“Is SaaS the next big thing?” asked Eric Knorr in a piece for InfoWorld. The year was 2006. It was the year Amazon launched AWS, and Shakira’s Hips Don’t Lie topped the charts. The aftermath of the burst dot com bubble left a sour taste in investors’ mouths. Still, a new generation of enterprises was offering something that had already been revolutionizing tech: Software on demand, centrally hosted in the cloud and subscription-based.

Operating as a business without consumer insights is like working in a library without knowing how to read. Just because you come across a lot of information doesn’t mean you necessarily understand it or know how to use it effectively. While any company can uncover customer insights, not every business is taking the opportunity to do so—potentially stifling their growth and their revenue in the long run.

As we’ve previously written, old-fashioned employee time tracking methods such as paper timecards or Excel come with several downsides. First, the payroll process is time consuming and error prone, as you have to manually tally hours and overtime. Second, you don’t know if your employees are in fact on the job when they’re punching in, rather than a coworker (and those extra minutes or hours that employees report working can lead to a significant waste of money).

Buddy Punch is an employee time tracking software where employees can punch in and out, and then all of the information needed for payroll (i.e. regular hours worked, paid time off, overtime, etc.) is automatically calculated and available in a payroll report. It’s easily accessible and takes just a few clicks to download (CSV, Excel).

In the eight years we’ve run Buddy Punch, we’ve had countless conversations with businesses about the challenges they faced when tracking time for their employees using traditional methods (i.e. paper time cards and timesheets, Excel spreadsheets, etc.). From those conversations, we’ve gathered that most businesses run into the same three problems: Turning to an employee time tracking and scheduling software can help you solve these specific challenges.