OKR template to improve invoice processing and payment efficiency
The first objective is to increase on-time payments by 30%. To achieve this, it proposes offering incentives for early or on-time payments, issuing reminders through emails or texts when payments are due, and enhancing payment platforms for effortless transactions. Taken together, these initiatives promote better payment discipline while making it easier for clients to settle their invoices.
The second goal aims to decrease invoice processing inaccuracies by 20%. The undertaking focuses on regular reviews and audits of processed invoices, thorough staff training on correct invoice management, and the implementation of an automated invoice processing system. This should ensure correct, timely billings and minimize the risk of costly mistakes.
Lastly, the plan also aims to cut down the average invoice processing time by 15%. Ongoing review and enhancement of invoicing procedures, training personnel on swift invoice handling practices, and the employment of automated invoice processing software are seen as potential solutions. These actions will streamline the billing process, save valuable time, and allow for more invoices to be processed within a given timeframe.
ObjectiveImprove invoice processing and payment efficiency
KRIncrease on-time payments by 30%
Offer incentives for early or on-time payments- Implement reminders for due payments through email or texts
- Improve payment platforms for easier transactions
- KRReduce invoice processing errors by 20%
- Regularly review and audit processed invoices
- Train staff thoroughly on proper invoice processing
- Implement a reliable automated invoice processing system
- KRReduce average invoice processing time by 15%
- Regularly review and improve invoicing processes
- Train staff on efficient invoice handling procedures
- Implement automated invoice processing 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