ABBYY Vantage vs ElectroNeek comparison

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ABBYY Logo
3,394 views|1,931 comparisons
92% willing to recommend
ElectroNeek Logo
1,492 views|592 comparisons
95% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between ABBYY Vantage and ElectroNeek based on real PeerSpot user reviews.

Find out in this report how the two Robotic Process Automation (RPA) solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed ABBYY Vantage vs. ElectroNeek Report (Updated: March 2024).
768,578 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Its OCR Engine is very successful, and it is the leading OCR Engine. It also has NLP support.""Identifies and extract relevant elements from a document.""The most valuable feature of ABBYY FlexiCapture is the accuracy of the general extractions.""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.""The solution has its own language that can be configured many ways and with higher accuracy than other products.""While using ABBYY FlexiCapture we did not use the generic models that they do have for invoice and purchase orders. For one of the use-cases, the document was exactly the purchase order, but we are not using that generic model. We are creating the model from Scratch. However, if I was to compare ABBYY FlexiCapture with other IA tools, the machine learning and how the extraction is done is far better than competitors. This allows a lot less effort for the development.""We can quickly integrate the catalogs with proper documentation.""The most valuable feature is the ability to capture data from documents with different formats."

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"ElectroNeek was extremely easy to use, especially its UI was easy to navigate with limited training.""The solution is user-friendly with a really good UI and ID.""The product's setup is straightforward.""My favorite feature is that you can have unlimited bots without having to buy more licenses. That's a powerful option for scalability.""The product's initial setup phase was easy.""We find the OCR feature very valuable, due to the corrector recognition that it provides; this is very useful for document processing.""The drag and drop feature, which is no code, is very useful for me because I am not a technical person. It is very user-friendly.""The cost is the best thing about ElectroNeek."

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Cons
"The accuracy changes depending on the scenario so you need to test it before committing to this solution.""The integration with UiPath is not good. I would like to see more documentation and guides to help gain more in-depth knowledge of how to use ABBYY FlexiCapture.""Since we are using a trial version, we don't have administration access to create a tenant to integrate my OCR series with Postman.""There is an area of improvement. For example, when we read the data from the OCR, the accuracy is not good.""I would like to see a machine learning model to make the solution more intelligent.""Could be simplified, particularly the UI.""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.""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."

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"The integrating capability of the product needs to be improved, to ensure that it works with all systems involved in a process.""I think that this solution could improve remote desktop interactions.""The solution needs to improve its stability.""When I wanted to use web scraping for tables in web applications, I found through online forums that such functionality or activity is currently not working as it shows.""The pricing is an area with a shortcoming, and from an improvement perspective, it needs to be made cheaper.""Its price could definitely be lower.""The solution works well with Google Chrome, but not with Microsoft Edge, which is the browser we use for automation.""It's not applicable to very large enterprises and for difficult work or more complex processes."

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Pricing and Cost Advice
  • "For us, the price is reasonable."
  • "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."
  • "Its price is a little bit high and can be lower. Its licensing is very expensive. I don't remember exactly, but for each page, it is about four or seven cents, which is too expensive."
  • "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."
  • "It is expensive as compared to UiPath. We pay for the licensing and the page count."
  • "It is more on the reasonable side as compared to the competition that I am aware of. I'm not an expert on pricing schemes for all sorts of things, but when we offer them a solution, we like to say we're agnostic. So, we offer more than one solution when possible. Amongst the ones that we've offered, ABBYY usually is the more reasonable solution on a big scale. On a small scale, they're all pretty similar. As far as I understand, you pay a license for a number of pages, and that's pretty much it. It has just the rate per page, and it decreases as you scale."
  • "Its price should be a little lower. It is a lot higher than the competition, and if they just break the gap a little, then more people might jump onto their product. Their price is definitely a deterrent in the few cases that I remember. They have monthly and yearly options, and if you want, they also have per project and per page options. They do charge extra for different types of installation. They have the standalone, which is pretty straightforward and a lot cheaper than the server installation. Server installation gives you a lot more, and it gives you control over the environment."
  • More ABBYY Vantage Pricing and Cost Advice →

