3 customisable OKR examples for E Invoicing
What are E Invoicing OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
How you write your OKRs can make a huge difference on the impact that your team will have at the end of the quarter. But, it's not always easy to write a quarterly plan that focuses on outcomes instead of projects.
We have curated a selection of OKR examples specifically for E Invoicing to assist you. Feel free to explore the templates below for inspiration in setting your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
Building your own E Invoicing OKRs with AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.
Our customisable E Invoicing OKRs examples
We've added many examples of E Invoicing Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.
Hope you'll find this helpful!
1. OKRs to streamline invoicing and purchasing processes
- Streamline invoicing and purchasing processes
- Increase the on-time payment rate for invoices by 25%
- Implement automated reminders for upcoming invoice due dates
- Offer incentives for prompt payments
- Simplify the payment process for customers
- Achieve a 30% reduction in purchasing-related errors
- Introduce stricter controls for purchase order approvals
- Incorporate automated systems in the purchasing process
- Implement regular training sessions on purchasing procedures
- Decrease invoice processing time by 20%
- Implement automated invoicing software
- Train staff on efficient invoice procedures
- Streamline invoice approval process
2. OKRs to implement the 1 million e-invoicing project successfully
- Implement the 1 million e-invoicing project successfully
- Achieve a user satisfaction score of 80% or above through surveys
- Develop a customer satisfaction survey focused on service quality
- Implement survey distribution with purchased services or product
- Analyze survey results and identify areas for improvement
- Increase adoption rate of e-invoicing service to 75%
- Develop targeted marketing campaigns for e-invoicing services
- Enhance user interface for ease of use
- Offer incentives for e-invoicing adoption
- Acquire and onboard 250,000 new users for the e-invoicing service
- Establish referral programs to incentivize existing users
- Develop a compelling digital marketing strategy for target audience
- Implement user-friendly onboarding process to retain newcomers
3. OKRs to ensure 100% accuracy in invoice rates
- Ensure 100% accuracy in invoice rates
- Reduce invoice accuracy complaints to zero in the given quarter
- Implement thorough quality control checks on all invoices
- Address any existing complaints and rectify errors promptly
- Provide ongoing accuracy training for invoicing team
- Identify and correct errors in 10% of invoices daily
- Correct identified errors in the invoices
- Review 10% of daily invoices for possible errors
- Re-check corrected invoices for accuracy
- Achieve a consistent 95% weekly rate correction success
- Incorporate regular training for data accuracy
- Implement daily monitoring of rate correction feedback
- Foster consistent cross-checking of data entries
E Invoicing OKR best practices to boost success
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
Having too many OKRs is the #1 mistake that teams make when adopting the framework. The problem with tracking too many competing goals is that it will be hard for your team to know what really matters.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to weekly OKR check-ins
Setting good goals can be challenging, but without regular check-ins, your team will struggle to make progress. We recommend that you track your OKRs weekly to get the full benefits from the framework.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
How to turn your E Invoicing OKRs in a strategy map
The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
More E Invoicing OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to enhance policy analysis acumen for agriculture and nature concerns OKRs to implement comprehensively effective PPE procedures OKRs to successfully mentor a novice product manager OKRs to ensure adequate development of a proficient Project Executive in AI tech OKRs to improve proficiency in spoken and written English OKRs to rapidly shorten time to revenue and time to market cycle
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
What's next? Try Tability's goal-setting AI
You can create an iterate on your OKRs using Tability's unique goal-setting AI.
Watch the demo below, then hop on the platform for a free trial.