Parallel Reviews & Product Details

What do you like best about Parallel?

My alternatives are long spreadsheets or no finance. With Parallel, I can easily model out future scenarios with very little finance background.

Basic & intermediate financial modeling advice is baked into the product, and the AI calls out when I do something that may be incorrect.

The support/success is unparalleled as well! Review collected by and hosted on G2.com.

What do you dislike about Parallel?

I don't find myself using it extremely often. I'm not sure it's connected to quite enough data sources to be a live source of truth.

Even though the Quickbooks integration is great, I would love to pass other data in there as well: Headcount, MRR, etc. Review collected by and hosted on G2.com.

What do you like best about Parallel?

We are a small team, early stage and don't have an accountant in-house who will prepare dynamic reports for cashflow and budgeting, Parallel does that, I can confidently predict the next months and mitigate any risks. In addition to it's ease of use, amazing support from the team and they keep on top of the quality. Review collected by and hosted on G2.com.

What do you dislike about Parallel?

I would want to see more features that recommend personalized actions to be taken based on my financials but I believe they are working on that. Review collected by and hosted on G2.com.

What do you like best about Parallel?

I use Parallel for my forecasting and book keeping.

By combining these two things together I am able to understand where I am spending money today, and make decisions on how I should spend it tomorrow. I couldn't live without it. Review collected by and hosted on G2.com.

What do you dislike about Parallel?

Nothing, software is great and the team is shipping new features quickly. Review collected by and hosted on G2.com.

What do you like best about Parallel?

Early stage venture-backed companies don't need to make budgets, they need to make smart bets.

Instead of GAAP financials, Parallel gives us 'decisionmaking financials' that help us decide when something we want to do actually accrues value to the company.

It was super easy to implement, we got to making decisions in a couple of hours instead of weeks for similar sfotware.

Want to hire an engineer? Let's check it increases velocity for the business. What about shut down this costly program? We use Parallel to show us what that _actually_ means for the company. Ultimately, it's finding the right things to optimize and care about. Review collected by and hosted on G2.com.

What do you dislike about Parallel?

They're building fast, but Parallel is still early, the AI is always improving (which also means it's not perfect). But their success team is incredible at filling in the gaps while they're building. Review collected by and hosted on G2.com.

What do you like best about Parallel?

Quick setup

Easy to run different scenarios of your business model

Easy to contact customer support

Can share a custom view of your model with investors easily Review collected by and hosted on G2.com.

What do you dislike about Parallel?

It's built as a tool to fully replace my manual spreadsheet - which can be a good thing, but has taken some time to migrate off of my sheet Review collected by and hosted on G2.com.

What do you like best about Parallel?

Before using Parallel, we made alot of decisions in our business off of "feeling" or what our customers said that day. Since using Parallel, we've made our all of our decisions based off our models, which has helped us feel more confident in the decsions we're making. Review collected by and hosted on G2.com.

What do you dislike about Parallel?

I was one of the earlier customers of Parallel, so I had some bugs in the beginning, but haven't had issues in the last six months. Review collected by and hosted on G2.com.

What do you like best about Parallel?

It's turned hours (and hours) or excel modeling into a few minutes of work every month. I know exactly what my burn is, how a new bet will impact that number, and helps me stay more on top of our finances. Review collected by and hosted on G2.com.

What do you dislike about Parallel?

I've been a customer for a few months and haven't found anything I dislike yet. Review collected by and hosted on G2.com.