IBM Datacap and Ephesoft Transact are competitors in the document capture and processing market. Ephesoft Transact appears to have the upper hand due to its advanced features and agile deployment options, which make it especially suitable for various applications.
Features: IBM Datacap provides enterprise-level automation, integration capabilities, and robust support for complex environments. Ephesoft Transact offers advanced machine learning, cloud capabilities, and strong adaptability, making it more innovative for diverse applications.
Ease of Deployment and Customer Service: IBM Datacap deployment can be complex, requiring dedicated resources but is backed by solid customer support. Ephesoft Transact's cloud-based deployment simplifies the setup process, with responsive support facilitating smoother operations. Ephesoft's less complex deployment model allows for quicker implementation.
Pricing and ROI: IBM Datacap's upfront costs may be higher, providing favorable long-term ROI particularly in large-scale operations. Ephesoft Transact delivers competitive pricing with faster ROI, appealing for small to medium businesses seeking cost-efficiency. Ephesoft's cost-effective approach is attractive to those with budget constraints.
| Product | Market Share (%) |
|---|---|
| IBM Datacap | 3.4% |
| Ephesoft Transact | 2.3% |
| Other | 94.3% |
| Company Size | Count |
|---|---|
| Small Business | 12 |
| Midsize Enterprise | 4 |
| Large Enterprise | 12 |
Ephesoft provides intelligent document processing solutions with industry-leading technology to help enterprises maximize their productivity. Using AI and patented machine learning technology, Ephesoft’s platform captures data from documents, enriches it with context and amplifies the power of that data, adding intelligence to accelerate any business process and drive successful digital transformation. Once the data is unlocked, Ephesoft classifies it and easily export the data into any ERP, Content Services, RPA, Workflow or other repository.
Customers who have a high volume of valuable documents like invoices, records, contracts, mail, claims or loans, can benefit by accelerating and streamlining processes, eliminating manual data entry and boosting productivity. It’s time to automate your processes and get work done faster.
IBM Datacap helps you streamline the capture, recognition and classification of business documents and extract important information. Datacap supports multiple-channel capture by processing paper documents on scanners, mobile devices, multi-function peripherals and fax. It uses natural language processing, text analytics and machine learning technologies, like those in IBM Watson, to automatically identify, classify and extract content from unstructured or variable documents. The software can reduce labor and paper costs, deliver meaningful information and support faster decision making.
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