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."Compared to other tools, ABBYY Vantage is better because it's very user-friendly."
"The most valuable feature of ABBYY FlexiCapture is the accuracy of the general extractions."
"ABBYY Vantage has been designed as a user-friendly solution, making the setup process require only a couple of days."
"Abbyy is really good in terms of reading OCR."
"We like the fact that this solution is enterprise-ready, so it can be deployed on-premises, scale it, etc."
"The ability to extract and insert data, then structuralize it into the actionable format, would be the most valuable."
"The solution has its own language that can be configured many ways and with higher accuracy than other products."
"The advantage of this tool is that it is a proven product. A lot of other products are quite new in the market."
"IQ Bot is quite user-friendly. And the drag-and-drop option is there, which makes the developer more comfortable."
"The detection or extraction of data from the images in PDFs is the feature that I use the most. It is a good solution in terms of how easily you can administer or manage this tool. It is quite easy to use, and it is powerful in terms of what it can do."
"IQ Bot is relatively easy to use and develop."
"We have been using it only for two months, and so far, it is working fine. It is easy to use."
"Training the model is very simple with IQ Bot's technology. It requires providing several examples of the type of document you want to evaluate. IQ Bot already has a built-in taxonomy, which is like a dictionary of elements commonly found in certain types of documents. For example, when evaluating an invoice, you will find elements, such as "total," "item descriptions," and "shipped to." This pre-existing taxonomy greatly speeds up the training process as it provides a starting point and structure, rather than starting from scratch."
"IQ Bot is a useful and easy-to-use tool."
"Good templates means that all basics are pre-defined."
"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 price for trainings or certifications are on the very, very high side."
"Could be simplified, particularly the UI."
"ABBYY Vantage is a product that does not include the Arabic language."
"The is a long time between application updates."
"Since we are using a trial version, we don't have administration access to create a tenant to integrate my OCR series with Postman."
"Machine learning needs to be improved."
"They can have more advanced workflows. They can have some custom status in their workflow. It was there, but they can introduce more cases such as triggering an email or interacting with other systems with APIs. They can be included as stages in their workflow rather than doing it all by scripting."
"Programming interfaces should include intelligence or documentation."
"IQ Bot could improve the documentation."
"The solution's predictive model can be improved in terms of accuracy."
"It's not intuitive from a user standpoint."
"There are issues with the technology identifying a signature."
"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."
"The solution requires 32GB RAM."
"The solution could improve by having more domain-specific templates, such as for documents other than invoices or contracts. For example, having templates for IDs or Passports."
"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."
ABBYY Vantage is ranked 1st in Intelligent Document Processing (IDP) with 46 reviews while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 48 reviews. ABBYY Vantage is rated 8.0, while IQ Bot 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 IQ Bot writes "User-friendly and code reusability feature for efficient utilization of existing code repositories". ABBYY Vantage is most compared with UiPath Document Understanding, UiPath, Microsoft Power Automate, HyperScience and IBM Datacap, whereas IQ Bot is most compared with UiPath Document Understanding and IBM Datacap. 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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