15 customisable OKR examples for Financial Planning & Analysis Software

What are Financial Planning & Analysis Software 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.

Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.

We've tailored a list of OKRs examples for Financial Planning & Analysis Software to help you. You can look at any of the templates below to get some inspiration for your own goals.

If you want to learn more about the framework, you can read our OKR guide online.

Building your own Financial Planning & Analysis Software 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 Financial Planning & Analysis Software OKRs examples

You will find in the next section many different Financial Planning & Analysis Software Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).

Hope you'll find this helpful!

1OKRs to formulate a robust 7-year financial plan

  • ObjectiveFormulate a robust 7-year financial plan
  • Key ResultFinalize full 7-year financial plan after conducting 3 rounds of reviews by Week 12
  • TaskMake necessary revisions based on the review feedback
  • TaskFinalize and approve the 7-year financial plan by Week 12
  • TaskConduct 3 rounds of reviews for the 7-year financial plan
  • Key ResultIdentify and document all major revenue and expense sources by Week 6
  • TaskDocument all major revenue sources
  • TaskIdentify all major revenue sources by Week 6
  • TaskRecord all major expense sources by Week 6
  • Key ResultCreate projection models and validate accuracy for the first 2 years by Week 9
  • TaskValidate accuracy of models by Week 9
  • TaskDevelop projection models based on gathered data
  • TaskGather data relevant to creating projection models

2OKRs to implement new Financial Planning and Analysis Software

  • ObjectiveImplement new Financial Planning and Analysis Software
  • Key ResultSuccessfully negotiate procurement contract and secure software installation by week 8
  • TaskSchedule software installation for week 8
  • TaskNegotiate procurement contract by week 6
  • TaskIdentify and research potential software suppliers
  • Key ResultEvaluate and select software from 3 different vendor options by week 6
  • TaskResearch functionalities, cost, and usability of each software option
  • TaskDevelop criteria for software evaluation and selection
  • TaskCompare and choose the suitable software by week 6
  • Key ResultTrain 90% of financial team on the new software and ensure usability by week 12
  • TaskSchedule software training for the financial team
  • TaskMonitor training progress and completion rates
  • TaskConduct usability tests by week 12

3OKRs to establish a robust, efficient new financial structure

  • ObjectiveEstablish a robust, efficient new financial structure
  • Key ResultAchieve 20% cost reduction through optimization of financial processes
  • Key ResultIntegrate advanced digital platforms for efficient monetary transactions by end of quarter
  • TaskImplement chosen platforms into current systems
  • TaskIdentify advanced digital platforms suitable for monetary transactions
  • TaskDevelop integration strategy for chosen platforms
  • Key ResultTrain 90% of finance employees on the new financial structure for seamless integration
  • TaskMonitor training progress to ensure 90% completion rate
  • TaskSchedule and coordinate with finance employees for their training
  • TaskIdentify suitable training seminars or courses on the new financial structure

4OKRs to enhance organization skills for efficient billing management

  • ObjectiveEnhance organization skills for efficient billing management
  • Key ResultComplete an advanced course in financial software systems for improved proficiency
  • TaskResearch suitable advanced courses in financial software systems
  • TaskEnroll in the selected advanced financial software course
  • TaskRegularly study and complete coursework to enhance proficiency
  • Key ResultOrganize weekly review meetings to monitor progress and identify areas of improvement
  • TaskSchedule weekly meetings with team for progress evaluation
  • TaskDesign frameworks to monitor project advancements
  • TaskEstablish metrics to identify improvement areas
  • Key ResultImplement a digital billing system to reduce processing errors by 30%
  • TaskResearch and select appropriate digital billing system software
  • TaskClosely monitor error rates and make adjustments accordingly
  • TaskTrain accounting staff on new billing system

5OKRs to grow personal net worth to $1m through strategic investments and savings

  • ObjectiveGrow personal net worth to $1m through strategic investments and savings
  • Key ResultInvest 30% of saved income wisely in high-yield platforms
  • TaskAllocate 30% of saved income for investment
  • TaskStrategically invest funds in chosen platforms
  • TaskIdentify high-yield investment platforms with a good reputation
  • Key ResultLimit expenses to save 50% of each month's income
  • TaskEstablish a consistent habit of depositing savings first
  • TaskSplurge on necessities only to cut down on extra expenses
  • TaskConsider cost-effective versions of daily used items
  • Key ResultIncrease passive income by 30% through evaluation and portfolio diversification
  • TaskResearch diverse investment opportunities for higher returns
  • TaskAnalyze current portfolio to identify underperforming assets
  • TaskAllocate investments strategically to profitable assets

