{"id":4862,"date":"2017-04-20T17:22:02","date_gmt":"2017-04-20T17:22:02","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/swingvy-raises-1-1m-to-give-hr-staff-in-southeast-asia-a-break-from-paperwork.html"},"modified":"2017-04-20T17:22:02","modified_gmt":"2017-04-20T17:22:02","slug":"swingvy-raises-1-1m-to-give-hr-staff-in-southeast-asia-a-break-from-paperwork","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/swingvy-raises-1-1m-to-give-hr-staff-in-southeast-asia-a-break-from-paperwork.html","title":{"rendered":"Swingvy raises $1.1M to give HR staff in Southeast Asia a break from paperwork"},"content":{"rendered":"


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Human resources paperwork is never fun to take care of\u2014especially if it\u2019s literally on paper. Swingvy<\/a> co-founder Jin Choeh says that in Southeast Asia, many small businesses are still stuck with physical spreadsheets and piles of forms. Swingvy wants to help them with affordable cloud-based HR software. The South Korea and Malaysia-based startup just raised $1.1 million in seed funding to grow its customer base.<\/p>\n

The round\u2019s lead investors are Big Basin Capital and Walden International. Swingvy has a full set of features, including onboarding new employees, managing leave requests and processing payroll and expense reports.<\/p>\n

The company launched its software-as-a-service in October in Malaysia and Singapore and plans to enter Indonesia next. It claims over 1,000 companies have signed up so far.<\/p>\n

\"\"<\/a><\/p>\n

Before co-founding Swingvy, Choeh was a technical sales manager in Southeast Asia for AhnLab<\/a>, a South Korean security software company. During that time, he saw that many small businesses still rely on legacy software or physical spreadsheets to handle HR tasks.<\/p>\n

For example, if employees want to apply for days off, they often have to fill out paper forms which are then signed by their manager. This means that if a manager is on vacation, they might have to wait until he or she returns to have their leave granted. Payroll management can be contracted out to third-party agents, but then it can take up to\u00a0five business days before paychecks are issued.<\/p>\n

It\u2019s difficult for many businesses to afford on-premises software, so Swingvy\u2019s goal is to offer them a cheaper alternative that is accessible on mobile devices. Swingvy uses a freemium model\u2014its core HR software is free and employers pay a subscription fee for features like automated payroll, bank integration and benefits management.<\/p>\n

Choeh says that the SaaS market is increasing\u00a0at a much faster rate in Southeast Asia than it is in the United States.<\/p>\n

\u201cThe unit economics is smaller because we usually charge less than in the U.S., but we found that the growth rate is quite fast,\u201d he adds.<\/p>\n

<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/_mfydhTQflg\/<\/p>","protected":false},"excerpt":{"rendered":"

Human resources paperwork is never fun to take care of\u2014especially if it\u2019s literally on paper. Swingvy co-founder Jin Choeh says that in Southeast Asia, many small businesses are still stuck <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-4862","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t