Accounting.BI vs Fatham - Alternative to Fatham Reporting

November 26, 2024

Introduction

Are you tired of paying high prices for limited financial dashboards? Accounting.BI offers a revolutionary solution for businesses seeking comprehensive financial data and advanced reporting capabilities. Unlike traditional financial dashboards, Accounting.BI provides unmatched flexibility and a wide range of features, surpassing the constraints of Fathom.

What Makes Accounting.BI the Best Option for Financial Reporting?

Accounting.BI stands out as the best alternative to Fatham Reporting for several reasons:

1. Ease of Use: Quick implementation and an intuitive user interface make it simple to generate insightful reports without a steep learning curve.

2. Affordability: Competitive pricing ensures that small to medium-sized businesses can take advantage of robust reporting features without excessive costs.

3. Real-Time Data: Instant access to updated financial data empowers decision-makers to act quickly and confidently.

4. Automation: The platform automates many financial reporting tasks, freeing up time for strategic business decisions.

5. Customizable Dashboards: Create tailored reports and dashboards to focus on the metrics that matter most to your business.

6. Seamless Integration: Easily integrates with existing accounting tools, saving businesses time and effort.

In-Depth Insights: Why Accounting.BI Outperforms Fatham in Financial Reporting

  • Flexibility 

Accounting.BI breaks free from the restrictions of pre-built templates within Fathom. With the ability to link to over 100 different data sources, it allows you to synchronize your Xero and Sage accounting data in real time to Excel and PowerBi. Customize your financial dashboards using your own Excel or PowerBI skills.

  • Affordability: Best Value for Money

Save Big: A Tool for Every Budget: Budget constraints should never limit a business’s ability to access top-tier financial tools. 

For small to medium-sized businesses, Accounting.BI offers the best value for money. Unlike Fatham, which can be expensive and geared towards larger enterprises, Accounting.BI is priced competitively, making it accessible to a wide range of businesses. This affordability does not come at the expense of functionality—Accounting.BI delivers powerful reporting and automation features without the high costs associated with more complex tools like Fatham.

Here’s a detailed comparison:

  • Starter Plan: £5/month (compared to Fathom’s £36/month)
  • Silver Plan: £25/month (compared to Fathom’s £200/month)
  • Gold Plan: £50/month (compared to Fathom’s £300/month)
  • Platinum Plan: £100/month (compared to Fathom’s £480/month)
FeatureFathomAccounting.BIPercentage Savings
Starter Plan£36/month for 1 company£5/month for 1 organization86.11%
Silver Plan£200/month for 10 companies£25/month for 5 organizations87.50%
Gold Plan£300/month for 25 companies£50/month for 10 organizations83.33%
Platinum Plan£480/month for 50 companies£100/month for 20 organizations79.17%
More than 50 companiesCustom pricingPrice on application for over 20 organizationsCustom pricing

This table above highlights the significant cost savings when choosing Accounting.BI over Fathom.

By choosing Accounting.BI, you can save up to 87.5%—without sacrificing key features. These savings are especially impactful for small to medium-sized enterprises (SMEs) looking to reinvest their budget elsewhere. Why pay more when you can get the same value for less?

  • Ease of Use: Simplicity Over Complexity

Accounting.BI redefines accessibility with its user-friendly interface. Whether you’re a small business owner with no finance background or an experienced accountant, the platform is easy to navigate. The drag-and-drop functionality, easy report generation, and real-time dashboards ensure that businesses can quickly generate and review reports without the need for a finance expert to interpret the data.

Key Highlights:

  • Intuitive dashboards and drag-and-drop functionality.
  • Minimal setup time to start generating detailed reports.
  • Real-time insights presented in simple visualizations.

Why it matters: Unlike Fathom, which can be overwhelming with its complex features and steep learning curve, Accounting.BI is designed to be intuitive and easy for users of all skill levels. Whether you are a small business owner, an accountant, or a non-financial manager, you can start creating insightful financial reports with minimal training.

  • Real-Time Data for Better Decision Making: Insights You Can Trust

Accounting.BI offers real-time financial insights to keep businesses ahead of the curve.

