ABBYY Vantage vs IBM Datacap comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

ABBYY Vantage
Ranking in Intelligent Document Processing (IDP)
1st
Average Rating
8.0
Number of Reviews
46
Ranking in other categories
Robotic Process Automation (RPA) (6th)
IBM Datacap
Ranking in Intelligent Document Processing (IDP)
8th
Average Rating
7.6
Number of Reviews
26
Ranking in other categories
No ranking in other categories
 

Market share comparison

As of June 2024, in the Intelligent Document Processing (IDP) category, the market share of ABBYY Vantage is 22.4% and it decreased by 6.6% compared to the previous year. The market share of IBM Datacap is 2.4% and it decreased by 37.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Intelligent Document Processing (IDP)
Unique Categories:
Robotic Process Automation (RPA)
2.3%
No other categories found
 

Featured Reviews

Lucas Ivantes - PeerSpot reviewer
Mar 26, 2024
Easy to use, flexible to deploy, and trains different documents easily
We resell the product. We are partners. We do not have internal uses of the product. I do not contact support. I contact a representative usually. He escalates our calls to support. I am part of the initial deployment team. The accuracy of the results produced by the solution's AI document processing is okay. It's good that it supports multi-page documents and tables. It's good that the product also has machine learning. We can enable it, and it will improve over time. Machine learning is one of the main things we use. We can train a small batch of documents from Brazil, and it can improve over time without needing to train a lot of documents. Our customers are spread out. We have tried Portuguese, Spanish, Hindi, Chinese, French, and Italian documents. We had a good experience with the languages we tried. We have used the AI extraction models mostly for invoices. The main thing is to get the process up and running quickly. On the commercial front, there are many tables. We can quickly add a document in development and build a scenario for a demo. The implementation is very quick. We have five different customers in a matter of months. Using ABBYY has helped us reduce manual data entry and free up staff for other tasks. Sometimes, the customer already has an ERP that does the extraction. We are just doing it upfront. The percentage of documents that go straight through processing has improved over time as the models get more advanced. It is the main metric we look at. ABBYY provides "straight-through" processing, in which content is automatically extracted and delivered without manual processing. The quality is good. We set the rules. If it goes through, it means that none of the rules were broken. The main problem is to get the percentage high. We apply manual reviews, too. A percentage of the requests with an error in some rules go through a manual review. We haven't had any solutions in production before. We have had backend solutions, but they were not IDP and were not comparable with ABBYY Vantage. Customers see an advantage in them. It is an extra cost. The price is justified by the ease of implementation of training different documents. If we just need one document or invoice, other products may be more cost-effective. The main thing for me is to enable the users to do the manual reviews and improve the results themselves without needing to train or do a big batch of training with the team. The sooner we can get people trained in the process, the faster we will get the results. The newer tools coming up have more natural language, AI, and large language models. ABBYY is one of the best tools I used. Overall, I rate the solution an 8 out of 10.
Abderrahmane Moumile - PeerSpot reviewer
Nov 20, 2023
A complete solution for document and data capture
At the forefront of my thoughts, the standout feature of this intelligent product is its remarkable capability. This project we're currently engaged in revolves around streamlining workflows within both our company and the customer's company. It entails handling information from various documents with diverse formats and types, even when they contain the same data. The ability to connect this information with the appropriate database and recognize it irrespective of the format or source is an extremely valuable feature. Moreover, leveraging machine learning is crucial since our customer deals with an extensive archive of over five million documents. Machine learning can significantly alleviate the backlog by becoming well-versed in various scenarios they might encounter during their work once we've completed our application.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"Its ease of use is valuable. It is easy to use and configure."
"The most valuable feature of ABBYY FlexiCapture is the ability to create your own template on the fly. You can train and classify, you can work with those different templates without the need to do special programming for it or with minimum programming. Additionally, the solution is supporting the Arabic OCR, both of these combined features are the most important for us in the Egyptian market."
"It's easy to use."
"ABBYY Vantage has been designed as a user-friendly solution, making the setup process require only a couple of days."
"Identifies and extract relevant elements from a document."
"The OCR is the best on the market."
"The machine learning capability is pretty good."
"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."
"The administration of the application following an error is most valuable. We are able to know easily when something is stuck in the system."
"One of the valuable features of Datacap is the user experience. One thing that IBM did a few years ago was they standardized all of their ECM products on Content Navigator, including Datacap. If you're an IBM ECM customer you have FileNet, you have Datacap, you have StoredIQ and you have a consistent user experience, user interface."
"It's resiliency. There are multiple ways of identifying what you are looking for. There are multiple export formats."
"The feedback from our clients that this solution has increased their efficiency and their turnaround time on opening any account for end users, thus attracting more customers."
"There's something that's very unique about IBM DataCap. It provides me with a good solution for extracting, reading the QR codes, and scanning them. In this stage, we are working in a UIT phase before implementing this protocol in all our branches. From my initial observation, IBM DataCap is good, it is not working too fast, but in a good manner for us."
"The standout feature of this intelligent product is its remarkable capability."
"It's a platform, not a configured application, so you can do what you want with it."
"It helps companies figure out how to use advanced imaging techniques, processes, best practices, and other tools."
 

