Parallel vs Workday Adaptive Planning
Parallel
getparallel.comWorkday Adaptive Planning
workday.comSide by side
| Figure | Parallel | Workday Adaptive Planning |
|---|---|---|
| Price from | $100/mo | — |
| Free plan | — | — |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | — | Yes |
| macOS | — | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | — | Yes |
| Plans published | 4 | 5 |
| Spec score · Scenario Planning Software | 7.6 (#49) | 8.9 (#3) |
| Spec score · Financial Planning & Analysis Software | 7.5 (#48) | 8.9 (#3) |
| Spec score · Financial Modeling Software | 7.7 (#19) | 8.0 (#13) |
| Free plan | No | No |
| Intended users | Parallel says it is built for seed-to-Series A SaaS founders at companies with 3 to 30 people, and may not fit companies with a full-time CFO using enterprise FP&A software. | Workday describes the product as empowering decision-makers across the enterprise and says organizations of all sizes can use it. |
| Purpose | Parallel is cloud-based financial planning and analysis software that helps startups forecast cash runway, plan hires, and raise capital. | Workday Adaptive Planning supports companywide financial planning, forecasting, budgeting, and analytics. |
| Security | The privacy policy says data is encrypted in transit and at rest, access is limited on a need-to-know basis, and the company conducts regular security assessments and monitoring. | Workday lists single sign-on as an included capability and provides an unlimited audit trail. |
| Support | Parallel says the founders are the people customers will talk to when they have a question, and its pricing FAQ says support is one message away. | The pricing page includes 24/7 support, training resources, and Workday Community. |
Plans
Parallel
- Launch$100 a month
- Grow$300 a month
- Scale$750 a month
- Enterprise$1,500 a month
Workday Adaptive Planning
- Free TrialPrice not published
- Free TrialPriced on request
- Workday Adaptive PlanningPriced on request
- Workday Adaptive Planning Close & ConsolidationPriced on request
- Workday Adaptive Planning Free TrialFree
In their own words
Workday Adaptive Planning
Workday Adaptive Planning supports companywide financial planning, budgeting, forecasting and analytics. Teams can use it for scenario modeling, variance analysis, workforce planning and financial consolidation. Interactive dashboards, self-service reports and process guidance support collaboration. It connects with ERP and general ledger systems, spreadsheets, databases, and cloud or on-premises sources; listed integrations include Workday, NetSuite, Salesforce, Sage Intacct and Microsoft Dynamics GP. Excel connectivity can send financial data to reports and presentations with one click. Listed capabilities include unlimited versions, unlimited what-if scenarios, no data limits, an unlimited audit trail and single sign-on. Production and non-production instances are included; secondary instances depend on the contract. The 30-day trial includes core planning capabilities, guided walkthroughs and a step-by-step guide. Pricing is on request, and close and consolidation pricing also requires a quote. The offering includes 24/7 support and Workday Community access. Salesforce imports have restrictions for some reports, app integration data and objects requiring a subquery.