In today’s business environment, staying ahead of financial trends requires real-time insights. Accounting.BI provides up-to-date financial data, allowing businesses to make quicker, more informed decisions. This is an area where Fatham struggles, as it can sometimes take time to gather and process large volumes of data.

Features at a Glance:

  • Automatic updates ensure reports reflect the latest data.
  • Live dashboards for tracking cash flow, expenses, and revenue trends.
  • Seamless integration with accounting software for continuous data synchronization.

Why it matters: With Accounting.BI, businesses can access live data that automatically updates, ensuring that every report reflects the most accurate and current financial picture. This helps managers, business owners, and stakeholders stay on top of cash flow, budgeting, and other key financial metrics.
While Fathom provides powerful analytics, it often requires manual effort to gather and process data, slowing decision-making. Accounting.BI removes this bottleneck.

  • Automation Features: Save Time, Reduce Errors

Accounting.BI shines in its automation capabilities. Generating reports, reconciling data, and tracking financial performance are all automated processes, which significantly reduce the manual effort required to maintain financial transparency. For businesses with tight resources, this means less time spent on tedious tasks and more focus on strategic decision-making.

Fatham, on the other hand, while powerful, can require more manual intervention to set up customized reports and dashboards. For many businesses, this added complexity can be a deterrent, especially when simpler, automated solutions like Accounting.BI are available

  • Customizable Dashboards for Tailored Reporting

Accounting.BI allows users to create custom dashboards that can track the financial metrics most relevant to their business. Whether it’s revenue tracking, expense management, or cash flow analysis, Accounting.BI ensures that users can see the data that matters most to them in real-time. This level of customization is particularly valuable for growing businesses that need to pivot quickly and make adjustments to their financial strategies.

While Fatham also offers customization, its approach requires more advanced skills to tailor reports and dashboards effectively. Accounting.BI, on the other hand, allows businesses to create reports without the need for an extensive technical background.

  • Seamless Integration with Popular Accounting Tools

Accounting.BI integrates seamlessly with popular accounting software such as QuickBooks, Xero, and ZohoBooks. This means that businesses can continue to use their existing tools and leverage Accounting.BI for more advanced reporting and analytics.

This level of integration is essential for businesses that already rely on certain accounting platforms. Fatham, while offering integrations with ERP systems, tends to be more complex and tailored to businesses with large-scale operations, which may not be necessary for smaller or medium-sized companies.

Remarkable Features of Accounting.BI

Now, let’s explore the remarkable features of Accounting.BI:

Accounting.BI is a comprehensive accounting business intelligence system that offers extensive features, cost savings, and unparalleled flexibility. With the ability to connect to various data sources, customise reports, and receive expert support. Our online FP&A solution empowers business owners & accounting firms to make informed decisions and provide valuable insights to their clients. 

Our Key Features include: 

  • Xero & Sage Consolidation: Effortlessly connect and report on multiple Xero or Sage organisations.
  • Printable Financial Statements: Access professional management accounting reports that update in real-time.
  • Dynamic Management Accounting Reports in Excel & PowerBI: Gain dynamic insights into your business performance.
  • Ownership of Intellectual Property: Retain ownership of your management reports and financial dashboards.
  • ACCA & AAT Qualified Support: Receive expert guidance from our in-house team of accountants.
  • Access to Excel and PowerBI Experts: Communicate directly with our team of experts.
  • Forecasting & Budgeting: Set up dynamic connections between your dashboard and our Excel-based budgeting solutions.
  • Daily Cashflow Forecasting: Stay updated with real-time data feeds to your Xero or Sage organisation.
  • User Level Reporting Restrictions: Control access and ensure data privacy within your organisation.
  • Custom Functions: Create any KPI or calculation you desire.
  • DAX Programming: Leverage your PowerBI Developer or seek assistance from our in-house team.

Choose Accounting.BI, Save More, Do More

For businesses that value their time and money, the choice is clear: Accounting.BI delivers premium financial reporting at a fraction of the cost of Fathom. Why settle for overpriced solutions when you can achieve better results with Accounting.BI?

Discover the smarter way to manage financial reporting. Visit Accounting.BI today and see how much you can save!

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