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IBM Datacap vs Parascript FormXtra.AI comparison

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IBM Datacap

Read 26 IBM Datacap reviews
1,367 views|562 comparisons
88% willing to recommend
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Parascript FormXtra.AI

130 views|96 comparisons
Comparison Buyer's Guide
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Buyer's Guide
Intelligent Document Processing (IDP)
April 2024
Executive Summary

We performed a comparison between IBM Datacap 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: April 2024).
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767,847 professionals have used our research since 2012.
Featured Review
Abderrahmane Moumile
A complete solution for document and data capture
The solution has improved digitalizing all the document process
Use Parascript FormXtra.AI?
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
  • "Pricing needs to stay competitive."
  • "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 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."
  • "We were using the User Value Unit licensing, which means we get charged per active user of the system, and if I'm not mistaken, we also had it for the rule runner service. They had a PVU license model, which is a processor value unit. For each process that we have in our system, we pay a certain amount of money. We found the pricing to be quite steep. It was really an expensive solution in comparison to Kofax, which had a different licensing model and was actually cheaper overall because they charge per page and not per user and per process."
  • "If you want IBM Datacap on cloud, which is a service run by IBM, the price can be quite expensive, but if you want to just purchase the licenses and own those yourself, then the price is very competitive."
  • "It varies, and it depends on the client's requirements and negotiations. Nowadays, Datacap is also included in the IBM Cloud Pak for Business Automation."
  • "In Egypt, we have exchange rates that change year to year, and currently, we're facing an increase in the exchange rate between our Egyptian pound and the dollar. Since we have been using IBM DataCap two years ago we had a good price, it was not expensive. However, I cannot say now if it is expensive or not because of the exchange rate. Additionally, I don't have the data of other competitors and I don't know the prices."
  • "IBM could offer more competitive pricing. This would allow them to attain more users. Some of our clients are considering moving to a different solution called Encapture which is similar but offers more competitive pricing."

    • More IBM Datacap Pricing and Cost Advice →

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    Questions from the Community
    What do you like most about IBM Datacap?
    Top Answer:The installation of the solution is very simple.
    Read all 19 answers   →
    What is your experience regarding pricing and costs for IBM Datacap?
    Top Answer:This solution is the most expensive in the market.
    Read all 10 answers   →
    What needs improvement with IBM Datacap?
    Top Answer:IBM Datacap cannot fetch unstructured data properly; it always gives you wrong information, so no one uses this solution for unstructured data. Even for structured data, sometimes the administrators… more »
    Read all 17 answers   →
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    Earn 20 points

    Ranking
    6th
    out of 58 in Intelligent Document Processing (IDP)
    Views
    1,367
    Comparisons
    562
    Reviews
    12
    Average Words per Review
    647
    Rating
    7.1
    20th
    out of 58 in Intelligent Document Processing (IDP)
    Views
    130
    Comparisons
    96
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    Comparisons
    Also Known As
    Datacap
    FormXtra.AI
    Learn More
    IBM
    Parascript
    Overview

    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.

    Sample Customers
    Turkcell, PowerSouth Energy Cooperative, Central Nacional Unimed, Conqord Oil
    IBM, Hp, BancTec, Siemens, Philips
    Top Industries
    REVIEWERS
    Computer Software Company38%
    Financial Services Firm23%
    Mining And Metals Company8%
    Transportation Company8%
    VISITORS READING REVIEWS
    Financial Services Firm19%
    Computer Software Company15%
    Government11%
    Insurance Company8%
    No Data Available
    Company Size
    REVIEWERS
    Small Business46%
    Midsize Enterprise15%
    Large Enterprise38%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise14%
    Large Enterprise69%
    No Data Available
    Buyer's Guide
    Intelligent Document Processing (IDP)
    April 2024
    Download Free Report
    Find out what your peers are saying about ABBYY, Automation Anywhere, UiPath and others in Intelligent Document Processing (IDP). Updated: April 2024.
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    767,847 professionals have used our research since 2012.

    IBM Datacap is ranked 6th in Intelligent Document Processing (IDP) with 26 reviews while Parascript FormXtra.AI is ranked 20th in Intelligent Document Processing (IDP). IBM Datacap is rated 7.6, while Parascript FormXtra.AI is rated 0.0. The top reviewer of IBM Datacap writes "The ability to connect this information with the appropriate database and recognize it irrespective of the format or source is an extremely valuable feature". On the other hand, IBM Datacap is most compared with ABBYY Vantage, Microsoft Power Automate, Tungsten TotalAgility, HyperScience and OpenText Intelligent Capture, whereas Parascript FormXtra.AI is most compared with Microsoft Power Automate, ABBYY Vantage and HyperScience.

    See our list of best Intelligent Document Processing (IDP) 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.