15 customisable OKR examples for Finance Operations

What are Finance Operations 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 Operations 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 Operations 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 Operations OKRs examples

You will find in the next section many different Finance Operations 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 reinforce innovation within the finance department operations

  • ObjectiveReinforce innovation within the finance department operations
  • Key ResultImplement 2 process improvement technologies enhancing efficiency by 25%
  • TaskResearch the best technologies for enhancing processes
  • TaskIdentify areas that need improvement for better efficiency
  • TaskImplement selected technologies and monitor results
  • Key ResultAchieve a 15% increase in departmental productivity from continuous improvement initiatives
  • TaskLaunch team-building exercises for improved collaboration
  • TaskImplement workflow software to optimize daily operations
  • TaskConduct regular employee training sessions
  • Key ResultConduct 5 innovative idea sharing workshops leading to 10 actionable strategies
  • TaskIdentify topics and structure for 5 idea sharing workshops
  • TaskPlan and conduct each workshop targeting innovative idea generation
  • TaskSelect and finalized 10 actionable strategies from generated ideas

2. 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

3. OKR to optimize financial operations for strategic partnerships and alliances

  • ObjectiveOptimize financial operations for strategic partnerships and alliances
  • Key ResultImprove financial reporting accuracy for partnerships and alliances by 20%
  • TaskRegularly review and adjust the reporting process
  • TaskImplement robust data verification systems for financial records
  • TaskOffer refresher training on financial reporting standards
  • Key ResultImplement collaborative tools and processes to increase efficiency by 25%
  • TaskResearch and select collaborative tools suited for our operations
  • TaskMonitor usage and productivity weekly for improvements
  • TaskDevelop and deliver thorough training on chosen tools
  • Key ResultReduce processing cost of partnership transactions by 15%
  • TaskImplement automated systems for streamlined partnership transactions
  • TaskNegotiate lower fee rates with third-party payment processors
  • TaskOptimize operational processes to increase transactional efficiency

4. OKR to improve financial operations for increased efficiency and effectiveness

  • ObjectiveImprove financial operations for increased efficiency and effectiveness
  • Key ResultImplement a new budgeting strategy, ensuring 95% adherence to it
  • TaskConduct training on new budget adherence
  • TaskDevelop comprehensive, realistic budget strategy
  • TaskRegularly monitor and assess budget compliance
  • Key ResultReduce operational costs by 10% through optimizing resource allocation
  • TaskImplement optimization strategies for resource allocation
  • TaskEvaluate success metrics post-implementation
  • TaskAnalyze current resource distribution for inefficiencies
  • Key ResultIncrease return on investment by 15% via strategic financial decisions
  • TaskImplement cost-cutting measures across all departments
  • TaskEvaluate and identify profitable long-term investment opportunities
  • TaskRestructure high-cost debt to reduce expenditure

5. OKR to streamline financial processes for enhanced profit growth

  • ObjectiveStreamline financial processes for enhanced profit growth
  • Key ResultIncrease net profit margin by 10% through operational efficiencies
  • TaskIncrease pricing strategy efficiency to boost profit
  • TaskStreamline supply chain to reduce operational expenses
  • TaskImplement cost-saving measures in production processes
  • Key ResultImprove financial forecasting accuracy by 15% through use of advanced analytics
  • TaskTrain staff on accurate use of analytics tools
  • TaskContinually assess and refine forecasting model accuracy
  • TaskImplement advanced analytics software for financial forecasting
  • Key ResultImplement two new innovative cost-reduction strategies by the end of the quarter
  • TaskDevelop a detailed plan for implementation
  • TaskResearch and identify potential cost-reduction strategies
  • TaskExecute and monitor the new strategies

6. OKR to streamline and expedite cost allocation computation process

  • ObjectiveStreamline and expedite cost allocation computation process
  • Key ResultDecrease computation process by 30% through automation or process enhancement
  • TaskDesign and implement automation scripts or software
  • TaskIdentify areas where automation can reduce computational processes
  • TaskEvaluate and tweak enhancements for optimal efficiency
  • Key ResultSuccessfully complete 100% of cost allocation computations by day 3
  • TaskReview and finalize computations by day 3
  • TaskStart cost allocation computations on day 1
  • TaskDedicate sufficient time and staff to computations
  • Key ResultDevelop a plan to optimize the computation method within the first 2 weeks
  • TaskIdentify current computation inefficiencies
  • TaskImplement and test the chosen method
  • TaskResearch alternative, optimized computation methods

7. OKR 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

8. OKR to boost finance operations to increase brand visibility and market influence

  • ObjectiveBoost finance operations to increase brand visibility and market influence
  • Key ResultImprove customer satisfaction rates by 25% through streamlined billing processes
  • TaskTrain staff on new streamlined billing processes for better efficiency
  • TaskRegularly solicit and act upon customer feedback on billing experience
  • TaskImplement automated, error-free billing system to enhance accuracy
  • Key ResultIncrease investor presentations by 40% to expand brand visibility
  • TaskSchedule 40% more investor presentations each week
  • TaskCreate more engaging content for additional investor presentations
  • TaskUtilize various platforms for hosting investor presentations
  • Key ResultImplement new finance software to reduce errors by 30%
  • TaskTrain employees on the new system usage
  • TaskResearch and select suitable finance software
  • TaskMonitor and evaluate error reduction efforts

