Customer Success Stories Successful ERP Implementation - Parallels
Leader in Virtualization and Automation Software Chooses Acumatica, Reduces Cost by 80%
Download Case Study
Acumatica Cloud ERP solution for Parallels
Headquarters
Worldwide with offices in Seattle, WA and Washington, DC, US
Industry
Software & technology
Apps Replaced
QuickBooks, Sage and Microsoft Dynamics SL

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
"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
Parallels
Challenges
ERP Solution
Outcome
Challenges

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
ERP Solution

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

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.

Discover Related Customer Stories

Sciessent successfully implemented Acumatica Cloud ERP system
Sciessent
Acumatica Improves Global Company’s Connections with Staff and Customers
Antenova Limited successfully implemented Acumatica Cloud ERP system
Antenova Limited
Antenova Amplifies Connections and Improves Operations with Acumatica
PayWith successfully implemented Acumatica Cloud ERP system
PayWith
Startup Builds Flexible, High Volume Platform on Acumatica

Ready to see Acumatica in action?