Cons

"Even though the training works, it's not as good as it is made out to be."
"There is an area of improvement. For example, when we read the data from the OCR, the accuracy is not good."
"It's important to incorporate image detection for signatures or other handwriting elements."
"The recognition intelligence could improve by having more details in the documents. There are limitations with the forms, templates, and manuscripts."
"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."
"Since we are using a trial version, we don't have administration access to create a tenant to integrate my OCR series with Postman."
"ABBYY Vantage is a product that does not include the Arabic language."
"There are certain controls like radio buttons and checkboxes that when reading PDFs, really doesn't go well with the RPA."
"Currently, when you are entering invoices, you have to enter multiple rows. In Captiva the multiple rows will be dynamically added. This would be a beneficial feature for IBM to add."
"Its weaknesses are primarily tied to the lack of available resources and expertise in the market to effectively support and provide solutions and services to each customer for seamless implementation. Expertise in this specific product is rare throughout the market. One key reason is the product's limited downloads. Additionally, archiving solutions are often perceived as complex and challenging, dissuading many companies from venturing into this domain. Consequently, partners who specialize in archiving solutions are always seeking straightforward, uncomplicated options that are easy to manage and meet customer expectations."
"I would like to see the product have the ability to process more documents in parallel. Right now, it is a single queue. Therefore, if you want to really test the load and stress test it, having multiple instances and the ability to scale it up would be great."
"There should be an increase in the capacity of the workflows. Datacap is a little limited in this aspect. So, you cannot really implement all the possibilities."
"They have to stop focusing on new development and stabilize the latest release. It is not stable."
"The technical support is horrible. They have downsized the support teams too much. They've outsourced some of them along with some of the development, and they're just stretched too thin."
"Recognition between certain numbers and letters could be improved. Sometimes this solution misreads five with an "S" for Singapore."
"I would like to see integration of Watson AI technology into Datacap."
 

Pricing and Cost Advice

"It is moderately priced."
"We did not go with the licensed version of this solution."
"I'd give ABBYY Vantage's pricing a rating of seven out of ten."
"Our license is $6,000 and includes unlimited users for the verification station."
"The solution offers both cloud and on-premises models but the pricing is on the higher side."
"I give the price a six out of ten."
"The price per page is high."
"Its price should be a little lower. It is a lot higher than the competition, and if they just break the gap a little, then more people might jump onto their product. Their price is definitely a deterrent in the few cases that I remember. They have monthly and yearly options, and if you want, they also have per project and per page options. They do charge extra for different types of installation. They have the standalone, which is pretty straightforward and a lot cheaper than the server installation. Server installation gives you a lot more, and it gives you control over the environment."
"Pricing depends on how much we use it. We pay per bulk quantity. We pay as you go. Therefore, it sort of depends on our usage of it."
"IBM could offer more competitive pricing. This would allow them to attain more users. Some of our clients are considering moving to a different solution called Encapture which is similar but offers more competitive pricing."
"We were using the User Value Unit licensing, which means we get charged per active user of the system, and if I'm not mistaken, we also had it for the rule runner service. They had a PVU license model, which is a processor value unit. For each process that we have in our system, we pay a certain amount of money. We found the pricing to be quite steep. It was really an expensive solution in comparison to Kofax, which had a different licensing model and was actually cheaper overall because they charge per page and not per user and per process."
"It is an expensive solution."
"This solution is the most expensive in the market."
"It varies, and it depends on the client's requirements and negotiations. Nowadays, Datacap is also included in the IBM Cloud Pak for Business Automation."
"Pricing needs to stay competitive."
"You save a lot of time and money, but the benefit is you have people who are able to run the systems, check to see if there are any errors at all, and there are a lot less errors than a human system."
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Top Industries

By visitors reading reviews
Computer Software Company
16%
Financial Services Firm
15%
Manufacturing Company
9%
Comms Service Provider
6%
Financial Services Firm
20%
Computer Software Company
15%
Government
11%
Insurance Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What do you like most about ABBYY Vantage?
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.
What is your experience regarding pricing and costs for ABBYY Vantage?
ABBYY's pricing could be improved. I feel like they are losing out on some business because of their pricing. They could expand their customer base by offering more flexible pricing options.
What needs improvement with ABBYY Vantage?
ABBYY's support model could be improved because we get some complaints from customers regarding the amount of time it takes and the kind of responses we get. They also need to improve their profess...
What do you like most about IBM Datacap?
The installation of the solution is very simple.
What needs improvement with IBM Datacap?
IBM Datacap cannot fetch unstructured data properly; it always gives you wrong information, so no one uses this solution for unstructured data. Even for structured data, sometimes the administrator...
 

Also Known As

ABBYY FlexiCapture
Datacap
 

Learn More

 

Overview

 

Sample Customers

Fujitsu, Plustek, Samsung, Panasonic, M-files
Turkcell, PowerSouth Energy Cooperative, Central Nacional Unimed, Conqord Oil
Find out what your peers are saying about ABBYY Vantage vs. IBM Datacap and other solutions. Updated: May 2024.
787,104 professionals have used our research since 2012.