OKR template to improve accuracy and timeliness in invoice processing

public-lib · Published 6 months ago

Your OKR template

The main OKR focus is on improving the completion and processing of invoices accurately and in a timely fashion. This will involve clear strategy improvements to achieve this goal.

The first focus is to improve on-time payments by 30%. To accomplish this, automated reminders for payment dates, discounts or incentives for punctual payments, and simpler, more convenient payment procedures will be introduced.

The second focus is to decrease invoice processing errors by 25%. To achieve this, there are plans to implement automated billing software, conduct routine audits of invoices to identify problems, and provide staff training on appropriate invoice processing methods.

Finally, the OKR aims to decrease the amount of time it takes to process invoices by 20%. Training the staff in efficient invoice management techniques, implementing an automated invoicing system to expedite the process, and streamlining the invoice approval workflow to reduce delays are all ways this goal will be accomplished.

ObjectiveImprove accuracy and timeliness in invoice processing
KRIncrease on-time payments by 30%
Implement automated reminders for upcoming payment due dates
Offer incentives or discounts for early or on-time payments
Enhance payment procedures for user simplicity and convenience
KRReduce invoice processing errors by 25%
Implement invoice automation software to reduce manual entry
Regularly audit invoices to identify errors
Train staff on accurate invoice processing methods
KRDecrease invoice processing time by 20%
Train staff in efficient invoice management techniques
Implement automated invoicing software to speed up processing
Streamline invoice approval workflow to minimize delays

Use in Tability

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