15 customisable OKR examples for Finance

What are Finance OKRs?

The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.

Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.

We've tailored a list of OKRs examples for Finance to help you. You can look at any of the templates below to get some inspiration for your own goals.

If you want to learn more about the framework, you can read our OKR guide online.

Building your own Finance OKRs with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.

Feel free to explore our tools:

Our customisable Finance OKRs examples

You will find in the next section many different Finance Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).

Hope you'll find this helpful!

1. OKR to enhance leadership skills in the finance department

  • ObjectiveEnhance leadership skills in the finance department
  • Key ResultAchieve a 20% increase in leadership competency scores in finance team evaluations
  • TaskImplement regular feedback sessions to identify improvements
  • TaskArrange weekly leadership development workshops for the finance team
  • TaskIncorporate mentorship programs with experienced leaders
  • Key ResultImplement a weekly finance-focused leadership workshop for potential leaders
  • TaskSchedule a consistent time for the weekly meetings
  • TaskInvite potential leaders to participate in workshops
  • TaskIdentify relevant finance topics for weekly workshops
  • Key ResultIdentify and mentor 3 high-potential employees for leadership roles
  • TaskBegin one-on-one mentoring sessions regularly
  • TaskIdentify three employees showing leadership potential
  • TaskDevelop personalized mentorship plans for each

2. OKR to enhance accuracy of general ledger amounts to 90%

  • ObjectiveEnhance accuracy of general ledger amounts to 90%
  • Key ResultConduct weekly audits of general ledger for accuracy and discrepancy detection
  • TaskRectify detected ledger inaccuracies promptly
  • TaskReview weekly transactions in general ledger
  • TaskIdentify and document any accounting discrepancies
  • Key ResultOrganize bi-weekly ledger accuracy training for the finance team
  • TaskSchedule and announce the bi-weekly training sessions to finance team
  • TaskPrepare engaging and comprehensive training materials about ledger accuracy
  • TaskDefine the key topics focussing on ledger accuracy for training sessions
  • Key ResultImplement a new streamlined ledger management software tool
  • TaskIdentify necessary features for the new ledger management software
  • TaskPurchase or develop the selected software tool
  • TaskTrain staff on how to use the new software

3. OKR to enhance risk management in the finance department

  • ObjectiveEnhance risk management in the finance department
  • Key ResultDecrease risk-related financial losses by 15%
  • TaskStrengthen internal audit procedures
  • TaskProvide staff training on risk management
  • TaskImplement regular financial risk assessment strategies
  • Key ResultDevelop and train staff on 3 new risk mitigation strategies
  • TaskIdentify and outline 3 new risk mitigation strategies
  • TaskPrepare a comprehensive training program around these strategies
  • TaskSchedule and conduct training sessions for staff
  • Key ResultImplement risk assessment tools to identify 20% more financial risks
  • TaskChoose appropriate risk assessment tools
  • TaskTrain staff on proper tool usage
  • TaskMonitor and measure effectiveness regularly

4. OKR to enhance finance department's risk management initiatives

  • ObjectiveEnhance finance department's risk management initiatives
  • Key ResultImplement a comprehensive risk monitoring system by end of quarter
  • TaskSelect appropriate risk monitoring software
  • TaskTrain staff on system usage and reporting
  • TaskIdentify key risk factors for ongoing review
  • Key ResultAchieve a 20% increase in risk management staff competency through targeted training programs
  • TaskDevelop targeted training programs addressing identified skill gaps
  • TaskImplement training programs and assess staff competency improvements
  • TaskIdentify specific areas requiring competency improvement in risk management staff
  • Key ResultReduce operational errors by 25% through improved controls and processes
  • TaskEvaluate and upgrade existing tools and systems
  • TaskImplement stricter quality control measures
  • TaskConduct regular staff training on operational procedures

5. OKR to enhance profitable performance of the finance team

  • ObjectiveEnhance profitable performance of the finance team
  • Key ResultImprove the ROI (Return on Investment) by 10% on all key business initiatives
  • TaskIncrease upselling and cross-selling efforts across channels
  • TaskIdentify and eliminate inefficient processes or expenditures
  • TaskImplement tracking metrics to optimize marketing campaigns
  • Key ResultIncrease total revenue by 15% in operational areas
  • TaskInitiate strategies for customer retention and acquisition
  • TaskEnhance product/service offerings to drive sales
  • TaskImplement efficiency measures to reduce operational costs
  • Key ResultCut financial inefficiencies and wastage by 20%
  • TaskImplement stricter budget control measures
  • TaskConduct thorough assessments to find wasteful spending
  • TaskTrain employees on cost efficiency strategies

