Get back the week the budget used to take.
Empyrean automates the budgeting, planning, and reporting work that fills a community bank CFO’s calendar, so your time goes to leading the bank instead of running the numbers.
Trusted by more than 700 institutions
Lead at the speed the market moves.
Strategic finance isn’t just for the big banks. As a community bank CFO, you shouldn’t have to choose between getting the budget out the door and steering where the bank goes next. You do all of it with a small team, on fragile, dated infrastructure that was never built for the speed and flexibility today’s operating environment demands.
You’ve outgrown the spreadsheet, but the platforms built for the largest banks are too heavy and too expensive for an institution your size.
Empyrean is the professional platform built for community banks and credit unions, so you get the rigor of enterprise finance without the cost or complexity, and you lead at the speed the market moves.
Built for banking.
Fast.
Right-sized.
One platform, built for banking.
The solutions a community bank runs on, built to work together, not stitched together.
Build a budget you can defend
Key Capabilities
- Plan every line. Balance sheet, income statement, payroll, capital expenditures, and multi-year contracts, with a prepaid expenses module.
- Multi-scenario planning. Compare budget, forecast, and actuals, with variance analysis built in.
- In sync with ALM. Budget assumptions flow to ALM and ALM’s rate and scenario outputs flow back, so planning and interest rate risk never drift apart.
- Built for banking. The workflows, KPIs, and calculations are made for banks, so there is nothing to translate before you start.
- Your team runs it. After setup, finance owns the planning process and adjusts it without waiting on IT.
A CECL estimate that holds up to examination
Key Capabilities
- The models you use. WARM, loss rate, and PD/LGD, from a built-in model library.
- Q-factor workflow. Document and govern qualitative overlays in one place.
- Reasonable and supportable forecasting. Pull in economic scenarios with as-of dates and stress assumptions.
- A full audit trail. Version-controlled models and complete documentation for examiners and auditors.
- In sync with ALM. Shared balance sheet data on one engine, with no duplicate entry.
Know what's actually profitable
Key Capabilities
- Organizational profitability. Branch, market, department, and line of business.
- Down to the instrument. Product, loan, deposit, and customer-level profitability.
- FTP built in. Funds transfer pricing is part of the calculation, not a separate product.
- Allocations and unit costing. Overhead waterfall allocations and cost-per-transaction analysis.
- A two-tier entry point. Start organizational and add instrument-level profitability when you are ready.
Banesco USA: faster ALM, more time for strategy
Banesco USA, a Florida state-chartered commercial bank, ran ALM on slow, inflexible processes. Every scenario and ALCO prep started with producing numbers, not analyzing them.
With Empyrean ALM, that flipped. Runs and reporting got 40–60% faster, hours came back every ALCO cycle.
“Empyrean has made our ALM process much more efficient. We’re able to run scenarios faster, spend less time preparing for ALCO, and focus more on the conversations that matter.”
— Kenneth Schoeni, CFO, Banesco USA
40-60% faster
ALM runs and reporting
Hours Saved
Every ALCO cycle
Strategy
Where the teams time goes now. Higher-value analysis and the conversations that matter.
When you don't have the team to run it, we do.
Our practitioners run your balance sheet risk on Empyrean’s modeling engine and deliver the studies, analysis, and ALCO-ready reporting your examiners expect, so you get a best-practice risk function without hiring one.
And it is built to hand back. As your team and needs grow, you take on more of the modeling yourself, move it onto Empyrean Cloud, or bring it fully in-house. You decide, on your timeline.
What it covers
Risk and compliance. IRR and ALCO reporting, liquidity stress testing, assumption stress tests, and CECL support.
Product and customer insights. Deposit and prepayment studies and portfolio analysis, built on your own institution’s data.
Advisory from practitioners. Seasoned risk professionals who set assumptions with you, interpret the results, present to ALCO, and help you prepare for the exam.
See what Empyrean looks like for your team.
The questions community CFOs ask before they switch
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The spreadsheet is not free. You pay for it in the controller’s time every budget cycle, in the errors that surface in board presentations, and in the scramble when the person who owns the model leaves. The real comparison is not Empyrean against free. It is Empyrean against the full cost of the process you run today. And Empyrean is priced for a community bank budget, not an enterprise one.
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You do not need them. Empyrean is cloud based and built for the finance team to own and run. There is no on-premise hardware and no long integration project. Because the banking workflows are already configured, there is no custom build to manage. Implementation is guided, with Empyrean specialists working alongside you.
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It works until it doesn’t. The version error in the board deck, the examiner finding on the budget, the controller who gives notice in October: those are the moments that send community bank CFOs looking. The question is whether you move on your schedule or on theirs.
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Yes, on one platform the whole way. Most banks start with Budgeting and Planning, then add CECL, Profitability, and ALM as the institution grows and gets more complex. Empyrean runs banks from the smaller end of the community segment well into the largest institutions, so the platform you choose now is not one you replace in three years. There is no rip-and-replace at the next threshold.
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It won’t touch it. Empyrean works alongside your core and changes nothing about your core contract or the systems that depend on it. The bundled budgeting tool was built for a different era and makes you work around it every cycle. Replacing it leaves your core relationship exactly where it is.
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Your data lives in a governed platform with role-based access and a full audit trail, not in spreadsheets and email attachments scattered across the institution. Centralized control means a smaller attack surface and a clean answer when an examiner asks who can see and change what.
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Empyrean is built so changes happen inside the system, not through a services engagement. When you need to adjust how the budget process works or how you collect submissions from department heads, your team does it through settings. No project, no change order, no waiting on the vendor.
You weren't hired to maintain spreadsheets.
You have a bank to lead, a board to answer to, examiners to satisfy, and a team counting on you to make the right call at the right moment. The dynamic CFO was not hired to maintain spreadsheets.
Empyrean gives you the platform, and the time, to do the job you were hired for. Built for banks and credit unions your size, without the cost or complexity of enterprise software.