Consolidate your efforts into a single, integrated solution
Align assumptions and produce consistent results across all disciplines of risk and balance sheet management. Seamlessly and effortlessly deliver analysis to your executive team on how any change in conditions will impact earnings, enterprise value, liquidity, capital and earnings per share.
Never again feel as though you don’t have the time to effectively assess risk and recommend strategy.
Empyrean ALM®
Designed to be the foundation on which a sound balance sheet management discipline is built, Empyrean ALM® is the most efficient and intuitive cash flow, forecasting and simulation engine on the market. Developed in the aftermath of the 2008 financial crisis, Empyrean ALM is purpose-built to tackled the challenges of asset liability management and overall risk management for your bank or credit union. We know that how well a system delivers key results – the right mix of speed, flexibility, transparency, and ease of use – means as much, if not more, than check-the-box functionality:
Speed. Speed. Speed.
Built on our founders’ three-decade-long dedication to improve every component of a simulation, Empyrean ALM’s calculations are the fastest on the market. Model and simulate even more scenarios to inform your decision making process. Be productive, not busy.
Inherently Intuitive
Empyrean ALM is designed to follow the flow of how practitioners think and work. For risk practitioners, Empyrean’s asset liability management tool feels like second nature – our users find they are quick to achieve productivity with minimal training. Empyrean complements our easy-to-learn platform with regular community roundtables and free training sessions for users who want to dive deeper.
Transparent model with intuitive reporting
Empyrean leverages familiar tools like Excel for loading data and assumptions and outputting results. All information, including instrument data, assumptions, and results, is readily visible within the system interface – or through user-controlled Excel reporting. It’s transparent, easy, and powerful.
Converting is quick and risk free
We recognize that the demands of your job don’t stop when you decide to implement a new solution. Getting converted and into production as quick and as painless as possible isn’t a luxury, it’s a requirement. Because of Empyrean’s intuitive design and experienced support team, our customers go into production in a fraction of the time it takes with others.
See Empyrean ALM action – take our interactive demo and experience the power of Empyrean for yourself.”
Liquidity Stress Testing
Having a sound approach to managing liquidity risk has long been a pillar of prudent balance sheet management. It’s imperative to maintain a dynamic framework forecasting your liquidity position, its potential risks and failure points, and their impact on the performance, safety and soundness of the institution. This discipline is quickly evolving from being industry “best-practice” to regulatory requirement. How can you keep pace?
An extension of your ALM modeling
A dynamic extension of Empyrean ALM® allowing you to layer stresses of the various sources and uses of funds, borrowing capacities, and haircuts onto any ALM scenario’s balance sheet projection and market conditions to analyze its impacts.
Assess and optimize your strategy and plan
Enabling you to continuously assess the impact of stress on your funding strategy and contingency funding plan, simulate failure points and key risk metrics and ratios, and test, revise and mitigate your liquidity planning processes.
Appease regulatory demands
Designed to meet and exceed the guidelines laid out by the Interagency Policy Statement on Funding and Liquidity Risk Management SR10-6 and to eliminate the risk inherent with maintaining complex, outdated spreadsheets.
Smarter Modeling Starts With Model IQ™
Outdated, one-time assumptions and manual deposit studies can’t keep up with volatile rates and shifting behavior. Behavioral modeling software delivers faster, consistent assumptions that support daily financial decisions, reducing surprises.
Get a DemoEmpyrean Model IQ: Behavioral Modeling Made for Banks and Credit Unions
Empyrean Model IQ is a modular behavioral modeling software platform designed for banks and credit unions that need greater transparency, consistency, and control over their critical modeling assumptions.
Model validation software replaces static, one-time studies and opaque third-party models with ongoing, FI-specific calibration, testing, and governance. With integrated model validation software capabilities, Model IQ supports documented, auditable assumptions that flow into CECL, ALM, liquidity, and financial planning.
This enables faster updates, stronger defensibility, and more confident decision-making that cascades throughout an organization.
Why Choose Empyrean Model IQ
Deposit IQ
Model deposit decay, beta sensitivity, and early withdrawal behavior — including cannibalization analysis to separate new growth from internal balance transfers.
