2 customisable OKR examples for Financial Resources

What are Financial Resources OKRs?

The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.

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 Resources 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 Resources 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 Resources OKRs examples

You will find in the next section many different Financial Resources 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!

1. OKRs to establish solid groundwork for expansion into new markets

Establish solid groundwork for expansion into new markets
Develop tailored expansion strategy for each identified market
Review and refine strategies based on potential return analysis
Apply insights to craft unique growth strategies per market
Conduct comprehensive research on identified markets' characteristics
Secure financial resources necessary for the initial phase of expansion
Research potential funding sources and investors
Submit proposals or applications for funding
Identify necessary budget for expansion activities
Identify and analyze potential markets for viability by the quarter-end
Conduct thorough research on emerging markets and trends
Analyze the demands and profitability of potential markets
Present a detailed report on market viability analysis

Implement this OKR

2. OKRs to instill a high-performance culture in Finance Operations

Instill a high-performance culture in Finance Operations
Elevate employee job satisfaction rate to 90% via targeted development programs
Initiate regular feedback sessions to identify employee issues and concerns
Implement rewards and recognition system to acknowledge outstanding performance
Develop tailored training programs focusing on employee skill enhancement
Reduce financial reporting errors by 15% to ensure accuracy
Provide staff with additional training on financial reporting
Adopt automated financial reporting software to minimize manual errors
Implement a double-checking system for all financial reports
Increase department's monthly revenue by 10% through process efficiencies
Identify and eliminate unnecessary processes in the workflow
Train staff on new, streamlined procedures
Implement more efficient, cost-saving technology

high-performance-culture process-efficiency financial-operations-manager human-resource-manager finance-operations human-resources

Implement this OKR

Financial Resources 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'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'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 Resources OKRs in a strategy map

Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs framework. 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.

Tability'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 Resources 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.

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.

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