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."Identifies and extract relevant elements from a document."
"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."
"The solution's AI technology is genius."
"We like the fact that this solution is enterprise-ready, so it can be deployed on-premises, scale it, etc."
"It's easy to use."
"The whole idea of designing your own templates is pretty much the bread and butter of the product, but that's really the best part because you can design flexible templates."
"The solution has its own language that can be configured many ways and with higher accuracy than other products."
"While using ABBYY FlexiCapture we did not use the generic models that they do have for invoice and purchase orders. For one of the use-cases, the document was exactly the purchase order, but we are not using that generic model. We are creating the model from Scratch. However, if I was to compare ABBYY FlexiCapture with other IA tools, the machine learning and how the extraction is done is far better than competitors. This allows a lot less effort for the development."
"IQ Bot is relatively easy to use and develop."
"The most valuable features are rapid development, stability, and ease of use."
"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."
"It's quite easy to use, you just have to map the filter to keep it going."
"IQ Bot is easy to use compared to some of the other solutions out there."
"Our mainframe-based and web-based projects are working well, with no issues."
"The most valuable feature of IQ Bot is the Discovery Bots. They can detect and analyze for improvements."
"I would like to see a machine learning model to make the solution more intelligent."
"Programming interfaces should include intelligence or documentation."
"We would like the workflow building within this solution to be more transparent, which would allow us to model the process."
"This solution could be improved by offering better integration with other platforms."
"Even though the training works, it's not as good as it is made out to be."
"Customization in the solution needs to be modified. In the future, I would like to see the product have better customization functionality."
"It could be more intuitive. It's huge and has many options, and that makes it difficult. You have to go to Google and search for documents and videos to try and understand how it works. Some tools or processes or some parts of the process should be intuitive to make it easier for the developers."
"One major area that requires improvement in ABBYY Vantage is its current JSON output format."
"There's still room for improvement in IQ Bot because sometimes, my team has certain types of PDFs that need to be grouped, for example, five types of videos need to be sorted to get data, but it was impossible to do in the solution. There's even an instance when I'm extracting data, for example, the invoice numbers, and I trained IQ Bot to do the extraction just for the invoice numbers, but it failed to do it. There could be some exceptions that the product developer is working on, but it could take time because sometimes IQ Bot works, and sometimes it doesn't, so the error isn't because of the developer. The error lies with the system. Another area for improvement in the solution is that during installation, it makes your machine drastically slow. It requires you to have RAM of 16 GB and a 500 GB hard disk, but that's still not enough. Slow downloading is also an area for improvement in IQ Bot because whenever you try to execute bots around 20MB to 100MB, for example, that will be downloaded from the cloud to local machines, and this process could take between seven to eight minutes, and this could be frustrating especially when you're trying to showcase it to a customer. Bot downloading into a local machine shouldn't be taking more than five minutes because it's embarrassing in front of clients. It's good that Automation Anywhere provides a cloud version for IQ Bot, but if you're unable to execute it fast, then that's not very good. I was working for one client in Brazil and there was a time I was showing the bot to them and it was taking around seven minutes to get downloaded on the local machine, and I even tried to connect with the support team, but that still didn't get me anywhere. If you're working on some code and you're executing a bot, you need to change one line and the bot will download completely, so it should be pipeline or SVN or Git. If you've downloaded a 50MB bot, you just change one variable name, but then you have to download the 50MB code again, and it makes you wonder why you need to download the complete code. You have to double-check if you already have the code in your folder, and why would you need to download it again. Only one line should be changed for the download time to decrease drastically, but right now, you need to be downloading the code completely, so if you're executing a 100MB bot fifty times, then that means it will be downloaded fifty times as well. IQ Bot is not a straightforward solution, so my team is struggling with it. Currently, my company has been doing some R&D about the solution, and it has several main problems that need to be addressed. What I'd like to see in the next version of the solution is support for unstructured PDFs because currently, it's a very good solution for structured PDFs."
"It would be good if the solution could extract or capture details from unstructured data."
"The user should be able to update the data libraries."
"We face a few data extraction challenges when we use a huge data set with different formats."
"I think the problem is usually tuning it up, and trying to get the best performance — that takes some time."
"There are issues with the technology identifying a signature."
"The product is expensive."
"API configurations through control room could be improved a bit."
ABBYY Vantage is ranked 1st in Intelligent Document Processing (IDP) with 25 reviews while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 24 reviews. ABBYY Vantage is rated 8.0, while IQ Bot is rated 7.6. The top reviewer of ABBYY Vantage writes "An easy-to-use solution with good ICR and OCR capabilities, but needs more connectors and advanced workflows and better stability". On the other hand, the top reviewer of IQ Bot writes "User-friendly, has great functionality, and allows users to fetch and extract data easily". ABBYY Vantage is most compared with UiPath Document Understanding, UiPath, Microsoft Power Automate, OpenText Intelligent Capture and IBM Datacap, whereas IQ Bot is most compared with UiPath Document Understanding, IBM Datacap, HyperScience, OpenText Intelligent Capture and Automation Hero. 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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