The best replacement for parallel processing is distributed processing.

The best alternatives to parallel processing are rated as following:
★★★★★  distributed processing
★★★★★  serial processing
★★★★  parallel computing
★★★★  multithreading
★★★★  multitasking
★★★  pipelining
★★★  multiprocessing
★★  sequential processing
★  distributed computing
★  symmetric multiprocessing

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parallel processing
distributed processing
serial processing