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 is user-friendly...The deployment process can be done in a few minutes."
"The most valuable features have been the rate of recognition and the structured documents."
"Compared to other tools, ABBYY Vantage is better because it's very user-friendly."
"Its OCR Engine is very successful, and it is the leading OCR Engine. It also has NLP support."
"The solution's technical support is very supportive."
"Time-saving with increased levels of accuracy."
"Verification station is a really good feature. It allows part-owners to be able to take a look at what comes out of the tool after a document, such as an invoice, is run through ABBYY. It also allows them to update it if there are any mistakes. So, it kind of gives them a little more control over what goes through the system and lessens the errors."
"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."
"The efficiency with which it was able to categorize the different data types and the format."
"Our mainframe-based and web-based projects are working well, with no issues."
"IQ Bot has the capability to identify changes and remap its settings accordingly. It also has the ability to learn."
"Whenever we want to create something from the previous documents or images, the OCR feature enables us to do that job easily."
"I would say that the best feature is that it has native automation for the US."
"It offers a pretty simple setup process."
"I can train all the instances and properly adjust, inject Python code to find entities, and so on, and so forth."
"The most valuable features are rapid development, stability, and ease of use."
"Even though the training works, it's not as good as it is made out to be."
"It would be good if the product provided an AI-based prebuilt model that predicts and gives output."
"Their tutorials are not enough. They can improve the tutorials and maybe add more examples in their tutorials. Currently, if you want to learn ABBYY technology, it is very difficult. There are just a few resources, such as YouTube channels and blogs. There are not many resources for learning ABBYY."
"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."
"I would like to see a machine learning model to make the solution more intelligent."
"One major area that requires improvement in ABBYY Vantage is its current JSON output format."
"The solution needs more web or cloud-based development."
"Customization in the solution needs to be modified. In the future, I would like to see the product have better customization functionality."
"We face a few data extraction challenges when we use a huge data set with different formats."
"One of the challenges that we faced was that the Automation Anywhere log files were being created and not cleaned up, which would eventually kill the bot."
"Better customization in terms of mapping would be an improvement."
"I would like love to see pre-trained models based on industries."
"The process of manually correcting the data in the validation queue that IQ Bot failed to extract should be automated."
"It's not intuitive from a user standpoint."
"The solution could improve by having more domain-specific templates, such as for documents other than invoices or contracts. For example, having templates for IDs or Passports."
"It should be easier to install and configure. We had some issues during the initial setup, and we are resolving them with the help of their support. Its initial setup is complex. Their web pages are not really structured. Because they have multiple products that are more or less similar, it is sometimes hard to understand which documentation you're actually reading and using. Their documentation and web pages should be structured in a better way. In terms of new features, it is a little too early to provide inputs. I need more real business cases to see what is lacking. We haven't yet got those. We are currently testing it from a technical point of view."
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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