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Empyrean Profitability ™ supports all levels of profitability measurement and analysis, including: Customer, Relationship, Officer / RM, Product, Business Unit / LOB, etc. by calculating profitability at the individual instrument level. It provides both accuracy and consistency, as profitability is first measured at the lowest level, and then ...
- Profitability Measurement & Analysis
Profitability measurement is as much art as it is science....
- Empyrean Budgeting & Planning
Designed specifically for banks and credit unions to support...
- Profitability Measurement & Analysis
- Begin with The End in Mind
- The Profitability Measurement Process Must Be Defensible
- Profitability as A Relative Metric
- Conclusion
In his popular book, 7 habits of Highly Effective People, educator, businessman, motivational speaker and author, Stephen Covey, identifies the second habit as “Begin With the End in Mind.” The essence of this habit, and this phrase, is that you need to know where you are going, what you are building, what your goal is, before you start the journey...
Profitability measurement is as much art as it is science. Opinions regarding the “correct” way to measure and calculate profitability vary widely based on past experiences, knowledge, which segments of profitability are being calculated, availability of data, etc. The political and cultural dynamics are as challenging as the data and tool aspects....
When analyzing profitability results, whether it be for a customer, officer, product, branch, or any other segment, viewing a single period profit and loss (P&L) statement in terms of dollars provides limited value. Yes, you can determine if that one product, for example, is adding or eroding value for the organization, and which of the five profit...
Unprecedented market changes, volatility, and uncertainty due to a variety of factors are forcing financial institutions to incorporate more empirical data and financial metrics into the decision-making process. Including profitability data and results is essential, as this information enables both strategic and tactical decisions that are aligned ...
Designed specifically for banks and credit unions to support your budgeting, forecasting, strategic planning and scenario analysis needs, Empyrean Budgeting & Planning ™ combines and integrates the best practices, tools, and approaches from Asset/Liability Management (ALM) with the collaborative planning processes needed for budgeting ...
Empyrean Profitability fully integrates with Empyrean’s risk and performance management solutions, like Empyrean ALM® and Empyrean Budgeting & Planning™, equipping banks with a powerful suite of tools to fully understand the financial performance of their institution.
Dec 11, 2023 · Empyrean Profitability's tool set enables the calculation and attribution of margin, costs, revenue, provision, and capital, providing banks and credit unions with a complete picture of ...
Woburn, MA - Empyrean Solutions™ is pleased to announce the market release of its new, cloud-based profitability solution, Empyrean Profitability™, generally available to the financial services industry as of today. The solution combines sophisticated profitability measurement approaches with user-friendly interfaces and analytical tools to support better decision making.
Empyrean has powered the balance sheet analysis of over $2 trillion of cumulative customer AUM since its founding in 2010. Through their deployed software and outsource solutions services division, FICast, Empyrean works with over 600 banks and credit unions, ranging from $50 million to $200+ billion in assets.
