FinTech

Intuition Systems is a software company based in Bangalore, India. Intuition Systems is India's leading all-in-one POS and Business Management Company. The intuitive AI and cloud-enabled POS products provide and facilitate payments, billing solutions, ERP, CRM and business management solution, and avails 80+ features to restaurants and retail.​ Intuition Systems' mission is to empower entrepreneurs with a powerful and easy to use software tool.    

In 2012, Intuition Systems co-founderAnand Asaithambi tried to set up a POS system for his restaurant DosaiAsai Foods in Bangalore. Hewas only able to find very expensive, outdated, and difficult to use humongous legacy systems. This prompted him and Dr. Arun Asaithambito put together their own mobile POS system. After exiting their restaurant business, Intuition Systems was formed to further develop, build and commercialize the Android-based mPOS billing, payments and business management system called IVEPOS (Intuition Version of Point of Sales). IVEPOS is India's first Android POS platform. The company grew from a small ops selling software that started as a door-to-door service provider for local restaurants to now leveraging its software to large payment processors and smaller retailers in 15+ locations in India and abroad. Intuition Systems hopes to continue its momentum and growth. 

Meet the FinTech Specialist

Anand is also the CEO of Intuition Systems. He is a mechanical engineer and serial entrepreneur with specialization in FinTech, food-tech and engineering. Anand has also co-founded anotherinnovative companyapart fromIntuition Systems. Besides, heis skilled in software architecture, robotics, design, UI/UX, product management and marketing. 

Anand led Intuition Systems from a startup to a leading POS, billing and business management platform company. He holds B.E in Mechanical Engineering from Anna University. He is currently heading towards achieving the mission. 

Making a Signature Move through IVEPOS

A convergence between FinTech and the tech industry has brought data-driven financial technologies, digital payments, automation, AI, IoT, virtual reality and augmented reality technologies to the forefront in retail 4.0. The new all-in-one POS is an evolving product of this convergence.  

Intuition Systems' IVEPOS restaurant POS and retail POS has Omni-channel management of billing, business management, e-commerce, dedicated APIs, app stores, aggregator of third-party apps, CRM and analytics in one single POS system. IVEPOS restaurant POS and retail POS accepts different payment modes including cards, QR, UPI, etc. with nearly a hundred major features including taxes, payments, wallets, loans, e-commerce etc. IVEPOS is now available in 78 currencies. 

In this backdrop, Intuition Systems' IVEPOS has emerged as the leading android POS software pioneer in India to deliver a robust all-in-one POS device, both as a standalone company and in partnership with multiple payment companies and bank merchant services that can perform simple billing to speciality ERP for restaurants and retail. The re-imagining and reinventing of the new all-in-one POS by the convergence of modern FinTech and the tech industry will truly revolutionize retail 4.0. 

Unveiling Disruptive Technologies

The new disruptive technologies like blockchain, AI, and cloud computing has improved processes in many industries. AI and cloud computing are one of Intuition Systems' areas of interest. Advances in AI have positively impacted on how products and services are built and delivered. For example, AI and cloud computingdriven drug discovery has changed the way precision drugs are developed, specifically for manypatients. AI and cloud computing has also helped the retail industry. For instance, the POS industry has large customer data sets that are distilled by machine learning algorithms and cloud computing to provide actionable insights into customer behaviour, sales predictions, and more. 

The Masterpiece: Disruptive Hi-Tech Cloud-Enabled POS and 'ERP lite' Platform

Intuition Systems has a disruptive hi-tech cloud-enabled POS and 'ERP lite' platform with more than 80+ features that can be seamlessly integrated into a small 5.5" mobile POS device which can transform the POS hardware into a powerful all in one device and aggregator.  

This can digitally empower all merchants including micro-merchants to build and run a successful business, perform complex ops, boost revenues, communicate with vendors and customers, and avail banking functionalities anywhere and anytime at an affordable cost versusexpensive management with ERP software (SAP) available in the market.

Previously, this was not possible in India and especially not available for smaller merchants until recently. Intuition Systems' end customers are brick and mortar restaurants including QSR, Fine Dine and Retail Customers (SMBs and Large Enterprises). The company sells its IVEPOS solution in partnerships to big banks and payment companies like Fiserv, ICICI Merchant Services, Mswipe and Pine Labs, who in turn sell the all-in-one POS to end customers. Intuition Systems' target is to sell about 2.5 Million licenses in the next fouryears to its retail partners. 

Striving to Expand Domestically and Globally 

As a small company,expanding in an unorganized retail and food sector in India is a big challenge. It will be beneficial to leverage corporate partnerships to organize and expand domestically and globally. That is one of the major hurdlesIntuition Systems faced during its initial stage. Educating about a product with more than 100+ features and unlocking the value of the company's products economically wasanother hugefeat to scale. But as part of digital India initiative, Intuition Systems hopes that these setbackscan be overcome in due course oftime. 

Remarkable Awards and Valuable Feedbacks

Intuition Systems has received many recognitions over years as follows,

  • 'Top Entrepreneurs That Inspire Us' in 2020 
  • '10 Best Tech Entrepreneurs in IT' in 2019 
  • 'The 10 Most Promising POS Solution Providers' in 2019
  • 'The 10 Most Recommended Retail Solution Providers' in 2019
  • 'Top 25 leading retail & solution companies in India' in 2018 
  • 'The 30 most preferred tech workplaces' in 2017
  • 'Top 20 most promising POS' in 2016  

Some of the valuable feedback the company received from its clients:

Neighbour's Café: "The Intuition Systems team responds very well, and the software is easy to understand. Its handling is smooth, and icons are well designed and user-friendly."

Tibetan Kitchen: "The software is simple and has a user-friendly interface. Fantastic..."

Drafting the Future Growth Story of Building Automotive All-In-One System

Thefutureahead is very promising for the company and the industry. With Digital India initiatives, so many small and large retailers havenow presence in a digital platform. The advanced payment methods, including UPI, have changed the digital payment landscape in the country. Artificial intelligence, blockchain and automation will further modernize India. Intuition Systems' goal is to create an ecosystem to manage and store automation using a small but powerful all-in-one system. The company envisions creating a digital shop that can perform billing, business management, business automation, payments, credit facilities, social media, CRM and everything from one device, and quarterback a shop owner's experience.