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Old school time tracking has several issues such as lack of accountability, inefficiencies with payroll, and complex work schedules. This video discusses the best time tracking apps to solve these problems. One recommended app is Buddy Punch, which goes beyond just clocking in and out. It offers features like geofencing, GPS tracking, IP address locking, and facial recognition to boost accountability. It also streamlines payroll with integration, reporting, project tracking, and time off tracking. Additionally, it simplifies scheduling with drag and drop features and recurring schedules.