. Very few mistakes
  • Good summaries and actions items
  • Unlimited recordings

Cons

  • You could give more premium summaries per month. Right now is only 5

Return on Investment

  • You get unlimited recordings for free, so unless you feel it's necessary a free account is great

Usability

Other Software Used

Otter.ai, ClickUp, Fireflies.ai

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