❗Note: Benchmarking divisions is an advanced feature of Fathom. If you wish to proceed, each benchmarked division will be billable on a monthly basis as a separate entity.
Can you benchmark divisions in Fathom?
Fathom's benchmarking features are a great way to easily create your own benchmark studies using entities in your Fathom account. Typically, they are used by franchise groups to gain clarity and transparency, as well as advisors to compare similar clients for more insights.
❗Note: Fathom does not provide access to external benchmarking data. All benchmarking data is sourced from within your own Fathom account.
You can use these benchmarking features to compare and rank your divisions in the same way. This will require you to import each division as a separate entity within Fathom.
You are able to benchmark divisions where the parent companies originate from different source accounting systems.
❗Note: Benchmarking divisions is only available for companies imported from Xero, QuickBooks Online, and MYOB AccountRight Live.
How to benchmark divisions
Use the following workflow to benchmark divisions in Fathom.
Now that you've benchmarked your standalone divisions, continue setting up the benchmark group you've created by choosing from the options below.
What you want to do:
Next step in setup process:
Set up your benchmark group’s segmentation for comparing and ranking entities in the group
Already set up segmentation and ready to select KPIs?