9. OKR to implement cost savings/automation initiative

  • ObjectiveImplement cost savings/automation initiative
  • Key ResultDevelop detailed implementation plan for chosen initiative by week 8
  • TaskIdentify objectives and deliverables of the chosen initiative
  • TaskAssign roles and responsibilities related to the plan
  • TaskDevelop comprehensive timeline for each task by week 8
  • Key ResultIdentify 3 potential areas for cost savings/automation by week 4
  • TaskReview current expenditures to identify key cost areas
  • TaskAnalyse processes for potential automation
  • TaskIdentify inefficiencies within procedures
  • Key ResultAchieve 10% cost reduction or time savings via the implemented initiative by week 12
  • TaskSet clear goals for the initiative focusing on cost reduction
  • TaskAdapt and improve strategies according to progress
  • TaskRegularly track and evaluate the initiative's performance

10. OKR to increase company profitability

  • ObjectiveIncrease company profitability
  • Key ResultAchieve a 10% reduction in operating costs through efficiency improvements
  • TaskIdentify wasteful practices in the current operational process
  • TaskImplement new efficiency-enhancing technologies
  • TaskTrain staff on cost-saving practices and procedures
  • Key ResultIncrease net revenue by 15% via new customer acquisition strategies
  • TaskConduct market research to identify potential customer segments
  • TaskOffer incentives for referrals to generate new clients
  • TaskDevelop and implement a targeted digital marketing campaign
  • Key ResultImplement cost-saving measures to decrease overhead expenses by 8%
  • TaskDevelop strategies to reduce miscellaneous office expenditures
  • TaskReview and analyze current overhead expenses in detail
  • TaskOptimize energy usage to minimize utility bills

11. OKR to meet or exceed financial and operational milestones for investor confidence

  • ObjectiveAchieve investor confidence by meeting financial and operational milestones
  • Key ResultAchieve X% growth in user base through targeted marketing and product enhancements
  • Key ResultIncrease revenue by X% through new customer acquisition and increased sales
  • Key ResultImprove customer satisfaction score by X% through enhanced product features and customer support
  • Key ResultReduce operational costs by X% through process optimization and automation

12. OKR to increase overall business profitability

  • ObjectiveIncrease overall business profitability
  • Key ResultEnhance product pricing to boost gross profit by 15%
  • TaskAnalyze competitors' pricing strategies for comparable products
  • TaskImplement cost reduction measures to increase profit margins
  • TaskAdjust pricing based on product demand and value perception
  • Key ResultImplement process optimization strategies to cut operational costs by 7%
  • TaskIdentify and analyze areas with high operational costs
  • TaskEvaluate the impacts regularly and make adjustments
  • TaskDevelop and apply process optimization strategies
  • Key ResultAttain a 10% net profit margin by improving cost efficiency
  • TaskIdentify unnecessary costs and eliminate them
  • TaskImplement more cost-effective processes and procedures
  • TaskTrain employees on cost efficiency practices

13. OKR to augment efficiency and precision of treasury operations

  • ObjectiveAugment efficiency and precision of treasury operations
  • Key ResultIncrease returns on idle cash by 15%
  • TaskTransfer idle cash into higher yield savings account
  • TaskReview current interest rates and compare with alternative investment options
  • TaskInvest in profitable, low-risk financial instruments
  • Key ResultReduce treasury related financial reporting errors by 20%
  • TaskEstablish stringent review and approval processes for financial reports
  • TaskImplement automated treasury management software with accurate reporting features
  • TaskConduct regular training on financial reporting procedures for treasury staff
  • Key ResultImplement a new cash management system to reduce manual input by 30%
  • TaskResearch and select an automated cash management solution
  • TaskIdentify inefficiencies and errors in current cash management system
  • TaskTrain staff in utilization of the new system

14. OKR to enhance financial operations for continuous improvement

  • ObjectiveEnhance financial operations for continuous improvement
  • Key ResultMinimize financial waste by identifying and reducing unnecessary expenses by 5%
  • TaskImplement strategies to cut identified expenses by 5%
  • TaskIdentify non-essential expenses across all categories
  • TaskAnalyze all financial statements for last one year
  • Key ResultImplement at least two efficiency-improving process changes in the finance department
  • TaskResearch industry standards for efficient practices
  • TaskIntroduce technology to automate financial processes
  • TaskIdentify inefficiencies in current financial operations
  • Key ResultIncrease quarterly profits by at least 10%
  • TaskImplement cost-saving measures throughout all departments
  • TaskDevelop and execute an aggressive sales strategy
  • TaskExpand product or service offerings to generate revenue

15. OKR to streamline accounts receivable operations

  • ObjectiveStreamline accounts receivable operations
  • Key ResultIncrease collection rates by 25%
  • TaskImplement an advanced collection management software system
  • TaskTrain staff on effective collection strategies
  • TaskIncentivize timely payments with discounts
  • Key ResultReduce invoice processing time by 30%
  • TaskStreamline invoice approval processes
  • TaskTrain staff on efficient invoice management
  • TaskImplement automated invoice processing software
  • Key ResultDecrease outstanding payments by 40%
  • TaskImplement quicker invoice processing system
  • TaskReview and update current payment follow-up procedures
  • TaskNegotiate payment plans with delinquent customers

Best practices for managing your Finance Operations 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 Operations OKRs

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

Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.

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 Operations 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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