Empower Your Organization with a Single Source of Truth
Empyrean Planning and Empyrean Profitability provide the cornerstone for an efficient, integrated and robust financial performance management process for financial institutions. Empyrean leverages a single framework for data, calculation and reporting across all Empyrean risk and performance management solutions.
Empyrean Profitability™
Designed specifically for banks and credit unions to support your measurement and analysis needs, Empyrean Profitability™ combines sophisticated profitability measurement approaches, with easy-to-use interfaces and analytical tools to support better decision making. In today’s challenging banking environment, defined by inherent volatility, changing customer demands and increased regulatory mandates, the need to understand where your profits are coming from, and how to maximize earnings is paramount. Empyrean Profitability™ accurately measures instrument-level profitability on a risk-adjusted basis, aggregates and analyzes those results at any level of the organization.
A comprehensive and granular profitability solution
Empyrean Profitability™ supports all levels of profitability measurement and analysis, including: Customer, Relationship, Officer / RM, Product, Business Unit / LOB, etc. by calculating profitability at the individual instrument level. It provides both accuracy and consistency, as profitability is first measured at the lowest level, and then aggregated to allow analysis for any segment of the institution based on a single set of results.
In addition, Empyrean Profitability™ incorporates all components of the profitability equation, including: Net Interest Margin, Non-Interest Income & Expense, Provision, and Capital. Empyrean provides a robust tool set to allow the calculation and attribution of each of these components to the instrument level. With Empyrean Profitability™ you can not only ensure a complete picture of profitability, but also drive analyses on both a dollar- and risk-adjusted return on capital basis (RAROC).
Accurate, defendable and bottom-up
The foundation of Empyrean Profitability™ is the calculation of profitability at the instrument level. For any segment, profitability is not based on averages or arbitrary rules and allocations from higher levels, it is simply aggregated from the instrument level. To accomplish this, Empyrean Profitability™ includes a set of configured tools that allow you to attribute costs, provision for loan loss and capital to the instrument level based on the approaches that make the most sense for your institution. In addition, Empyrean leverages its proven matched-term FTP module to calculate transfer credits and charges based on the individual characteristics of each instrument. Empyrean’s FTP solution enables advanced capabilities related to FTP calculation methods, prepayments, and liquidity as well as other transfer rate adjustments.
Focused decision making
A single solution for profitability across all segments of the financial institution ensures that you get a complete and consistent understanding of the sources of your profitability. It creates a level of buy-in that traditional siloed profitability solutions have struggled to achieve, which is critical to the success of any profitability initiative. That buy-in across the organization, from executives on down, is critical to leveraging profitability results as a decision-making tool. The consistent measurement and unified view of profitability enable better strategic decisions (pricing, promotions, product strategy, etc.), as well as tactical decisions throughout the organization (marketing, cross selling, customer decisions (pricing, fee waivers, etc.).
By leveraging a consistent data, calculation and reporting framework with other Empyrean risk and performance management solutions, and by providing a sophisticated, yet easy to manage set of rules to calculate profitability across all segments, Empyrean Profitability™ enables an efficient and defensible profitability measurement process. Empyrean Profitability™ allows your organization to focus on making decisions that will maximize return for your stakeholders, whether they be public or private shareholders, investors, members, etc., as opposed to focusing on the maintenance and processing of the profitability results.
Empyrean Budgeting & Planning™
Winner, Financial Planning and Budgeting Category in the 2025 RiskTech100®
Designed specifically for banks and credit unions to support your budgeting, forecasting, strategic planning and scenario analysis needs, Empyrean Budgeting & Planning™ combines and integrates the best practices, tools, and approaches from Asset/Liability Management (ALM) with the collaborative planning processes needed for budgeting, planning and forecasting. The ability to enter and share both balance sheet and non-interest related assumptions at different product and account levels, and across multiple groups (e.g., Finance, Treasury, HR, IT, Marketing, lines of business, markets, departments and/or individual centers) creates a system with unprecedented planning accuracy and flexibility for the banking industry.
A Comprehensive Budgeting and Planning Platform
Through the sharing of data, assumptions and calculations with the industry’s leading ALM system, Empyrean Budgeting & Planning™ offers a comprehensive, robust and configurable set of capabilities supporting the budgeting and planning processes in all the areas of your bank or credit union. Features include:
- Balance Sheet and Margin Planning: Empyrean’s Integrated Asset/Liability Based Planning combines the sophisticated and detailed cash flow-based planning performed in Empyrean ALM, with the ability to directly capture growth, spread and product mix assumptions from your line of business experts, creating a truly unique process for balance sheet and margin planning.
- Non-Interest Income & Expense Planning: providing a set of planning and growth assumptions for both non-interest income and operating expenses, allowing for direct input by your bank or credit union managers through an easy-to- use, intuitive web-based interface.
