October 15, 2024
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Choosing the right financial management reporting platform can be challenging, especially when comparing leading solutions like Fathom vs Syft Analytics.
This article provides a neutral, fact-based comparison of Fathom vs Syft Analytics, covering their features, pricing and customer support.
See how Fathom compares as a Syft Analytics alternative.
Do you often feel bogged down by the time and effort spent on financial reporting and analysis? Tools like Fathom and Syft Analytics promise to automate these tedious processes, freeing up your time for more strategic decisions.
Both solutions offer comprehensive features like cash flow forecasting, financial analysis, management reporting and consolidations. However, their capabilities in each of these areas – in addition to their price and support offered – differ in important ways.
This in-depth comparison of Fathom vs Syft Analytics aims to help you choose the best solution for your needs – whether you’re a small to medium-sized business (SME), accounting firm, enterprise or not-for-profit.
If you’re looking for a detailed Syft Analytics comparison, we’ve got you covered. From explaining what Syft Analytics is used for to understanding Syft Analytics pricing, this guide will provide everything you need to make an informed decision.
Read on for a neutral, fact-based comparison of these two solutions across their key features and support.
Fathom is a cloud-based financial management solution that helps businesses generate insightful reports, simplify consolidations, analyse key financial drivers and forecast cash flow.
It’s known for its visually compelling reports and flexibility in managing complex financial data, making it popular among SMEs, enterprises, accountants and franchisors.
Developed in Brisbane, Fathom has over 80,000 users worldwide and stands out for its easy-to-use interface, customisation, flexible pricing and comprehensive customer support.
Syft Analytics is a financial analytics platform that helps simplify reporting, consolidations and forecasting for SMEs, accountants and CFOs.
Based in South Africa, the solution is trusted by over 100,000 businesses worldwide and is targeted at SMEs, accountants, not-for-profits, franchises, universities, financial institutions and ecommerce businesses.
For those looking to understand what Syft Analytics is used for, it provides a comprehensive suite of tools for cash flow forecasting, management reporting and KPI tracking.
Its scalability, combined with competitive pricing, makes Syft Analytics a strong alternative to Fathom and other competitors.
In September 2024, Xero announced it will acquire Syft Analytics. Following the acquisition, the company said it will continue to offer Syft Analytics as a standalone solution.
While Fathom and Syft Analytics offer similar capabilities, there are several key distinctions between the two.
Here, we compare the solutions across key features and support.
As a Syft Analytics alternative, Fathom compares favourably for its unlimited reporting output, more detailed forecasting, customisation options and compelling visuals. Let’s look at some of its key features:
Many Syft Analytics reviews will invariably mention the platform offers a full range of AI-powered financial analysis tools that make complex data easy to understand. Key features include:
When evaluating Fathom vs Syft Analytics for onboarding and support, both platforms offer strong resources but differ slightly in approach.
Fathom’s user-friendly interface reduces the need for extensive training, making it a popular choice for businesses looking for a quick and easy setup. Onboarding support is provided via Fathom’s team of experts.
This team includes qualified accountants and is available over the phone or via email. You can also access a vast repository of online assistance, including training videos and an extensive help centre featuring hundreds of articles.
Syft Analytics offers round-the-clock customer support via live messaging and video chats. You can also access hundreds of help articles on Syft’s Knowledge Center, online learning courses via Syft Campus and a financial advisor certification program.
Here’s a quick recap of how the two solutions compare across key areas:
Both platforms have their strengths, and it’s crucial to consider which features align best with your specific business needs.
For businesses looking for a Syft Analytics alternative or a more advanced tool, Fathom might be the better choice. However, for those prioritising affordability and multi-entity consolidation, Syft Analytics is an excellent solution.
This article is only a starting point for your research into Fathom vs Syft Analytics. Make sure you download fact sheets, view case studies and ask others about their experience with either solution.
A good place to start is by exploring Fathom’s product page. If you would like to try the solution firsthand, you can sign up for a free 14-day trial. You can also learn more about Fathom on our blog.
Whether you are considering Fathom, Syft Analytics 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.
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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