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Parallel

Website LinkedIn

Last updated on

Company health

Employee growth
44% increase in the last year
Web traffic
23% increase in the last quarter
Financing
May 2023 - $2M

Ratings

G2
4.5/5
(4)

Parallel description

Parallel is a financial tool designed for young companies. It helps you understand important financial aspects of your business such as your company's spending, income, and how long you can operate before needing more funding. This software simplifies financial planning by removing the need for complicated spreadsheets.


Who is Parallel best for

Parallel simplifies financial planning for young, venture-backed companies. It helps track spending, income, and runway without complex spreadsheets. This tool is ideal for small to medium-sized businesses, especially in the tech industry looking to understand their financial health.

  • Ideal for small businesses (1-100 employees), a good fit for medium businesses (101-1000 employees).

  • Well-suited for venture-backed companies, particularly in the technology sector.


Parallel pricing

The commentary is based on 1 reviews from Parallel G2 reviews.

No pricing information found.

See the Parallel pricing page.


Parallel alternatives

  • Logo of Octopus AI
    Octopus AI
    AI-powered financial planning for startups, simplifying money management.
    Read more
  • Logo of Syft
    Syft
    AI-powered financial insights for smarter business decisions.
    Read more
  • Logo of Apliqo
    Apliqo
    Unified planning and analysis for faster, smarter decisions.
    Read more
  • Logo of Apliqo
    Apliqo
    Unified planning and analysis for faster, smarter decisions.
    Read more
  • Logo of Apliqo
    Apliqo
    Unified planning and analysis for faster, smarter decisions.
    Read more
  • Logo of Apliqo
    Apliqo
    Unified planning and analysis for faster, smarter decisions.
    Read more

Parallel FAQ

  • What is Parallel and what does Parallel do?

    Parallel is financial software designed for startups to understand their finances, including spending, income, and runway. It simplifies financial planning, eliminating complex spreadsheets, and is ideal for young, venture-backed tech companies.

  • How does Parallel integrate with other tools?

    There is no information available regarding Parallel's integrations with other tools. However, it's designed to simplify financial planning for young, venture-backed companies, particularly in the technology sector.

  • What the main competitors of Parallel?

    Top Parallel competitors include Octopus AI, Pro-Forma, and MAUS Hub. These alternatives offer similar financial planning and analysis tools for startups and small to medium-sized businesses. They focus on simplifying financial management, forecasting, and investor relations.

  • Is Parallel legit?

    Parallel appears to be a legitimate financial tool for startups, judging by its website traffic growth and employee growth. It helps young companies understand their finances and plan for the future, removing the need for complex spreadsheets.

  • How much does Parallel cost?

    I couldn't find pricing details for Parallel. For the most current pricing information, it's best to check their official website or contact their sales team.

  • Is Parallel customer service good?

    Parallel's customer service is described as "incredible" at filling the gaps while the software is still under development. Users appreciate the support they receive from the success team, even though the AI component of the product is still being improved.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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