Many of these businesses include retail shops and restaurants that still strive for the flexibility to create, manage, and many at times, deal with the crucial necessities like payment management, management of inventory, management of the employees, keeping track of the time along with analyzing the data of the clients/customers. As a cloud-based system built for restaurants and retail, IVEPOS offers functionality like mobile POS systems,
inventory management, sales analytics, CRM, and customer loyalty on an easy-to-use interface. The organizations can use the IVEPOS point of sale system instead of a cash register, track sales and inventory in real-time, manage employees and stores, engage with customers, and increase revenue.
Under the coherent leadership of Anand Asaithambi, Founder & CEO, IVEPOS thrives with a vision of empowering entrepreneurs with a powerful all-in-one platform for POS, business management and automation.
Anand shares, “Our story is unique; when our founders started their restaurant in Bangalore, they put together their own Android-based POS device as they had no other option outside of older legacy systems or manual billing machines.”
The epitome of Being Distinct
Previously, the Indian POS industry comprised of legacy systems or manual billing machines. India POS playersbuilt windows and web-based software for legacy systems. These systems were expensive, difficult to use, prone to system crashes and had issues with data loss and security.
Some of the primary windows and Web-App-based POS companies include Go Frugal, POSIST etc. There was no all-in-one POS that could do more than billing and payments without a need to buy additional resources, including accounting, ERP, CRM, and management resources. Intuition was one of the earliest android-based mobile POS software companies that integrated basic POS functionalities with more comprehensive, easy-to-use ERP lite features for business management and automation at a very affordable cost.
Intuitive POS system that requires very less training time for employees. Some of IVEPOS’s exclusive features that we specialize in include android-based advanced ingredient manufacture, multi-store, and multi-device management, Counter wise KOT, merge, split tables and many more.
The Traditional POS industry in India is comprised of legacy systems consisting of four major modules to run a restaurant or retail store:
1) A point-of-sale billing computer
2) A payment module to accept cards or cash
4) A back-office business management software
Currently, these traditional windows based legacy POS systems are being replaced by mobile and powerful android based all-in-one mPOS systems integrating all the four major modules.
Although an emerging high-growth industry, there is a huge need for robust software that can power these new android mPOS devices at an affordable cost. The product, IVEPOS software, addresses this unmet need. IVEPOS is easy to use, powerful, all-in-one Android-based POS and “ERP Lite” platform with more than 100+ features, including billing, payments, and business management for restaurants and retail stores.
Anand says, “We have a disruptive, hi-tech, cloud-enabled POS and “ERP lite” platform with more than 100+ features that can be seamlessly integrated into a small 5.5″ mobile android POS or larger devices that can transform the POS hardware into a powerful all-in-one device and aggregator.”
This can digitally empower all merchants, including the micro-merchants, to build and run a successful business, perform complex ops, boost revenues, communicate with vendors and customers, avail banking functionalities anywhere anytime at an affordable cost vs expensive management, and ERP software (SAP) available in the market. Previously, this was not possible in India and was not available for smaller merchants until now.
mPOS business is proliferating in India, especially after Digital India Initiative. 65% of the mobile users use android users and growing. IVEPOS started as one of the early players in android MPOS, thus creating a huge market opportunity for its products compared to competitors as they started as windows-based users.
F&B Niche: IVEPOS was explicitly targeted for restaurant industry QSRs, Dine. The company has one of the most comprehensive solutions for the restaurant industry. This gives us an edge regarding market access in the F&B sector. “We also easily integrate our devices with all-in-one android devices.
We have experience in working with all major android-based POS hardware manufacturers, including SUNMI, Star, EPSON, ESSAE, WISEPOS, and A290. Most players are experienced in deploying the software in windows-based devices, selling as standalone software only, or making their own devices. We make sophisticated, easy-to-use, powerful, very comprehensive software that needs a low barrier learning curve vs complicated ones,” shares Anand.
Surmounting the Hardships of the Pandemic
The outbreak of COVID-19 and lockdown deeply impacted the retail and restaurant sectors, especially owners, employees, delivery staff, farmers, operators, and just about everyone in the retail and food business. Due to this pandemic, retailers need a robust POS solution to improve businesses as it helps them with transactions, measures inventory and accepts payments.
With accelerating digital technology these days, customers are handy to order and pick up orders through mobile. So, business owners should invest in the upcoming technology so that they can offer smooth delivery and transaction options.
Embracing the Future Roadmap
Anand shares, “Our immediate goal is to expand our licensing and distribution partnerships in India and Asia-Pacific, increase our play store downloads and start deploying our e-commerce tools. By building many licensing and distribution partners and a robust e-commerce pipeline, we can combat some of the threats involving building a huge retail force.”
“Our long-term goals are to sell about 2.5 million licenses in the next 4 years and emerge as a leading one-stop cloud-based restaurant and retail store management software and automation software,” he concludes.