Designed specifically for banks and credit unions to support your budgeting, forecasting, strategic planning and scenario analysis needs, Empyrean 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 Planning Platform
Through the sharing of data, assumptions and calculations with the industry’s leading ALM system, Empyrean Planning offers a comprehensive, robust and configurable set of capabilities supporting the planning processes in all the areas of the institution. Features include:
- Balance Sheet and Margin Planning: Empyrean’s Integrated Asset/Liability Based Planning (IABP)combines the sophisticated and detailed cash flow-based planning performed in Empyrean ALMTM, 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 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 institution for what is typically the largest non-interest expense item for most financial institutions.