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How does forecasting work in Fathom?
Fathom enables 3-way forecasting (Profit & Loss, Balance Sheet, Cash Flow Statement). You can also bring in data outside of your financial results for driver-based forecasting.
Forecasting in Fathom begins by creating your forecast. Once your forecast is created, you’ll be able to further customise and tailor the forecast’s baseline to the company or consolidated group. After setting up the baseline, you’ll be able to better strategise and plan for business actions and scenarios.
By default, Fathom enables you to forecast 3 financial years into the future beyond the current financial year. You have the option to extend the forecast to 5 years beyond the current financial year after you've created your forecast.
Get Started with Forecasting Workflow
To get as much value from Fathom's forecasting tools as possible, we recommend the following workflow:
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💡Smart Tip: If you're an Advisor or Admin-level user on a Fathom account, you can follow and complete the Forecasting Checklist steps within Fathom. Launch the Forecasting Checklist
Create your forecast
To create a forecast and access the forecasting tool:
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Training videos
💡Smart Tip: Everyone can watch a 19-minute Forecasting Overview video to learn about forecasting in Fathom.
Admin and Advisor level users can access short training videos from the left sidebar of the forecast.
Next steps
After you've created your forecast, you're ready to start forecasting your baseline:
Learn more