Compare ABBYY FlexiCapture vs. IQ Bot

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ABBYY FlexiCapture Logo
5,058 views|3,818 comparisons
IQ Bot Logo
2,449 views|667 comparisons
Most Helpful Review
Find out what your peers are saying about ABBYY FlexiCapture vs. IQ Bot and other solutions. Updated: March 2021.
474,857 professionals have used our research since 2012.
Quotes From Members

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

Pros
"The OCR is the best on the market.""The handwriting recognition is very good, as it can recognize handwriting done with pen and paper with at least 70% accuracy.""It's a very useful and user-friendly product.""The most valuable feature is the ability to capture data from documents with different formats.""The machine learning capability is pretty good.""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."

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"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.""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 efficiency with which it was able to categorize the different data types and the format.""The most valuable feature is the cognitive, self-learning component that understands the undefined templates.""The character recognition feature is very good.""I would say that the best feature is that it has native automation for the US.""The ease that it provides in extracting vendor invoices, without having to configure them, was the reason for which we had gone with a solution.""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."

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Cons
"This solution should have better integration with RPA solutions such as Blue Prism.""In the future, I would like to see integration with Google Sheets.""Not a ten because sometimes some documents have handwritten data. If this improved, I would rate it a ten out of ten.""The is a long time between application updates.""Quite complex, particularly for those who are not tech savvy.""They should improve the RESTful API side of this solution. Currently, fully RESTful API is not available in the on-prem version, which is really a problem, and we have to work around this limitation. The cloud version already has a fully RESTful API, but the on-prem version doesn't have a fully RESTful API, which is a big mistake. It is easy to solve, but they aren't solving it quicker. They are taking a long time. Nowadays, most people don't go to the interface. They like to use RESTful API."

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"Better customization in terms of mapping would be an improvement.""The price of IQ Bot, packaged with Automation Anywhere, is too expensive for some companies and they will not use it.""It's not intuitive from a user standpoint.""It would be helpful if the IQ Bot OCR could be integrated with third-party solutions like FlexiCapture.""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.""It was challenging to have to do the pre-processing and tax inputting on our own.""The way this solution creates invoices can be improved. It is slow. Sometimes, it is also very complicated because you need to apply some kind of filters and effects over the images, which makes it a little bit complicated. They can reduce the complexity to manage the fields or incorporate other features. They can provide an easy way for developers to customize and program fields. The accuracy of the OCR engine can be improved. It would be great if they can also provide an ICR engine and an option to choose between OCR or ICR."

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Pricing and Cost Advice
"For us, the price is reasonable."

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"Pricing is highly confidential because it is something that can be negotiated.""The package that includes Automation Anywhere and IQ Bot starts at $10,000 USD.""The pricing is complicated but I wouldn't say that they are expensive.""It has an average cost.""There are others like Automation Anywhere offering similar kinds of bots for less. Most of the platforms are the same, and most of the features are the same, but not the licensing cost.""It's expensive.""There are more affordable solutions than this.""I feel that the price of IQ Bot could be lower."

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Questions from the Community
Top Answer: 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… more »
Top Answer: They should improve the RESTful API side of this solution. Currently, fully RESTful API is not available in the on-prem version, which is really a problem, and we have to work around this limitation… more »
Top Answer: We use this solution mostly for processing Brazilian servicing invoices and personnel documents and contracts, such as personnel ID cards. I am a strategic partner of ABBYY here in Brazil. I deploy… more »
Top Answer: IQ Bot is easy to use compared to some of the other solutions out there.
Top Answer: With the Cloud, the price goes up and down. You only pay for what you use. If it goes up, you pay for it, and then if it goes down, you don't pay for it. It really depends on what you use. The cost… more »
Top Answer: They're always trying to make it easier. The whole automation industry is moving into what they call "intelligent automation", where they have started to bring AI into it also. That way, based on… more »
Ranking
Views
5,058
Comparisons
3,818
Reviews
5
Average Words per Review
545
Rating
8.4
Views
2,449
Comparisons
667
Reviews
17
Average Words per Review
572
Rating
7.6
Popular Comparisons
Also Known As
FlexiCapture
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Overview

ABBYY FlexiCapture is an intelligent platform for capturing meaningful data, relationships and insights from documents, forms and correspondence to improve business outcomes. It transforms documents into business value by capturing and validating information in any format at its point of need. Intelligently digitizing documents and automating document processes, FlexiCapture helps organizations remove risk and cost while accelerating revenue and drive competitive advantage every day.

IQ Bot is democratizing dark data processing. IQ Bot is the only AI-based solution that can be easily set up and used by business users to automatically read and process a variety of complex documents and emails, faster. By learning from human behavior, IQ Bot becomes faster and more accurate while reducing setup and operational costs.

Offer
Learn more about ABBYY FlexiCapture
Learn more about IQ Bot
Sample Customers
Banque Populaire de l’Ouest, PepsiCo
Synergy
Top Industries
VISITORS READING REVIEWS
Computer Software Company30%
Comms Service Provider17%
Financial Services Firm12%
Energy/Utilities Company8%
REVIEWERS
Computer Software Company42%
Outsourcing Company17%
Manufacturing Company8%
Retailer8%
VISITORS READING REVIEWS
Comms Service Provider27%
Computer Software Company26%
Energy/Utilities Company7%
Construction Company6%
Company Size
No Data Available
REVIEWERS
Small Business16%
Midsize Enterprise21%
Large Enterprise63%
Find out what your peers are saying about ABBYY FlexiCapture vs. IQ Bot and other solutions. Updated: March 2021.
474,857 professionals have used our research since 2012.

ABBYY FlexiCapture is ranked 1st in Intelligent Document Processing (IDP) with 6 reviews while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 18 reviews. ABBYY FlexiCapture is rated 8.4, while IQ Bot is rated 7.6. The top reviewer of ABBYY FlexiCapture writes "A powerful and independent platform with good ability to scale for big processes, good accuracy, and good stability". On the other hand, the top reviewer of IQ Bot writes "Offers native automation for the US but is too expensive". ABBYY FlexiCapture is most compared with Kofax RPA, Automation Anywhere (AA), IBM Datacap, HyperScience and ABBYY Vantage, whereas IQ Bot is most compared with IBM Datacap and HyperScience. See our ABBYY FlexiCapture vs. IQ Bot report.

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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.