Finance OKR Examples

4 min read
Finance OKR examples

Why choose OKRs for your finance team

OKRs (Objectives and Key Results) are a collaborative management methodology that helps finance teams set and achieve goals. By aligning day-to-day operations to company strategy, finance OKRs optimize process and drive real results.


Learn more about what OKRs are and how to use them


While finance operations are about managing the company’s cash flow, expenses, and revenue, OKRs are not a management methodology. OKRs help finance teams solve their biggest challenges — creating focus beyond everyday tasks and connecting to strategic priorities. 

How OKRs solve finance team challenges

Focus and alignment are the missing elements for finance teams stuck in the day-to-day cycle.  

OKRs lay the foundation for business-as-usual work by focusing teams with objectives, which are aligned to the company's strategic goals. Key results ensure continuity in this focus, leveraging the finance team’s high KPI and metric-aware goals to monitor progress and drive adaptation.

With focus and alignment at the forefront, OKRs help finance teams improve workflows. Add in automation for key results and tasks through an OKR software platform like Gtmhub, and finance teams have even more time to do what they do best: optimize. 

Setting OKRs for the finance team

Finance teams and sales teams have a similar predicament in setting OKRs — the company depends on them to reach all their goals. The business-as-usual tasks for finance, like payroll, budgeting, and collections, can’t be compromised. OKRs are meant to be ambitious, but not at the risk of endangering the company.

While task-focused OKRs, like setting a budget or creating reports, are common in finance, OKRs shouldn’t be treated like a glorified to-do list. By ensuring alignment between objectives and the strategic goals of the company, finance teams and individuals can use OKRs to do more than check off boxes.

Finance OKRs are commonly top-down, with leadership serving as the bridge between day-to-day operations and knowing the organization’s overarching objectives. OKRs require trust from both parties: leaders must trust team members to focus on “how” to progress key results, and individuals must trust leaders to motivate and guide them with the “why” through objectives. 

Finance OKR focus areas

Finance OKRs can focus on business-as-usual operations or stretch initiatives to enhance team performance. A few areas of focus for finance teams OKRs are:

  • Taxes and Accounting
  • Accounts payable/receivable
  • Budgeting
  • Financial strategy
  • Invoicing and crediting
  • Inventory management
  • Payroll
  • Asset management
  • Revenue and profit

Check out all our finance OKR examples below: 

Finance OKR examples


Taxes and accounting OKR examples


Objective: Successfully pass external audit

Key result 1: Reduce number of audit findings to <5

Key result 2: File 100% of customer and vendor contracts in appropriate Dropbox repositories

Key result 3: Reduce time of audit from 6 weeks to 4 weeks


Objective: Prepare accounting records for the move to the new ERP system

Key Result 1: Identify and fix core reporting issues for the new ERP tool

Key Result 2: Find or development 5 reporting equivalents in the new system  

Key Result 3: Analyze 10 expense types to identify cost saving opportunities 



Accounts payable/receivable OKR examples


Objective: Simplify and improve internal procedures

Key result 1: >85% of invoices have expense-type categorization

Key result 2: Reduce late primary document reporting from 40% to 15%

Key result 3: Half payment processing time from "application" to "paid" from 12h to 6h 



Budgeting OKR examples


Objective: Improve our annual budgeting process

Key result 1: Review & train on 5 Department heads on new process

Key result 2: Review every department's budget proposals before mid-Q3

Key result 3: Get sign off for the final budget from all leads



Financial strategy OKR examples


Objective: Improve our financial reporting process

Key result 1: 5 new financial department hires

Key result 2: Move 50% of books to the cloud-based version of QuickBooks

Key result 3: Close 100% of our financials within 2 weeks of the end of quarter


Objective: Make the quarterly analysis process more efficient

Key result 1: Define top 3 quarterly improvements for reporting

Key result 2: Host 3 workshops on reporting with >90% attendance

Key result 3: Build and implement 5 reporting templates 



Invoicing and crediting OKR examples


Objective: Balance the team workload to better serve customers

Key result 1: Increase processed transactions per team member by 20%  

Key result 2: Reduce average transaction pending time from 24 hours to 18 hours

Key result 3: Conduct 4 “best practices” coaching sessions 



Inventory management OKR examples


Objective: Improve warehouse inventory record management

Key result 1: Reduce average inventory check time from 14h to 6h

Key result 2: Automate 5 critical processes

Key result 3: Reduce bookkeeping discrepancies to 3%



Payroll OKR examples


Objective: Make payroll errors obsolete

Key result 1: Reduce failed payroll error resolutions to zero

Key result 2: Reduce payroll error rate to less than 0.25%

Key result 3: Reduce manual payroll input processes by 25% 



Asset management OKR examples


Objective: Improve expense management to increase profitability

Key result 1: Identify 5 highest expense areas

Key result 2: Sort out 200 payment areas with transparent expense tags

Key result 3: Cut monthly expenses by 25% 



Revenue and profit OKR examples


Objective: Shift remote work emphasis to reduce office expenses

Key result 1: Reduce office maintenance budget from $15000 to $7500

Key result 2: Cut employee travel expenses from $12000 to $3000

Key result 3: Secure a $7,500+ lease for renting out office space 

How Gtmhub simplifies OKRs for finance teams

At Gtmhub, we’re committed to helping you bridge the gap between strategy and execution. Inspired by the Objectives and Key Results (OKR) methodology, our platform is designed to help you align your teams, improve focus and foster transparency.

Quick-start your OKR journey with ready-to-go OKR templates from our Marketplace or connect with 160+ Integrations to update your OKRs and KPIs automatically to easily make data-driven decisions with our customizable Insights and Dashboards.

Ready to achieve your most ambitious goals? Start a free trial today or book a demo to see Gtmhub in action.

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