The Best Forecasting Software
TL;DR - Comparison spreadsheet at the bottom
Last week when I was at the Intuit Connect conference in Vegas, I put myself on a mission:
Demo all of the Reporting & Forecasting apps available (which included: Jirav, Syft, Fathom, Liveflow, Reach Reporting, and Spotlight Reporting)
Because:
1. I geek out over FP&A (financial planning & analysis) tech
and
2. People often ask me why I don’t use [insert a software that isn’t Fathom] in my firm, and I don’t really have a good answer. Because that’s all I knew of 4 years ago? Because I saw a random webinar on it?
So I was on mission to determine if there was a “best” forecasting platform in the industry.
The verdict after visiting all booths?….
In truth, they all perform the same basic functions with some different nuances, user interfaces, and pricing structures. I don’t think there’s an overall “best” in the industry, but there’s probably a “best” for you and your preferences.
Just to prove the point, as I demo-ed everything, I was further convinced that Fathom is the best platform for what I do.
At the same time, Matt Chiapetta (on this list), emailed saying that he was using Fathom and Syft, just switched to Liveflow and is so happy.
We can both be right!
Liveflow can be the best for Matt. Fathom can be the best for me. And maybe Syft is the best for you.
The important reminder is that you have to do your own research and pick what feels right for you as you develop your reporting and forecasting offerings.
WANT THE DETAILS ON EACH PLATFORM?
[Ledger syncing, timing frequency, price (some big variances there), cool features, and also what free sway each company was giving out]
I, of course, made a spreadsheet for that…
Erica’s Forecasting Software Rundown
Enjoy,
Erica
PS - Non-forecasting platform honorable mention goes to Anchor for having a really compelling offer for sending out service agreements and collecting fees. So compelling that I might have to reconsider my current process.
Behind-the-scenes in my business this week:
Week 1 of close activities happening in the business this week, plus onboarding a new client (very exciting). I also have been dabbling in creating Chat GPT assistants to help with some of my admin, marketing, and IRS research work…VERY interesting and helpful.
Best of all, I’m cutting out of work early tomorrow to be the “Mystery Reader” for 4th grade. And yes, I AM reading them a money book.
Money back guarantee, if you get in there and don’t see the value. No questions asked.
More details in the link above.