In the fast-paced financial world we live in, managing risk and maintaining a balanced sheet is no easy feat. Financial institutions grapple with regulatory demands and the expectations of internal stakeholders daily. Empyrean Solutions is one such company that not only understands these challenges but is also dedicated to providing tailored solutions that address them with precision. With a management team composed entirely of seasoned professionals who have dedicated their careers to risk and balance sheet management, Empyrean stands as a trusted partner for financial institutions seeking integrated, efficient, and effective risk management solutions.

The Foundation: Empyrean ALM^®

At the core of Empyrean's offerings lies Empyrean ALM^®, a cutting-edge cash flow forecasting and simulation engine specifically designed to enhance balance sheet management practices. Developed in the wake of the 2008 financial crisis, Empyrean ALM is purpose-built to tackle the inherent challenges of asset liability management. What sets Empyrean ALM apart is its unwavering focus on delivering key results characterized by speed, flexibility, transparency, and ease of use.

Speed is of the Essence

In the world of finance, speed is non-negotiable. Empyrean ALM’s calculations are engineered to be the fastest on the market, allowing institutions to model and simulate an extensive range of scenarios that inform their decision-making processes. Empyrean understands that productivity matters more than just being busy, and they strive to help institutions achieve significant insights rapidly.

Transparency in Reporting

Empyrean ALM utilizes familiar tools such as Excel for loading data, assumptions, and results, ensuring a transparent and powerful reporting process. Users can easily access all relevant information, from instrument data to assumptions and outputs, either within the system interface or through user-controlled Excel reporting. This commitment to transparency enhances the overall user experience, allowing financial institutions to make informed decisions with confidence.

A Seamless Transition: Quick and Risk-Free Conversion

Empyrean Solutions recognizes that the demands of the financial industry do not pause for technology upgrades. Hence, the conversion process to Empyrean’s solutions is designed to be as swift and painless as possible. Thanks to its intuitive design and dedicated support team, customers can transition into production in a fraction of the time compared to competing solutions.

Empowering Financial Performance Management with Empyrean Profitability™

At the heart of Empyrean's suite of solutions lies Empyrean Planning and Empyrean Profitability, which form the cornerstone of efficient financial performance management for institutions. These tools leverage a unified framework for data, calculations, and reporting across all risk and performance management solutions.

Empyrean Profitability™ is tailor-made for banks and credit unions, addressing their specific measurement and analysis needs. It combines sophisticated profitability measurement approaches with intuitive interfaces and analytical tools to drive better decision-making. In an environment marked by volatility and regulatory pressures, understanding profitability sources is crucial. Empyrean Profitability™ accurately measures instrument-level profitability on a risk-adjusted basis, allowing for aggregation and analysis at any organizational level.

Comprehensive Profitability Solutions

Empyrean Profitability™ supports various profitability measurement levels, from customer and relationship to product and business unit analysis. By calculating profitability at the individual instrument level, the solution guarantees accuracy and consistency, allowing institutions to make strategic decisions based on a complete understanding of their profitability landscape.

Advanced Tools for Better Decision-Making

Empyrean’s solution encompasses all profitability equation components, including net interest margin, non-interest income and expenses, provisions, and capital. By attributing costs and capital to the instrument level, financial institutions can accurately calculate and analyze their profitability. This bottom-up approach ensures a defendable and comprehensive profitability picture, enabling focused decision-making that maximizes returns for stakeholders.

Harnessing the Power of Empyrean Securely

The Empyrean Cloud^® offers a managed deployment of the Empyrean solution, fully delivered on Microsoft Azure infrastructure. By eliminating the need for internal resources, financial institutions can enjoy a reliable and cost-effective way to deploy Empyrean's advanced tools without the hassle of maintaining hardware and software.

Benefits of Empyrean Cloud^®

• Predictable Costs: By managing the software deployment and maintenance more efficiently, Empyrean offers predictable pricing structures that alleviate financial strain.
• Scalability: As institutions grow and evolve, additional computing power can be easily accessed with a simple phone call, allowing for seamless scalability.
• On-Demand Upgrades: All upgrades are performed on request, ensuring institutions are never tied down to outdated technology.
• 24/7 Accessibility: Institutions can access Empyrean solutions at any time, backed by a commitment to business continuity and disaster recovery with a 99% uptime guarantee.

Commitment to Security

Empyrean Cloud^® is also fortified with rigorous security measures, including annual penetration tests and immediate remediation of any critical vulnerabilities. This proactive approach ensures that users can confidently access the platform while adhering to strict security standards.

Road Ahead

In an era where financial institutions face unprecedented challenges, Empyrean Solutions stands out as a beacon of hope. Their dedication to delivering precise, integrated solutions empowers organizations to navigate the complexities of risk management with confidence. Empyrean Solutions is not just about providing tools; it’s about creating a partnership that prioritizes excellence, transparency, and measurable results. With a commitment to innovation and user empowerment, Empyrean is paving the way for a brighter future in financial performance management.

About | Chris Maclin

As the CEO, Chris oversees all aspects of the business including sales, support, consulting, product management and development. With over 20 years’ experience, Chris has spent his entire career in the risk and compliance industry. Prior to joining Empyrean, Chris was the Managing Director for Wolters Kluwer’s Risk and Compliance division and he spent 17 years with the BancWare (SunGard/FIS) business serving in many management and client facing roles.

“In the world of finance, clarity is power. We empower our clients with the clarity they need to excel.”