ABBYY Vantage vs Ephesoft Transact comparison

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ABBYY Logo
4,551 views|2,618 comparisons
92% willing to recommend
Ephesoft Logo
526 views|251 comparisons
50% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between ABBYY Vantage and Ephesoft Transact 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.
To learn more, read our detailed ABBYY Vantage vs. Ephesoft Transact Report (Updated: March 2024).
768,415 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The most valuable feature is the ability to scale for big processes. We are able to process 1 million pages a day. Its accuracy is also very nice. It is a good feature that they have. It is an independent platform, which is its biggest advantage as compared to other solutions. It is also very stable and powerful. It is 100% on time.""ABBYY Vantage has reduced our data because it can classify and extract information from documents.""It saves us a lot of manual work.""I like that it has the capability of processing a high volume of documents with great accuracy.""Abbyy is really good in terms of reading OCR.""There are a lot of options in ABBYY FlexiCapture, and it is very vast. I have worked with multiple OCR tools, and I found ABBYY FlexiCapture to be the most accurate tool.""I like the flexibility of the layout. For example, for the documents that we're using, this is the main feature that is very useful and makes it flexible for extraction.""Allows us to run through documents and extract information."

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"I have found the keyword extraction to be helpful.""I like the inject feature. With desktop injects, we're doing all these things and extracting these things. Its stable, scalable, and technical support is good.""Transact's best feature is its ease of customization."

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Cons
"The price for trainings or certifications are on the very, very high side.""It's important to incorporate image detection for signatures or other handwriting elements.""The initial setup was relatively complex. The people who install it must be knowledgeable about what they are doing.""Their tutorials are not enough. They can improve the tutorials and maybe add more examples in their tutorials. Currently, if you want to learn ABBYY technology, it is very difficult. There are just a few resources, such as YouTube channels and blogs. There are not many resources for learning ABBYY.""Could be simplified, particularly the UI.""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.""I think that technical support should help instead of developing a solution from scratch every time you reach out to them.""There are certain controls like radio buttons and checkboxes that when reading PDFs, really doesn't go well with the RPA."

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"Their email service and extraction could be better. We get the input via email, and these emails contain different types of documents like Excel, PDF, or they may contain different content in the email body. Due to this variation, sometimes the email service crashes, and emails aren't redirected to Ephesoft Transact. Ephesoft has provided us with new hotfixes. Whatever flaws we found in the 2019.2 version, they have already updated it in the new version, 20.1.05, and it's already released. Drawbacks like not capturing the handwritten fields are now sorted.""Transact could be improved by removing Java and making its pricing more accessible for smaller customers.""It's not easy to train."

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Pricing and Cost Advice
  • "For us, the price is reasonable."
  • "We did not go with the licensed version of this solution."
  • "The price of this ABBYY FlexiCapture is a bit expensive and the price is based on how many documents have been captured. For example, one or two million captures."
  • "Its price is a little bit high and can be lower. Its licensing is very expensive. I don't remember exactly, but for each page, it is about four or seven cents, which is too expensive."
  • "Most of our customers have purchased an annual license and if you have multiple developers from other companies, you can assign the license on a monthly basis to developers."
  • "It is expensive as compared to UiPath. We pay for the licensing and the page count."
  • "It is more on the reasonable side as compared to the competition that I am aware of. I'm not an expert on pricing schemes for all sorts of things, but when we offer them a solution, we like to say we're agnostic. So, we offer more than one solution when possible. Amongst the ones that we've offered, ABBYY usually is the more reasonable solution on a big scale. On a small scale, they're all pretty similar. As far as I understand, you pay a license for a number of pages, and that's pretty much it. It has just the rate per page, and it decreases as you scale."
  • "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."
  • More ABBYY Vantage Pricing and Cost Advice →

  • "Initially, when I got a licensed copy of Ephesoft Transact, it was for one year. After one year, we had to send an email to the Ephesoft team informing them that our license was going to expire. They updated it and provided one license in our file, and we had to update and install the folder. They have versions for one year and lifelong as well."
  • "Transact's pricing could be better for smaller customers."
  • More Ephesoft Transact Pricing and Cost Advice →

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    Questions from the Community
    Top Answer: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.
    Top Answer: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.
    Top Answer: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… more »
    Top Answer:I have found the keyword extraction to be helpful.
    Top Answer:The pricing is fair. It's not too expensive. I'd rate the solution seven out of ten.
    Top Answer:The configuration can be a bit much. The AML engine part could be better. It's not easy to train. It's not so easy to train the system. If it's not trained, the accuracy will be off. They need to… more »
    Ranking
    Views
    4,551
    Comparisons
    2,618
    Reviews
    21
    Average Words per Review
    521
    Rating
    7.9
    Views
    526
    Comparisons
    251
    Reviews
    1
    Average Words per Review
    593
    Rating
    6.0
    Comparisons
    Also Known As
    ABBYY FlexiCapture
    Learn More
    Overview

    ABBYY Vantage is a next-gen Intelligent Document Processing platform (IDP) designed for digital workforces. ABBYY Vantage uses artificial-intelligence-based technologies to process structured, semi-structured, and unstructured documents. ABBYY's award-winning IDP platform (Vantage™) automatically captures, extracts, and classifies the information contained within business documents, turning it into actionable data to fuel other business systems and accelerate digital transformation.

    This intelligent content intelligence platform complements automation tools like robotic process automation (RPA) and business process automation (BPA) with machine learning and artificial intelligence capabilities to continuously enhance accuracy and improve the outcomes of automated processes.

