Home » Xero Accounting Software Blog » Fathom Vs Dryrun

Fathom Vs Dryrun

March 15, 2021
Bill Kimball

Small businesses can easily obtain a 360 view of their businesses and use drag and drop pre-built dashboards easily. Fathom is an award-winning team of designers, developers and business analysts primarily based in Brisbane, Australia.

Fathom transforms your accounting data into insightful visual reports and dashboards. I have been looking for a reporting tool that is accurate and simple to use – Fathom is the answer. As a treasurer reporting to a Board, I need something that can show both financial information and KPIs. I also needed something that I could easy hand-over to the next treasurer.

Speaking of hypotheticals, Dryrun is also a world-class sales forecasting tool, built to help you understand how sales can impact your cash flow. The powerful manual control and data entry features work well with integrations from Xero, QuickBooks Online and Pipedrive. Xero is an easy to use online accounting software that’s designed specifically for small businesses. Previously you would have needed to import this financial data with Excel, and forgo the benefits of the automatic update and data sync between Xero and Fathom. Now you can integrate directly to Xero via the Fathom API and choose between Cash or Accrual basis reporting at the company level. Xero not only offers a revolutionary accounting software, but also encourages an active global community of developers, customers, and business advisors to create this ecosystem of software solutions.

You can receive real-time alerts and notifications about future predictions. We’ve put together a list of the best reporting and advanced analytics add-ons for Xero.

Xero + Fathom: Get Beautiful Insights Into Your Xero Data

Fathom makes it easy to monitor alerts for each of your companies or clients from a single dashboard. Fathom helps you easily compare, rank and benchmark your companies, clients or franchisees. Whether presenting to a client, reporting to the bank, or updating your management team, you’ll always be prepared with Fathom.

Retailers, distributors, and manufacturers who are seeking greater insight into their business. For controllers and accountants who want insight and be in control of their numbers at all times. Over 2,300 enterprises, large companies and SMEs in 140 countries from all industries use Jedox to streamline and optimize planning processes. Small business owners, CFOs and CEOs, accountants and advisors, and franchise groups. Combine these with chart of account line items, sub-totals, headings, or typed values to create powerful formulas. Measure and monitor the metrics which matter most to your business. Rock-solid infrastructure | Fathom is hosted at Microsoft Azure.

Xero has partnered with Power BI to provide a big data solution to small businesses. Power BI is a very popular business analytics tool, and now with the support of Xero’s accounting capabilities, they can come together to create great insights for small businesses. Panoply makes it easy to collect all of your data in one place and automate your data management with advanced business intelligence tools. Panoply supports over 80 data sources natively, including Hubspot, Salesforce, and Zoho CRM. It’s one of the biggest reasons why data-forward companies prefer Panoply over other tools. Fathom integrates with Xero seamlessly and helps you to get insight into your business by creating beautiful reports from your financial data. You can use these insights to track profit, cash flow, and the growth of your business. Fathom is ideal for accountants and leading advisory teams to automate the workflow and increase efficiency.

You don’t have to be an expert to use these tools, as it only takes a few clicks to link your data with Power BI. Using Panoply and Xero together provides a complete view of your entire business by allowing you to easily combine and analyze data from over 80 sources with your Xero data. It also allows you to collect data from any data source, which you can then then connect to any BI tool quickly and easily. G-Accon can connect Google sheets with multiple Xero organizations.

Fathom has since expanded both its systems and team as they strive to provide you with exactly what you need – easy to use and insightful performance analysis and reports. Do you have multiple business such as a chain of restaurants or multiple office locations in Xero but want a consolidated report and forecasting tool? We discuss the three leading companies who can provide cost-effective solutions without the need to use Excel. These solutions are able to integrate seamlessly with multiple Xero accounts to provide powerful forecasting and analytical reporting tool.

Got Xero? Get Insights

Dryrun was built for business owners throughout a variety of industries such as the creative industry, manufacturing, viticulture and service firms. Varying bills and invoices can have a cataclysmic effect on cash flow if not managed proactively.

When Xero’s founder, Rod Drury started his company, he had a vision of this global ecosystem. Software companies scattered all over the world ask to become Xero partners. After all, Xero started in New Zealand, rocked Australia and the UK’s accounting industry, and is slowly, but surely breaking into the U.S. market. Other companies, like Fathom, Receipt Bank, and Stitch Labs, have seen the potential within Xero and fortuitously seized their opportunities. When it’s time to really level up your Xero financial analytics you have a few good options.

Dryrun was built to visually model out scenario after scenario and then toggle them to compare how they’ll affect your ops over time or from day to day. As outlined above, there is a lot of variation between how these two pieces of software approach the role of business intelligence and its effect on operations. With the core strengths of each app on display, it’s a lot easier to decide what might best suit your business.

Accounting and budgeting solution that helps businesses across all vertical markets and with over $300M in annual sales or 500+ employees streamline operations. It brings together everything you need under one platform to manage your accounting, financials, operations, people & payroll. Gekko is a an online financial administration tool for freelancers, small studios and startups. Tailor the presentation of your data using tables and financial statements. Track and monitor the performance of a group of related companies. Let your client access the report and analysis which you prepared for them. Fathom is specifically designed for accountants and advisers who are seeking to deliver more frequent and more engaging advisory and management reporting services.

