Spend less time building the budget. More time making decisions.
Empyrean Budgeting & Planning runs your balance sheet and margin forecast on a proven cash flow engine built for banks and credit unions, and keeps the plan current all year, not just at budget season.
Trusted by more than 700 institutions
From balance sheet to payroll. All in one system.
Balance sheet and margin modeling, comprehensive non-interest income and expense planning, including payroll, capital expenditure and prepaid expense forecasting, and integrated reporting and analysis, all consolidated in a single, web-based solution.
No spreadsheet handoffs. No version confusion. No manual consolidations. One process, start to finish.
Balance sheet planning.
Loan, deposit, and investment growth. Rate, spread, and prepayment assumptions, entered by FP&A or imported from Empyrean ALM.
Income statement planning.
Non-interest income and operating expense, direct or driver-based, from department up to institution.
Workforce planning.
Headcount, salary, bonus, benefits, and payroll tax at the employee level. The largest NIE line on the P&L, planned with the discipline of the balance sheet.
Capital expenditure and prepaid expense.
Depreciation and amortization calculated and posted automatically for equipment, technology, and facilities.
Budgeting, forecasting, and strategic planning.
Annual budgets, rolling forecasts, long-range strategic plans, and scenario analysis, in one system.
Reporting and analysis.
Pre-built reports, report books, and dashboards, plus the ability to build your own.
Four approaches to budget and forecast. One clear choice.
1 A secondary add-on module, not a purpose-built application. 2 Possible, but only manually. 3 Generic spreadsheet copilots, not banking intelligence. 4 Varies by core provider.
Better Together: Empyrean Profitability, Budgeting & Planning, ALM, and CECL.
Empyrean Profitability, Empyrean Budgeting & Planning, Empyrean ALM, and Empyrean CECL operate within the unified Empyrean Financial Platform, sharing a common data foundation, a common cash flow engine, and native integration that eliminates the friction between Treasury and FP&A.
All solutions run on Empyrean Dataverse®, a centralized data mart that stores instrument, GL, transaction, customer, statistical, and other data components in one place. Seamlessly share FTP results directly into your profitability process, leverage your CECL results in profitability, or simply apply profitability allocation rules against your budget to create a fully allocated budget.
Built for institutions your size.
The planning problem looks different at a $900M community institution than at a $40B regional bank. So does the way Empyrean solves it.
For Community Banks & Credit Unions
More time managing your institution. Less time managing spreadsheets.
For the CFO who does it all: boards and executive teams want more detail and more transparency in the budget, while finance spends the season chasing submissions, patching spreadsheets, and reconciling by hand. Your team is talented and dedicated. Too much of that talent goes into building the budget instead of finding ways to grow and improve performance.
Empyrean shifts the balance: you define the process, department heads submit clean inputs, consolidation runs itself, and you walk into the board meeting with a plan you can defend, not a spreadsheet you’re still validating.
Graduate from spreadsheets.
Excel is a fantastic tool. It wasn’t built to run budgeting, forecasting, and performance reporting across an entire institution. Version control is a constant risk, governance is nearly impossible to enforce, errors are hard to spot, and every year of growth makes all of it worse.
What changes with Empyrean
One truth, top to bottom.
Every number has an owner.
Every number has a story behind it.
Small Team. Big Results.
Empyrean flexes with you. Keep the process simple, or layer in more capability and granularity as the institution grows. Budget, forecast, run what-if scenarios, and report on results, all through an interface built specifically for community banks and credit unions.
Our community bank and credit union implementation is structured for small finance teams. We know time and resources are limited, so we work alongside your team through every step: data mapping, configuration, budget creation, training, output validation, and reporting.
By the time we’re done, your system and your team are fully up and operational.
Better coordination. Greater precision. Full transparency. Less effort.
Your budgets and forecasts have to be precise and transparent, and they pull inputs from departments, markets, and lines of business, plus the ALM forecast treasury owns. Coordinating that is the hard part.
Empyrean replaces the patchwork with one integrated plan: every input in the same system, on shared assumptions, with balance sheet and margin planning tied directly to Empyrean ALM. FP&A runs a faster process, and the board, executive team, audit committee, and the CFO who stands behind the plan all work from a single set of numbers.
LOB heads, Market Presidents, and department heads submit their own numbers.
Finance keeps control.
Granular Below the margin planning.
Outputs are board-ready.
Stronger together.
Each solution stands alone. License more than one and the benefits compound, because all of them share the same data, the same cash flow engine, and the same assumptions and allocation rules.
With Empyrean ALM.
With Empyrean Profitability.
Sized for where you’re going, not just where you are.
Most single-purpose tools were sized for the institution that selected them. Empyrean enables more detail and more sophisticated methods as your institution grows and your processes mature.
Implementation is built around your team and your requirements. Our Professional Services consultants have worked in and with large banks and credit unions, and they work alongside you from data mapping through validation and reporting.
Frequently asked questions
-
Empyrean Budgeting & Planning produces a more precise and granular balance sheet and margin plan than a spreadsheet can, because it forecasts on the same instrument-level cash flow engine that powers Empyrean ALM. Excel is also only free on paper: the real cost is finance time spent on consolidation, version control, and hunting formula errors before the board meeting.
-
Our community bank and credit union implementation is structured for small finance teams. We know time and resources are limited, so we work alongside your team through every step: data mapping, configuration, budget creation, training, output validation, and reporting.
-
No. Empyrean Budgeting & Planning absorbs the manual consolidation, version control, and reconciliation work rather than adding to it, so the same FP&A team runs the process and the freed hours move to scenario modeling, variance analysis, and board preparation. As Roman Magar, Vice President and Director of Financial Planning and Analysis at Shore United Bank, describes it: “Empyrean Solutions has transformed how we manage FP&A by reducing manual work, improving data consistency, and enabling faster, more forward-looking decision support.”