newfloy

Newploy Co. Ltd. operates as a key player in the human resources and financial technology sector, providing a comprehensive, automated platform for payroll and HR management. Founded in 2014 by CEO Kim Jin-yong, the company initially made its mark by introducing a service for recording and managing commutes using near-field communication technology. Since then, Newploy has broadened its scope to address the full spectrum of HR tasks, establishing itself as a service company built on labor data. The firm's business model is centered on a subscription-based Software as a Service (SaaS) offering, with specific pricing tiers available for its different modules, including a free trial period to attract new users.

The platform is designed to serve a wide range of businesses, from small teams to large enterprises, and has been adopted by over 200,000 workplaces. Its core product automates complex HR processes, including time and attendance tracking, leave management, and intricate payroll calculations that account for various allowances, deductions, and tax regulations. Key features include automatic payroll calculation and processing, direct salary transfers, and the automated generation of payslips. The system also simplifies 4-day insurance reporting and provides real-time statistics on work records to ensure compliance with regulations like the 52-hour work week. For enhanced usability, Newploy offers separate mobile applications for employees and managers, enabling functions like mobile clocking-in, work schedule management, and real-time notifications. The platform also extends to financial and accounting modules, which can be integrated with bank accounts for real-time cash flow analysis and expense management. For larger clients, Newploy provides an enterprise solution with white-labeling options, allowing companies to customize the service with their own branding.

Keywords: HR automation, payroll software, time and attendance, leave management, HR platform, employee management, financial technology, SaaS, work-life solutions, labor data, commute tracking, automated payroll, employee benefits, HR compliance, expense management, cash flow analysis, workforce management, business process automation, HRIS, SME HR solutions, enterprise HR, employee self-service, manager portal