In project-based businesses, time is money — literally. Yet, many companies still struggle to track where their teams spend time and how that translates to billable hours. Without accurate time tracking software, you risk undercharging clients, overworking your teams, and silently draining revenue through inefficiencies.
In fact, a recent survey shows that 40% of service firms lose billable hours due to poor time tracking. That’s not just an administrative gap — that’s a profit leak.
This guide will show you how to use time tracking software to improve billing accuracy, boost client confidence, and increase team productivity. Whether you’re a project manager, small business owner, or operations lead, these practical steps — powered by Orangescrum’s project collaboration tool — will help you take control of your time and your revenue.
Why Accurate Time Tracking Software Matters for Businesses
Time tracking isn’t just about logging hours — it’s about accountability, transparency, and profitability. Especially for service-based businesses and client-facing teams, using reliable time tracking software ensures that every billable hour is accounted for and properly invoiced.
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