Customer Success Stories Successful ERP Implementation - Parallels

Parallels

Leader in Virtualization and Automation Software Chooses Acumatica, Reduces Cost by 80%
Acumatica Cloud ERP solution for Parallels

About Parallels

Location: Worldwide with offices in Seattle, WA and Washington, DC, US

industry: Software & technology

Website: http://www.parallels.com

"Acumatica provided a consolidation solution that reduced the time and cost of producing and distributing reports by 80%."

Parallels Employee

Key results for Parallels

  • Reduced cost of preparing consolidated reports by 80%

  • Reduced reporting time from 4-5 days to 1-2 days

  • Reduced potential errors by eliminating manual processes

  • Provided role-based access to reports without deploying client software

  • Challenges
  • ERP Solution
  • Outcome

Challenges

Parallels needed:

  • Ability to consolidate reports and accounts across multiple international offices and subsidiaries
  • System access from dispersed geographical locations
  • Ability to consolidate different charts of accounts
  • Currency translation
  • Custom reporting
"Acumatica provided a solution to integrate our financial reporting across several systems, currencies, and offices. Since the solution is web-based, it was cost-effective to deploy across our international offices."

Parallels Employee

ERP Solution

Parallels considered add-on solutions provided by several existing vendors as well as a Hyperion (Oracle) solution. Acumatica was selected because it provided a system which met Parallels’ complex business requirements with a low total cost of ownership. The web-based system was able to serve all international locations after being deployed on existing hardware in the Parallels on-premise datacenter.

Outcome

Acumatica provided a single automated system to translate currencies, consolidate ledgers, and implement customized reports.

Customized roles were created to support the existing operational and approval processes established by Parallels. This allows employees in the parent company to see the complete set of consolidated books, while subsidiaries can only access sections that pertain to their business.

Parallels deployed Acumatica in their existing datacenter and set group security permissions so the system could be accessed by team members around the world. Since no client software is required, new employees can be granted privileges and start using the system immediately.

Acumatica improved the Parallels consolidation process, saving on time, accuracy, and providing additional business insights.

Acumatica Cloud ERP Mobile
Application replaced:
QuickBooks, Sage and Microsoft Dynamics SL

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