Grouping companies in Fathom
If you’ve imported multiple companies into a Fathom account, then you’re able to group those companies in consolidated or benchmark groups. You can create consolidated groups and benchmark groups of companies from different source accounting systems.
Consolidated groups allow you to combine or aggregate the financials of two or more companies to generate consolidated financial statements, analysis, reports, and forecasts.
Fathom enables you to create single currency consolidations of up to 300 companies and multi-currency consolidations of up to 50 entities.
Benchmark groups enable you to compare companies and groups to one another so you can undertake your own proprietary benchmark studies. Typically, a benchmark group represents a franchise group or a group of related companies.
For advisors, a benchmark group may represent a group of clients which operate in a specific industry vertical (e.g. retailers, SAAS companies, medical and/or dental practices, etc.). A benchmark group may also represent all the clients in a firm. Fathom enables you to create a peer group, or benchmark group, of like companies for the purpose of comparative analysis.
You're able to have up to 500 companies in a benchmark group.
❗ Note: Fathom does not provide access to external benchmark data, or data from any external organisations. Benchmarking is only available for company data that has been imported into your own Fathom account.
Preparing to Consolidate
Setting up your consolidation starts with importing financial data from your underlying entities. Once you’ve added more than one entity to your Fathom account, the option to create a consolidated group will become available.
Fathom consolidates financials based on account name and account classification. When you create a consolidated group, Fathom will consolidate the company’s financials, budgets, and KPIs. To most efficiently set up your consolidated group, start by setting up the underlying entities.
You’re now ready to create a consolidated group from your companies in Fathom!
Preparing to Benchmark
Setting up your benchmark group starts with importing financial data from your underlying entities. Once you’ve added more than one entity to your Fathom account, the option to create a benchmark group will become available.
You’re now ready to create a benchmark group! Go to 'Next Steps' to get started.
Begin the 'Consolidation Creation' or 'Benchmark Group Creation' workflows, choose from one of the options below:
Group type you want to create:
Consolidation Creation & Setup
Benchmark Group Creation & Setup
Start setting up your companies in Fathom first