OKR template to reduce 90 days past due balances
Your OKR template
Another objective in this OKR involves implementing an automatic payment reminder system to reduce late payments by a target of 30%. This will be achieved by integrating selected software with the current payment system, researching the best software for automatic reminders, and continually monitoring and adjusting the settings of this reminder system.
Another important part of this OKR focuses on improving on-time payments via customer education. The goal is to have a 15% improvement in on-time payments, which will be strongly influenced by various customer education campaigns such as virtual workshops, informative materials, and email and social media campaigns.
Overall, this OKR looks to achieve significant improvement in reducing overdue balances, enhancing payment practices, and promoting on-time payments by focusing on system improvements and customer education.
ObjectiveReduce 90 days past due balances
KRDecrease overdue accounts by 20% through improved debt collection strategies
Implement strict follow-up procedures for late payments- Adopt advanced debt tracking software
- Enhance debt collection training for team
- KRImplement automatic payment reminders, reducing late payments by 30%
- Integrate selected software with current payment system
- Research the best automatic payment reminder software
- Monitor and adjust reminder settings as needed
- KRAchieve a 15% improvement in on-time payments through customer education campaigns
- Arrange virtual workshops to explain the payment procedures and deadlines
- Develop concise educational materials on the importance of on-time payments
- Implement email and social media campaigns about timely payment benefits
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