  • "It's very affordable and the licensing is billed on a yearly basis."
  • "Its price could definitely be lower. Its licensing is on a yearly basis. There is no additional cost to the standard licensing fees."
  • "I believe we had a Silver Membership or something similar annually."
  • "I give the price an eight out of ten."
  • "On a scale of one to ten, where one is cheap, and ten is expensive, I rate the pricing a seven."
  • "My company has made a payment towards the purchase of a license from ElectorNeek."
  • More ElectroNeek Pricing and Cost Advice →

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    Questions from the Community
    Top Answer: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.
    Top Answer:ABBYY's pricing could be improved. I feel like they are losing out on some business because of their pricing. They could expand their customer base by offering more flexible pricing options.
    Top Answer: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… more »
    Top Answer:Yea there are. For example Electroneek. 
    Top Answer:The product's initial setup phase was easy.
    Top Answer:My company has made a payment towards the purchase of a license from ElectorNeek.
    Ranking
    Views
    3,394
    Comparisons
    1,931
    Reviews
    21
    Average Words per Review
    521
    Rating
    7.9
    Views
    1,492
    Comparisons
    592
    Reviews
    6
    Average Words per Review
    410
    Rating
    7.0
    Comparisons
    Also Known As
    ABBYY FlexiCapture
    ElectroNeek RPA
    Learn More
    Overview

    ABBYY Vantage is a next-gen Intelligent Document Processing platform (IDP) designed for digital workforces. ABBYY Vantage uses artificial-intelligence-based technologies to process structured, semi-structured, and unstructured documents. ABBYY's award-winning IDP platform (Vantage™) automatically captures, extracts, and classifies the information contained within business documents, turning it into actionable data to fuel other business systems and accelerate digital transformation.

    This intelligent content intelligence platform complements automation tools like robotic process automation (RPA) and business process automation (BPA) with machine learning and artificial intelligence capabilities to continuously enhance accuracy and improve the outcomes of automated processes.

    ABBYY Vantage provides a flexible layout and easy-to-use interface. The platform is an advanced AI-OCR (optical character recognition).

    ABBYY Vantage Features

    • AI Skills that process any document: The platform’s core set of AI Skills is a foundation for processing all types of documents - printed, PDFs, barcodes, signatures, and checkboxes - whether structured or unstructured.
    • You can design trained “Skills” or choose pre-trained ones from the ABBYY Marketplace. Choose Skills for invoices, purchase orders, W-2 forms, utility bills, and other documents to leverage automation and save time and costs.
    • No code is necessary when designing skills to process structured and unstructured documents.
    • Strong analytics skills. You can track, measure, and analyze the performance of deployed Skills. By doing this, you can improve document processing automation.
    • Seamless integration with other systems. ABBYY Vantage™ easily integrates with automation platforms such as Automation Anywhere, Blue Prism, UiPath, and other RPA and BPA solutions. It also integrates with chatbot and mobile app tools.
    • Machine learning for continuous improvement. The platform’s AI Skills continuously improve and become more accurate over time. The system will learn document variations and collect statistical data, improving the process on the go.

    How does ABBYY Intelligent Document Processing work?

    1. Start by picking a Skill from the ABBYY Marketplace or train a new Skill.
    2. Pick any document.
    3. The system will extract data within your document and delivers output to be ingested by any business system.

