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."Verification Station is valuable."
"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."
"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."
"It's easy to use."
"The solution responds well to automatic document classifications with a 90% success rate."
"The ability to extract and insert data, then structuralize it into the actionable format, would be the most valuable."
"It saves us a lot of manual work."
"The initial setup is not difficult. The vendor provides technical documents to assist with deployment."
"IQ Bot's best features are its variety of outputs and how it handles structured documents."
"PDF classification and basic data extraction are useful features."
"It offers a pretty simple setup process."
"IQ Bot's most valuable feature is data migration, including Word format and legacy document templates."
"The extraction feature is the most valuable one of IQ Bot."
"I can train all the instances and properly adjust, inject Python code to find entities, and so on, and so forth."
"IQ Bot has the capability to identify changes and remap its settings accordingly. It also has the ability to learn."
"The best feature is that we can extract data from an image. That's why Automation Anywhere implemented IQ Bot. Otherwise, you cannot extract data from an image. Nowadays, every industry is scanning invoices and uploading them to some website or storing them on some shared drive. IQ Bot can do data extraction from the PDF format and the JPG format."
"The solution needs more web or cloud-based development."
"The initial setup was relatively complex. The people who install it must be knowledgeable about what they are doing."
"We would like the workflow building within this solution to be more transparent, which would allow us to model the process."
"In IRISXtract, we can have master data, and we can set the master data. There are more options for taking any data and comparing it with master data. For a project, they have a dump from SAP for validation. This feature is there in ABBYY, but it is not extensive like IRISXtract. ABBYY is capturing the data, but there are not a lot of options to validate the captured data. It would be helpful if there are more options for validating the captured data in ABBYY FlexiCapture."
"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."
"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 are certain controls like radio buttons and checkboxes that when reading PDFs, really doesn't go well with the RPA."
"This solution could be improved by offering better integration with other platforms."
"We don't get any kind of technical support or training for IQ Bot. There's a total lack of communication from them."
"The success rate must be improved."
"There are issues with the technology identifying a signature."
"It would be helpful if the IQ Bot OCR could be integrated with third-party solutions like FlexiCapture."
"The price of IQ Bot, packaged with Automation Anywhere, is too expensive for some companies and they will not use it."
"The user should be able to update the data libraries."
"The first place it could be improved is its price - it is too high. I'm having a lot of difficulty moving it to the customers."
"It would be good if the solution could extract or capture details from unstructured data."
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, Microsoft Power Automate, HyperScience and IBM Datacap, whereas IQ Bot is most compared with UiPath Document Understanding and IBM Datacap. 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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