Use Tability to generate OKRs and initiatives in seconds.
tability.ioWhat are Financial Strategist 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 Strategist 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.
Financial Strategist OKRs examples
You will find in the next section many different Financial Strategist 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 boost the overall interest income
ObjectiveBoost the overall interest income
KRSecure 10% growth in savings account balances by attracting new clients
Offer competitive interest rates for savings accounts- Develop a marketing strategy to attract new potential clients
- Implement customer referral programs
- KRIncrease customer investment in fixed deposit accounts by 15%
- Initiate targeted advertising campaigns for fixed deposits
- Offer referral bonuses for fixed deposit account referrals
- Implement promotional rates for new fixed deposit accounts
- KRLaunch 2 innovative, high-yield financial products by next quarter
- Develop a proposal for two high-yield financial products
- Prepare a strategic product launch plan
- Test product feasibility and potential profitability
OKRs to enhance financial operations for continuous improvement
- ObjectiveEnhance financial operations for continuous improvement
- KRMinimize financial waste by identifying and reducing unnecessary expenses by 5%
- Implement strategies to cut identified expenses by 5%
- Identify non-essential expenses across all categories
- Analyze all financial statements for last one year
- KRImplement at least two efficiency-improving process changes in the finance department
- Research industry standards for efficient practices
- Introduce technology to automate financial processes
- Identify inefficiencies in current financial operations
- KRIncrease quarterly profits by at least 10%
- Implement cost-saving measures throughout all departments
- Develop and execute an aggressive sales strategy
- Expand product or service offerings to generate revenue
OKRs to improve financial strategies for customer satisfaction and loyalty
- ObjectiveImprove financial strategies for customer satisfaction and loyalty
- KRImprove customer service problem resolution efficiency by 20% through financial investment
- Invest in relevant, high-quality training for customer service staff
- Implement advanced customer service software systems
- Allocate budget for hiring additional customer service staff
- KRDevelop 3 new customer loyalty incentives reducing churn by 15%
- Design three new loyalty incentives addressing customers' needs and desires
- Identify top reasons for customer churn through surveys and data analysis
- Implement, track, and adjust incentives based on customer feedback and results
- KRIncrease customer satisfaction ratings by 10% through finance-related improvements
- Offer financial advice to customers
- Resolve complaints regarding billing timely
- Implement quicker, user-friendly payment methods
OKRs to increase company's overall profitability
- ObjectiveIncrease company's overall profitability
- KRBoost sales by 10% to enhance revenue
- Improve after-sales service to promote customer loyalty
- Implement an upselling strategy to increase average transaction value
- Enhance digital marketing tactics to expand customer reach
- KRRaise net profit margin by an additional 2%
- Implement measures to reduce operational and production costs
- Boost sales through improved marketing strategies
- Increase pricing of products or services strategically
- KRMinimize operating costs by 5% through efficiency measures
- Decrease unnecessary material waste production
- Streamline processes to reduce labour costs
- Implement energy-saving equipment and lighting fixtures
OKRs to increase wealth by improving income and managing spending
- ObjectiveIncrease wealth by improving income and managing spending
- KRDedicate 10% of each paycheck to investments to generate additional income
- Determine monthly income
- Transfer this amount to chosen investments
- Calculate 10% of the monthly income
- KRRaise primary income by 15% through performance at work or business growth
- Seek promotion or salary increase at the current job
- Develop and implement strategies for business sales growth
- Improve job performance through continuing education or training
- KRReduce unnecessary expenses by identifying and eliminating 20% of non-essential costs
- Create a strategy to eliminate identified non-essential costs
- Review and categorize all expenses to identify non-essential costs
- Implement the cost-reduction strategy and track progress
How to write your own Financial Strategist OKRs
1. Get tailored OKRs with an AI
You'll find some examples below, but it's likely that you have very specific needs that won't be covered.
You can use Tability's AI generator to create tailored OKRs based on your specific context. Tability can turn your objective description into a fully editable OKR template -- including tips to help you refine your goals.
- 1. Go to Tability's plan editor
- 2. Click on the "Generate goals using AI" button
- 3. Use natural language to describe your goals
Tability will then use your prompt to generate a fully editable OKR template.
Watch the video below to see it in action 👇
Option 2. Optimise existing OKRs with Tability Feedback tool
If you already have existing goals, and you want to improve them. You can use Tability's AI feedback to help you.
- 1. Go to Tability's plan editor
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on "Generate analysis"
Tability's Strategy Map makes it easy to see all your org's OKRsTability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
You can then decide to accept the suggestions or dismiss them if you don't agree.
Option 3. Use the free OKR generator
If you're just looking for some quick inspiration, you can also use our free OKR generator to get a template.
Unlike with Tability, you won't be able to iterate on the templates, but this is still a great way to get started.
Financial Strategist OKR best practices
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.
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.
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 track your Financial Strategist OKRs
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
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.
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 Strategist OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to establish a comprehensive Design System Foundation
- OKRs to implement cost savings/automation initiative
- OKRs to enhance CX through benchmarked industry best practices
- OKRs to improve the efficiency and accuracy in account maintenance
- OKRs to improve software system design and logging framework expertise
- OKRs to secure 10 new request for proposals