Fathom integration for better Business Guidance
The financial tool that ALL Consultants, Coaches & Advisors need to use.
In the world of Business Consulting and Advisory, it’s our job to know about everything. We found a service that is truly game-changing, allowing for less work and a better end result. We’re excited to announce we’ve integrated ConsultX with FathomHQ to make the ConsultX experience even better for our Business Consultants.
What is Fathom?
Fathom is a world-leading accounting intelligence company and when we found Fathom, we were so impressed that we needed to integrate it into ConsultX.
Fathom is to world’s best financial & performance reporting software. It allows you to generate reports, create forecasts & budgets and analyze a business. Using templates, artificial intelligence and a proven advisory framework, Fathom does the heavy lifting for you, so you can focus on Consulting, Coaching, and Advising your clients.
Why do we use Fathom?
As a world-leading Complete Business Consulting Solution, we believe this will provide our Business Consultants with an additional tool to continue to grow the profit, growth, and value of their clients’ businesses.
At ConsultX we provide everything you need to become a successful Business Consultant, Coach, or Advisor. That includes Training, Certification, Support, Software, Resources, and more, so you can grow a highly profitable business to suit your lifestyle. We’re continuously working to make ConsultX better and stay up with the latest developments in business consulting, which is why bringing Fathom on board was a no-brainer.
How does Fathom work?
Fathom draws financial data from a business or organization’s financial accounting software, or reporting spreadsheets for measurement, benchmarking, reporting, and analysis.
Additionally, non-financial KPIs can also be imported for including in reports and dashboards.
As a Business Consultant, Coach or Advisor, you’ll want to keep a close eye on the performance of your clients. This will help you to guide them in the right direction, avert problems and generate genuine growth.
What do we use Fathom for?
As a ConsultX business consultant, you can use the amazing software by Fathom to blow the socks off your clients (even more). Let’s take a quick look at the main features:
Forecasting
About budgeting and forecasting
Create a complete Budget whilst coming up with a Business Plan. You can use the ‘micro forecast’ feature to see and plan for the financial impact of every single piece of the business plan.
Scenarios
Want to generate multiple forecasts to project what will happen given differing scenarios? Fathom gives you the ability to gauge best-case and worst-case happenings, so you can ensure clarity, no matter what.
Micro forecasting
This incredibly powerful tool allows you to simulate an plan for growth, and overlay it on your main forecast, budget, or scenarios. This could be the purchase of a new asset, the leasing of a site, hiring of new staff - basically anything that you can dream of. You’ll then be able to assess the profitability and cash flow impact this project will have on the business.
Reporting
On a monthly basis, our consultants will prepare management reports to be reviewed by the owner and management team. Fathom makes producing outstanding reports a breeze.
About Reporting
Produce simply beautiful reports to review business performance with relevant and easy-to-understand visualizations. A combination of templates, artificial intelligence, and pre-configured rules seriously cuts down time when producing reports, with full customization ability for those who need them.
Financial
Fathom accels at displaying and analysing the financial data of a connected business. The best part is the automated analysis and visualization that speaks the portrays performance in a medium most SME business owners understand.
Non-Financial
You’ll have the ability to add non-financial data, KPIs and written information in reports. This helps to give you a complete picture of the businesses performance and a report with depth.
Finally understand cashflow
One of our personal favorites from Fathom is their Cashflow visualization. This is a graphical representation of the money that flows in and out of a business, which is all too often misunderstood by business owners and managers alike.
Analysis
About Analysis
Performance measurement doesn’t just need to be in preparation for a monthly management meeting. A connected company can be analyzed at any point in time, so you’ll have the ability to check financial progress throughout the month ensuring your client is on track.
Goal-seeker
Use the ‘Goal-seeker’ tool to look for opportunities to improve profit, cash flow, or other financial metrics. Combined with our own ‘Profit Booster’ tool, you’ll become a Professor of Profit!
Fathom Integrations
ConsultX
Fathom is Integrated with the ConsultX System. All of our members have access to the complete software for use with their business clients, completely included with your ConsultX membership or subscription.
Accounting Software
Fathom draws data from a direct connection with popular accounting software such as Quickbooks, Xero and MYOB. Additionally, Excel can be used to import data from almost any other accounting package available.
Fathom takes your offering to the next level
We partnered with Fathom because we’ve seen how powerful this information can be when presented to business owners and managers. Coupled with a Business Consultant, Coach or Advisor, this information becomes part of the driving force behind improving a business and keeping it on the path to success.
We’d like to show you more!