Fathom Reviews & Product Details

I find Fathom's powerful forecasting module incredibly valuable. It really helps in transforming complex financial data into highly visual and actionable client insights, which is essential for my work. I also appreciate how the platform maps out future cash runway, allowing me to easily incorporate specific business events, like planned equipment purchases or new hires, directly onto a visual timeline. This aspect is incredibly impactful for my planning processes. Review collected by and hosted on G2.com.

On the downside, Fathom is definitely an expensive software investment. And the licensing fees can feel quite steep, especially when you are trying to scale it across a large diverse client or portfolio with varying budgets. Review collected by and hosted on G2.com.

Making custom KPI and ease on setting the way you want it - but sometimes updating takes time Review collected by and hosted on G2.com.

updating from MYOB takes a solid 5 min - i know 5 min is not much but when you need to do it 4 or 5 times at month end journal it would be great that its a bit faster Review collected by and hosted on G2.com.

The ability to upload your Excel spreadsheets to populate your budgets and forecasts is fantastic. Then the power to add microforecasts is very powerful when presenting to management and the Board. Review collected by and hosted on G2.com.

A fair bit of setup is required, not that intuitive. Review collected by and hosted on G2.com.

The user interface is clean and clear to understand and follow. Its makes it easy to navigate. It has a number on intergrations with martket leading accountancy packages, enabling us to handle a portfolio of clients with differing software. Review collected by and hosted on G2.com.

At this moment in time nothing, any suggestions i have had about features or improvements have already been in development and have been release fairly shortly afterwards. Review collected by and hosted on G2.com.

I really love the range of assumptions on the profit and loss statement, and how easy it is to refer to your assumptions. I also really like the ability to write KPIs on a sub-department level, which is good for department managers. Review collected by and hosted on G2.com.

I don't understand where and when to use Driver's and I don't like the balance sheet budgeting. I find the journals and schedules frustrating for existing loans that are partially through payment. And I don't like that there aren't good options for projecting inventory by subdepartment. Review collected by and hosted on G2.com.

Forecast module is a powerful utility; Custom report creation; QuickBooks app integrations. Frequent updates increasing overall performance. Competitive pricing. Customer support sets the bar. User interface is very functional for our advisory services. Review collected by and hosted on G2.com.

Limitations to the graphic label/legend modification. An example, line graphs visualizing rolling twelve month where axis labels report in thousands (e.g. 1k, but preference would be full value 1,000). Review collected by and hosted on G2.com.

Syncs with Xero, Budgeting, Forecasting (especially P&L and Cashflow), Reporting Review collected by and hosted on G2.com.

No integration available with Unleashed which would be very helpful for Forecasting, No API available either for better integration (e.g. additional external source of data) Review collected by and hosted on G2.com.

What I like most about Fathom is how seamlessly it captures and summarizes meetings without needing any manual effort. It takes really accurate notes, highlights key moments, and automatically creates action items, which saves a ton of time after calls. I also like how it integrates well with tools like Zoom and makes it easy to share clips or summaries with the team. Review collected by and hosted on G2.com.

One downside is that the summaries can occasionally miss context or require slight edits, especially for more complex or technical discussions. Also, depending on the call quality or accents, the transcription might not always be 100% accurate. It’s not a dealbreaker, but you still need to quickly review before sharing externally. Review collected by and hosted on G2.com.

I find Fathom quite valuable for building long-term cash flows and preparing reports for the Financial Conduct Authority in the UK. It's great for creating a three-year monthly plan. I appreciate that it lets me import data and quickly spot trends over time, which helps identify weaknesses and areas that need development. Once I got the hang of it, it's pretty quick to use. I really like the graphics, which allow me to set up my own colors and branding. Pictures tell a thousand words, and Fathom captures that perfectly. Review collected by and hosted on G2.com.

Sometimes the budgeting isn't straightforward, especially creating scenarios for adding extra employees and associated costs. That doesn't work particularly well for me, and I struggle with it. Also, the initial setup was painful because it involves quite a bit of learning, but it improves with usage over time. Review collected by and hosted on G2.com.

Simple, straightforward integration with Xero actuals. The interface is user-friendly and includes features that support strong forecasting and reporting. The dashboards and templates are dynamic, with plenty of options to customise depending on the use case. Webchat support is consistently responsive and helpful. We moved from CastAway to FATHOM for a fraction of the price and haven’t looked back. Review collected by and hosted on G2.com.

Linear regression calculations have proven virtually useless for us when forecasting; however, there are enough alternative options available without it.

The report charts offer decent options, with some limitations (for example, stacked bars aren’t possible in a combined chart with line graphs). More control when formatting reports would also be welcome. In addition, custom periods in report charts feel inconsistent. For instance, selecting “2 prior periods” includes the current period in some charts, while in others “2 prior periods” are shown in addition to the current period.

Some UI features also aren’t consistent across the tool. For example, grab handles appear in the Chart of Accounts but not in the Microforecast expanded view, even though click-and-drag reordering is possible in both places. Review collected by and hosted on G2.com.