    ABBYY Vantage provides a flexible layout and easy-to-use interface. The platform is an advanced AI-OCR (optical character recognition).

    ABBYY Vantage Features

    • AI Skills that process any document: The platform’s core set of AI Skills is a foundation for processing all types of documents - printed, PDFs, barcodes, signatures, and checkboxes - whether structured or unstructured.
    • You can design trained “Skills” or choose pre-trained ones from the ABBYY Marketplace. Choose Skills for invoices, purchase orders, W-2 forms, utility bills, and other documents to leverage automation and save time and costs.
    • No code is necessary when designing skills to process structured and unstructured documents.
    • Strong analytics skills. You can track, measure, and analyze the performance of deployed Skills. By doing this, you can improve document processing automation.
    • Seamless integration with other systems. ABBYY Vantage™ easily integrates with automation platforms such as Automation Anywhere, Blue Prism, UiPath, and other RPA and BPA solutions. It also integrates with chatbot and mobile app tools.
    • Machine learning for continuous improvement. The platform’s AI Skills continuously improve and become more accurate over time. The system will learn document variations and collect statistical data, improving the process on the go.

    How does ABBYY Intelligent Document Processing work?

    1. Start by picking a Skill from the ABBYY Marketplace or train a new Skill.
    2. Pick any document.
    3. The system will extract data within your document and delivers output to be ingested by any business system.

    ABBYY Vantage use cases

    The easy-to-use, no-code Vantage platform can be utilized to set up and train Document, Classification, and Process Skills for just about any document type and flow. Intelligent Document Processing made simple and accessible. Some examples of documents ABBYY can process include:

    • Utility bills: Extracts the supplier’s name, statement date, customer name, and address.
    • Personal earning statement: ABBYY Vantage can extract data from pay stubs and help you verify an individual’s earnings and employment status.
    • 1040: Captures the data from 1040 forms for tax processing purposes. Includes name, amounts, filing status, and other details.
    • Identity documents: Extracts information from 10,000 different identity documents from 248 different countries.
    • Remittance: It can capture headers, footers, and in-line details from payment documents.
    • Arrival notice: Captures data from shipping documents, including the consignee, shipper, parties, carriers, and other relevant details.

    You can use Vantage to digitize, automate, and process almost any type of document. It can be especially effective for a number of use cases, including:

    • Customer onboarding and due diligence, including Know Your Customer (KYC).
    • Shipping and logistics, such as shipping instructions, bills of lading, freight forwarding orders, and customs clearance documentation.
    • Insurance claim processing, reading through OCR documents, eliminating human error, and improving the process of insurance claims.
    • Banking and finance. For instance, processing the banking documents associated with loans.

    ABBYY Vantage Benefits

    • Automation: Ready-to-use AI skills designed to improve the immediate processing of documents.
    • Customization: Design your own AI Skill to process specific document types.
    • Built-in Skill automation, connectors, and intelligent process assets.

    Ephesoft provides intelligent document processing solutions with industry-leading technology to help enterprises maximize their productivity. Using AI and patented machine learning technology, Ephesoft’s platform captures data from documents, enriches it with context and amplifies the power of that data, adding intelligence to accelerate any business process and drive successful digital transformation. Once the data is unlocked, Ephesoft classifies it and easily export the data into any ERP, Content Services, RPA, Workflow or other repository.

    Customers who have a high volume of valuable documents like invoices, records, contracts, mail, claims or loans, can benefit by accelerating and streamlining processes, eliminating manual data entry and boosting productivity. It’s time to automate your processes and get work done faster.

    Sample Customers
    Fujitsu, Plustek, Samsung, Panasonic, M-files
    Honda Logistics, Washington State Health Care Authority
    Top Industries
    REVIEWERS
    Manufacturing Company25%
    Computer Software Company25%
    Financial Services Firm21%
    Recruiting/Hr Firm4%
    VISITORS READING REVIEWS
    Computer Software Company16%
    Financial Services Firm15%
    Manufacturing Company9%
    Comms Service Provider7%
    VISITORS READING REVIEWS
    Financial Services Firm21%
    Computer Software Company20%
    Retailer7%
    Wholesaler/Distributor6%
    Company Size
    REVIEWERS
    Small Business26%
    Midsize Enterprise13%
    Large Enterprise62%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise13%
    Large Enterprise69%
    VISITORS READING REVIEWS
    Small Business19%
    Midsize Enterprise19%
    Large Enterprise63%
    Buyer's Guide
    ABBYY Vantage vs. Ephesoft Transact
    March 2024
    Find out what your peers are saying about ABBYY Vantage vs. Ephesoft Transact and other solutions. Updated: March 2024.
    768,415 professionals have used our research since 2012.

    ABBYY Vantage is ranked 1st in Intelligent Document Processing (IDP) with 46 reviews while Ephesoft Transact is ranked 12th in Intelligent Document Processing (IDP) with 3 reviews. ABBYY Vantage is rated 8.0, while Ephesoft Transact 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 Ephesoft Transact writes "A stable and scalable smart content acquisition and data classification solution with a useful inject feature". ABBYY Vantage is most compared with UiPath Document Understanding, UiPath, Microsoft Power Automate, HyperScience and AntWorks CMR+, whereas Ephesoft Transact is most compared with OpenText Intelligent Capture and Tungsten RPA. See our ABBYY Vantage vs. Ephesoft Transact report.

    See our list of best Intelligent Document Processing (IDP) vendors and best Robotic Process Automation (RPA) vendors.

    We monitor all Intelligent Document Processing (IDP) reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.