6. OKR to ensure compliance and adaptability of Finance department for long-term success

  • ObjectiveEnsure compliance and adaptability of Finance department for long-term success
  • Key ResultIdentify and prioritize areas for automation and digitization within the Finance department
  • Key ResultImplement updated financial policies and procedures to meet regulatory requirements
  • TaskRevise and update financial policies and procedures to align with regulatory standards
  • TaskConduct a comprehensive review of existing financial policies and procedures
  • TaskIdentify gaps between existing policies and regulatory requirements
  • TaskCommunicate and train employees on the updated financial policies and procedures
  • Key ResultTrain all Finance department staff on new compliance protocols and best practices
  • TaskSchedule a training session for all Finance department staff
  • TaskConduct role-playing exercises to practice implementing the best practices
  • TaskAssess the knowledge and understanding of staff through a post-training evaluation
  • TaskDevelop training materials and resources for the new compliance protocols
  • Key ResultDevelop a roadmap for integrating emerging technologies to future-proof Finance operations

7. OKR to instill a high-performance culture in Finance Operations

  • ObjectiveInstill a high-performance culture in Finance Operations
  • Key ResultElevate employee job satisfaction rate to 90% via targeted development programs
  • TaskInitiate regular feedback sessions to identify employee issues and concerns
  • TaskImplement rewards and recognition system to acknowledge outstanding performance
  • TaskDevelop tailored training programs focusing on employee skill enhancement
  • Key ResultReduce financial reporting errors by 15% to ensure accuracy
  • TaskProvide staff with additional training on financial reporting
  • TaskAdopt automated financial reporting software to minimize manual errors
  • TaskImplement a double-checking system for all financial reports
  • Key ResultIncrease department's monthly revenue by 10% through process efficiencies
  • TaskIdentify and eliminate unnecessary processes in the workflow
  • TaskTrain staff on new, streamlined procedures
  • TaskImplement more efficient, cost-saving technology

8. OKR to improve accuracy and timeliness in invoice processing

  • ObjectiveImprove accuracy and timeliness in invoice processing
  • Key ResultIncrease on-time payments by 30%
  • TaskImplement automated reminders for upcoming payment due dates
  • TaskOffer incentives or discounts for early or on-time payments
  • TaskEnhance payment procedures for user simplicity and convenience
  • Key ResultReduce invoice processing errors by 25%
  • TaskImplement invoice automation software to reduce manual entry
  • TaskRegularly audit invoices to identify errors
  • TaskTrain staff on accurate invoice processing methods
  • Key ResultDecrease invoice processing time by 20%
  • TaskTrain staff in efficient invoice management techniques
  • TaskImplement automated invoicing software to speed up processing
  • TaskStreamline invoice approval workflow to minimize delays

9. OKR to implement an AI tool for efficient user manual generation

  • ObjectiveImplement an AI tool for efficient user manual generation
  • Key ResultSecure funding for AI investment by increasing budget 20%
  • TaskCreate a detailed proposal highlighting AI's potential returns
  • TaskCollaborate with finance team for budget reallocation suggestions
  • TaskPitch the revised budget plan to decision-makers
  • Key ResultIncrease user manual production speed by 50% using the newly implemented AI tool
  • TaskPrioritize AI-assisted content editing to enhance efficiency
  • TaskUtilize AI tool for automatic content generation for user manuals
  • TaskImplement regular staff training on AI tool usage
  • Key ResultTrain team on AI tool usage, resulting in 30% less time spent drafting
  • TaskImplement regular practice sessions to reinforce learning
  • TaskEstablish a progress monitoring system for tool proficiency
  • TaskSchedule AI tool training sessions for all team members

10. OKR to improve efficiency and effectiveness in project delivery

  • ObjectiveImprove efficiency and effectiveness in project delivery
  • Key ResultDecrease project overhead costs by 5%
  • TaskIdentify and eliminate non-essential project expenses
  • TaskImprove efficiency in project management practices
  • TaskNegotiate better rates with vendors/suppliers
  • Key ResultReduce project delivery time by 10%
  • TaskPrioritize training of team members for improved productivity
  • TaskStreamline communication channels to hasten decision-making
  • TaskImplement advanced project management tools for increased efficiency
  • Key ResultIncrease project completion rate by 15%
  • TaskPrioritize and streamline tasks based on their importance and deadlines
  • TaskImprove team communication and clarity on project objectives
  • TaskImplement regular progress monitoring and provide necessary feedback

11. OKR to bolster Finance Department's role in Corporate Social Responsibility (CSR) drives

  • ObjectiveBolster Finance Department's role in Corporate Social Responsibility (CSR) drives
  • Key ResultImplement a department-led CSR training program for 90% staff participation
  • TaskSchedule and execute department-wide training sessions
  • TaskDevelop engaging, comprehensive training materials
  • TaskIdentify department leaders to oversee the CSR training program
  • Key ResultReduce paper usage in the finance department by 30% through digitization
  • TaskImplement a digital document management system
  • TaskTrain staff on digital record-keeping methods
  • TaskReplace paper invoices with e-billing systems
  • Key ResultAllocate 15% of department fund towards supporting local charity organizations
  • TaskDistribute calculated amount among local charities
  • TaskDetermine total amount of department fund
  • TaskCalculate 15% of the total fund

