Ephesoft Transact Reviews

Name: Ephesoft Transact
Brand: Ephesoft
Rating: 3.8 (3 reviews)

3.8 out of 5

3 reviews
50% willing to recommend

What is Ephesoft Transact?

Ephesoft provides intelligent document processing solutions with industry-leading technology to help enterprises maximize their productivity. Using AI and patented machine learning technology, Ephesoft’s platform captures data from documents, enriches it with context and amplifies the power of that data, adding intelligence to accelerate any business process and drive successful digital transformation. Once the data is unlocked, Ephesoft classifies it and easily export the data into any ERP, Content Services, RPA, Workflow or other repository.

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Ephesoft Transact is the #14 ranked solution in top Intelligent Document Processing (IDP) solutions. PeerSpot users give Ephesoft Transact an average rating of 7.6 out of 10. Based on the analysis of the 3 most recent Ephesoft Transact reviews, the overall sentiment is , with a sentiment score of 5.9. (Among the lowest in the category). Ephesoft Transact is most commonly compared to ABBYY Vantage: Ephesoft Transact vs ABBYY Vantage. Ephesoft Transact is popular among the large enterprise segment, accounting for 65% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a financial services firm, accounting for 22% of all views.

Buyer's Guide

Intelligent Document Processing (IDP)

November 2024

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Helped 816,406 peers since 2012

Featured reviews

Yogesh Shendage

OCR Developer at a tech vendor with 10,001+ employees

I would advise potential users that Ephesoft Transact is an easy tool to handle. The UI isn't complex, and even if everything isn't handled at the UI level, they can work with the script. You can also handle issues with scripts. I believe Ephesoft Transact is one of the best tools because the UI is an easy one. The UI-level design makes it easy to handle the development and the superior Ephesoft support system. They will give you quick support to resolve issues and provide training materials. They will train the developer, and after training the developers, they will also support them. That's a good good thing that I saw. Initially, when I joined this project, I also had less knowledge. But with the help of this support system and the training material, I now have superior knowledge. On a scale from one to ten, I would give Ephesoft Transact a nine.

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reviewer2155206

Software Development Consultant at a hospitality company with 1-10 employees

The configuration can be a bit much. The AML engine part could be better. It's not easy to train. It's not so easy to train the system. If it's not trained, the accuracy will be off. They need to improve data quality. They need to start from scratch with the AML. They need to add on the document processing tool. It's getting there; it just need to be expanded. I haven't used the reporting too much. However, it would be helpful to have it more robust. The solution does require a lot of RAM.

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reviewer1871850

Head of Operational Contracts for TotalEnergies E&P Angola at a tech consulting company with 51-200 employees

Transact is primarily used to import and export documents, for claims handling, and mail distribution control. Transact's best feature is its ease of customization. Transact could be improved by removing Java and making its pricing more accessible for smaller customers. I've been using Transact…

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Ephesoft Transact mindshare

As of November 2024, the mindshare of Ephesoft Transact in the Intelligent Document Processing (IDP) category stands at 1.6%, down from 1.9% compared to the previous year, according to calculations based on PeerSpot user engagement data.

Intelligent Document Processing (IDP)

Key learnings from peers

Last updated Nov 21, 2024

Valuable Features

"I have found the keyword extraction to be helpful."
"Transact's best feature is its ease of customization."
"I like the inject feature. With desktop injects, we're doing all these things and extracting these things. Its stable, scalable, and technical support is good."

Room for Improvement

"It's not easy to train."
"Transact could be improved by removing Java and making its pricing more accessible for smaller customers."
"Their email service and extraction could be better. We get the input via email, and these emails contain different types of documents like Excel, PDF, or they may contain different content in the email body. Due to this variation, sometimes the email service crashes, and emails aren't redirected to Ephesoft Transact. Ephesoft has provided us with new hotfixes. Whatever flaws we found in the 2019.2 version, they have already updated it in the new version, 20.1.05, and it's already released. Drawbacks like not capturing the handwritten fields are now sorted."

Pricing

"Transact's pricing could be better for smaller customers."
"Initially, when I got a licensed copy of Ephesoft Transact, it was for one year. After one year, we had to send an email to the Ephesoft team informing them that our license was going to expire. They updated it and provided one license in our file, and we had to update and install the folder. They have versions for one year and lifelong as well."

Popular Use Cases

Deployment

Scalability

Stability

These insights are based on the in-depth reviews provided by peers to help you make a better buying decision.

Download our Intelligent Document Processing (IDP) Buyer's Guide for additional reliable information.

Top industries

By visitors reading reviews

Financial Services Firm

22%

Computer Software Company

21%

Retailer

Government

Manufacturing Company

Hospitality Company

Educational Organization

Non Profit

Insurance Company

Legal Firm

Logistics Company

Healthcare Company

Wholesaler/Distributor

Performing Arts

Real Estate/Law Firm

Recruiting/Hr Firm

Construction Company

Energy/Utilities Company

Mining And Metals Company

Consumer Goods Company

Transportation Company

Wellness & Fitness Company

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Learn more about Ephesoft Transact

Customers who have a high volume of valuable documents like invoices, records, contracts, mail, claims or loans, can benefit by accelerating and streamlining processes, eliminating manual data entry and boosting productivity. It’s time to automate your processes and get work done faster.