Fathom vs. Dryrun
Up next in our School for SaaS tools article series is financial reporting tool Fathom. With good reviews from users, the intent of our article here is to compare Fathom with Dryrun so that users and potential users are able to quickly evaluate and action the software that is the best fit for their business (and potentially their clients’ business).
Each article examines the core questions of: what will business growth or profit look like with the right SaaS tool? Which cash flow forecasting app is right for me? Take a look at other articles for a comprehensive overview of the best financial software that the industry has to offer.
If you’re after beautiful and powerful cash flow forecasting, Dryrun is king in the industry. However, reading more about what other apps offer is never a bad thing – it’s important that customers use software that works for their business and meets their needs.
Up this month: Fathom vs. Dryrun!
Fathom vs. Dryrun
Each software app that we review is as unique as a fingerprint in how developers analyze, compile and visualize various financial data. Like Futrli, Fathom is centered around beautiful reports creation that integrates with accounting software giants like Xero and Quick Books Online. Ideal for some businesses but not for all, our in-depth comparison is a time investment that every business owner, accountant, and senior exec should make time for.
Fathom App Overview
Built for medium to large businesses that require numerous visualizations on financial and non-financial KPIs, benchmarks, and to a lesser degree, cash flow, Fathom users can build/customize/view reports in a variety of ways. Fathom makes data entry easy by integrating with QuickBooks Online, MYOB and Xero to get live data into the reporting framework.
Dryrun App Overview
Dryrun’s backbone is the rapid assembly of a flexible budget that is easy to understand and that continues forever. From there, unlimited cash flow and sales forecasting visualizations – aid businesses in their forward-focused operations.
Dryrun was built for business owners throughout a variety of industries such as the creative industry, manufacturing, viticulture and service firms. Varying bills and invoices can have a cataclysmic effect on cash flow if not managed proactively. Accountants also see the value in Dryrun for managing and advising their clientele across professions, as do those in finance within larger organizations.
Straightforward to use and a powerful way to forecast operational decisions, users bring their data to create, manipulate and visualize different future ‘what-ifs’ on Dryrun’s platform, which also features the ability to easily compare and contrast scenarios. As both a trusted Xero Connected App and a QuickBooks Online App, users can easily import their day-to-day data – or use Dryrun’s interface to flexibly enter recurring financials and from there add bills and invoices.
Dryrun also integrates with Pipedrive for creating highly actionable sales forecasts that can be viewed with your budget and cash flow to illustrate to execs and your sales team which next steps are going to be of greatest value for business growth.
Founded in 2012
Head office in Brisbane, Australia
Cloud, SaaS, Web
Founded in 2012
Head office in Canada
Cloud, SaaS, Web
Strength: Builds reports from historical and current financial data; focus on KPIs.
Strength: Allows users to build flexible forecasts by comparing multi-variable scenarios.
Forecast: KPI and financial consolidation
Entry price of $39 USD/month
Premier Plan: Gold Plan is $280 USD/month; Enquire for custom solutions
14-day Free Trial
Forecast: Cash flow, budget & sales projections
Budget: Custom built budget
Standard of $59 USD/month
Business Pro price of $99 USD/month
Advanced: Advanced Collaboration for Advisors and Teams
30-Day Free Trial
Live online support during business hours
Training & webinars
Live online support during extended business hours
Knowledge base, Training docs, 1:1 training
Phone and email contact during business hours
Features: KPIs, performance tracking, reports generation, reports analysis, currency consolidation, benchmarking, customizable reports, PDFs, consolidation, exception analysis, alerts, historicals
Features: flexible and visual “What If” scenarios, cash flow management, operational strategy based on forecasting, easy recurring budgets, accounts payable and expense tracking, accounts receivable, bank reconciliation, billing and invoicing, multi-company, multi-project, prospectives and hypotheticals, business intelligence, version control, PDF/Excel export, easily collaboration.
As outlined above, there is a lot of variation between how these two pieces of software approach the role of business intelligence and its effect on operations. With the core strengths of each app on display, it’s a lot easier to decide what might best suit your business.
If your business needs reports and has some time and human resources to spend working with Fathom, it might be the best choice. In the trenches and need a way of visualizing operational next-moves? Dryrun was built to visually model out scenario after scenario and then toggle them to compare how they’ll affect your ops over time or from day to day.
Speaking of hypotheticals, Dryrun is also a world-class sales forecasting tool, built to help you understand how sales can impact your cash flow. The powerful manual control and data entry features work well with integrations from Xero, QuickBooks Online and Pipedrive.
Interested? Try Dryrun today through our no-hassle free trial.
Want to read other articles in our School for SaaS Tools Comparison Series? Find them here:
Next up in our series:
Spotlight vs. Dryrun