    ABBYY Vantage use cases

    The easy-to-use, no-code Vantage platform can be utilized to set up and train Document, Classification, and Process Skills for just about any document type and flow. Intelligent Document Processing made simple and accessible. Some examples of documents ABBYY can process include:

    • Utility bills: Extracts the supplier’s name, statement date, customer name, and address.
    • Personal earning statement: ABBYY Vantage can extract data from pay stubs and help you verify an individual’s earnings and employment status.
    • 1040: Captures the data from 1040 forms for tax processing purposes. Includes name, amounts, filing status, and other details.
    • Identity documents: Extracts information from 10,000 different identity documents from 248 different countries.
    • Remittance: It can capture headers, footers, and in-line details from payment documents.
    • Arrival notice: Captures data from shipping documents, including the consignee, shipper, parties, carriers, and other relevant details.

    You can use Vantage to digitize, automate, and process almost any type of document. It can be especially effective for a number of use cases, including:

    • Customer onboarding and due diligence, including Know Your Customer (KYC).
    • Shipping and logistics, such as shipping instructions, bills of lading, freight forwarding orders, and customs clearance documentation.
    • Insurance claim processing, reading through OCR documents, eliminating human error, and improving the process of insurance claims.
    • Banking and finance. For instance, processing the banking documents associated with loans.

    ABBYY Vantage Benefits

    • Automation: Ready-to-use AI skills designed to improve the immediate processing of documents.
    • Customization: Design your own AI Skill to process specific document types.
    • Built-in Skill automation, connectors, and intelligent process assets.

    ElectroNeek is an Intelligent Automation Platform transforming business process management in enterprises by integrating AI bots with employee workflows, automating routines, and helping humans to focus on more creative and strategic tasks. ElectroNeek provides a wide range of exciting low-code automation tools based on RPA, IDP, AI and GPT-4 (Conversational and Generative) technologies.

    Sample Customers
    Fujitsu, Plustek, Samsung, Panasonic, M-files
    UFP, Clariant, Ricoh, FMBCapital, RePower
    Top Industries
    REVIEWERS
    Manufacturing Company25%
    Computer Software Company25%
    Financial Services Firm21%
    Recruiting/Hr Firm4%
    VISITORS READING REVIEWS
    Computer Software Company16%
    Financial Services Firm15%
    Manufacturing Company9%
    Comms Service Provider7%
    REVIEWERS
    Computer Software Company33%
    Financial Services Firm33%
    Comms Service Provider8%
    Outsourcing Company8%
    VISITORS READING REVIEWS
    Computer Software Company14%
    Comms Service Provider14%
    Manufacturing Company10%
    Financial Services Firm9%
    Company Size
    REVIEWERS
    Small Business26%
    Midsize Enterprise13%
    Large Enterprise62%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise13%
    Large Enterprise69%
    REVIEWERS
    Small Business41%
    Midsize Enterprise6%
    Large Enterprise53%
    VISITORS READING REVIEWS
    Small Business31%
    Midsize Enterprise17%
    Large Enterprise52%
    Buyer's Guide
    ABBYY Vantage vs. ElectroNeek
    March 2024
    Find out what your peers are saying about ABBYY Vantage vs. ElectroNeek and other solutions. Updated: March 2024.
    768,578 professionals have used our research since 2012.

    ABBYY Vantage is ranked 7th in Robotic Process Automation (RPA) with 46 reviews while ElectroNeek is ranked 20th in Robotic Process Automation (RPA) with 9 reviews. ABBYY Vantage is rated 8.0, while ElectroNeek is rated 7.4. 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 ElectroNeek writes "User-friendly, good UI, but does not work well with Microsoft Edge". ABBYY Vantage is most compared with UiPath Document Understanding, UiPath, Microsoft Power Automate, HyperScience and OpenText Intelligent Capture, whereas ElectroNeek is most compared with UiPath, Microsoft Power Automate, Robocorp and Automation Anywhere (AA). See our ABBYY Vantage vs. ElectroNeek report.

    See our list of best Robotic Process Automation (RPA) vendors, best Intelligent Document Processing (IDP) vendors, and best Robotic Process Automation (RPA) vendors.

    We monitor all Robotic Process Automation (RPA) 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.