OKR template to streamline the accounting close process
Your OKR template
The second outcome focuses on decreasing the monthly closing cycle time by 30%. This will make the accounting process quicker and more efficient. Initiatives to achieve this outcome include streamlining data collection, adopting automated financial systems for faster transaction processing, and continually reviewing and improving workflow efficiency.
The third outcome is the elimination of half of the identified bottlenecks in the closing process. This will streamline the closing process and make it smoother. Implementing solutions to remove identified bottlenecks, identifying excessive processes contributing to bottlenecks, and reviewing current closing process parameters are the initiatives that will be undertaken to meet this goal.
Overall, the intention of this OKR is to streamline the accounting close process by making the chosen software accessible to staff, decreasing closing cycle time, and eliminating bottlenecks in the closing process.
ObjectiveStreamline the accounting close process
KRImplement automated accounting software with 100% staff adoption
Monitor staff adoption, offer ongoing support- Select user-friendly, comprehensive accounting software
- Train staff thoroughly on software usage
- KRDecrease the monthly closing cycle time by 30%
- Streamline data collection and management processes
- Implement automated financial systems for swift transaction processing
- Regularly review and improve workflow efficiency
- KREliminate 50% of identified bottlenecks in the closing process
- Implement solutions to remove identified bottlenecks
- Identify excessive processes contributing to bottlenecks
- Review and analyze current closing process parameters
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