OKR template to ensure timely submission of Financial Statements (FS)
The OKR is aimed at ensuring the prompt creation and submission of Financial Statements (FS). The steps to achieve this objective include the implementation of a tracking system designed to closely monitor this process. Not only will this system be put into place, but it will also be researched, selected, and the key stages in the FS process will be defined.
Another step towards this objective is the striving for a 25% improvement in the efficiency of the FS preparation. This will make the process quicker and more streamlined. To achieve this improvement in efficiency, the responsible parties will conduct training for staff focused on FS preparation, the integration of automating tech into the process, and better organizational practices.
A further objective is to strictly adhere to pre-set dates for the completion of various sections of the FS, lending to a timely completion of the entire statement. To do this, specific completion dates will be established, adjustments will be made as needed to ensure deadlines are met, and frequent reviews of progress will be conducted.
In conclusion, all these objectives and initiatives aim for improvement in the FS preparation and the establishment of a reliable FS creation and submission process within the organization, which would lead to better financial planning and decision making.
Another step towards this objective is the striving for a 25% improvement in the efficiency of the FS preparation. This will make the process quicker and more streamlined. To achieve this improvement in efficiency, the responsible parties will conduct training for staff focused on FS preparation, the integration of automating tech into the process, and better organizational practices.
A further objective is to strictly adhere to pre-set dates for the completion of various sections of the FS, lending to a timely completion of the entire statement. To do this, specific completion dates will be established, adjustments will be made as needed to ensure deadlines are met, and frequent reviews of progress will be conducted.
In conclusion, all these objectives and initiatives aim for improvement in the FS preparation and the establishment of a reliable FS creation and submission process within the organization, which would lead to better financial planning and decision making.
Ensure timely submission of Financial Statements (FS)
Implement a tracking system to monitor FS creation and submission process
Implement the chosen tracking system- Identify key stages in the FS creation and submission process
- Research potential tracking system options
- Improve efficiency by 25% in terms of time taken for FS preparation
- Conduct FS preparation training for staff efficiency
- Incorporate technology to automate FS preparation processes
- Implement better organizational practices for FS preparation
- Set and adhere to pre-scheduled dates for completing sections of the FS
- Schedule specific completion dates for FS sections
- Make adjustments as necessary to meet deadlines
- Regularly review progress towards these dates