Compare IBM Datacap vs. Parascript FormXtra.AI

IBM Datacap is ranked 1st in Intelligent Document Processing (IDP) with 7 reviews while Parascript FormXtra.AI is ranked 7th in Intelligent Document Processing (IDP). IBM Datacap is rated 8.2, while Parascript FormXtra.AI is rated 0. The top reviewer of IBM Datacap writes "It reduces human error and saves time". On the other hand, IBM Datacap is most compared with Alfresco, ABBYY FlexiCapture and Automation Anywhere (AA), whereas Parascript FormXtra.AI is most compared with ABBYY FlexiCapture and UiPath.
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Most Helpful Review
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Find out what your peers are saying about IBM Datacap vs. IQ Bot and other solutions. Updated: March 2020.
405,734 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:

Pricing and Cost Advice
Costs savings have been seen by employing bots for multiple shifts instead of people.If we talk about the automation RPA. it definitely has worked very well for us. I'm talking about giving good savings, about more than 180 FTE savings, after implementing more than 200 plus bots. It has worked well. As an organization, it has supported us very well, and also for our customers.It saves on the quality of work, because the quality can be bad when somebody's doing it. If a bot does the work, it's faster and comes with good quality. These are two important things along with the cost saving in the long run. That's where the value is.We have seen ROI on one of the process, but not on the other processes yet.The licensing cost is approximately $4,000 USD, which is a seed license.The certifications are free of cost.There are a lot of savings in terms of effort and time as well as costs. Automation Anywhere automates a lot of processes. It allows an organization to save the efforts of a lot people. It saves a lot of time because people can't work a whole day (24/7), but Automation Anywhere bots can.We are interested in saving manual engineer man-hours. So far, we have saved $100,000.

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Pricing depends on how much we use it. We pay per bulk quantity. We pay as you go. Therefore, it sort of depends on our usage of it.You save a lot of time and money, but the benefit is you have people who are able to run the systems, check to see if there are any errors at all, and there are a lot less errors than a human system.Pricing needs to stay competitive.

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Top Comparisons
Compared 54% of the time.
Compared 35% of the time.
Compared 21% of the time.
Compared 18% of the time.
Also Known As
Automation Anywhere, Testing Anywhere, Automation Anywhere EnterpriseDatacapFormXtra.AI
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Automation Anywhere
IBM
Parascript
Overview

Automation Anywhere is the world’s largest provider of robotics process automation (RPA) software and the pioneer of the intelligent digital workforce. Over 1600 of the world’s leading enterprises deploy 1,000,000+ bots on the Automation Anywhere platform to automate their business processes in banking, finance, insurance, technology, telco, logistics and other sectors. Automation Anywhere has a global reach with 1600 employees and 500+ global partners that deliver products and services in over 90 countries.

IBM Datacap helps you streamline the capture, recognition and classification of business documents and extract important information. Datacap supports multiple-channel capture by processing paper documents on scanners, mobile devices, multi-function peripherals and fax. It uses natural language processing, text analytics and machine learning technologies, like those in IBM Watson, to automatically identify, classify and extract content from unstructured or variable documents. The software can reduce labor and paper costs, deliver meaningful information and support faster decision making.

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.

Offer
Learn more about Automation Anywhere (AA)
Learn more about IBM Datacap
Learn more about Parascript FormXtra.AI
Sample Customers
Google, Linkedin, Cisco, Juniper Networks, DellEMC, Comcast, Mastercard, Quest DiagnosticsTurkcell, PowerSouth Energy Cooperative, Central Nacional Unimed, Conqord Oil
Information Not Available
Top Industries
REVIEWERS
Financial Services Firm29%
Manufacturing Company14%
Software R&D Company11%
Pharma/Biotech Company10%
VISITORS READING REVIEWS
Software R&D Company39%
Comms Service Provider12%
Financial Services Firm9%
Media Company5%
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Company Size
REVIEWERS
Small Business9%
Midsize Enterprise10%
Large Enterprise80%
VISITORS READING REVIEWS
Small Business10%
Midsize Enterprise19%
Large Enterprise71%
REVIEWERS
Small Business71%
Large Enterprise29%
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