7 OKRs software to help improve business goal management

1. What is OKR software?

OKR (Objective and Key Results) software is an application or tool that helps establish, track and effectively evaluate goals and key results (key results) of individuals and businesses. OKR software will create a common platform so that all members of organizations and businesses can track and pursue goals together.  

The main functions of OKRs software are:

• Create and set key goals
• Identify key results and indicators to measure the level of achievement of key results
• Evaluate the effectiveness of set goals and make necessary adjustments.
• Track progress toward goals based on charts and reports
• Tool to support OKRs check-in sessions

2. Why should businesses use OKRs management software?

Many organizations and businesses are wondering whether to use OKR software or not just tracking OKRs on Google Sheets and Excel spreadsheets is fine. In fact, OKR software brings many outstanding benefits to the entire business, from employee levels to the board of directors.

With personnel in the company, software that helps them clearly understand personal goals and the importance of personal goals when linked to the overall goals of the organization. Each individual is responsible for their commitments, thereby creating a professional and effective working environment.

With management, the software is an intuitive dashboard that helps managers easily track the progress of each project, each individual, and the entire team. Based on real data, management can make fair assessments and allocate resources effectively.

With the board of directors, software that helps management establish and adjust business strategies flexibly. Management can objectively evaluate the effectiveness of strategic decisions.

For all organizations and businesses, Goals are closely aligned from the top to the bottom, creating uniformity throughout the organization. In addition, OKR software will encourage transparency, collaboration and innovation, creating a dynamic and creative work culture.

3. TOP OKRs software in Vietnam and abroad

1. Viindoo OKRs software

Viindoo OKR software is a specialized tool to help manage OKRs effectively. The software supports setting and sharing goals and key results (Objectives and Key Results - OKR) for all personnel.

Viindoo OKRs were built to help clearly convey the true OKR spirit. Specifically, Viindoo OKRs focus on focus, identifying and prioritizing the most important goals, ensuring all resources and efforts are directed towards the common destination. In addition, the software encourages open discussion, builds consensus and empowers individuals, creating a cohesive and creative working environment.

Advantage:

• Focus on important goals without imposing them.
• Leverage resources and empower employees.
• Help employees understand common and personal goals.

Disadvantages:

• Requires intense focus from the entire business.

Feature:

• Viindoo OKR allows setting goals from company to individual level, creating OKRs from top down and bottom up. The goals are closely linked and can be prioritized by setting different weights.
• The software spreads goals across the enterprise through an intuitive tree diagram interface, helping members clearly understand their roles and responsibilities.
• Viindoo OKR supports regular updating and evaluation of results, automatically updating scores for key results on a scale of 0.0 - 1.0.

2. VNOKRs software

VNOKRs software is designed with strict rules to support setting OKRs. Checklists of goals and Key Results are always available for everyone to easily follow and implement. 

Advantage:

• In-depth OKR management
• Intuitive interface, easy to use

Disadvantages:

• Limited functionality for companies that simultaneously apply OKRs and KPIs or other goal management methods
• Usage prices are not competitive and difficult to access for companies that need to optimize costs

Salient features:

• VNOKRs focuses on OKR management, does not support other management methods, limiting users to only being able to manage goals according to OKRs.
• Full range of OKR management features for businesses: Dashboard, check-in, support for CFRs (direct exchange space between members).
• Helps administrators evaluate employees through recognizing achievements and awarding bonus points.
• The Menu system prioritizes main features from top to bottom such as: Dashboard, Check-in, OKRs, CFRs, helping users easily navigate.

3. fOKRs software

fOKRs software is an effective digital management tool, supporting businesses in creating and managing goals according to the international standard OKRs model. With fOKRs, businesses can easily apply the OKRs method systematically, increase employee motivation and promote organizational development many times over.

Outstanding advantages of fOKRs

• fOKRs software helps form habits of focus and effort to achieve specific and measurable goals.  
• fOKRs were developed based on Andy Grove's OKR principles, helping businesses achieve big goals effectively.
• The software allows employees to provide feedback and recognition to each other, creating cohesion and team spirit.
• fOKRs promote interaction and exchange between employees, creating motivation and a positive work environment, helping to increase employee performance and satisfaction.

Disadvantages:

• The price is quite high

Feature:

• fOKRs provides tools for setting OKRs according to international standards, helping businesses easily create clear, specific and measurable goals.
• fOKRs allow key results (KRs) to be broken down into detailed action plans, helping employees clearly know the work that needs to be done to achieve goals.
• fOKRs software provides regular check-in features, helping to track progress and update the implementation status of OKRs.
• Redeem gifts easily with fGift - A special feature of fOKRs, allowing employees to use star points received from CFRs to redeem gifts.  

4. Lattice software

Lattice is one of the leading OKR software in the US. The software possesses an intelligent performance evaluation system and powerful reporting capabilities, providing the best working experience for both managers and employees. 

Advantage:

• Comprehensive OKR management and reporting
• Flexible integration with other platforms
• Management can publicly praise and reward excellent employees

Disadvantages:

• The English interface causes difficulties for businesses that do not have human resources proficient in foreign languages
• The price is quite high compared to OKR software in Vietnam

Salient features:

• Overview report: Lattice provides reports that help management evaluate and compare organizational performance in an objective and comprehensive way. Users can rate each employee's work performance on the same report page.
• Public praise: Integrates with Slack, the software allows managers to praise outstanding employees publicly with the entire organization.
• Live calls and feedback: Lattice allows managers to make one-on-one calls, set goals, write notes, and give feedback in online meetings.

