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ABBYY Vantage vs Readabl.ai comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

ABBYY Vantage
Ranking in Intelligent Document Processing (IDP)
1st
Average Rating
8.0
Number of Reviews
48
Ranking in other categories
Robotic Process Automation (RPA) (7th)
Readabl.ai
Ranking in Intelligent Document Processing (IDP)
27th
Average Rating
8.0
Number of Reviews
1
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of September 2024, in the Intelligent Document Processing (IDP) category, the mindshare of ABBYY Vantage is 24.1%, down from 25.6% compared to the previous year. The mindshare of Readabl.ai is 0.2%, down from 0.6% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Intelligent Document Processing (IDP)
 

Featured Reviews

PS
Jun 18, 2024
The fast learning function is impressive, user-friendly, and saves us time
While I understand that ABBYY eventually addressed the communication issue and apologized for it, the initial lack of response was frustrating. A simple explanation at the beginning could have prevented the whole problem. In my opinion, clear communication is the most important aspect of any service. Even if a company has a less-than-perfect product, I, as a customer, have chosen them for a reason. That's why I believe the best thing a supplier can do is prioritize communication, even if it's just automated responses acknowledging receipt of a message and providing an estimated response time. This is where ABBYY initially fell short, but things improved significantly once a director got involved. The lack of patch update notifications creates a blind spot. Without them, we're unaware of new patches and can't proactively check if our code is compatible, potentially leading to issues down the line.
LK
Aug 25, 2021
Stable and scalable with multiple services available simultaneously
There are some features that are provided in the paid version only. They are not a part of the free version. It would be good if some of them could be added to the free version as well to increase usability. If they did that, more people would go for the free version and it will help them explore all kinds of paid services and paid features at no cost. Likely, this would drive adoption and help them acquire more users. It would be ideal if they could add support for rare services as well, to make it so that you can get a response both for SOAP and REST services.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The solution responds well to automatic document classifications with a 90% success rate."
"The solution's AI technology is genius."
"It saves us a lot of manual work."
"I like the flexibility of the layout. For example, for the documents that we're using, this is the main feature that is very useful and makes it flexible for extraction."
"Its OCR Engine is very successful, and it is the leading OCR Engine. It also has NLP support."
"Integration is very easy. There are lots of connectors."
"Verification Station is valuable."
"The most valuable feature of ABBYY FlexiCapture is the accuracy of the general extractions."
"Within the cloud solution, there are multiple services that can be deployed on a particular cloud and you can interact with those servers at the same time."
 

Cons

"Machine learning needs to be improved."
"The accuracy changes depending on the scenario so you need to test it before committing to this solution."
"ABBYY's support model could be improved because we get some complaints from customers regarding the amount of time it takes and the kind of responses we get. They also need to improve their professional services team and train them to support customers better during custom implementations."
"It would be good if the product provided an AI-based prebuilt model that predicts and gives output."
"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."
"Initially, it was good, but now, in terms of ease of implementation and accuracy, there are better competitors in the market. What we are seeing in some of the other tools isn't there in ABBYY. They have to improve it to include such features. Otherwise, it will be difficult for them to compete in the market."
"The is a long time between application updates."
"The modelling, classification and handwritten information are not great."
"It would be ideal if they could add support for rare services as well, to make it so that you can get a response both for SOAP and REST services."
 

Pricing and Cost Advice

"The cost is per page we use. So, the number of pages we use will be its cost."
"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."
"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."
"The price of ABBYY FlexiCapture is better than some competitors, such as OpenText."
"The licenses for this solution are payable on a yearly basis, and are transferable from one year to the next, if they go unused. The license payment also includes a number of support hours from the vendor."
"It costs 5,000 Euro per year for one license. There are almost 500,000 pages available, so I think the price is good for what we have. It's worth the money."
"I give the price a six out of ten."
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Top Industries

By visitors reading reviews
Computer Software Company
16%
Financial Services Firm
14%
Manufacturing Company
10%
Energy/Utilities Company
5%
No data available
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

What do you like most about ABBYY Vantage?
Vantage is flexible and customizable. It's a low-code/no-code tool, so you don't need to get into detailed coding. You can also use AI to accomplish medium-complex tasks.
What needs improvement with ABBYY Vantage?
I would like better language support for Hebrew and Arabic. They're still working on that, and we might get an update by the end of this year. There is currently no support for those two languages ...
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Comparisons

 

Also Known As

ABBYY FlexiCapture
No data available
 

Overview

 

Sample Customers

NHS,  Carlsberg,  DHL,  Societe Generale,  Citi bank,  Deloitte,  3M,  Volkswagen,  Adidas,  PwC Browse through our customer stories.
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Find out what your peers are saying about ABBYY, UiPath, Automation Anywhere and others in Intelligent Document Processing (IDP). Updated: August 2024.
800,688 professionals have used our research since 2012.