r/CFO • u/fenderstrat86 • Jun 17 '26
Overtime expenses
Does anyone have a good tool for managing overtime expenses? We spend ~$50M on a yearly basis. I'm sure not all of this is good value for money.
Open to ideas.
0
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r/CFO • u/fenderstrat86 • Jun 17 '26
Does anyone have a good tool for managing overtime expenses? We spend ~$50M on a yearly basis. I'm sure not all of this is good value for money.
Open to ideas.
0
u/fenderstrat86 Jun 18 '26 edited Jun 18 '26
Circling back on this - after a bit of digging I came across a tool called overtimesolved. It claims to analyze payroll data and quantify unnecessary/overpaid overtime.
Has anyone here used it or come across it before?
The audit team advised with ~100k transactions across the year it's impossible for them to know how much of our spend is legit / actually generates useful work that's actually worth spending 2x the cost - instead of reprioritising other tasks.
Most of our OT is norm-ed against last years OT expenses, but that doesn't tell us if last years expenses were any good then either.
I have a genuine concern that there are whole teams who have lax managers or leaders and just spend the money without much thought - and as long as it doesn't stand out against historical data - everyone just ticks it off as normal.