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."It's a very useful and user-friendly product."
"I like that it has the capability of processing a high volume of documents with great accuracy."
"The OCR is the best on the market."
"The solution responds well to automatic document classifications with a 90% success rate."
"The ability to extract and insert data, then structuralize it into the actionable format, would be the most valuable."
"Vantage is flexible and customizable. It's a low-code/no-code tool, so you don't need to get into detailed coding. You can also use AI to accomplish medium-complex tasks."
"Identifies and extract relevant elements from a document."
"The most valuable feature of ABBYY FlexiCapture is the accuracy of the general extractions."
"Whenever we want to create something from the previous documents or images, the OCR feature enables us to do that job easily."
"It is very easy to set up and use this tool to get information from documents. It can get the information about the purchase order number, average, description of purchase orders in several formats without any problem."
"IQ Bot is a useful and easy-to-use tool."
"IQ Bot has helped my organization transform digital documents and files into information to be processed."
"The way that the learning combines with the OCR is the solution's most valuable aspect."
"The efficiency with which it was able to categorize the different data types and the format."
"IQ Bot efficiently extracts invoice data from various types of PDFs."
"The detection or extraction of data from the images in PDFs is the feature that I use the most. It is a good solution in terms of how easily you can administer or manage this tool. It is quite easy to use, and it is powerful in terms of what it can do."
"ABBYY Vantage is a product that does not include the Arabic language."
"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."
"Programming interfaces should include intelligence or documentation."
"ABBYY FlexiCapture could improve the performance. We are looking for better performance because it can be a lengthy capture process and the accuracy needs to be enhanced when it comes to Arabic."
"Even though the training works, it's not as good as it is made out to be."
"ABBYY Vantage is mainly available on the public cloud but for clients that use a private cloud, it is complicated to set up the solution."
"I would like to see a machine learning model to make the solution more intelligent."
"Since we are using a trial version, we don't have administration access to create a tenant to integrate my OCR series with Postman."
"The solution requires 32GB RAM."
"This solution could be improved by making it possible to add handwriting and signatures."
"The user should be able to update the data libraries."
"It should be easier to install and configure. We had some issues during the initial setup, and we are resolving them with the help of their support. Its initial setup is complex. Their web pages are not really structured. Because they have multiple products that are more or less similar, it is sometimes hard to understand which documentation you're actually reading and using. Their documentation and web pages should be structured in a better way. In terms of new features, it is a little too early to provide inputs. I need more real business cases to see what is lacking. We haven't yet got those. We are currently testing it from a technical point of view."
"It would be good if the solution could extract or capture details from unstructured data."
"It was challenging to have to do the pre-processing and tax inputting on our own."
"I know that Automation Anywhere just said that IQ Bot 11 and higher versions are ready to extract the documents with less than 300 DPI, however, this is not true. I never could work with documents with less than 300 DPI."
"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."
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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