November 15, 2024
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This balanced comparison of Fathom vs Float will help you decide which of these two cash flow forecasting solutions is the right choice for you.
Learn how Fathom compares as a Float Cash Flow alternative with an analysis of their key features, and customer support.
See how Fathom compares as a Float Cash Flow alternative.
Seeking an intuitive cash flow forecasting solution that integrates with your accounting software? If so, Fathom and Float are two leading solutions you should consider.
Both are designed to help businesses and accountants gain a clearer picture of future financial performance. However, any comparison of Fathom vs Float will tell you they offer very different capabilities.
Fathom provides a full suite of financial management tools beyond cash flow forecasting, including reporting, consolidated reporting and financial analysis.
Meanwhile, Float focuses solely on short-term cash flow forecasting, making it a good option for growing businesses that need a simple solution to project future cash positions.
Read on to see how Fathom compares as a Float cashflow alternative, with a full breakdown of both solutions’ features and customer support.
Fathom is a cloud-based financial management platform that’s trusted by over 80,000 businesses worldwide. Offering features for financial reporting, analysis, consolidations and cash flow forecasting, the platform is targeted at SMEs, finance teams, accountants and multi-entity organisations.
Known for its engaging visuals, customisation, ease of use and comprehensive support, Fathom is designed for businesses looking to impress stakeholders or clients with detailed financial insights.
Developed in Australia, the solution is backed by a global customer support team and offers advanced forecasting, scenario modelling and business planning capabilities.
Float is a dedicated cash flow forecasting platform designed to help businesses visualise their future cash positions.
Based in the UK, the solution is targeted at fractional CFOs and growing SMEs, including agencies, consulting outfits, IT services providers as well as architecture and construction firms.
Founded by agency owners who struggled with the challenges of running a business without financial forecasts, Float was built to help businesses understand how their decisions impact cash flow.
The solution is designed to be simple, with an emphasis on ease of use, making it particularly suited for businesses that don’t need extensive financial reporting features.
While Float is specifically designed for cash flow forecasting, Fathom offers a full range of financial management features. Let's see how the two solutions compare.
Fathom’s rich feature set and ease of use makes it ideal for a range of businesses – from SMEs and accountants to enterprises. Key features include:
Designed to help SMEs avoid the hassle of spreadsheets, Float makes it simple to project and manage short-term cas hflow with compelling visuals and smart automation.
Based off transactional-level data, such as bills and invoices, you can forecast cashflow u p to three years into the future, analyse cash activity six months into the past and generate daily forecasts.
The platform automatically syncs with accounting platforms Xero, Quickbooks and FreeAgent, pulling in invoices, bills and bank transactions to provide an up-to-date cash flow position.
Let’s look at what makes it an ideal solution for cash flow forecasting:
As a Float Cash Flow alternative, Fathom compares favourably for its global support team, however both solutions offer dedicated assistance. Let’s look at how they compare:
Fathom offers comprehensive customer support, including phone, email and in-platform messaging from its Brisbane-based team. You can also access an extensive Help Centre that includes a range of how-to guides, videos, webinars, FAQs and hundreds of support articles.
Float provides email and in-app messaging support as well as an extensive online support hub featuring hundreds of helpful articles. Its Premium and Enterprise plans offer support via one-on-one video calls.
Float also offers a partner program that allows you to view all your clients’ Float accounts in one place. The program provides a dedicated account manager your clients can contact directly for Float support.
Hopefully this Fathom vs Float comparison has provided a good idea of their cash flow forecasting capabilities, as well as their many differences.
To recap, Fathom is a comprehensive financial management platform that provides not only cash flow forecasting but also advanced financial reporting and analysis features.
It’s well-suited for accountants, CFOs and businesses with complex financial requirements, such as multi-entity consolidation.
As a Float Cash Flow alternative, Fathom stands out for its comprehensive, customer support, customisable templates and visually impressive reports designed to make an impact with stakeholders or clients.
Meanwhile, Float is a more straightforward tool focused solely on short-term cash flow forecasting.
Its ease of use and real-time syncing with accounting platforms make it a good choice for smaller businesses looking for a simple yet effective weekly cash flow solution.
To learn more about Fathom, visit our product page for a full outline of its features, or try it yourself with a free 14-day trial.
Kit is the Content Marketing Manager for The Access Group APAC and Fathom. He is a former journalist with extensive experience in content writing and copywriting across various industries, including higher education, not-for-profit, and finance sectors.
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