Preparing Your Balance Sheet for Liquidity Stress Posted2/20/2023 2:29:57 PM https://empyreansolutions.com/preparing-your-balance-sheet-for-liquidity-stress/ Since the onset of the pandemic in early 2020, the financial system has been flush with deposits, and the focus has been on making loans/investments with excess capital.So, what has changed? Posted byRoxanna Bradford Read More
Featured Video Posted11/11/2022 9:19:07 AM https://www.youtube.com/embed/SlGdZDUHUG0 Posted byRoxanna Bradford
Empyrean Solutions Press Release Posted11/10/2022 2:03:16 PM https://empyreansolutions.com/press-release/ In August 2022, Empyrean Solutions announced the market release of its new, cloud-based Budgeting and Planning Solution, solely dedicated to the needs of banks and credit unions. The solution offers the features and ease-of-use of a comprehensive multi-user planning system, while being configurable to the needs and size of your organization. Furthermore, Empyrean Budgeting & Planning is fully integrated with our industry-leading Asset/Liability software, ensuring assumptions and results will be easily reconcilable across the two disciplines. Posted byRoxanna Bradford Read More
Timing is Important when Evaluating a New Budgeting & Planning Solution Posted11/10/2022 1:58:18 PM https://empyreansolutions.com/process-of-evaluating-a-new-budgeting-planning-sol... Numerous factors must be accounted for when deciding to purchase and implement a new budgeting, planning, and forecasting system. While the capabilities of the system are important, don’t forget the significance that timing plays in the success of rolling out a new process and solution. Many organizations wait too long to research, decide upon, and implement a new system, putting significant pressure on their team(s) to rush through an implementation of the new application in order to meet the typical budget cycle deadlines. When thinking about the purchase of a budgeting, planning, and forecasting tool, we strongly suggest working backwards from your targeted “Go-live” date. Posted byRoxanna Bradford Read More
Profitability Measurement & Analysis Posted11/10/2022 1:52:52 PM https://empyreansolutions.com/profitability-measurement-analysis/ As your organization looks to make strategic and tactical decisions, do you trust your intuition, your sixth sense, your gut feel, or do you trust your reports, your data, and your analytics? Does your institution still make decisions purely based on the knowledge and experience of certain individuals, based purely on data and key metrics, or based on a combination of the two? Given the current banking environment, the uncertainties regarding the economic, political and health climates, and the continuous evolution of your customers’ expectations regarding the types, availability, and timeliness of their interactions with your institution, you cannot afford to be in one camp or the other. In today’s environment you need to gather, capture, and calculate key pieces of data, information, and metrics, and then layer your people’s knowledge, experience, and intuition to support an efficient, yet effective decision-making process. Authoring InstitutionEmpyrean Solutions Read More
Featured Video Posted11/9/2022 2:17:15 PM https://www.youtube.com/watch?v=SlGdZDUHUG0 Posted byRoxanna Bradford