ABBYY FineReader vs Hubdoc

Likelihood to Recommend

It works exceptionally well for digitizing paper and scanned documents for storage and simple retrieval mainly thanks to OCR technology, which greatly simplifies the process. If there is a need for protection and/or signing scanned documents than ABBYY FineReader has all the necessary features implemented. It may not be the best choice for individuals, where advanced functionalities are not really needed.

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Verified User

Employee in Information Technology

Information Technology and Services Company, 10,001+ employees

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If you're looking to automate categorization of expenses and help avoid human error, this is a good option. It takes a bit of dialing in at the onset but afterwards can be set to work very well on its own. Splitting invoices and other customizations was helpful in cases of large complicated invoices.

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Ian Hansen

Client Success Manager

Philantech3Information Technology and Services, 1-10 employees

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Pros

Read and analyze complicated documents
Automatically recognize tables and charts
Convert any documents into various common formats

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Verified User

Director in Marketing

Marketing & Advertising Company, 1-10 employees

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Extracts data from documents both from a feed and a scan really quick.
Availability of automated feeds directly from the supplier.
Integration with accounting software e.g. Xero (now owned by them) and QBO.
Ability to auto-archive to many different cloud storage locations such as Google Drive and ShareFile.

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Alvin Landicho

Cloud Integration Consultant

Axle CloudInformation Technology & Services, 1-10 employees

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Cons

Conversion to MS Word (formatting accuracy issues occur)
Conversion to MS Excel (formatting accuracy issues occur)

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Verified User

Employee in Legal

Law Practice Company, 11-50 employees

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Although it is great that they can automatically get bank statements and transactions once linked, these links have been very unreliable historically.
Figuring out how to set up the automatic feed is cumbersome. You can land up being inundated with useless transaction data.
you have to upload each document separately. The program cannot differentiate/split PDFs.

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Andrew Newman CPA

Owner

Newman AssociatesAccounting, 1-10 employees

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Pricing Details

General

Free Trial

Yes

Free/Freemium Version

—

Premium Consulting/Integration Services

—

Entry-level set up fee?

No

Starting Price

$19 per month per user

ABBYY FineReader Editions & Modules

Edition

FineReader PDF 15 Standard	$19¹
FineReader PDF 15 Corporate	$24¹
FineReader Pro for Mac	$69²

per month per user
per year per user

Additional Pricing Details

—

General

Free Trial

—

Free/Freemium Version

—

Premium Consulting/Integration Services

—

Entry-level set up fee?

No

Starting Price

$12 per month

Hubdoc Editions & Modules

Edition

Starting Price	$12.00¹

per month

Additional Pricing Details

—

Support Rating

No score

No answers yet

No answers on this topic

Hubdoc 4.3

Based on 5 answers

At the time we implemented Hubdoc (more than 2 years ago) it was quite cutting edge and did have strong advances from the competition plus its pricing was definitely more competitive (flat rate vs price per data extraction model). However, currently the competition has caught up and now many of Hubdoc's core features are being built into online accounting software natively.

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Alvin Landicho

Cloud Integration Consultant

Axle CloudInformation Technology & Services, 1-10 employees

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Alternatives Considered

Although both have functionalities that they share, in ABBYY FineReader they are better implemented, they have a better performance, in addition to being a more intuitive and simple user that makes their learning curve relatively simple, it is as if the options I need are always available. the hand and not within complicated menus or overloaded interfaces

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Moris Mendez

Ing. de Sistemas Informaticos

Corte Suprema de JusticiaGovernment Administration, 5001-10,000 employees

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I don't have hands-on experience with any of the other software I mentioned. I have done a good deal of research with them, but did not find any particularly compelling reasons why they were better. The real reason I selected Hubdoc was because they offered a free, no-strings-attached lifetime account for QuickBooks ProAdvisors. Had they not offered that, I would not have tried it or been writing this review. Great job on the partner program, Hubdoc!

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Verified User

Professional in Finance and Accounting

Accounting Company, 1-10 employees

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Return on Investment

Automated document conversion using Hot Folder heavily reduced workload [for] our IT Support department.
The amount of storage required for digitized paper documents has been reduced by 30%.
Ability to compare multilingual documents has increased productivity of our multinational departments.

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Verified User

Employee in Information Technology

Information Technology and Services Company, 10,001+ employees

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It made our scheduling more reliable because we have the documents we need more quickly
We have less annoying client contacts where we were traditionally constantly bugging them to send us documents
It has made the bill input process much more efficient, saving us time

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Jason Ackerman

Supervisor

Wagner Ferber Fine & Ackerman, PLLCAccounting, 11-50 employees

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ABBYY FineReader vs Hubdoc