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."I like that it has the capability of processing a high volume of documents with great accuracy."
"We have found the solution to be stable so far."
"The solution has its own language that can be configured many ways and with higher accuracy than other products."
"The most valuable feature of this solution is its ability to extract content from documents. It is able to identify specific fields and special characters."
"The handwriting recognition is very good, as it can recognize handwriting done with pen and paper with at least 70% accuracy."
"Abbyy is really good in terms of reading OCR."
"Allows us to run through documents and extract information."
"Time-saving with increased levels of accuracy."
"The most valuable features are rapid development, stability, and ease of use."
"Training the model is very simple with IQ Bot's technology. It requires providing several examples of the type of document you want to evaluate. IQ Bot already has a built-in taxonomy, which is like a dictionary of elements commonly found in certain types of documents. For example, when evaluating an invoice, you will find elements, such as "total," "item descriptions," and "shipped to." This pre-existing taxonomy greatly speeds up the training process as it provides a starting point and structure, rather than starting from scratch."
"PDF classification and basic data extraction are useful features."
"IQ Bot uses AI technology to extract data from PDF files by analyzing and splitting a particular PDF file into separate groups."
"The most valuable feature is the cognitive ability, as it will learn an interface that it is not familiar with and perform in the way that a human does."
"The product is easy to use and easy to deploy."
"IQ Bot has the ability to easily capture objects. The latest version is far ahead of the competition. Most of the features are excellent, valuable, and easy to handle."
"The most valuable feature is the intelligence it has with the ability to read the customer sales order and convert it into our own, despite minor changes in format."
"Customization in the solution needs to be modified. In the future, I would like to see the product have better customization functionality."
"The recognition intelligence could improve by having more details in the documents. There are limitations with the forms, templates, and manuscripts."
"The system does not always train itself to recognize data properly."
"The accuracy changes depending on the scenario so you need to test it before committing to this solution."
"The solution needs more web or cloud-based development."
"This solution could be improved by offering better integration with other platforms."
"The integration with UiPath is not good. I would like to see more documentation and guides to help gain more in-depth knowledge of how to use ABBYY FlexiCapture."
"ABBYY Vantage's reporting could be improved - they don't have any out-of-the-box or detailed advanced reports."
"IQ Bot needs to scale up further because many other industry products that are capable of capturing handwritten information are doing much better. So, it would be better if IQ Bot spent more time on handwritten data extraction."
"The solution's predictive model can be improved in terms of accuracy."
"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."
"IQ Bot doesn't accept or manage unstructured documents properly."
"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."
"Product algorithms could be improved."
"The first place it could be improved is its price - it is too high. I'm having a lot of difficulty moving it to the customers."
"I've used versions 11 and 2019 of this solution. The problem with version 11 is integration. When you are using a conventional bot and you try to use IQ Bot development, you don't have a specific feature for integrating these two pieces or components of Automation Anywhere. I was seeing some issues while trying to, for example, send some PDF to an IQ Bot processor and get a response for that process. So, there is a problem with integrating the conventional task automation and IQ Bot in version 11. In contrast, version 2019 already has the integration feature, and we can easily integrate two components. There are some features that must be there in version 11 but are currently missing. There is no total control over some features in IQ Bot. Some variables cannot be parametrized when using IQ Bot directly. The AI features that IQ Bot has must be more open to being parameterized by the user. It would be good if Automation Anywhere exposed some parameters so that I can adjust them as a customer. This is an improvement that Automation Anywhere can do. I would like to see some features related to deep learning in the next releases of IQ Bot. These will be some interesting features to see."
ABBYY Vantage is ranked 1st in Intelligent Document Processing (IDP) with 46 reviews while IQ Bot is ranked 3rd 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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