5 top OKR management softwares 2024

One of the most effective ways to grow your business is to ensure teams and employees' efforts are fully aligned with the company’s organizational goals. 

While setting these goals is important, tracking them and ensuring they are achieved is what actually creates a positive impact in an organization. 

Spreadsheets and Google Docs may suffice for creating and tracking these objectives and key results (OKRs) in a small team; however, bigger teams need more comprehensive OKR management software.

But how do you choose one tool when you have so many options? 

In this post, we will highlight 5 of the best OKR management software in 2024 so you can assess each one and make a well-informed decision. 

TL;DR

• OKR management tools align teams’ organizational goals, ensuring streamlined tracking, especially as businesses grow beyond basic documentation tools.
• The top features of a solid OKR tracking tool include visualization dashboards, scalability, collaboration capabilities and integration with key company tools (such as project management, communication, data and analytics tools etc.).
• Some of the top OKR management software are Luna, Lattice, Betterworks, PerformYard, and Quantive Results. Each tool has unique strengths in various areas, such as product launches, performance management, feedback, reviews, and comparative analytics.
• Luna is an ideal OKR tool for launches. It stands out in OKR tracking by directly linking execution to strategic outcomes, allowing Product leaders to see at a glance if goals are on track. With real-time insights, it enables quick course corrections and ensures teams focus on initiatives that maximize OKR attainment.
•  Try Luna for free today.

Features of a great OKR management software

You want to choose an OKR software that your entire team can use correctly and consistently, so you should focus on the right qualities. 

Link to execution

A good OKR management platform should monitor teams' progress toward their OKRs by tying their progress to the status of underlying initiatives. This enables proactive reprioritization or portfolio rebalancing, allowing for real-time assessment of OKR progress based on current execution. By moving beyond static or retrospective monitoring, teams can ensure their work consistently drives OKR attainment.

Visualization

Sometimes, team leaders struggle to match their goals with the company’s vision. Having an OKR management software with a dashboard feature for robust visualization helps ensure every team’s goals are always aligned with the company’s overall vision. It also helps with OKR performance management and keeps everyone informed on how their goals tie into the bigger picture. 

Reporting and analytics

Choose software with a comprehensive reporting and analytics feature. This is a crucial part of the OKR management process, as it provides valuable insights into your team’s progress, identifying areas for improvement. It also helps you make data-driven decisions like which initiatives to prioritize and which goals need more support and resources.

Scalability

When you move away from basic documentation tools like Google Docs or Sheets, you want an OKR tracking tool that can grow with your business. Having fully scalable OKR software ensures you’re not switching to different tools every other year. You need a tool that can handle 50, 100 or even 1000 people easily. 

Collaboration

Successful goal completion requires a team effort. You will need a tool that streamlines updates and communications, lets you work cross-functionally, and allows for stakeholder involvement. 

Integration capabilities

A good OKR management software should allow for easy integration with your existing tech stack. This means you should be able to use the tool with your communication, CRM, or project management tools so all the information is in one centralized hub for easy visualization. 

5 Best OKR Management Software 2024

Luna: Best for product launches

G2 Rating: 4.9/5

Luna is a product launch management tool that centralizes roadmap tracking, change management, and launch coordination while strategically keeping stakeholders aligned for successful product launches. The tool has a comprehensive OKR management feature that keeps teams informed on how their initiatives impact OKRs. Luna also helps monitor OKRs based on the status of the underlying initiatives. It links implementation, GTM progress, and risk signals to outcome metrics. This way, product leaders can quickly assess OKRs and ensure they are on the right track.  

Key features

• Alignment with execution: assess and track the contribution of each initiative to an overarching KR.
• OKR progress tracking and change management: Monitor teams’ progress towards achieving their OKRs, assess changes, and determine how they affect strategic goals. 
• Risk management: link risk signals to outcome metrics 
• Personalized dashboard: all the insights you need to know, at a glance, around OKRs progress, and around the underlying initiatives (their status, key changes, blockers ..) 
• Workload distribution: Havea clear view of who is working on what ensuring teams focus on the right initiatives.
• Identify bottlenecks: Get insight into all milestones and see which ones are causing delays. 
• Easy integrations: Integrate all your communications, documentation, tracking and project management tools, from Jira to Slack, for a more seamless OKR management process.

Pros

• Ease of use
• Easy to set up Best Jira 2-way sync integration
• Tailored visibility for different audiences
• Effective customer support
• Extensive integrations
• Very affordable

Try Luna for free today! Try Now!

