15 customisable OKR examples for Finance Management

What are Finance Management OKRs?

The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.

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 Management 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 Management 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 Management OKRs examples

You will find in the next section many different Finance Management 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!

1OKRs 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

2OKRs 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

3OKRs to maintain financial health by sticking to budget

  • ObjectiveMaintain financial health by sticking to budget
  • Key ResultIncrease savings by 10% through efficient budget allocation
  • TaskAllocate income towards high-interest savings accounts
  • TaskIdentify and cut unnecessary expenditures from personal budget
  • TaskRegularly review and adjust budget for efficiency
  • Key ResultAchieve zero budget overruns in all spending categories
  • TaskMonitor all expenses regularly and adjust promptly
  • TaskProvide training for effective budget management
  • TaskImplement strict financial controls and budget limits
  • Key ResultReduce discretionary spending by 15% compared to last quarter
  • TaskIdentify non-essential expenses from last quarter
  • TaskDefine a strict budget on discretionary items
  • TaskImplement expenditure tracking and control methods

4OKRs 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

5OKRs 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

6OKRs to efficiently monitor and manage the release of billing milestones

  • ObjectiveEfficiently monitor and manage the release of billing milestones
  • Key ResultImprove the accuracy of forecasting milestone releases by 30%
  • TaskProvide training on accuracy in forecasting
  • TaskIncrease communication among project team members
  • TaskImplement robust project management tracking tools
  • Key ResultDecrease the latency between billing milestone releases by 15%
  • TaskRevise and streamline the current billing process
  • TaskImplement efficient billing software
  • TaskTrain team on rapid billing procedures
  • Key ResultImplement a tracking system to capture 100% of billing milestones in real time
  • TaskResearch available tracking systems suited to billing milestones
  • TaskTrain staff on how to utilize the new billing tracking system
  • TaskSelect and procure an appropriate real-time tracking system

7OKRs to grow personal net worth to $1M

  • ObjectiveGrow personal net worth to $1M
  • Key ResultInvest 30% of income in high-yield, low-risk opportunities
  • TaskAllocate funds towards selected investment opportunities
  • TaskDetermine the amount equalling 30% of your yearly income
  • TaskResearch high-yield, low-risk investment options
  • Key ResultIncrease monthly income by 50% through diversifying income streams
  • TaskLearn and engage in e-commerce or online business opportunities
  • TaskExplore and invest in a variety of income generating assets
  • TaskStart a side job or freelance work related to your skills
  • Key ResultReduce monthly expenses by 20% through budgeting and disciplined spending
  • TaskEstablish a strict weekly budget and stick to it
  • TaskCut out unnecessary expenses such as dining out
  • TaskRegularly review and adjust spending habits

8OKRs to implement effective cloud cost management and budget alignment strategies

  • ObjectiveImplement effective cloud cost management and budget alignment strategies
  • Key ResultIncrease forecast accuracy for cloud spending by 20% via predictive analytics
  • TaskContinuously improve data models for better forecasting accuracy
  • TaskImplement rigorous testing and validation of predictive models
  • TaskDevelop precise predictive analytics algorithms for cloud spending
  • Key ResultReduce overall cloud expenditure by 15% using cost-optimization strategies
  • TaskIdentify and eliminate underutilized or idle cloud resources
  • TaskOptimize cloud storage and data transfer processes
  • TaskImplement automation and scale-down capabilities
  • Key ResultImplement a cloud cost governance framework that achieves 100% budget adherence
  • TaskEstablish financial controls and reporting tools
  • TaskMonitor cost usage and optimize resources regularly
  • TaskDefine a strict budget for your cloud services

9OKRs to achieve personal and financial stability

  • ObjectiveAchieve personal and financial stability
  • Key ResultSpend less than monthly income to create savings buffer of 15%
  • TaskCut back on unnecessary costs
  • TaskEstablish a strict monthly budget plan
  • TaskAllocate 15% of every paycheck to savings
  • Key ResultSecure steady income by landing a full time job
  • TaskUpdate and optimize your resume to highlight relevant skills and experiences
  • TaskPrep and practice for potential job interviews
  • TaskResearch and apply to job openings in your chosen field
  • Key ResultAttend 1 personal development workshop per month to enhance emotional stability
  • TaskRegister and pay for selected workshops
  • TaskParticipate fully in each workshop
  • TaskResearch and find upcoming personal development workshops

