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Amazon Textract vs Strands Personal Financial Management comparison

 

Comparison Buyer's Guide

Executive Summary

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

Amazon Textract
Average Rating
7.2
Reviews Sentiment
6.1
Number of Reviews
4
Ranking in other categories
Intelligent Document Processing (IDP) (9th)
Strands Personal Financial ...
Average Rating
0.0
Number of Reviews
0
Ranking in other categories
Personalization Engines (13th)
 

Mindshare comparison

Amazon Textract and Strands Personal Financial Management aren’t in the same category and serve different purposes. Amazon Textract is designed for Intelligent Document Processing (IDP) and holds a mindshare of 3.9%, up 3.1% compared to last year.
Strands Personal Financial Management, on the other hand, focuses on Personalization Engines, holds 1.1% mindshare, down 1.8% since last year.
Intelligent Document Processing (IDP) Market Share Distribution
ProductMarket Share (%)
Amazon Textract3.9%
ABBYY Vantage10.6%
UiPath IXP9.8%
Other75.7%
Intelligent Document Processing (IDP)
Personalization Engines Market Share Distribution
ProductMarket Share (%)
Strands Personal Financial Management1.1%
SAS Customer Intelligence 36017.5%
Adobe Target10.6%
Other70.8%
Personalization Engines
 

Featured Reviews

SomdipRoy - PeerSpot reviewer
Have faced limitations due to integration complexity but have processed documents efficiently and reduced manual effort
Bedrock is basically a framework that can manage multiple large language models. Another useful tool is Amazon Textract which extracts text from documents. It helps with compliance because Amazon Textract itself doesn't store anything. When hundreds of documents are uploaded in an S3 bucket, the S3 bucket will store the documents, but Amazon Textract itself doesn't store anything. It pulls the contents of the documents and then passes them on to the next system, making it compliant. It helps in a great way by reducing the load on LLM and reducing the cost.
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Top Industries

By visitors reading reviews
Financial Services Firm
38%
Computer Software Company
9%
Manufacturing Company
7%
Government
6%
No data available
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
No data available
 

Questions from the Community

What is your experience regarding pricing and costs for Amazon Textract?
I did not think about the cost that much because we have to fulfill the customer's requirement. Whatever they demand, we do not think about cost at first. Whatever the cost involved, we will pay fo...
What needs improvement with Amazon Textract?
The main benefit of using Amazon Textract needs improvement, specifically when we extract the tabular data, it is very complicated to get its coordinate functions. We get the coordinates for child ...
What is your primary use case for Amazon Textract?
There was a use case for the healthcare domain where we have to process dental claims and EOB documents. For that document, we have to extract the information in the structured tabular format as we...
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Comparisons

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Also Known As

No data available
Strands PFM
 

Overview

 

Sample Customers

Cambia, Change Healthcare, ClearDATA
Commercial Bank Of Africa, BBVA, PostFinance, Banque Cantonale Vaudoise, Hello bank!, Fiducia, Allied Irish Banks, Turkish Economy Bank, Bank of Montreal, ING Netherlands
Find out what your peers are saying about ABBYY, UiPath, Automation Anywhere and others in Intelligent Document Processing (IDP). Updated: November 2025.
873,085 professionals have used our research since 2012.