App spotlight: Fathom

If you're looking for a game-changer in cash flow forecasting, you might want to check out Fathom. This powerful tool is designed to make your life easier, providing your business with powerful three way forecasting and detailed, not to mention colourful, management reports.

Why Fathom?

Fathom offers a comprehensive suite of features that streamline cash flow forecasting and financial analysis. Here's how it can benefit your clients:

Three-way cash flow forecasts: Fathom allows you to project Profit & Loss, Balance Sheet, and Cash Flow statements, giving you a complete picture of your client's financial health.
Visual insights: With its intuitive interface, Fathom provides visual insights that make it easy to understand complex financial data. This is especially helpful when explaining financial concepts to clients who might not have a financial background.
Scenario planning: Fathom lets you create multiple scenarios to plan for different possibilities. Whether it's hoping for the best or planning for the worst, you can be prepared for any situation.
Integration: Fathom seamlessly integrates with popular accounting software like QuickBooks, Xero, and Sage, making it easy to import data and keep everything up-to-date. It can also work directly from a spreadsheet, if you are not yet in the world of cloud accounting!
Efficiency: Say goodbye to hours spent building cash flow forecasts that quickly become outdated. Fathom's fast and efficient forecasting tools save you time and ensure your data is always current.

How it helps your business

As a business owner, your goal is to make smart decisions with accurate and actionable financial advice. Fathom helps you achieve this by offering:

Accurate projections: With Fathom, you can confidently plan ahead with precise cash flow projections.
Comprehensive reporting: Create custom management reports that clearly summarise your business's financial performance.
Strategic insights: Use Fathom's advanced features to analyse key performance indicators and make informed business decisions.

Conclusion

Incorporating Fathom into your management reporting systems can significantly enhance your ability to make informed decisions when it comes to financial planning and forecasting. It's a tool that not only simplifies your workflow but also provides valuable insights that can drive business growth.

If you want to give Fathom a try and see how it can transform your approach to cash flow forecasting reach out to us here at BlueFox Accounting to see how we can help you implement Fathom.