2 customisable OKR examples for Financial Compliance

What are Financial Compliance 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 Financial Compliance 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 Financial Compliance 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 Financial Compliance OKRs examples

You will find in the next section many different Financial Compliance 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 ensure precision in financial statement generation

  • ObjectiveEnsure precision in financial statement generation
  • Key ResultExtend internal audit process to cover all financial transactions by 15%
  • TaskImplement extra training for thorough audits
  • TaskAdd 15% more transactions to audit checklist
  • TaskIncrease audit team size for additional oversight
  • Key ResultTrain accounting team on latest financial standards to enhance compliance by 20%
  • TaskIdentify key updates in recent financial standards
  • TaskConduct interactive training sessions for accounting team
  • TaskPrepare comprehensive training materials
  • Key ResultImplement innovative accounting software to reduce errors by 30%
  • TaskResearch and identify innovative accounting software options
  • TaskPurchase and install chosen accounting software
  • TaskTrain staff in using the new software

2OKRs to streamline financial application processes through process orchestration

  • ObjectiveStreamline financial application processes through process orchestration
  • Key ResultDecrease average process execution time by 20% compared to previous quarter
  • Key ResultAchieve 100% compliance with regulatory requirements in financial process orchestration
  • TaskImplement necessary process changes and updates to ensure 100% compliance
  • TaskIdentify gaps in regulatory compliance and develop corrective action plans
  • TaskContinuously monitor and evaluate the effectiveness of the revised financial process orchestration
  • TaskConduct a thorough review of current financial process orchestration practices
  • Key ResultEnsure process orchestration platform uptime of 99.9% for seamless application integration
  • TaskConduct regular disaster recovery tests to ensure seamless application integration in case of failures
  • TaskRegularly update and patch the process orchestration platform for improved stability and performance
  • TaskImplement a proactive monitoring system to quickly identify and resolve potential issues
  • TaskSet up a redundant infrastructure for the process orchestration platform
  • Key ResultIncrease cross-application data integration rate to 95% for financial processes
  • TaskConduct a thorough audit to identify barriers to cross-application data integration
  • TaskContinuously monitor and refine integration processes to ensure high data integration rate
  • TaskProvide comprehensive training to employees on using integrated data systems effectively
  • TaskImplement standardized data formats and protocols to streamline data integration processes

Financial Compliance 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 Financial Compliance OKRs in a strategy map

Quarterly OKRs should have weekly updates to get all the benefits from the 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 Financial Compliance 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 👀

Tability is a unique goal-tracking platform built to save hours at work and help teams stay on top of their goals.

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