12. OKR to optimize IT costs by reducing expenses by 20%

  • ObjectiveReduce IT expenses by 20%
  • Key ResultAnalyze previous quarter expenses and identify areas for cost reduction
  • TaskDetermine cost-saving opportunities
  • TaskIdentify spending patterns
  • TaskReview expenses
  • TaskImplement cost reduction measures
  • Key ResultEducate employees on cost-saving practices and enforce IT policies
  • TaskRegularly remind staff of cost-cutting policies
  • TaskContain training sessions for IT policy adoption
  • TaskMonitor employee compliance with IT policies and address non-compliance
  • TaskHold information sessions about cost-saving practices
  • Key ResultNegotiate with vendors for better pricing
  • TaskResearch vendor's competitors and their rates
  • TaskHighlight your previous purchasing history with them
  • TaskOffer to sign a long-term contract for a discount
  • TaskAsk for a volume discount based on the forecasted quantity
  • Key ResultImplement solutions and track savings
  • TaskIdentify opportunities for cost reduction
  • TaskImplement cost-saving solutions
  • TaskTrack and report realized savings
  • TaskPrioritize solutions based on potential savings

13. OKR to establish a robust, efficient new financial structure

  • ObjectiveEstablish a robust, efficient new financial structure
  • Key ResultAchieve 20% cost reduction through optimization of financial processes
  • Key ResultIntegrate advanced digital platforms for efficient monetary transactions by end of quarter
  • TaskImplement chosen platforms into current systems
  • TaskIdentify advanced digital platforms suitable for monetary transactions
  • TaskDevelop integration strategy for chosen platforms
  • Key ResultTrain 90% of finance employees on the new financial structure for seamless integration
  • TaskMonitor training progress to ensure 90% completion rate
  • TaskSchedule and coordinate with finance employees for their training
  • TaskIdentify suitable training seminars or courses on the new financial structure

14. OKR to to Increase productivity in financial statement preparation process

  • ObjectiveTo Increase productivity in financial statement preparation process
  • Key ResultStreamline communication process to decrease feedback acquisition from 10 days to 5 days
  • TaskImplement a unified communication platform for quicker feedback receipt
  • TaskEstablish regular short stand-up meetings for rapid updates
  • TaskSet clear expectations about response times with team members
  • Key ResultReduce time taken to compile financial data by 25%
  • TaskImplement automated data compilation software
  • TaskProvide staff training on efficient data management
  • TaskRegularly review and streamline finance processes
  • Key ResultImplement a new accounting software to minimize manual errors by 50%
  • TaskConduct staff training on new software use
  • TaskIdentify and purchase appropriate accounting software
  • TaskDefine requirement specifications for new accounting software

15. OKR to execute budget computation each Monday

  • ObjectiveExecute budget computation each Monday
  • Key ResultImprove computation speed by 15% by the end of the quarter
  • TaskUpgrade to faster, modern hardware as necessary
  • TaskImplement efficient algorithms to reduce computational complexity
  • TaskOptimize existing code for better performance
  • Key ResultSubmit a reviewed budget calculation to the finance team by each Tuesday
  • TaskFinalize and download the corrected budget calculation
  • TaskEmail the finalized calculation to the finance team each Tuesday
  • TaskReview and correct the budget calculation weekly
  • Key ResultEnsure zero errors in all weekly budget computations
  • TaskRegularly update and verify all data input
  • TaskReview and double-check computations every week
  • TaskImplement a comprehensive error checking process

Best practices for managing your Finance OKRs

Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.

Here are a couple of best practices extracted from our OKR implementation guide 👇

Tip #1: Limit the number of key results

The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.

We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.

Tability Insights DashboardTability's audit dashboard will highlight opportunities to improve OKRs

Tip #2: Commit to the weekly check-ins

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.

Being able to see trends for your key results will also keep yourself honest.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

Tip #3: No more than 2 yellow statuses in a row

Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.

As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.

Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.

Best way to track your Finance OKRs

Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs framework. Reviewing progress periodically has several advantages:

  • It brings the goals back to the top of the mind
  • It will highlight poorly set OKRs
  • It will surface execution risks
  • It improves transparency and accountability

Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.

A strategy map in TabilityTability's Strategy Map makes it easy to see all your org's OKRs

If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.

More Finance OKR templates

We have more templates to help you draft your team goals and OKRs.

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.

Create more examples in our app

You can use Tability to create OKRs with AI – and keep yourself accountable 👀

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