OKR template to enhance efficiency and accuracy of accounts payable process
Your OKR template
The second outcome of this OKR is the implementation of 100% electronic invoicing to curtail paperwork and cut down errors by half. The process for implementing this includes a thorough survey of present invoice processes for their electronic capabilities and selecting an apt invoicing system. Following that, staff training on managing the chosen e-invoicing system would be done.
The third and final outcome in this OKR aims to decrease the invoice processing time by 30%. As a means to achieving this, top-rated invoice automation software would be researched and decided upon, and staff will be trained on this new system. Consequently, the selected invoice automation software would be implemented throughout the firm.
This OKR targets a complete refurbishment of the accounts payable process, by integrating education, electronic invoicing, and innovative software to increase efficiency, reduce errors, and speed up the invoice processing cycle. The training, research, selection, implementation, and final generation are the heart of this objective.
ObjectiveEnhance efficiency and accuracy of accounts payable process
KRConduct two trainings for staff on latest accounts payable practices and technology
Plan and develop training program aimed at these new methods- Schedule and execute the two training sessions for staff
- Identify and study latest Accounts Payable practices and technology
- KRImplement 100% electronic invoicing to reduce paperwork and errors by 50%
- Survey current invoice process for electronic capabilities
- Research and select an electronic invoicing system
- Train staff on how to use e-invoicing system
- KRDecrease invoice processing time by 30% through automation or software updates
- Research top-rated invoice automation software
- Train staff on new invoice processing system
- Implement chosen automation software system
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