Annual planning and forecasting is complex, but what are the biggest challenges finance professionals and businesses owners face today when it comes to budgeting, forecasting and decision making?
We surveyed a range of financial professionals, accountants, and
business owners, to answer these questions.
Relying on traditional tools can create significant pain points:
As businesses grow, so does the complexity of their forecasting needs. Spreadsheets may suffice for smaller or simpler businesses, but as firms expand and need to produce more forecasts, scalability can quickly become an issue.
45% of respondents say spreadsheets become unmanageable as financial data grows.
With growth, spreadsheets can lack of flexibility and become static. This can make it hard to quickly adjust forecasts to reflect new data or market changes.
70% of survey respondents identified was the difficulty of communicating financial data to clients. While businesses may have access to detailed financial reports, conveying those insights to non-financial stakeholders clearly is a significant hurdle.
Fathom directly addresses the pain points identified in our survey by offering a modern alternative to Excel-based forecasting. Through automation and visualization, Fathom streamlines financial planning, improves accuracy, and increases client engagement:
Fathom automates the tedious tasks associated with data consolidation, budget updates, and cash flow forecasting, saving businesses time and reducing the risk of errors. This allows accountants and financial professionals to focus on more strategic, value-added activities.
Fathom's intuitive visual tools change complex data into clear, easy-to-understand reports. Whether it's a simple bar chart or a multi-dimensional scenario forecast, Fathom's visual tools help businesses easily
Fathom's intuitive visual tools change complex data into clear, easy-to-understand reports. Whether it's a simple bar chart or a multi-dimensional scenario forecast, Fathom's visual tools help businesses easily communicate their financial insights.
Fathom's automated forecasting capabilities allow businesses to run multiple scenarios and adjust their plans as needed, offering the flexibility that traditional budgeting methods cannot match.
Fathom automates the tedious tasks associated with data consolidation, budget updates, and cash flow forecasting, saving businesses time and reducing the risk of errors. This allows accountants and financial professionals to focus on more strategic, value-added activities.
Fathom's intuitive visual tools change complex data into clear, easy-to-understand reports. Whether it's a simple bar chart or a multi-dimensional scenario forecast, Fathom's visual tools help businesses easily communicate their financial insights.
Fathom's automated forecasting capabilities allow businesses to run multiple scenarios and adjust their plans as needed, offering the flexibility that traditional budgeting methods cannot match.