- CAPEX and Prepaid Expense Planning: layer new fixed asset and prepaid expense requests on top of existing fixed assets, prepaid expenses and their corresponding depreciation and amortization schedules for complete planning directly within Empyrean; while also providing the ability to group expenses and plan by project.
- Payroll Planning: a flexible and configurable payroll planning process supporting either GL, job code or employee level planning. The system inherently applies payroll assumptions entered at aggregate levels to the level of detail desired by your bank or credit union for what is typically the largest non-interest expense item for most financial institutions.
Flexible configuration for your budgeting season
Through our extensive experience working with hundreds of banks and credit unions, we recognize that every organization budgets and plans differently. Empyrean Budgeting & Planning™ is designed to allow your bank or credit union to plan the way you want to, at the level(s) that make the most sense for your organization; without requiring customizations. Empyrean Budgeting & Planning™ is an easily supportable software application that can be quickly upgraded as new releases and enhancements are introduced.
Intuitive, transparent and fast
Our bank budgeting software is explicitly designed to help both administrators and budget contributors easily enter, process, and analyze budget, plan, and actual data. The need to reduce the learning curve, to minimize training and to enable non-financial experts to navigate the system is cornerstone of the system’s design. At the same time, we recognize that data, calculations, and processes cannot be black boxes – you and your teams need access to detailed, auditable data and results. And finally, the system needs to be fast. In today’s volatile and ever-changing environment, you need answers quickly and efficiently. The processes can’t take hours to run, and your reports can’t take minutes to run. Empyrean Budgeting & Planning™ leverages the same processing technology and approaches that have enabled Empyrean ALM® to perform at speeds unprecedented in the industry.
Financial reporting made easy
Empyrean offers a suite of risk and performance management solutions that leverage the same data, security setup, calculation engines and a reporting / BI framework. The reporting / BI framework enables Empyrean to deliver pre-packaged budgeting and planning reports and dashboards, while also providing the flexibility for users to create custom analyses, dashboards and reports.
These shared components provide increased efficiency and consistency for users and report consumers across all applications. By leveraging a single data, calculation and reporting framework with other Empyrean risk and performance management solutions, and by providing a sophisticated, yet easy to manage set of rules for budgeting, planning and forecasting, Empyrean Planning enables your organization to focus on making decisions that will maximize return for your stakeholders, whether they be public or private shareholders, investors, members, etc.
Empyrean Budgeting & Planning Resources
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Funds Transfer Pricing
Net Interest Income (NII) is the main performance metric for most financial institutions. Is the bank earning enough income to justify the capital allocated by shareholders? How much will NII be impacted by changes to interest rates and liquidity premiums? These are questions an institution must be able to answer in order to effectively manage NII across the various lines of business and through different rate cycles. This is done most effectively through introducing a funds transfer pricing process that is both robust and effective in immunizing the business units from interest rate and liquidity risks while transferring them to the mis-match center, where ALCO can effectively manage it.
Consistency across all disciplines
As an extension of the ALM model, Empyrean’s FTP calculations will leverage the same data, behavioral settings, interest rates, other assumptions and calculation engines as all the other balance sheet management functions.
Comprehensive list of methodologies
Empyrean supports virtually every methodology for calculating the base funding rate for every instrument on the balance sheet as well as any add-on charges or credits required by the institution (ie. liquidity premium, OAS, etc,).
Foundation for sound performance measurement
Let Empyrean form the foundation for your performance measurement efforts as the solution simulates and can export FTP rates at the instrument level for all current position instruments and for all forecast periods in every scenario.
Empyrean Reporting: Console™. Answers without the wait.
When the board asks for a portfolio trend with concentration detail, most institutions need days to produce it. Empyrean Reporting Console delivers pre-built banking dashboards and drill-down to the account, so finance answers the question in the meeting instead of the following week.
From your data to a decision, in one place
You already have the data. Getting the answers you need from it should not take a week, an IT ticket, or a spreadsheet or report rebuilt by hand. Console is a standardized data analytics and dashboarding solution built for financial institutions.
Console provides ready to use dashboards specifically designed for each role across the institution, refreshed every business day using the data already imported into other Empyrean solutions. Leaders across your institution simply open their dashboard homepage and start analyzing their data instead of filing a request. No dashboards to build, no SQL required, no BI team needed.
Get a DemoThe dashboards are not the breakthrough. Getting them without a BI project is.
Every institution gets the same value from Console; role-specific homepages, dashboards, and record-level details, all built from one shared data foundation. What differs is why you do not have it today.
At a community institution, insight like this has meant standing up an entire new solution, with its own data, hierarchies and people to run it. At a regional bank, separate BI and IT initiatives are often already trying to produce it, and either missing what leaders need, producing numbers that disagree with another system, or simply taking too long.
Why Choose Empyrean Console
Know your numbers before anyone has to ask.
