15 OKR examples for Financial Team

What are Financial Team 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 Team 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 Team 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 Financial Team OKRs examples

You will find in the next section many different Financial Team 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!

OKRs to achieve 90% accuracy in financial statement preparation

  • ObjectiveAchieve 90% accuracy in financial statement preparation
  • Key ResultReduce errors in trial balances by 20% to ensure accurate financial reports
  • TaskImplement double-entry bookkeeping for accurate records
  • TaskReview trial balances weekly for discrepancies
  • TaskTrain staff in reconciliation techniques annually
  • Key ResultSuccessfully incorporate feedback from 2 financial audits to improve reporting accuracy
  • TaskReview the feedback received from both financial audits
  • TaskDetermine needed changes and improvements in reporting
  • TaskImplement changes and check their effectiveness regularly
  • Key ResultComplete a specialized course on financial statements and pass with at least 85% score
  • TaskTake the final course exam, aiming for 85% or higher
  • TaskConsistently study to grasp course content thoroughly
  • TaskResearch and enroll in a reputable financial statements course

OKRs to boost efficiency in preparing financial statements

  • ObjectiveBoost efficiency in preparing financial statements
  • Key ResultDecrease statement errors by 20% through improved training and software implementation
  • TaskRegularly evaluate and update statement production methods
  • TaskImplement in-depth training sessions on statement generation
  • TaskProcure advanced software for accurate statement production
  • Key ResultReduce financial statement preparation time by 15% from its current average
  • TaskStreamline data collection procedures for efficiency
  • TaskTrain team on efficient financial statement preparation skills
  • TaskImplement automated accounting software for faster data processing
  • Key ResultImplement a new financial statement software to automate at least 50% of tasks
  • TaskResearch and select the most suitable financial statement software
  • TaskMonitor and evaluate software's effectiveness regularly
  • TaskTrain employees on how to use this new software

OKRs to ensure timely submission of financial statement

  • ObjectiveEnsure timely submission of financial statement
  • Key ResultImplement a system to track and manage financial records by week 2
  • TaskTrain staff on how to use the system
  • TaskChoose and purchase the most suitable system
  • TaskResearch different financial tracking systems available
  • Key ResultDedicate three days each month to consolidate financial data
  • TaskGather and organize all necessary financial data
  • TaskSelect three appropriate days for financial data consolidation
  • TaskPerform data consolidation on chosen dates
  • Key ResultTrain and enable a backup person to handle financial statement preparation
  • TaskIdentify a suitable person for financial statement preparation training
  • TaskDesign a comprehensive training schedule for the selected person
  • TaskProvide continuous guidance and support to the trainee

OKRs 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

OKRs 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

OKRs to enhance competency in preparing financial statements

  • ObjectiveEnhance competency in preparing financial statements
  • Key ResultPrepare and review three sample financial statements error-free
  • TaskPrepare three sample financial statements
  • TaskVerify and proofread statements for errors
  • TaskCollect necessary financial data and records
  • Key ResultObtain feedback from a seasoned financial analyst on the prepared statements
  • TaskShare prepared statements with chosen analyst
  • TaskRequest review and feedback on those statements
  • TaskIdentify experienced financial analyst in the field
  • Key ResultComplete a comprehensive financial statements preparation course with 90% score
  • TaskRegister for a financial statement preparation course
  • TaskAttempt examinations, aiming for a 90% score
  • TaskDiligently study course materials weekly

OKRs to ensure completion of all account schedules and bank reconciliations

  • ObjectiveEnsure completion of all account schedules and bank reconciliations
  • Key ResultSuccessfully complete and document all minor accounts' reconciliation by week 6
  • TaskReconcile discrepancies found in all reviewed accounts
  • TaskReview all minor accounts for outstanding discrepancies
  • TaskDocument results of reconciliation for all accounts
  • Key ResultImplement a new system to track bi-weekly progress of bank reconciliations
  • TaskTrain staff on using the new system
  • TaskIdentify suitable software for tracking reconciliation progress
  • TaskInitiate regular bi-weekly update meetings
  • Key ResultInitiate and finish 100% reconciliation of 10 major accounts within first 4 weeks
  • TaskBegin reconciling the discrepancies for each account
  • TaskIdentify the 10 major accounts requiring reconciliation
  • TaskComplete reconciliation process for all accounts

OKRs 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

OKRs to improve cost efficiency through optimal resource allocation

  • ObjectiveImprove cost efficiency through optimal resource allocation
  • Key ResultReduce waste in resource allocation by identifying and eliminating non-essential expenses by 20%
  • TaskImplement and monitor the expense reduction plan
  • TaskIdentify non-essential expenses in current resource allocation
  • TaskCreate a plan to reduce these expenses by 20%
  • Key ResultReduce overall operational costs by 10% through careful cost monitoring and control
  • TaskImplement regular audits to identify unnecessary expenses
  • TaskEnforce strict budgeting and reduce waste
  • TaskIntroduce cost tracking systems in all departments
  • Key ResultIncrease resource utilization rate by 15% while maintaining performance quality
  • TaskImplement efficient resource allocation strategies
  • TaskProvide regular training for optimal resource utilization
  • TaskMonitor and optimize resource usage regularly