10OKRs to financial asset management

  • ObjectiveImprove the value and efficiency of our financial asset management processes
  • Key ResultIncrease overall financial performance by 80%\
  • Key ResultIncrease the value of our financial assets by 25%
  • Key ResultReduce the time spent on financial asset management tasks by 50%
  • Key ResultImprove the organization's ability to make informed financial decisions by 95%

11OKRs to ensure timely submission of Financial Statements (FS)

  • ObjectiveEnsure timely submission of Financial Statements (FS)
  • Key ResultImplement a tracking system to monitor FS creation and submission process
  • TaskImplement the chosen tracking system
  • TaskIdentify key stages in the FS creation and submission process
  • TaskResearch potential tracking system options
  • Key ResultImprove efficiency by 25% in terms of time taken for FS preparation
  • TaskConduct FS preparation training for staff efficiency
  • TaskIncorporate technology to automate FS preparation processes
  • TaskImplement better organizational practices for FS preparation
  • Key ResultSet and adhere to pre-scheduled dates for completing sections of the FS
  • TaskSchedule specific completion dates for FS sections
  • TaskMake adjustments as necessary to meet deadlines
  • TaskRegularly review progress towards these dates

12OKRs to improve accuracy of financial statement reporting

  • ObjectiveImprove accuracy of financial statement reporting
  • Key ResultTrain staff on new financial reporting procedures to ensure 95% compliance
  • TaskDevelop a detailed training program for new financial procedures
  • TaskMonitor and evaluate staff compliance regularly
  • TaskImplement regular training sessions for all staff members
  • Key ResultImplement a comprehensive audit process to decrease reporting errors by 30%
  • TaskTrain staff on proper reporting and audit procedures
  • TaskInstall auditing software to automatically detect errors
  • TaskEstablish a defined auditing protocol involving routine checks
  • Key ResultImprove data management systems to reduce data-entry errors by 40%
  • TaskTrain staff on proper data-entry techniques
  • TaskUpgrade data-entry software for better accuracy
  • TaskImplement comprehensive data validation checks

13OKRs to enhance capital management for optimal value creation

  • ObjectiveEnhance capital management for optimal value creation
  • Key ResultAchieve 5% reduction in capital waste by streamlining operations
  • TaskDevelop streamlined processes for identified wasteful operations
  • TaskReview all operations to identify sources of capital waste
  • TaskImplement, monitor, and adjust streamlined processes as necessary
  • Key ResultReduce total capital expenditures by 15%
  • TaskAnalyze current capital expenditures for possible cost reductions
  • TaskRestructure financial plans, prioritizing essential capital investments
  • TaskLimit investing in new equipment or infrastructure
  • Key ResultIncrease return on invested capital by 10%
  • TaskImplement efficiency strategies to cut operational costs
  • TaskIdentify underperforming investments and reallocate funds
  • TaskExplore new investment avenues with higher returns

14OKRs to increase wealth by improving income and managing spending

  • ObjectiveIncrease wealth by improving income and managing spending
  • Key ResultDedicate 10% of each paycheck to investments to generate additional income
  • TaskDetermine monthly income
  • TaskTransfer this amount to chosen investments
  • TaskCalculate 10% of the monthly income
  • Key ResultRaise primary income by 15% through performance at work or business growth
  • TaskSeek promotion or salary increase at the current job
  • TaskDevelop and implement strategies for business sales growth
  • TaskImprove job performance through continuing education or training
  • Key ResultReduce unnecessary expenses by identifying and eliminating 20% of non-essential costs
  • TaskCreate a strategy to eliminate identified non-essential costs
  • TaskReview and categorize all expenses to identify non-essential costs
  • TaskImplement the cost-reduction strategy and track progress

15OKRs to improve invoice processing and payment efficiency

  • ObjectiveImprove invoice processing and payment efficiency
  • Key ResultIncrease on-time payments by 30%
  • TaskOffer incentives for early or on-time payments
  • TaskImplement reminders for due payments through email or texts
  • TaskImprove payment platforms for easier transactions
  • Key ResultReduce invoice processing errors by 20%
  • TaskRegularly review and audit processed invoices
  • TaskTrain staff thoroughly on proper invoice processing
  • TaskImplement a reliable automated invoice processing system
  • Key ResultReduce average invoice processing time by 15%
  • TaskRegularly review and improve invoicing processes
  • TaskTrain staff on efficient invoice handling procedures
  • TaskImplement automated invoice processing software

Finance Management OKR best practices to boost success

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 weekly OKR 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.

How to turn your Finance Management OKRs in a strategy map

The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. 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

We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using a proper OKR-tracking tool for it.

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 Management 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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