Case Study: Parallels achieves 80% reduction in consolidation costs and faster reporting with Acumatica

Leader in virtualization and automation software chooses Acumatica, reduces cost by 80%

Parallels, a global leader in virtualization and automation software, faced a complex finance challenge after rapid growth and acquisitions left it with multiple accounting systems, disparate charts of accounts, and manual Excel-based consolidation across international offices. The company needed a centralized, accessible way to translate currencies, consolidate ledgers, and produce accurate consolidated reports for decision makers worldwide.

Parallels implemented Acumatica’s web-based financial system on its existing datacenter, enabling automated currency translation, consolidated accounting, role-based access, and customized reporting without client software. The solution cut consolidation time from 4–5 days to 1–2 days, reduced the cost of preparing consolidated reports by 80%, and eliminated many manual errors while improving information sharing.

Parallels

Samuel Hahn

VP Finance