This process is made simpler with OKRs. Finance departments are great candidates for the implementation of an OKR due to the requirement of extensive number crunching.
For the finance department setting team, goals can be tricky since it is not always clear how specific goals connect to the growth of the organization. They are often focused on managing cash flows or containing costs. For the financial goals to succeed it is necessary to be able to connect them to the broader trajectory of what the company is trying to do.
With the help of the OKRs, it becomes possible to join the dots between the bigger strategic goals of the company, the operational goals of the team, and the individual goals of employees.