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."ABBYY Vantage has reduced our data because it can classify and extract information from documents."
"Verification Station is valuable."
"We are able to extract details from a PDF and put them into a CSV. It is able to extract the details that we are looking for. We have the Machine Learning feature to extract the data with respect to the position of the field."
"The solution's AI technology is genius."
"It saves us a lot of manual work."
"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."
"Abbyy is really good in terms of reading OCR."
"PDF classification and basic data extraction are useful features."
"IQ Bot efficiently extracts invoice data from various types of PDFs."
"The ability to train itself is a good, valuable feature. It is one of the most stable RPA products at present. Installation is easy for IQ Bot, and they provide good technical support."
"IQ Bot's most valuable feature is data migration, including Word format and legacy document templates."
"The valuable feature of IQ Bot is the AI functionality."
"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."
"The product is easy to use and easy to deploy."
"The most valuable features are rapid development, stability, and ease of use."
"The price for trainings or certifications are on the very, very high side."
"There is always room for improvement in any product. Some of the configurations for the machine learning models for invoice reading are fairly complicated. There is so much customization that is possible with that sort of thing, so it makes sense that there are a lot of options, but some of the more important ones can be a little better streamlined or more upfront. Currently, machine learning models are a little bit difficult to configure satisfactorily."
"They should improve the RESTful API side of this solution. Currently, fully RESTful API is not available in the on-prem version, which is really a problem, and we have to work around this limitation. The cloud version already has a fully RESTful API, but the on-prem version doesn't have a fully RESTful API, which is a big mistake. It is easy to solve, but they aren't solving it quicker. They are taking a long time. Nowadays, most people don't go to the interface. They like to use RESTful API."
"One major area that requires improvement in ABBYY Vantage is its current JSON output format."
"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."
"The is a long time between application updates."
"It would be good if the product provided an AI-based prebuilt model that predicts and gives output."
"ABBYY Vantage is mainly available on the public cloud but for clients that use a private cloud, it is complicated to set up the solution."
"There are certain things that OCR engines are not capable of handling currently. For example, OCR engines pick up a slash as a question mark. They also don't have the capability to handle subcolumns in a column. It would be really helpful if they can add more OCR engines with advanced capabilities to handle such scenarios. We need more cognitive abilities in the OCR engines to deal with the most complex scenarios. We also need more advanced capabilities so that IQ Bot can give better results in terms of PDF quality. This is because we cannot expect the same quality from all the vendors and customers, and there might be scenarios where we get some sort of scanned copies."
"The user should be able to update the data libraries."
"This solution could be improved by making it possible to add handwriting and signatures."
"I would like love to see pre-trained models based on industries."
"It was challenging to have to do the pre-processing and tax inputting on our own."
"The solution did not allow the use of other OCR and their own was not accurate and could improve."
"The way this solution creates invoices can be improved. It is slow. Sometimes, it is also very complicated because you need to apply some kind of filters and effects over the images, which makes it a little bit complicated. They can reduce the complexity to manage the fields or incorporate other features. They can provide an easy way for developers to customize and program fields. The accuracy of the OCR engine can be improved. It would be great if they can also provide an ICR engine and an option to choose between OCR or ICR."
"We face a few data extraction challenges when we use a huge data set with different formats."
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, HyperScience, Microsoft Power Automate and IBM Datacap, whereas IQ Bot is most compared with UiPath Document Understanding. 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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