Lattice: best for performance management for large teams

G2 Rating: 4.7/5

Lattice is an HRIS platform with a solid OKR management feature that is focused on employee performance management and employee engagement. With Lattice, employees can see how close they are to achieving their OKRs and how well their goals tie into the company’s overall goals and vision. This is a great way to keep employees engaged while they work to achieve their goals. 

Key features

• Alignment tools to ensure all teams and leadership are on the same page with their goals
• Set up 1:1s with team members
• OKR progress tracking
• Performance reviews
• Engagement surveys
• Easy integration with communication and project management tools
• OKR customization with easy-to-use templates

Limitations

• Integration with third-party apps is limited compared to other tools
• Limited mobile app functionality

Betterworks: best for communication and timely feedback

G2 Rating: 4.2/5

As a performance management software, Betterworks excels at tracking goals and ongoing performance coaching. The tool also stands out for its scalability in OKR tracking. It can manage OKRs across large enterprises while maintaining seamless communication, progress assessments, and goal alignment across teams and leadership. 

Key features

• Progress tracking via milestones
• Manager and peer feedback for employee performance management
• Employee performance insights
• 1:1 Meetings
• Integration with communication, project management and other commonly used tools

Limitations

• Real-time feedback is only available in enterprise-tier
• Steep learning curve

PerformYard: best for performance reviews

G2 Rating: 4.7/5

PerformYard helps organizations achieve strategic alignment with OKRs by offering features for setting, tracking, and monitoring goals. The tool allows managers to customize performance reviews and provides real-time feedback. It integrates with HR tools seamlessly, allowing teams to truly build a performance-focused culture. The tool allows managers to break down high-level organizational goals into specific and achievable ones so each team can easily adapt when circumstances change. 

Key features

• Enable real-time feedback for continuous communication and dynamic goal adjustment.
• Simplify goal-setting with adaptable, customizable OKR templates.
• Customize performance reviews to fit your organization’s criteria better.
• Seamlessly integrate with existing HR systems for better data consistency and to reduce overall admin workload.
• Strengthen strategic alignment by cascading goals seamlessly across teams and departments.

Limitations

• Limited integrations in comparison to other OKR management software

Quantive Results: best for comparing results

G2 Rating: 4.6/5

Quantive Results is a great OKR management tool, especially for small businesses. This tool connects with third-party apps and imports data to update and maintain the OKRs, requiring no manual labor from your end. Quantive Results is great at comparing processes and progress and spotting room for improvement. 

Key features

• Highlight and reward great performance with badges, comments, etc., to improve engagement.
• Track team’s OKR activity
• Collaborate with the team on goals via Slack and Teams integration

Limitations

• It has a steep learning curve, and it takes time for teams to use the software completely. 

Advantages of using OKR tools

Goal alignment

OKR management software keeps everyone in the company on the same page regarding goals. This way, every team’s goal is connected to the goals of other teams and fully aligned with the organization's overall vision. 

Better engagement

Teams who use OKR performance management tools are often more engaged as they see first-hand how valuable their work is in regard to the company’s overall goals and are more eager to collaborate with colleagues to achieve success. 

All-round transparency

OKR tracking tools give employees a clear view of each other’s goals and objectives. This way, employees can see how far everyone has gone with their goals which motivates them to work harder on theirs and be accountable for their results. 

Smart decisions

An OKR performance management software enables you to make smart, data-driven decisions instead of assumptions. This way, you can make strategic decisions and changes without the guesswork or trial and error. 

Increased adaptability

OKR management software makes it easy for teams to adjust their goals as they get more information and strategize before costly mistakes are made. This feature makes companies very agile and able to adjust to changing business trends.  

Why Luna is the perfect OKR management software for product launches

Luna takes OKR management and tracking to another level when it comes to product launches. This flexible OKR tracking tool makes it super easy for teams to be aware of how their set goals affect planned launches.  Luna excels at tightening execution with strategic outcomes. By connecting each initiative, GTM progress, and risk signal directly to key outcome metrics, Luna allows Product leaders to instantly assess if OKRs are on target. What sets Luna apart is its proactive approach: it doesn’t just track performance but also highlights areas needing attention, so you can quickly course-correct and reprioritize. This means teams can focus their efforts on the initiatives that drive the greatest impact, maximizing OKR achievement and ensuring every action is strategically aligned.

Ready to transform OKR management for your team? Try Luna today for free.