5. Profit.co software

Profit.co is a versatile OKR software that helps businesses manage work and performance comprehensively, optimize growth and create an ideal working environment. Users can access Profit.co on desktop or download the application for iOS, Android and Windows operating systems.

Advantage:

• Synchronize and specify OKRs
• Support new employees to become familiar with OKR thinking
• Easily integrates with more than 40 popular work tools
• Stratified price schedule, suitable for all sizes of businesses

Disadvantages:

• The initial user interface is quite complicated with many categories on one screen
• New users may feel "overwhelmed" and overwhelmed by too many customization features

Salient features:

• Profit.co enables prioritization of work near deadlines, powerful performance management that enables quick reviews and feedback.
• Integrates with more than 40 leading technology applications such as Excel, Slack, G Suite, Microsoft Teams, and Office 365.
• Support to optimize the onboarding process, moving new employees from a product-focused mindset to the OKR mindset that the business applies.

6. Betterworks software

Betterworks software provides the features needed for an excellent OKR management platform, helping to focus resources on the highest priority tasks. At the same time, Betterworks provides administrators with a clear view of the work progress of individuals, teams and the entire organization.

Advantage:

• Promote engagement and interaction among members with the CFR feature.
• Support training new users to familiarize them with the software.

Disadvantages:

• Betterworks only supports English interface and no Vietnamese language.
• The cost of use per person is quite high and needs careful consideration.

Salient features:

• Betterworks uses the CFR principle to support multi-dimensional interaction and communication between members of the organization. Management can quickly detect and resolve employee problems, improve work performance, and create motivation toward common goals.
• Recognize achievements and commend individuals at all levels.
• Flexible connectivity with tools like Slack, Outlook, Jira, Gmail.
• Provide a thorough training policy for people new to OKR or using the software for the first time.

7. Base Goal software

Base Goal is the leading OKR goal management software in Vietnam, combining a powerful feature set and intuitive interface. Base Goal provides modern features similar to international products, helping to optimize costs for Vietnamese businesses.

Advantage:

• Strict goal setting system: Ensures the connection between goals, organizational structure and individual tasks.
• Multi-dimensional evaluation: Employees and managers both participate in the evaluation process, providing a comprehensive and objective view.
• Open API integration: Easy connection with more than 20 Base applications, creating synergy for the management ecosystem.

Disadvantages:

• Time to learn: It takes time to get used to for those new to OKR.
• Feature development: Some features need to be upgraded and expanded.
• Lack of free trial: There is currently no free trial version for users.

Feature:

• Manage goals by KPI or custom OKRs: Businesses can manage OKRs and customize KPIs for different stages.
• Set up a goal system: Base Goal helps users set and control goals effectively, ensuring the connection between goals, organizational structure and personal tasks.
• Multi-dimensional performance assessment: The assessment system includes both individual self-assessment and direct management assessment, helping to ensure transparency and objectivity.
• Flexible data integration: Base Goal's open API allows unlimited data connection with other software or applications, especially Base 20+ management applications.

4. Notes when choosing and using OKRs software

4.1 Criteria for selecting OKR software

1. The software needs to have the following core features:

• Allows users to easily create, edit and visually hierarchy goals and key results (KRs).
• Provides visual charts and reports to track progress toward goals in real time.
• Ability to evaluate the performance of individuals, teams and the entire organization based on established metrics.
• Can be integrated with existing business systems such as HR, CRM, and projects to create a unified management system.

2. Easy to use, user-friendly interface

Friendly interface, easy to use. Operations using software features must be logical, following an appropriate flow. Does not require users to have high tech skills to use. 

3. Reasonable cost

Software costs must be consistent with the size and financial capacity of the business. In addition, businesses also need to consider which payment model is most suitable for the business. Pricing models that businesses can consider include purchasing software packages, paying monthly fees, or paying based on the number of users.

4. Prioritize the suitability and practical experience of personnel in the company

Each business will have different usage needs. To choose the most suitable software, try the software and give a review. In that process, the practical experience of the company's personnel is the most important thing.

4.2 Should I choose Vietnamese or foreign OKRs software?

In Vietnam and abroad, there are very good and highly appreciated OKR software. This makes many users wonder whether to choose software from Vietnamese or foreign suppliers.

With Vietnamese OKR software, there will be advantages and disadvantages such as:

Advantage

• Vietnamese software developers often have a deep understanding of the working culture and characteristics of Vietnamese businesses. This helps the software be designed to suit actual needs and be easily deployed.
• Compared to foreign software, Vietnamese software often has more competitive prices.
• If businesses use it in Vietnam, support during use will be easy, fast, and dedicated.

Disadvantages:

• Compared to foreign software, Vietnamese OKR software often has fewer features, especially advanced features such as AI integration and deep data analysis.
• Some Vietnamese software may have difficulty meeting the needs of large and complex businesses.

With foreign OKR software, there will be advantages and disadvantages such as:

Advantage

• Foreign software often has more modern and diverse features, meeting the needs of large and complex businesses.
• There is a large global user community, making it easy to find information, support documents and share experiences.

Disadvantages:  

• Most foreign OKR software has a higher price than Vietnamese software, especially for small and medium enterprises.
• Foreign software has a complex interface, requiring users to spend time getting used to it. In particular, foreign software often does not support Vietnamese language.

The choice depends on many different factors. Businesses should consider the pros and cons of each software and compare them with their needs and actual situation to make a decision.  

Above are 7 OKRs software that  Viindoo would like to introduce to you. Hope you find the perfect one for your business.