6OKRs to enhance project profitability and delivery efficiency

  • ObjectiveEnhance project profitability and delivery efficiency
  • Key ResultReduce project overruns by at least 30%
  • TaskEnhance project management training for staff
  • TaskEstablish a strong pre-project planning protocol
  • TaskImplement stringent project timeline tracking
  • Key ResultEnsure 90% of projects are delivered within budget allotment
  • TaskProvide regular budget training for project managers
  • TaskConduct regular financial reviews of ongoing projects
  • TaskImplement stringent budget monitoring and control measures
  • Key ResultBoost on-time project completion rate to 95%
  • TaskOffer incentives for meeting project deadlines timely
  • TaskImplement project management software for tracking deadlines
  • TaskConduct regular progress report meetings with team

7OKRs to implement regulatory changes efficiently and economically

  • ObjectiveImplement regulatory changes efficiently and economically
  • Key ResultForm a dedicated team to manage and expedite the changes by end of week 2
  • TaskIdentify individuals with the needed skills and availability
  • TaskAssign roles based on competencies and workload
  • TaskEstablish a clear timeline and objectives for the team
  • Key ResultDesign and release a detailed projected estimate of costs within week 4
  • TaskRelease the projected cost estimate by week 4
  • TaskDesign a detailed cost estimate
  • TaskCollect all necessary data for projection creation
  • Key ResultSuccessfully complete regulatory adjustment without surpassing the allocated budget and time
  • TaskAnalyze regulatory changes for potential financial impacts
  • TaskDevelop a comprehensive, budget-friendly adjustment plan
  • TaskMonitor adherence to plan and deadlines

8OKRs to enhance leadership skills to drive financial growth

  • ObjectiveEnhance leadership skills to drive financial growth
  • Key ResultImprove financial planning efficiency by 15 percent
  • TaskReduce unnecessary expenses by optimizing budgets
  • TaskImprove data accuracy to streamline financial forecasting
  • TaskImplement automated financial planning software
  • Key ResultInstitute weekly training to increase leadership skillset by 25%
  • TaskSchedule weekly training sessions for staff
  • TaskMeasure improvement in leadership skills post-training
  • TaskIdentify relevant leadership training programs or workshops
  • Key ResultDecrease operational costs by 10%, increasing margins
  • TaskConsolidate functions where possible for high productivity
  • TaskStreamline supply chain to reduce inefficiencies
  • TaskImplement energy-saving measures throughout the organization

9OKRs to identify the top FP&A software in the market

  • ObjectiveIdentify the top FP&A software in the market
  • Key ResultResearch and list down at least 20 various FP&A software options by week 3
  • TaskCompile and review a list of at least 20 options
  • TaskConduct online research for potential software options
  • TaskIdentify criteria for FP&A software options
  • Key ResultCompare all FP&A software elements for features, cost, and user reviews by week 6
  • TaskCompile a list of all FP&A software elements
  • TaskAnalyze user reviews for each software
  • TaskEvaluate each software for features and cost
  • Key ResultSelect and present the top 3 FP&A software based on the analysis by week 9
  • TaskAnalyze software based on selected criteria
  • TaskResearch various FP&A software options
  • TaskPrepare presentation for top three choices

10OKRs to to Increase productivity in financial statement preparation process

  • ObjectiveTo Increase productivity in financial statement preparation process
  • Key ResultStreamline communication process to decrease feedback acquisition from 10 days to 5 days
  • TaskImplement a unified communication platform for quicker feedback receipt
  • TaskEstablish regular short stand-up meetings for rapid updates
  • TaskSet clear expectations about response times with team members
  • Key ResultReduce time taken to compile financial data by 25%
  • TaskImplement automated data compilation software
  • TaskProvide staff training on efficient data management
  • TaskRegularly review and streamline finance processes
  • Key ResultImplement a new accounting software to minimize manual errors by 50%
  • TaskConduct staff training on new software use
  • TaskIdentify and purchase appropriate accounting software
  • TaskDefine requirement specifications for new accounting software