Loan IQ
Calibrate and backtest loan prepayments by product or segment. Use guided workflows for scenario planning, stress testing, and documentation.
Credit IQ
Build PD/LGD or net charge-off models using peer or internal data. Includes historical, regression, and cohort-based methodologies.
Model Library
Store validated models with assumptions, overlays, and audit documentation in one secure repository.
Comprehensive Analytics
Generate examiner-ready outputs with transparent calculations. Share insights across risk, planning, and leadership.
Guided Workflows
Simplify modeling with built-in workflows for validation, segmentation, and calibration — no in-house quants required.
Designed for Finance Leaders
Whether you are managing CECL, modeling liquidity, or supporting ALCO and exam readiness, Model IQ gives finance teams clear, defensible assumptions they can trust across every decision.
For Risk and Treasury
Calibrate behavioral assumptions across your balance sheet with models built for stress testing, ALM alignment, and CECL assumptions.
For Finance and Planning
Integrate models into rolling forecasts and budgeting tools with no reconciliation needed.
For Executives and Boards
View clear documentation and model outputs that support defensible decision-making.
One Platform to Manage Behavior, Governance, and Risk
Empyrean Model IQ works across deposit, loan, and credit modeling, connecting behavioral assumptions directly to CECL, ALM, and strategic planning.
Calibrate Behavior in Real Time
Replace static PDFs with dynamic, scenario-ready models.
Align Risk and Planning
Connect assumptions to forecasts, capital planning, and CECL reserves.
Prove Governance with Confidence
Show full audit trails and documentation in every model.
Frequently Asked Questions
What is behavioral modeling software for banks?
Behavioral modeling software helps banks quantify how customers actually behave when conditions change. This includes deposit sensitivity, loan prepayments, and credit performance.
Model IQ applies these behavioral insights directly to CECL, ALM, and liquidity planning. This ensures assumptions reflect real-world behavior rather than static averages.
Can finance teams use this without an analyst background?
Yes. Finance and risk professionals will find that support assumption setup, calibration, and review do not require advanced modeling expertise. Built-in documentation and transparent logic make it easy for teams to understand results, explain changes, and collaborate across departments.
How does Model IQ help with model validation?
Model IQ includes built-in model validation support, including version control, change tracking, and full audit trails. Teams can compare their assumptions over time, document rationale, and retain historical versions without manual files or spreadsheets.
What makes Model IQ different from other AI modeling tools?
Model IQ is purpose-built for banking use cases, not generic AI modeling. It supports flexible scenario analysis and integrates directly with CECL, ALM, liquidity, and planning workflows. Assumptions flow through the platform without exports, rekeying, or reconciliation, eliminating handoffs that would otherwise slow teams.
Interested in learning more?
Get a DemoRead More About Behavioral Modeling and Model Governance
Funds Transfer Pricing
Net Interest Income 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 addon 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.
Capital Planning & Stress Testing (DFAST)
When done properly, capital planning and stress testing can be an indispensable management tool informing senior management as they set balance sheet strategy. To move beyond a pain-inducing compliance and model risk management exercise and become part of balance sheet management best-practices, operating efficiency must be achieved. Empyrean was designed for this purpose.
Native credit modeling
Empyrean was created in response to the wave of regulation resulting from the most recent financial crisis, as such, capital planning and stress testing is a native part of Empyrean’s DNA.
Operational efficiency
Increase operational efficiency through tailor-made functionality: simulate and report at the legal entity level, build parallel account hierarchies (ie. product vs call code), model for credit losses and recoveries using a multitude of methodologies and approaches, forecast scenarios of macroeconomic variables, incorporate capital actions and calculate capital ratios.
Straightforward and defensible modeling
Straightforward, defensible, empirically-based modeling capabilities to predict credit losses and volume levels under any user-defined forecast or macro-economic conditions.
Transform Compliance into Balance Sheet Intelligence with Empyrean CECL
CECL success isn’t about perfect models. It’s about confidence, control, and consistency. Empyrean CECL helps community banks and credit unions turn CECL from a recurring operational scramble into a stable, defensible process that supports better decision-making.