Fathom + Xero

We like to think that Panoply is the best analytics add-on for Xero and for your business in general. Panoply’s deep bench of data connectors, automated data warehousing and its straightforward integration with your BI tool of choice make it one of the best ways to level your business’s data organization up. Creating management reports and dashboards has never been easier. Contact KAECPA for more details on how this software can enhance your decision-making and goal-setting process.

Accountants also see the value in Dryrun for managing and advising their clientele across professions, as do those in finance within larger organizations. We help finance automate processes to accelerate the time it takes to turn insights into action. The result is a company that is nimble and efficient, regardless of size or complexity. A suite of in-depth visualisations and metrics that converts your accounting data into insightful business intelligence.

  • Fathom is a fast and flexible tool to do financial analysis and management reporting.
  • Once they are connected, you can schedule a time for an automatic refresh of reports and data queries.
  • Fathom is an award-winning team of designers, developers and business analysts primarily based in Brisbane, Australia.
  • Panoply makes it easy to collect all of your data in one place and automate your data management with advanced business intelligence tools.
  • Varying bills and invoices can have a cataclysmic effect on cash flow if not managed proactively.
  • As a whole, it helps companies to understand their financial states, make profitable financial decisions and to plan their future easily with their platform.

Ideal for some businesses but not for all, our in-depth comparison is a time investment that every business owner, accountant, and senior exec should make time for. Fathom helps you provide creative and compelling business analysis and reports. Fathom is an easy to use, management reporting and financial analysis tool which helps you to assess performance, monitor trends and identify improvement opportunities. Fathom helps you to measure and track the financial & non-financial KPIs which matter most and turns financial data into accounting intelligence. Fathom makes data entry easy by integrating with QuickBooks Online, MYOB and Xero to get live data into the reporting framework.

After that, there are several pricing plans to fit your needs with both monthly and annual payment schedules. If your company is a global enterprise, Panoply offers a special custom Enterprise plan, which can be tailored to your needs. Integrating Fathom with Xero is a simple process that won’t take more than a minute. You can start with Fathom with a 14-day trial account and work with a demo company. Cenario has several plans for your service including a growth plan for fast-growing teams and a Multi Business Plan for established companies. You can create professional invoices and receive updates when they are re-opened. Benchmarking – Fathom helps you to see the big picture – compare, rank and benchmark all your companies/clients/franchisees.

The integration of Xero HQ and Fathom provides advisors with a beautifully streamlined reporting workflow. Reports designed in Fathom can be scheduled for the end of each reporting period. And once the reports are published, links automatically appear in the Xero HQ activity feed. Get access to insights which help you assess business performance, monitor trends and identify improvement opportunities. Creating beautiful management reports and dashboards has never been easier.

How Does Fathom Work?

See how Xero and Fathom stack up against each other by comparing features, pricing, ratings and reviews, integrations, screenshots and security. Compare real user opinions on the pros and cons to make more informed decisions. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property.

Analysis – Fathom offers a comprehensive framework for performance analysis – tools which help you to achieve substantial performance improvements. Based out of New Zealand and founded in 2003, Spotlight Reporting is Xero’s number one reporting and forecasting app and was App Partner of the Year award winner in 2015 and 2016. Spotlight Reporting was built by progressive accountants, for progressive accountants and is a preferred choice of the Big 4 and leading progressive accounting firms around the world. Wave helps manage invoices, credit card payments, accounting & payroll.

Furthermore, its features help founders, accountants, product managers, marketers, remote teams, and even freelancers. You can easily sign up with Cenario in less than 30 seconds and try it for free. A good section of questions and answers is provided by Cenario to get started with it easily. With Xero, you can do business with the whole world with multi-currency accounting. Xero helps you to schedule your payments and manage your cash flows.

Alerts – Using Fathom you can define your own KPIs and then monitor performance against targets. In terms of ratings, according to the Xero website for third party apps Fathom received a 5 star rating based on 101 reviews. In terms of ratings, according to the Xero website for third party apps Spotlight Reporting received a 5 star rating based on 127 reviews.

Monitor the alerts for all of your clients from a single dashboard. Model specific business events without having to rebuild your forecast. Customise reports by choosing which KPIs are monitored and highlighted in your reports. Customise and track the non-financial metrics that matter most to your business. Join over 2 million+ subscribers worldwide – and manage your financials anytime, anywhere, on any device.

As a whole, it helps companies to understand their financial states, make profitable financial decisions and to plan their future easily with their platform. Spotlight Reporting seamlessly integrates with Xero enabling accountants and businesses to import actual and budget data from Xero with the click of a button. Dryrun’s backbone is the rapid assembly of a flexible budget that is easy to understand and that continues forever. From there, unlimited cash flow and sales forecasting visualizations – aid businesses in their forward-focused operations. Simply group your companies together for benchmark analysis, then drill down into your data, reshape your field of analysis and easily compare the performance of all your companies. Although these two packages mainly target small businesses, there are good options for anyone who wants to analyze and save time.