Fathom vs Futrli: A comprehensive comparison

October 15, 2024

Choosing the right financial management platform can be overwhelming, particularly when weighing up the benefits of leading solutions like Fathom and Futrli.

This article presents an impartial comparison of Fathom vs Futrli, focusing on their core features and customer support.

Fathom vs Futrli: Quick Summary

See how Fathom compares as an alternative to Futrli.

Futrli

Cash flow forecasting

Management reporting

Consolidated reporting

Financial analysis

Consolidated forecasting

Introduction

Looking for a comprehensive financial management solution that automates routine tasks and helps you quickly grasp financial performance? Fathom and Futrli are two solutions you should keep top of mind.

Both offer a full scope of capabilities for forecasting, reporting, consolidations and financial analysis. Plus, their ease-of use, customisation and automation can help you easily generate financial insights into your business or those of your clients.

There are, however, key differences between the two. This comprehensive comparison of Fathom vs Futrli aims to help you decide which platform is the best fit for your needs – whether you’re a small-to-medium-sized business (SME), enterprise, accounting firm, franchisor or not-for-profit.

Read on for a detailed, objective Futrli review and how it compares to Fathom across key features and support.

What is Fathom?

Fathom is a cloud-based financial management tool that helps businesses generate insightful reports, simplify complex consolidations, analyse financial metrics and forecast cash flow.

Developed in Brisbane, the platform boasts over 80,000 users globally and stands out for its intuitive interface, visually appealing reports, comprehensive support and flexible pricing.

Fathom’s broad range of capabilities make it ideal for a range of businesses – from SMEs and enterprises to accounting firms and franchisors.

What is Futrli?

Any Futrli review will invariably tell you that it’s a dynamic financial management platform featuring forecasting, budgeting, reporting, analysis and consolidation capabilities.

Headquartered in the UK, Futrli is trusted by over 100,000 SMEs, accountants, bookkeepers and finance teams worldwide. The solution was launched in 2014 and was acquired by global software vendor Sage in 2022.

Comparing Fathom vs Futrli: Key Features

As a Futrli alternative, Fathom offers several similar capabilities. However, the two solutions diverge in various ways that may influence your decision.

Here’s a comparison of the two platforms across their primary features and support options.

Fathom review

Fathom stands out for its robust reporting and consolidation capabilities, sophisticated forecasting tools, customisation and ease-of-use. Let’s break down how Fathom excels across its key features:

Cash flow forecasting
The solution offers three-way cash flow forecasting that enables you to create unlimited forecast scenarios, while also offering extensive customisation and a range of value rules and predictions.
Financial analysis
Fathom features powerful visual financial analysis tools to track vital metrics like profitability and growth. You can create custom KPIs or choose from over 50 pre-built options.
Reporting
Unlike many platforms, Fathom’s reporting functionality offers unlimited reporting outputs. This means you can create reports of varying complexity, meeting the needs of clients who desire more customisation and visuals.

As a Futrli alternative, Fathom offers an easier to use reporting editor and its reports offer more scalability.
Consolidations
Fathom's consolidated reporting supports up to 300 entities and 97 currencies. Compared to Futrli, this feature in Fathom is more straightforward, with the ability to create multiple forecast scenarios, choose from over 100 custom report visuals and eliminate intercompany transactions.
Integrations
The solution boasts seamless integrations with Xero, QuickBooks, MYOB, Sage Accounting, Excel and Google Sheets. Daily data syncs ensure your financials are always up to date.

Futrli review

Futrli is known for its highly customisable, intuitive dashboards and engaging visuals that enable businesses and accountants quickly make sense of financial data. Let’s look at the solution’s standout features:

Cash flow forecasting
Unlike other platforms, Futrli allows you to perform daily forecasts in addition to long-term three-way forecasts. You can also forecast both indirect and direct cash flow, as well as forecast for different scenarios.
Reporting and dashboards
Futrli’s reporting and dashboards make it easy to track financial and non-financial metrics in real time. You can choose from over 60 customisable reporting templates and add pre-made charts and tables, as well as your own branding.

Unlike other platforms, Futrli’s reporting feature enables four-week reporting, which can be useful for businesses in sectors like hospitality, for instance.
Consolidations
The solution offers multi-currency consolidation capabilities that automates manual tasks, with the ability to consolidate budgets and forecast scenarios.

Futrli doesn’t currently support divisions or tracking categories in financial budgets, whereas Fathom does. You can find more details on this feature here.
Invoicing and billing
Futrli’s invoicing and billing data is another notable feature, which enables you to set expected dates for outstanding bills and invoices and exclude them from your cash flow.
Integrations
Futrli seamlessly connects with accounting platforms like Xero and QuickBooks, as well as other systems like Stripe and GoCardless.

Fathom vs Futrli: Onboarding and support

When it comes to onboarding and support, both Fathom and Futrli offer robust support, but they have distinct approaches.

Fathom

Fathom is recognised for its straightforward setup process, backed by a supportive local customer service team that features qualified accountants. This team offers dedicated onboarding and ongoing support via phone and email.

You can also access a wealth of online resources, including training videos and an extensive knowledge base of help articles.

Futrli

Futrli offers onboarding and ongoing customer support via its help centre, which features hundreds of support articles and walkthrough videos. Customers are encouraged to seek assistance through the help centre, with the option of contacting Futrli’s team via email.

Summary: Key differences of Fathom vs Futrli

Fathom and Futrli are both powerful financial management platforms, but they offer distinct features suited to different business needs.

As a Futrli alternative, Fathom stands out for being easier to use, offering more robust and straightforward consolidation capabilities, and its highly scalable and customisable management reporting. The platform also offers more comprehensive customer support.

Futrli, on the other hand, excels with highly customisable dashboards and comprehensive forecasting. It also stands out favourably for its flexible reporting cycles as well as its billing and invoicing feature.

Whether you are considering Fathom, Futrli or another solution, our team is always here to help. Feel free to contact us today and discuss how we can assist you in making the right choice.

Written by

Kit Morris

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.