Peoplebox

OKRs for Finance

Get inspired and set great OKRs from this ready to use OKR library for Finance department

From assessing the expenses and revenue to gauging the cash flow of the organization as a whole the finance department is accountable for analyzing the financial health of the organization.

Finance department is often focused on gauging the cash flows and assessing costs. So, setting goals for this department is tricky because it is not always clear how particular goals connect to the growth of the organization.

OKRs helps to fill in the missing links between the bigger strategic goals of the organization, the operational team goals, and the individual goals of team members.

OKR Examples for Finance Department

Improve annual budgeting and business planning Process

  • Get budget Requirements from all department before deadline
  • Ensure final budget is closed by December 15th
  • Reduce the budgeting and planning process time from 30 days to 20 days

Work on Financial reporting efficiency

  • Reduce late reports submissions by 55%
  • Bring down bookkeeping errors by 30%
  • Bring down time-to-close of monthly books by 25%

Increase the growth capital to accelerate marketing strategies

  • Reach out to 25 VCs and get complete minimum of 15 initial meetings
  • Get a minimum of 8 second contact meetings
  • Secure 3 term sheets for $2.5 million funding

Meet tax compliance goal

  • Bring down audit adjustments rate by 3.5%
  • Bring down audit adjustments rate by 3.5%
  • Bring down the number of accounts payable by 6%

After going through the OKR examples for the finance team, we are sure you are now well-equipped to create the group and individual OKRs for your finance department.

Say No to Manual Goal Tracking

Get inspired and set great OKRs from this ready to use OKR library for marketing department

Industry Recognition​

How to build your own OKRs using these examples

Peoplebox Contact

Next-Gen OKR, Performance and Engagement Platform

Achieve faster results by aligning all Goals & Initiatives by integrating with every work tool your teams use.

icon-angle icon-bars icon-times