11OKRs to establish solid groundwork for expansion into new markets

  • ObjectiveEstablish solid groundwork for expansion into new markets
  • Key ResultDevelop tailored expansion strategy for each identified market
  • TaskReview and refine strategies based on potential return analysis
  • TaskApply insights to craft unique growth strategies per market
  • TaskConduct comprehensive research on identified markets' characteristics
  • Key ResultSecure financial resources necessary for the initial phase of expansion
  • TaskResearch potential funding sources and investors
  • TaskSubmit proposals or applications for funding
  • TaskIdentify necessary budget for expansion activities
  • Key ResultIdentify and analyze potential markets for viability by the quarter-end
  • TaskConduct thorough research on emerging markets and trends
  • TaskAnalyze the demands and profitability of potential markets
  • TaskPresent a detailed report on market viability analysis

12OKRs to optimize AWS Costs

  • ObjectiveOptimize AWS Costs
  • Key ResultDecrease monthly AWS spend by 15% compared to the previous quarter
  • TaskImplement automatic scaling and resource utilization monitoring for cost-effective resource provisioning
  • TaskImplement AWS Cost Explorer to analyze spending patterns and identify optimization opportunities
  • TaskOptimize EC2 instances and remove unused resources to reduce AWS usage costs
  • TaskUtilize Reserved Instances and Savings Plans to save on compute and database service costs
  • Key ResultIdentify and eliminate any unnecessary or unused AWS resources
  • TaskRemove or terminate any unnecessary or redundant AWS resources immediately
  • TaskEvaluate the purpose and necessity of each identified unused resource
  • TaskRegularly monitor and audit AWS resources to ensure ongoing resource optimization
  • TaskReview all AWS resources to identify any that are not actively being used
  • Key ResultImplement cost-saving measures, such as Reserved Instances and Spot Instances utilization
  • Key ResultConduct regular cost analysis to track and report savings achieved from optimization efforts
  • TaskCompile a comprehensive report showcasing the achieved savings and present it to stakeholders
  • TaskReview cost data and compare it to previous periods to identify potential savings
  • TaskAnalyze cost drivers and evaluate opportunities for optimization in different areas
  • TaskImplement a system to regularly track and monitor ongoing optimization efforts and cost savings

13OKRs to improve Financial Planning and Analysis Processes

  • ObjectiveImprove our FP&A processes
  • Key ResultReduce the time spent on manual data entry by 50%
  • Key ResultImprove accuracy of financial projections by 25%
  • Key ResultIncrease the use of data driven decision making by 20%

14OKRs to efficiently manage and optimize our team's budget performance

  • ObjectiveEfficiently manage and optimize our team's budget performance
  • Key ResultDeliver 100% accurate budget reports every fortnight for effective tracking
  • TaskOrganize all relevant financial data every two weeks
  • TaskDevelop accurate budget reports from collected data
  • TaskSubmit the completed reports for tracking promptly
  • Key ResultReduce unnecessary expenditures by 15% for improved budget efficiency
  • TaskNegotiate with vendors for reduced cost of services
  • TaskImplement monitoring system for discretionary spending
  • TaskIdentify and eliminate non-essential business expenses
  • Key ResultIncrease budget ROI by 10% through strategic allocation of resources
  • TaskAnalyze current spending to identify inefficiencies or wasted resources
  • TaskImplement a strategic plan prioritizing high ROI initiatives
  • TaskRegularly review and adjust resource allocation as needed

15OKRs to successfully launch a small business

  • ObjectiveSuccessfully launch a small business
  • Key ResultSecure initial funding of at least $X through personal savings, loans, or investors
  • TaskDetermine available personal savings for business investment
  • TaskResearch loan options and apply where feasible
  • TaskBegin networking to attract potential investors
  • Key ResultDevelop a comprehensive business plan by identifying key opportunities and potential risks
  • TaskIdentify key opportunities in your business sector
  • TaskAnalyze potential risks to your business
  • TaskDraft a comprehensive business plan
  • Key ResultSecure a location and necessary permits to operate, ensuring regulatory compliance
  • TaskEstablish procedures to assure continuous regulatory compliance
  • TaskIdentify potential operating locations suiting the business requirements
  • TaskInitiate application process for necessary operating permits

Financial Planning & Analysis Software 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

The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.

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.

Tability Insights DashboardTability's audit dashboard will highlight opportunities to improve OKRs

Tip #2: Commit to weekly OKR check-ins

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.

Being able to see trends for your key results will also keep yourself honest.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

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 Financial Planning & Analysis Software 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

Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.

A strategy map in TabilityTability's Strategy Map makes it easy to see all your org's OKRs

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 Financial Planning & Analysis Software OKR templates

We have more templates to help you draft your team goals and OKRs.

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.

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.

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