Fathom
Fathom is a financial reporting and analysis software that transforms your accounting data into visual reports, automated insights, and forward-looking forecasts to help you make better business decisions.
SOFTRAX
SOFTRAX provides automated revenue recognition and billing software to help you manage complex financial compliance and recurring contract lifecycles in a single platform.
Quick Comparison
| Feature | Fathom | SOFTRAX |
|---|---|---|
| Website | fathomhq.com | softrax.com |
| Pricing Model | Subscription | Custom |
| Starting Price | $55/month | Custom Pricing |
| FREE Trial | ✓ 14 days free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2010 | 1999 |
| Headquarters | Brisbane, Australia | Canton, USA |
Overview
Fathom
Fathom is a reporting and financial analysis tool that helps you see exactly how your business is performing. Instead of digging through complex spreadsheets, you can create beautiful, automated reports that highlight the metrics that matter most to your stakeholders. You can easily track key performance indicators, monitor trends, and compare different entities or branches side-by-side to identify growth opportunities.
The platform simplifies the way you handle consolidations and multi-currency reporting, making it ideal for franchises or companies with multiple locations. You can also build detailed financial forecasts and 'what-if' scenarios to plan for the future with confidence. It connects directly to your existing accounting software, ensuring your data is always up-to-date and accurate without manual entry.
SOFTRAX
SOFTRAX helps you automate the most complex aspects of revenue recognition and billing. If you struggle with spreadsheet-based accounting or manual workarounds for ASC 606 and IFRS 15 compliance, this platform centralizes your financial data to ensure accuracy. You can manage diverse revenue streams, including subscriptions, milestones, and usage-based models, without switching between multiple disconnected systems.
The software is designed for mid-to-large enterprises in industries like software, high-tech, and business services. By integrating directly with your existing ERP or CRM, you can eliminate manual data entry and reduce the risk of audit failures. It provides a clear audit trail and real-time visibility into your financial health, allowing your finance team to focus on analysis rather than data manipulation.
Overview
Fathom Features
- Automated Reporting Create professional, branded reports in minutes using pre-built templates that sync automatically with your accounting data.
- Visual Analytics Transform dry financial numbers into interactive charts and graphs that make it easy to spot trends and outliers.
- Financial Forecasting Build three-way forecasts and model different business scenarios to see how today's decisions impact your future cash flow.
- KPI Tracking Choose from over 50 standard KPIs or create your own custom metrics to monitor what drives your business success.
- Multi-Entity Consolidations Combine financial data from multiple companies or branches into a single view with automated currency conversions.
- Benchmarking Tools Compare the performance of different business units or clients against each other to identify top performers and laggards.
SOFTRAX Features
- ASC 606 Compliance. Automate the five-step revenue recognition process to ensure you stay compliant with the latest accounting standards effortlessly.
- Complex Billing. Manage subscriptions, renewals, and consumption-based billing models in one place to simplify your invoicing cycles.
- Contract Management. Track the entire lifecycle of your customer contracts and automatically trigger revenue events based on specific milestones.
- Multi-Book Accounting. Maintain multiple sets of books simultaneously to compare different accounting treatments or manage international reporting requirements.
- Automated Renewals. Set up automated renewal workflows so you never miss a recurring revenue opportunity or a contract expiration date.
- Financial Reporting. Generate detailed revenue forecasts and audit-ready reports to give your leadership team instant visibility into future earnings.
Pricing Comparison
Fathom Pricing
- All reporting and analysis features
- Financial forecasting tools
- Consolidations and benchmarking
- Unlimited users
- Direct accounting integrations
- Standard and custom KPIs
- Everything in Starter, plus:
- Volume discount per company
- Multi-entity reporting
- Consolidated group analysis
- Intercompany eliminations
- Global currency support
SOFTRAX Pricing
Pros & Cons
Fathom
Pros
- Beautiful visual reports that are easy for non-accountants to understand
- Seamless integration with Xero, QuickBooks, and MYOB
- Saves hours of manual work on monthly reporting packs
- Powerful consolidation features for complex business structures
Cons
- Initial setup of custom KPIs can be time-consuming
- Forecasting module has a steeper learning curve than reporting
- Pricing can become expensive for firms with many clients
SOFTRAX
Pros
- Handles extremely complex multi-element arrangements easily
- Reduces month-end closing time significantly through automation
- Provides a robust audit trail for compliance
- Integrates well with major ERP systems like NetSuite
Cons
- Implementation requires significant time and technical planning
- User interface feels dated compared to newer SaaS
- High learning curve for non-technical accounting staff