OKRs to implement automation for recurring journal entries

  • ObjectiveImplement automation for recurring journal entries
  • Key ResultChoose and onboard an automation software/tool by end of the first month
  • TaskPurchase and install the selected software
  • TaskConduct initial setup and staff training
  • TaskResearch and select a suitable automation tool
  • Key ResultMigrate 50% of recurring entries to the automation system by the second month
  • TaskImplement necessary changes for automation integration
  • TaskAchieve 50% automation of recurring entries
  • TaskIdentify recurring entries eligible for automation
  • Key ResultAchieve 100% accurate automation for all recurring entries by the end of the quarter
  • TaskIdentify all processes involved in managing recurring entries
  • TaskRegularly audit and refine automation system
  • TaskImplement automation software tailored to those processes

OKRs to deliver a well-informed assessment for a potential Series A follow-on investment at XY GmbH

  • ObjectiveDeliver a well-informed assessment for a potential Series A follow-on investment at XY GmbH
  • Key ResultComplete a comprehensive risk-benefit analysis of the follow-on investment
  • TaskIdentify and evaluate potential risks and benefits
  • TaskCompile and summarize analysis data in a final report
  • TaskGather all relevant data pertaining to the follow-on investment
  • Key ResultAnalyze XY GmbH's financial performance of the past two years
  • TaskCompare financial KPIs year-on-year to determine performance
  • TaskIdentify notable trends or outliers in financial data
  • TaskGather XY GmbH's financial statements from the past two years
  • Key ResultEvaluate competitiveness in XY GmbH's market sector
  • TaskReview customer satisfaction surveys and online reviews about XY GmbH's services
  • TaskAnalyze XY GmbH's product positioning and pricing against competitors
  • TaskConduct a SWOT analysis specific to XY GmbH's market sector

OKRs to grow personal net worth to $1m through strategic investments and savings

  • ObjectiveGrow personal net worth to $1m through strategic investments and savings
  • Key ResultInvest 30% of saved income wisely in high-yield platforms
  • TaskAllocate 30% of saved income for investment
  • TaskStrategically invest funds in chosen platforms
  • TaskIdentify high-yield investment platforms with a good reputation
  • Key ResultLimit expenses to save 50% of each month's income
  • TaskEstablish a consistent habit of depositing savings first
  • TaskSplurge on necessities only to cut down on extra expenses
  • TaskConsider cost-effective versions of daily used items
  • Key ResultIncrease passive income by 30% through evaluation and portfolio diversification
  • TaskResearch diverse investment opportunities for higher returns
  • TaskAnalyze current portfolio to identify underperforming assets
  • TaskAllocate investments strategically to profitable assets

OKRs to enhance capital utilization efficiency of auto-parts trading company

  • ObjectiveEnhance capital utilization efficiency of auto-parts trading company
  • Key ResultIncrease return on invested capital by 15%
  • TaskReview and optimize current investment portfolio
  • TaskRedirect funds to high return investments
  • TaskEngage skilled financial advisor to reassess strategies
  • Key ResultBoost revenue growth by 20% by leveraging existing capital
  • TaskInvest funds into market research for product improvement
  • TaskUpgrade technology to improve operational efficiency
  • TaskRedistribute capital towards more profitable business divisions
  • Key ResultReduce capital waste by 10% through process optimization
  • TaskReview all processes to identify areas of excessive spending
  • TaskTrain staff on optimized procedures to minimize waste
  • TaskImplement efficiency measures within identified wasteful processes

OKRs to successfully complete and submit a quality financial report within 5 days

  • ObjectiveSuccessfully complete and submit a quality financial report within 5 days
  • Key ResultAllocate specific time each day for efficient data collection and analysis
  • TaskUtilize a planner to track data tasks
  • TaskSet aside consistent periods for data analysis
  • TaskSchedule dedicated daily time for data collection
  • Key ResultEnsure accuracy in the financial report by performing daily review and revisions
  • TaskCorrect any inaccuracies found in the financial reports immediately
  • TaskReview financial reports daily for possible errors
  • TaskUpdate financial reports daily for accurate tracking
  • Key ResultSubmit the final report within the 5-day deadline to secure timely submission
  • TaskSubmit the report before the 5-day deadline
  • TaskEnsure submission confirmation is received
  • TaskFinalize and proofread the report thoroughly

OKRs to enhancement of CSR initiatives' financial efficiency and impact

  • ObjectiveEnhancement of CSR initiatives' financial efficiency and impact
  • Key ResultSecure 3 new corporate sponsors for ongoing CSR initiatives
  • TaskIdentify potential sponsors within relevant industries
  • TaskFollow up with potential sponsors for feedback
  • TaskPrepare and send personalized sponsorship proposals
  • Key ResultIncrease financial contribution to CSR projects by 20%
  • TaskApprove and implement the revised financial plan
  • TaskIdentify current CSR projects' budgets and calculate a 20% increase
  • TaskReview and reallocate the overall budget to accommodate increase
  • Key ResultAchieve a 10% reduction in administrative costs related to CSR projects
  • TaskIdentify inefficiencies in current CSR project procedures
  • TaskImplement cost-effective technologies to streamline processes
  • TaskTrain staff on budget optimization practices

Best practices for managing your Financial Team 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 Financial Team 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

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 Team 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.

Signup1 Create your workspace
Signup2 Build plans in seconds with AI
Signup3Track your progress