ABBYY Vantage vs Parascript FormXtra.AI comparison

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4,435 views|2,654 comparisons
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Comparison Buyer's Guide
Executive Summary

We performed a comparison between ABBYY Vantage and Parascript FormXtra.AI based on real PeerSpot user reviews.

Find out what your peers are saying about ABBYY, Automation Anywhere, UiPath and others in Intelligent Document Processing (IDP).
To learn more, read our detailed Intelligent Document Processing (IDP) Report (Updated: March 2024).
763,955 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:
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 →

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    Questions from the Community
    Top Answer:The solution's technical support is very supportive.
    Top Answer:ABBYY Vantage is a bit of an expensive tool. The payment model for ABBYY Vantage is such that a user needs to make payments for the number of pages consumed with the help of the tool.
    Top Answer:ABBYY Vantage is a product that does not include the Arabic language. From an improvement perspective, ABBYY Vantage should include the Arabic language.
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    Ranking
    Views
    4,435
    Comparisons
    2,654
    Reviews
    20
    Average Words per Review
    501
    Rating
    7.8
    Views
    129
    Comparisons
    94
    Reviews
    0
    Average Words per Review
    0
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    Comparisons
    Also Known As
    ABBYY FlexiCapture
    FormXtra.AI
    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 a 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 - be they 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 many 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 processing of documents immediately.

    • Customization: Design your own AI Skill to process specific document types.

    • Built-in Skill automation, connectors, and intelligent process assets.

    Parascript FormXtra.AI SDK, intelligent document recognition, is an easy-to-use document classification, data location, extraction and validation solution. Our intelligent document recognition locates, extracts and validates any type of information from your documents including machine print, table data, images such as logos, signatures and all forms of handwriting—constrained and unconstrained handprint and cursive. This high performance SDK is a self-learning system that automatically configures rules and learns by itself in order to improve performance.

    Sample Customers
    Fujitsu, Plustek, Samsung, Panasonic, M-files
    IBM, Hp, BancTec, Siemens, Philips
    Top Industries
    REVIEWERS
    Manufacturing Company26%
    Financial Services Firm22%
    Computer Software Company22%
    Recruiting/Hr Firm4%
    VISITORS READING REVIEWS
    Computer Software Company16%
    Financial Services Firm15%
    Manufacturing Company9%
    Comms Service Provider7%
    No Data Available
    Company Size
    REVIEWERS
    Small Business26%
    Midsize Enterprise11%
    Large Enterprise63%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise12%
    Large Enterprise70%
    No Data Available
    Buyer's Guide
    Intelligent Document Processing (IDP)
    March 2024
    Find out what your peers are saying about ABBYY, Automation Anywhere, UiPath and others in Intelligent Document Processing (IDP). Updated: March 2024.
    763,955 professionals have used our research since 2012.

    ABBYY Vantage is ranked 1st in Intelligent Document Processing (IDP) with 25 reviews while Parascript FormXtra.AI is ranked 21st in Intelligent Document Processing (IDP). ABBYY Vantage is rated 8.0, while Parascript FormXtra.AI is rated 0.0. 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, ABBYY Vantage is most compared with UiPath Document Understanding, UiPath, Microsoft Power Automate, OpenText Intelligent Capture and HyperScience, whereas Parascript FormXtra.AI is most compared with Microsoft Power Automate.

    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.