We performed a comparison between ABBYY Vantage and IQ Bot based on real PeerSpot user reviews.
Find out in this report how the two Intelligent Document Processing (IDP) solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI."Abbyy is really good in terms of reading OCR."
"The handwriting recognition is very good, as it can recognize handwriting done with pen and paper with at least 70% accuracy."
"Compared to other tools, ABBYY Vantage is better because it's very user-friendly."
"The most valuable feature of ABBYY Vantage is flexibility. You are able to edit at a granular level providing good control over the process. Additionally, the brochures and guides were helpful in learning the solution."
"While using ABBYY FlexiCapture we did not use the generic models that they do have for invoice and purchase orders. For one of the use-cases, the document was exactly the purchase order, but we are not using that generic model. We are creating the model from Scratch. However, if I was to compare ABBYY FlexiCapture with other IA tools, the machine learning and how the extraction is done is far better than competitors. This allows a lot less effort for the development."
"ABBYY Vantage has reduced our data because it can classify and extract information from documents."
"The initial setup is not difficult. The vendor provides technical documents to assist with deployment."
"The most valuable feature is the ability to capture data from documents with different formats."
"IQ Bot is a useful and easy-to-use tool."
"We have been using it only for two months, and so far, it is working fine. It is easy to use."
"What I found most valuable in IQ Bot is its stability because it's now getting very much stable. Automation Anywhere is continuously enhancing this product. Initially, while my team was doing the PDF automation training in IQ Bot, sometimes, the solution doesn't extract the data, but now, you can easily group the software in different folders and you can integrate with TaskBot easily. Another valuable feature of IQ Bot is data extraction. The solution makes it easy to fetch data and extract data from PDFs. Without IQ Bot, it's very tough to do PDF data extraction. Now, I can extract data from more than five hundred templates easily through the solution. I also like that IQ Bot has great functionality."
"IQ Bot's most valuable feature is data migration, including Word format and legacy document templates."
"The flexibility to deploy based on the different types is the most valuable. We can deploy pieces of the program directly over the fields. We can also directly connect with databases. We can modify it and make different connections with the database. We are also able to programmably modify the fields and change the presentation and values or evaluate a list of values. We can change the values on the fly. It is very flexible and very easy to use and learn. It is also very simple."
"I would say that the best feature is that it has native automation for the US."
"I personally feel that the c-extraction feature is valuable. After training it for a particular document, we can see the extractions there. Other than that, it has other features like Python scripting in-built, and these are the features that I feel stand out."
"I can train all the instances and properly adjust, inject Python code to find entities, and so on, and so forth."
"We would like the workflow building within this solution to be more transparent, which would allow us to model the process."
"This solution could be improved by offering better integration with other platforms."
"One major area that requires improvement in ABBYY Vantage is its current JSON output format."
"In IRISXtract, we can have master data, and we can set the master data. There are more options for taking any data and comparing it with master data. For a project, they have a dump from SAP for validation. This feature is there in ABBYY, but it is not extensive like IRISXtract. ABBYY is capturing the data, but there are not a lot of options to validate the captured data. It would be helpful if there are more options for validating the captured data in ABBYY FlexiCapture."
"Could be simplified, particularly the UI."
"It would be good if the product provided an AI-based prebuilt model that predicts and gives output."
"It's important to incorporate image detection for signatures or other handwriting elements."
"The solution needs more web or cloud-based development."
"I think the problem is usually tuning it up, and trying to get the best performance — that takes some time."
"Building IQ bots is time-consuming. Initially, script-wise, it would take a lot of time and also the testing of testing part of it."
"The solution requires 32GB RAM."
"This solution could be improved by making it possible to add handwriting and signatures."
"Better customization in terms of mapping would be an improvement."
"I think Automation Anywhere has a partnership with Google. I hope they integrate Google's OCR engine in some way with IQ Bot because the OCR engine that Google produces provides an in-built accuracy of close to 99%. That is the integration we are looking for, but we need to pay for IQ Bot. If they can integrate both and come up with better pricing, then it will be a huge boost because, in that case, the quality of an image or PDF quality is taken completely out of difficulty as Google tends to extract the data. That is something I am looking for if this happens."
"There are certain things that OCR engines are not capable of handling currently. For example, OCR engines pick up a slash as a question mark. They also don't have the capability to handle subcolumns in a column. It would be really helpful if they can add more OCR engines with advanced capabilities to handle such scenarios. We need more cognitive abilities in the OCR engines to deal with the most complex scenarios. We also need more advanced capabilities so that IQ Bot can give better results in terms of PDF quality. This is because we cannot expect the same quality from all the vendors and customers, and there might be scenarios where we get some sort of scanned copies."
"If even a small change is made to a PDF format, IQ Bot may fail to read it and require me to go back and create a new learning instance."
ABBYY Vantage is ranked 1st in Intelligent Document Processing (IDP) with 46 reviews while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 48 reviews. ABBYY Vantage is rated 8.0, while IQ Bot is rated 7.6. The top reviewer of ABBYY Vantage writes "Genius-level AI with very easy setup and implementation processes". On the other hand, the top reviewer of IQ Bot writes "User-friendly and code reusability feature for efficient utilization of existing code repositories". ABBYY Vantage is most compared with UiPath Document Understanding, UiPath, HyperScience, Microsoft Power Automate and IBM Datacap, whereas IQ Bot is most compared with UiPath Document Understanding. See our ABBYY Vantage vs. IQ Bot report.
See our list of best Intelligent Document Processing (IDP) vendors and best Robotic Process Automation (RPA) vendors.
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