Portfolio composition, credit quality including FICO bands, days past due and risk ratings, concentration views, deposit trends and GL balance trends, with day-over-day, MTD, QTD and YTD comparison and 24 months of month-end trending.
Every leader gets the view built for their job.
Eight pre-built home pages for executive leadership, finance and accounting, commercial lending, credit risk, treasury, deposit product, retail product, and residential mortgage. Each one is built around what that function reports on.
Get to the drivers of your performance.
Move from portfolio composition to segment analysis to the individual customer, relationship, or instrument record without leaving the dashboard or filing a data request.
Stop reconciling the numbers.
Console runs on the same imported data and actuals already feeding ALM, CECL and Budgeting & Planning inside Empyrean Dataverse®. One data foundation means no second import, no separate validation, no reconciliation.
Understand changes daily, not once a month.
GL and instrument data is imported every business day, so dashboards reflect the business now, not as it was at month end.
Owned by Finance.
Admin-managed provisioning and role-based access control scope each user to the institution, portfolio, branch, region, or department. Finance runs analytics without waiting in an IT queue.
Designed for every function, not just finance
Console extends trusted data beyond the finance department. Each role gets a default view scoped to their function, and a user can be assigned more than one role when their role spans several.
For finance and accounting
Financial summary reporting, general ledger balance trends, and loan and deposit detail, with day-over-day, month-to-date, quarter-to-date, and year-to-date comparison built in.
For lending, credit, and treasury
Portfolio composition and relationship-level detail for commercial lenders. Concentration, FICO, days past due, and risk rating distributions for credit. Liquidity metrics and deposit composition for treasury.
For executives and boards
Institution-wide balance and growth trends on a single page, with the supporting detail one click away when the follow-up question comes.
One platform for analytics, access, and governance
Console is a feature of the Empyrean Reporting platform, not a tool bolted onto it. The data, the hierarchies, and the access rules are the ones your institution already maintains.
Report on data you already trust
Console draws on instrument-level loan and deposit data and general ledger balances each business day, alongside customer and relationship data.
Scope access to the role
Role-based access control assigns every user a view and a data scope. A branch manager sees their branch. The CFO sees the institution. Single sign-on is supported.
Skip the infrastructure build
Console runs on the foundation that already powers your ALM, CECL, and planning work, which removes the data warehouse build that normally comes before analytics can start.
Frequently Asked Questions
What is Empyrean Reporting: Console?
Empyrean Reporting: Console is an analytics and dashboarding feature for the Empyrean platform. It gives banks and credit unions pre-built banking dashboards, role-based views, and drill-down reporting from portfolio level to the individual account. Console runs on the same data foundation behind Empyrean ALM, Empyrean CECL, and Empyrean Budgeting & Planning.
What is banking analytics software, and what does Empyrean Console do?
Banking analytics software turns the data in a bank’s core and finance systems into dashboards built around the metrics banks manage, rather than generic charts.
Empyrean Console ships pre-built home pages spanning the C-Suite Executive, Finance and Accounting, Credit Risk, Commercial Lending, Treasury, Deposit Product Management, Retail and Residential Mortgage. Out of the box it delivers portfolio composition, credit quality including FICO bands, days past due and risk ratings, concentration views, deposit trends and GL balance trends, with day-over-day, MTD, QTD and YTD comparison. Users drill from a home page to a detail page to record-level customer, instrument and relationship detail. Because Console runs on the same data behind Empyrean ALM, CECL and Budgeting & Planning, the analytics draw on the same imported data as the rest of finance.
What should you look for in banking analytics software?
Banking metrics built in rather than built from scratch. Role-based views for each function rather than one generic dashboard. Drill-down from a portfolio summary to the individual account behind a number. Hierarchies you can configure to your own structure. A shared data foundation with the rest of your finance stack, so the numbers do not have to be reconciled. Also confirm the refresh cadence, how users are scoped, and what is included at launch versus on a roadmap.
Do we need a BI team or data scientists to use Console?
No, Console is built for finance and operations teams, not data specialists. The metrics and dashboards are pre-built, so there is no SQL to write, no data warehouse project and no BI developer to hire or wait on. A general-purpose BI platform assumes you have that capability in house, Console assumes you do not.
We already get reports from our core system. Why do we need this?
This is not a question of accuracy; core reports are good at transactions. Cores were built to process, not to analyze. Trend views, portfolio composition, concentration, and a view bringing general ledger, loan, deposit and relationship data together are where the core stops and Console starts.
How is Console different from a general-purpose BI platform?
A general-purpose BI platform is a toolkit, not a solution. It ships as a blank canvas, so someone has to design the data model, build every metric and dashboard, then maintain them. Console ships with banking roles, metrics and hierarchies already built, owned by Finance rather than sitting in an IT backlog. It doesn’t replace a BI tool you already run; it can work alongside one.