Empyrean Solutions had a fantastic day sponsoring Mass Bankers Association's Annual Charitable Foundation Golf Tournament, supporting a great cause and connecting with members of the Massachusetts banking community. We're proud to sponsor an event that has such a positive impact and drives meaningful change. Want to connect with Empyrean in-person? Check out our events page to learn when we will be in your area: https://lnkd.in/e6Ry4hZC
Empyrean Solutions
Software Development
Woburn, Massachusetts 2,565 followers
Your CFO's secret weapon.
About us
Financial Risk Management & Performance Solutions for Banks and Credit Unions. Fast and accurate results drive our efforts at Empyrean. Our system was designed and developed by ALM practitioners, built with ease of use and speed of calculations as primary considerations for its model. It is the fastest growing solution in the market today. Banks and credit unions of all sizes turn to us for financial risk management products that help them increase efficiency, reduce operational costs, and more easily manage financial performance. Why Empyrean? Incredibly fast calculations. Computes that may take hours in other systems take only minutes within the Empyrean model. The system benefits from being developed on an entirely new code base within a Microsoft SQL and .NET environment. Shorter than average implementations. Because of the intuitiveness and ease of the model, customers quickly understand the Empyrean platform. This allows them to contribute to its setup which expedites parallel testing and conversion. These bank employee system experts are ready to support and modify their risk management process. Driven by a single cashflow engine. The Empyrean engine drives all required analysis within the system including ALM, FTP, Stress Testing, and Liquidity. It enables customers to load data and assumptions into the model once and leverage them through the process. For more information, please contact: [email protected] www.empyreansolutions.com
- Website
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http://empyreansolutions.com
External link for Empyrean Solutions
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- Woburn, Massachusetts
- Type
- Privately Held
- Founded
- 2008
- Specialties
- Asset Liability Management (ALM), DFAST/Stress Testing, Liqudity Modeling, Funds Transfer Pricing, and Current Expected Credit Loss (CECL)
Locations
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Primary
Get directions
304 Cambridge Road
Woburn, Massachusetts 01801, US
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Get directions
304 Cambridge Road
Woburn, Massachusetts 01801, US
Employees at Empyrean Solutions
Updates
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As we head into August, most bank and credit union finance teams are preparing to start, or just starting their budgeting cycle. Join Bryan Ridgway and Empyrean Solutions for our upcoming webinar to learn how you can get the most value out of this budgeting season. Register here: https://lnkd.in/eDYpA56t
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New: highlights from our 2024 Empyrean Solutions User Conference! Our two-day user conference brings our Empyrean community together to share best practices, connect with Empyrean clients from financial instituions across North America, and learn how the Empyrean team is evolving ALM, planning, profitability and more. Want to receive updates for our 2025 User Conference, upcoming webinars, and other events? Sign up here to make sure you're in the loop --> https://lnkd.in/eeyzHtKS
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If you're a senior leader in banking, you need to know that the decisions being made by finance professionals at all levels align with driving profitable growth. Our blog from Will Newcomer explores why profitabilty analytics is a powerful tool to ensure teams across your financial institution are working towards the same goals. https://lnkd.in/eFturBaP
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A milestone we are proud to share. Banks and credit unions continue to choose Empyrean Solutions - find out why: https://lnkd.in/emyUGzj
I firmly believe we stand out in the market for several key reasons: -We are deeply committed to our niche, investing heavily in our solutions and roadmap. -Our solutions are tailored specifically for banks and credit unions. -They're affordable for financial institutions of all sizes. -We are dedicated to providing exceptional support to our clients. As you approach your 2025 budget process, if you find yourself facing challenges, I'd love to show you how Empyrean Solutions may be able to help! #Budgeting #Planning #Banks #CreditUnions #Innovation #Growth #Milestone
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Empyrean Solutions is at the Illinois Bankers Association IBA/OBL 2024 Annual Convention! Come visit us at Booth 13 to learn more about how Empyrean is transforming the way bankers approach risk management, budgeting and planning, profitability and much more. To learn more about Empyrean, visit our website today: https://lnkd.in/emyUGzj
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Highlights from Kenneth Levey and Bryan Ridgway speaking at the Financial Managers Society Forum Annual Conference today in Boston on the panel "Deriving More Value from Your Planning and Reporting Processes". Want to see more thought leadership from Empyrean Solutions? Check out our blog here: https://lnkd.in/eWwgPVQG
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Thanks Zach Englert for sharing these key takeaways from our user conference!
Five Things I learned from the Empyrean Solutions User Conference: 1. Stochastic modeling ( I also learned what this is) can be used as an enablement tool, providing a more probabilistic approach to modeling as opposed to a deterministic one. This will enable banks to identify likely scenarios, and hedge against unfavorable ones. 2. Hedging can be a painful process, but if it isn't painful, it's not worth it. Interest rate moves can occur quickly, and having hedges in place can prevent much more serious pain than the act of getting them in the first place. 3. There are still some major areas of regulatory focus: liquidity, capital planning, and concentrations (funding, office, relationships). Regulators are looking for commentary and documentation covering these specific topics. 4. Earnings expectations are continuously challenged given current margin pressure and growth concerns. Credit metrics have remained solid, but there are concerns out there. 5. There are some AWESOME product updates inbound: I generally don't get too excited about banking software, but it's hard not to feel the energy around the Empyrean team right now with a variety of product rollouts and enhancements coming later this summer and the end of this year. Always something to look forward to! The conference was a ton of fun this year, and I'm hopeful you are able to join next year!
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Some highlights from Day 2 of the Empyrean Solutions User Conference 2024! Thank you to all of our clients, speakers, sponsors, and colleagues for joining us yesterday in Boston. Being able to connect in-person to engage with peers is a major driver for hosting our user conference, as is seeing members of our community make new connections with one another. We'll have more highlights to share over the next few days - safe travels to all of our attendees! Want to learn more about Empyrean? Visit our website today: www.empyreansolutions.com
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The Empyrean Solutions User Conference is underway! Highlights from Day 1: members of our community have engaged one other to discuss best practices and new approaches to risk management, connected with Empyrean experts to discuss what's next with our solutions, and enjoyed some refreshments at our Day 1 Evening Reception. Thank you to all of our guests for joining us - more to come for Day 2! #alm #riskmanagement #banking #creditunions #profitability
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