Pry Alternative for Financial Forecasting and Modeling
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From hiring to fundraising, Parallel helps startups make faster, more confident decisions with a financial forecast they trust.
Used by Startups Funded by
We kept hearing the same story from founders: “I have a spreadsheet, but I don’t trust it.”
From scenario modeling to burn and runway tracking, we built Parallel to give you the tools to confidently answer questions like: Can I afford this hire? When will I run out of cash? What do I need to raise? No more spreadsheets or time-consuming workflows. Just clear, reliable answers. Track your burn rate, model your runway, and plan your raise – without the complexity.
Use Cases
Built for the Decisions that Matter
Parallel gives you the confidence to tackle the most critical problems in your startup
Runway Clarity & Burn Management
Get a real-time view of your forecasted runway, burn rate, and key metrics — automatically updated with actuals from your accounting software. Make fast, confident decisions without second-guessing your data.
Smart Hiring & Spending
Instantly explore what-if scenarios, model hires and expenses, and forecast your cash needs with clarity. See how each decision affects your runway before you commit. No surprises, just smart growth.
Fundraising & Investor Updates
Forecast how much to raise, how long it will last, and what it unlocks. Parallel lets you model funding scenarios, show how a new round extends your runway, and easily share clear, credible data with investors.
Product Features
Powerful Capabilities, Simple to Use
All the tools you need to model, track, and plan. No steep learning curve. No black box.
Scenario Modeling
Easily explore what-if scenarios and see the trade-offs of hiring, spending, or fundraising decisions across your financial KPI's
Financial Dashboards
Understand your burn, runway, and key metrics — always accurate & ready to share
Headcount Planning
Understand how hiring decisions affect your runway, growth, and team efficiency
Budget vs Actuals Comparison
Catch overspending fast and update your forecast with real-time actuals
Shareable Reports
Send clean, reliable reports to investors or your team in moments
Strategic Guidance
Get insights for your business across hiring, fundraising, vendor spend, and more
Integrations
Connect QuickBooks or other accounting tools to keep forecasts accurate and always up to date—automatically
Customer Stories & Tesimonials
Trusted by Startups
“In just a few weeks, Parallel has already paid for itself. It opened the black box of my finances and empowered me to know where to concentrate my efforts.”
Caleb Hicks
CEO, SchoolAI
Frequently Asked Questions
How do I calculate runway?
A basic runway calculation divides your current cash by your monthly burn rate—for example, $500k in the bank and $50k in monthly burn equals 10 months of runway. This method does oversimplify the data. Parallel goes beyond static math by factoring in actual expenses, planned hires, changing revenue, one-time costs, and payment timing to project your real cash runway. It acts as a live, dynamic calculator that updates automatically, helping you understand not just how long your cash will last, but how key decisions impact your financial future.
What’s the difference between accounting and forecasting?
Accounting tracks what already happened—how much you spent, earned, and where the money went. Forecasting maps out what’s coming next based on your plans for growth, spending, and hiring. Parallel connects the two by pulling in your actuals and projecting what’s ahead, so you can make smarter decisions with a clearer view of the future.
Do I need a finance background to use Parallel?
No, many early-stage companies manage finances in Parallel on their own before they hire a CFO. Parallel is built for exactly this scenario. It gives you CFO-level clarity and insights without the full-time CFO cost. You’ll get guided financial planning, scenario analysis, and real-time metrics that help you make informed decisions. This means you can delay hiring a finance person until you’re bigger, while still staying on top of your numbers.
Why shouldn’t I just use spreadsheets for my startup’s finances?
Spreadsheets can certainly work at first, but they often become fragile and time-consuming as your business grows. Startups commonly say “I have a spreadsheet, but I don’t trust it” – manual sheets are prone to errors and constantly need updates. Parallel takes away that headache. It automatically updates your data (no more version control nightmares), ensures consistency, and provides clear dashboards. In short, it gives you financial clarity without the typical spreadsheet chaos, so you’re not second-guessing your model every time something changes.
How quickly can I set up Parallel for my startup?
Very quickly – you can go from sign-up to seeing insights in just a few hours. Parallel is designed to be simple to use with minimal setup. You connect your accounting data (like QuickBooks) and input a few basics about your finances, and Parallel does the rest. There’s no steep learning curve or complicated configuration – even without a finance background, you can have your forecast up and running the same day, and it requires little upkeep to stay accurate.
How does Parallel connect to my accounting software?
Parallel integrates directly with QuickBooks, Xero, and other popular accounting tools. Once connected, your actuals flow in automatically — keeping your forecast fresh without any manual data entry. Setup takes about 15 minutes.
How is Parallel different from other forecasting tools?
Most forecasting tools are built for finance teams. Parallel is built for founders. That means it’s simpler to set up, easier to understand, and always connected to your real numbers. You don’t need a CFO or a finance background to model your runway, plan hires, or prep for a raise.
Know your numbers. Decide with confidence
See your numbers, your growth, and your model
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