January 30, 2026
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We are excited to share that Fathom has been recognised as the Featured App for Management Reporting in CFO Techstack’s State of the Stack 2026,the community guide to building a modern finance stack on Xero.
Appearing in 20 real finance team implementations, Fathom stood out as the reporting tool Xero users consistently rely on to turn accounting data intostrategic insight and board‑ready clarity. The report, sponsored by Xero and shaped by insights from 13,000 plus finance leaders, examines how modern teams build scalable finance functions without traditional ERP systems.
Created by CFO Techstack and powered by Mayday, this inaugural industry report aggregates more than 100 complete tech stackcase studies published in the weekly series How I Stacked It. Tools earn their place through repeated appearances in real implementations, not by vendor rankings.
Finance leaders today sit at the strategy table. They help shape value creation, manage risk, and keep operations predictable. Management reporting is how that mandate comes to life. It turns accounting data into clear insights, models possible futures, and supports forward‑looking decisions.
Teams connect Fathom to Xero to turn raw numbers into visual reports,meaningful KPIs, and forecasts. They standardise recurring packs, tailori nsights for stakeholders, and keep everyone aligned using live data.
“Fathom is our go‑to platform for producing clear, professional management accounts that clients actually want to read and get value from. It integrates with Xero seamlessly, and the high level of customisation means wecan present insights in a way that genuinely supports better decision‑making.”
Tom Hasted, Gravitate Accounting
“Fathom delivers high‑quality visuals and flexible graphs, and clients love the clarity and insights it provides. It helps businesses trackperformance against key metrics with ease.”
Ben Adams, Ben Adams Finance
A strong stack begins with Xero for accounting and Mayday for month‑endautomation. Fathom sits alongside as the strategic reporting layer. It transforms clean financial data into the intelligence leaders use to guide the business. That includes KPI tracking, board‑ready management accounts, cash flow forecasting, and multi‑period analysis.
“Fathom streamlines our consolidation process by automatically importing data from Xero to generate instant group‑wide financial statements. It makes forecasting and budgeting effortless, saving us valuable time. Although it requires some upfront setup, the benefits are well worth it, offering excellent value for its cost.”
Tom Benians, Finance Director at Uptick
The report highlights measurable outcomes from adopting the right tools. For example, Amalgamated Property Group reduced intercompany reconciliations from 2 to 3 days to 2 to 3 hours, automated previously manual on‑charge workflows, and unlocked multi‑period analysis for better business unitvisibility. Time saved becomes strategic capacity, not just operational relief.
Specialist FP&A platforms did not appear consistently in the tech stacks analysed. Many teams are using their reporting layer to build forward‑looking views and model scenarios. Because forecasting sits inside Fathom, teams can handle management reporting and planning in one integrated workflow. Fathom is renowned for its powerful three-way cash flow forecasting capabilities and visual planning tools.
“As a fast-growing business, we need to adaptrapidly to changes, whether positive or negative. Managing a large Excel modelfor cash flow was challenging. But with Fathom, we built a straightforwardmodel that lets us quickly recast long-term and medium-term cash flowforecasts.”
Steve Jarvis, CFO at Manufacture 2030
Modern stacks work best when data flows freely. Fathom’s Xero intergration provides:
• Native, secureconnection to Xero with scheduled and on‑demand syncs, so reports stay current without manual exports
• Fast multi‑company consolidation across multiple Xero organisations, including currency handling and comparative views
• Automatic import of your Xero chart of accounts and tracking structure, with simple configuration for groupings and presentation
• Board‑ready management reporting packs and templates that pull directly from Xero data and can be automated for delivery
• Built‑in forecasting and scenario modelling that use your latest Xero actuals to create forward‑looking plans and what‑ifs
“We need to produce consolidated reports acrossmultiple businesses in multiple currencies, and I’ve found Fathom offers the best (and prettiest!) reports for this purpose Ben Watiwat, SVP Finance, Immutable
Angad Soin, Xero's Managing Director for ANZ and Global Chief Strategy Officer, addresses the scalability question: "From early on, our vision was to enable businesses to scale with Xero, through an open ecosystem. Today, it' sexciting to see so many larger and more complex businesses operating with Xero and a best-in-class tech stack at the heart of their finance function." That mirrors what we see across Fathom users who scale without migrating to an ERP.
The report recommends starting with Xero for core accounting, then layering specialist apps based on need. For management reporting, Fathom is the community‑validated choice that turns accounting data into strategic clarity with visual reports, KPIs, and forecasting.
David Tuck, CEO of CFO Techstack, describes State of the Stack as asignal moment for finance teams, a definitive snapshot of how leading teams arechoosing to scale today.
Across the 20 Fathom implementations highlighted, teams typically adoptthe platform after outgrowing native Xero reporting, then scale from earlygrowth through 100 million plus revenue. They consistently value automatedrecurring reports, stakeholder customisation, and the seamless Xero integration.
“Fathom is a really important system to us. The ability to create varied,customised reports with automated commentary is critical, and it handles consolidations in a breeze.”
Ryan Barnes, Managing Partner at TWIYO
Most teams implement Fathom in three phases:
Who benefits most:
State of the Stack 2026 captures afundamental shift. Real businesses at scale are running on Xero‑based stacks,with Fathom as the strategic reporting layer. For teams that want reportingexcellence, this foundation delivers clarity for today and confidence fortomorrow.
For teams already using Xero
Assess your reporting requirements, connect Fathom to your Xero organisation ororganisations, choose a template or build your own report packs, automatedelivery, then extend into forecasting when you are ready.
For teams evaluating a Xero‑based stack
The State of the Stack report provides crucial validation: sophisticatedbusinesses are scaling successfully on Xero-based stacks. Fathom providesenterprise-grade reporting capabilities on Xero's flexible foundation.
Key questions:
If you answered yes, you likely don't need an ERP. Rather, you need Xero + Fathom + the right operational apps.
Start you free 14 day trial for Fathom now. No credit card required.
Fathom helps finance teams understand their numbers and make betterdecisions. Trusted by 99,000 companies globally, Fathom turns accounting datafrom platforms like Xero into visual reports, meaningful KPIs, and forecasts. Fathom has been named as the most popular app for Management Reporting in State ofthe Stack 2026.
CFO Techstack is a community of 13,000 plus finance leaders buildingmodern finance functions without traditional ERP systems. Powered by Mayday,CFO Techstack publishes editorially independent guidance that helps teamsdesign best‑in‑class stacks around Xero.
Georgie leads our Brand & Communications team. As one of the company’s first employees, Georgie is passionate about the product and its users. She has over 15 years of experience in communications in a variety of industries and holds a Bachelor of Business/Bachelor of Arts in Marketing and Public Relations.
