OKR template to to Increase productivity in financial statement preparation process
Your OKR template
The first objective seeks to halve the time spent obtaining feedback from 10 days to 5. This is to be achieved via adoption of a unified communication platform, regular stand-up meetings for quick updates, and setting specific expectations of response times with team members.
The second outcome strives to cut the time spent compiling financial data by a quarter. The plan to achieve this includes implementation of a system for automatic data compilation, provision of staff training on efficient data management, and regular reviews of finance processes to ensure optimal operation.
The final outcome aims to employ a new accounting software that lowers manual errors by 50%. Training staff on the software use, identifying and acquiring appropriate accounting software, and setting up requirement specifications for the software are the proposed means to achieve this.
ObjectiveTo Increase productivity in financial statement preparation process
KRStreamline communication process to decrease feedback acquisition from 10 days to 5 days
Implement a unified communication platform for quicker feedback receipt- Establish regular short stand-up meetings for rapid updates
- Set clear expectations about response times with team members
- KRReduce time taken to compile financial data by 25%
- Implement automated data compilation software
- Provide staff training on efficient data management
- Regularly review and streamline finance processes
- KRImplement a new accounting software to minimize manual errors by 50%
- Conduct staff training on new software use
- Identify and purchase appropriate accounting software
- Define requirement specifications for new accounting software
How to edit and track OKRs with Tability
You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.
Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.
With Tability you can:
- Use AI to draft a complete set of OKRs in seconds
- Connect your OKRs and team goals to your project
- Automate reporting with integrations and built-in dashboard
Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.
The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.
Step 1. Sign up for a free Tability account
Go tohttps://tability.app/signup and create your account (it's free!)
Step 2. Create a plan
Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.
Step 3. Use the magic importer
Click on Use magic import to open up the Magic Import modal.
Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.
Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!
Now, just click on Import from text and let the magic happen.
Once your example is in the plan editor, you will be able to:
- Edit the objectives, key results, and tasks
- Click on the target 0 → 100% to set better target
- Use the tips and the AI to refine your goals
Step 4. Publish your plan
Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.
From there you will have access to all the features that will help you and your team save hours with OKR reporting.
- 10+ built-in dashboards to visualise progress on your goals
- Weekly reminders, data connectors, and smart notifications
- 9 views to map OKRs to strategic projects
- Strategy map to align teams at scale