Precision, Transparency, Control at Scale
CECL shouldn’t feel like a quarterly fire drill. Manual spreadsheets, opaque vendor models, and one-off assumptions make it hard for community banks and credit unions to produce consistent, defensible results.
Empyrean CECL is a purpose-built CECL software that helps financial institutions calculate lifetime expected credit losses with confidence. It replaces error-prone Excel models and black-box solutions with a transparent, workflow-driven platform designed for repeatability, audit readiness, and long-term sustainability.
Get a DemoCECL Software Made for Banks and Credit Unions
Empyrean CECL is a structured, governance-first CECL application designed for community and mid-sized banks and credit unions. It enables finance and credit teams to produce accurate CECL estimates while clearly documenting assumptions, methodologies, and changes over time.
Unlike point solutions that operate in isolation, Empyrean CECL utilizes the same underlying data platform as Empyrean’s broader risk and performance platform. This allows CECL assumptions and results to be used in ALM, liquidity, and planning, eliminating reconciliation and strengthening consistency across the organization.
Why Choose Empyrean CECL
Replace Excel Without Adding Complexity
Move off error-prone spreadsheets and manual processes with a system designed for CECL from day one. Automated workflows reduce key-person risk and stabilize your quarterly close.
Transparency You Can Defend
Every assumption, adjustment, and result is traceable. Empyrean CECL provides a clear audit trail that makes it easy to explain reserve changes to auditors, examiners, and boards.
Built for Community Bank Reality
Designed for institutions with limited modeling resources, Empyrean CECL supports practical methodologies and a “start simple, grow over time” approach, no overengineering required.
Core CECL Capabilities
Flexible CECL Methodologies
Guided CECL Workflows
Built-In Documentation and Audit Trails
Scenario and Sensitivity Analysis
Designed for Finance, Credit, and Leadership
For CFOs and Finance Leaders
Run CECL with confidence and less personnel risk. Empyrean CECL reduces manual effort, shortens close cycles, and delivers results you can confidently stand behind.
For Credit and Risk Teams
Gain visibility into which portfolios and risk factors are driving reserves. Use consistent assumptions and methodologies that align with credit risk management practices.
For Executives and Boards
Clear, explainable outputs and documentation support stronger governance, oversight, and strategic discussions around capital and credit risk.
One Platform for CECL, Risk, and Planning
Empyrean CECL operates within Empyrean’s broader risk management platform, leveraging a common data foundation, shared assumptions, and consistent models used across ALM, liquidity, budgeting, and profitability. This approach establishes a unified source of truth for risk and finance without relying on disconnected processes or duplicate calculations.
By using common data and assumptions across disciplines, Empyrean CECL ensures credit loss estimates remain aligned with how institutions measure risk and performance across the balance sheet
Start Simple. Grow With Confidence.
Empyrean CECL supports a phased approach to CECL maturity:
- Launch with foundational CECL compliance
- Use simpler assumptions where appropriate
- Add scenario analysis and sophistication over time
- Avoid rip-and-replace as your institution grows
This approach reduces adoption risk and aligns with auditor and regulatory expectations for community institutions.
Frequently Asked Questions
What problem does Empyrean CECL solve?
Empyrean CECL reduces the operational burden, documentation gaps, and defensibility concerns that plague spreadsheet-based and black-box CECL approaches. It makes CECL repeatable, auditable, and explainable.
Who typically runs CECL at a community bank?
At most community institutions, the CFO owns the CECL process. Empyrean CECL is designed with this reality in mind, simple enough to operate, robust enough to defend.
How does Empyrean CECL help with audits and exams?
The platform provides transparency, consistency, and documentation; three capabilities examiners care about most. Full audit trails and clear assumption lineage make reviews smoother and less stressful.
Can we use our existing assumptions and data?
Yes. Institutions can bring their own assumptions or use peer data where appropriate and integrate CECL into existing ALM and planning workflows without redundant data processing.
