Amazon Textract and OpenText Capture are competing products offering document data extraction solutions. Amazon Textract appears more favorable in terms of integration capabilities and flexibility, while OpenText Capture is recognized for its advanced processing features.
Features: Amazon Textract provides seamless integration with other AWS services, automatic data extraction, and suitability for structured data. OpenText Capture distinguishes itself with sophisticated data capture technology, support for complex document formats, and advanced workflow automation.
Ease of Deployment and Customer Service: Amazon Textract benefits from integration with AWS, simplifying deployment and providing comprehensive technical support through AWS resources. OpenText Capture offers a robust on-premises deployment option and dedicated service support, appealing to enterprises with specific deployment needs.
Pricing and ROI: Amazon Textract has a pay-as-you-go pricing model with significant ROI due to its scalable nature, making it cost-effective for organizations with fluctuating data volumes. OpenText Capture requires initial investment but delivers long-term value with its in-depth data management capabilities.
Amazon Textract is a service that automatically extracts text and data from scanned documents. Amazon Textract goes beyond simple optical character recognition (OCR) to also identify the contents of fields in forms and information stored in tables.
Many companies today extract data from documents and forms through manual data entry that’s slow and expensive or through simple optical character recognition (OCR) software that requires manual customization or configuration. Rules and workflows for each document and form often need to be hard-coded and updated with each change to the form or when dealing with multiple forms. If the form deviates from the rules, the output is often scrambled and unusable.
Amazon Textract overcomes these challenges by using machine learning to instantly “read” virtually any type of document to accurately extract text and data without the need for any manual effort or custom code. With Textract you can quickly automate document workflows, enabling you to process millions of document pages in hours. Once the information is captured, you can take action on it within your business applications to initiate next steps for a loan application or medical claims processing. Additionally, you can create smart search indexes, build automated approval workflows, and better maintain compliance with document archival rules by flagging data that may require redaction.
OpenText Capture leverages machine learning for effective document extraction and automated vendor invoice management, boasting powerful integration capabilities with CRM systems and an efficient OCR tool. Its platform supports API interaction for comprehensive document management.
OpenText Capture enhances document processing through accurate indexing with machine learning and efficient image capture via OCR, integrating data into systems like ECM and ERP. Users benefit from streamlined workflows, automating tasks such as extracting invoice data from scanned or emailed documents. Challenges include improving AI-driven document duplicate detection, OCR for lease abstraction, and the development of mobile capture features. Users seek a more user-friendly experience with lower licensing costs.
What are the key features of OpenText Capture?Industries rely on OpenText Capture for efficient document management in capturing vendor invoices and automating workflows. In real estate, OCR might be used for processing lease documents, streamlining property management. Finance sectors benefit from automated invoice handling, often integrating data with ERP systems for improved financial oversight.
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