ABBYY FlexiCapture vs. Plate IQ

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
ABBYY FlexiCapture
Score 7.9 out of 10
N/A
ABBYY FlexiCapture is an Intelligent Document Processing platform that aims to bring together NLP, machine learning, and recognition capabilities into a single, enterprise-scale platform to handle every type of document, from simple forms to complex free-form documents, and every job size, from ad hoc single documents to large batch jobs requiring tough SLAs. Orchestrating the process from acquisition to delivery, FlexiCapture feeds content-driven business applications such as RPA and BPM, to…
$29.99
per month
Plate IQ
Score 5.4 out of 10
N/A
Plate IQ is an automated accounts payable platform.N/A
Pricing
ABBYY FlexiCapturePlate IQ
Editions & Modules
500 Pages
$29.99
per month
2,000 Pages
$99.99
per month
5,000 Pages
$199.99
per month
10,000 Pages
$299.99
per month
No answers on this topic
Offerings
Pricing Offerings
ABBYY FlexiCapturePlate IQ
Free Trial
NoNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsConact vendor for pricing information.
More Pricing Information
Community Pulse
ABBYY FlexiCapturePlate IQ
Top Pros

No answers on this topic

Top Cons
Features
ABBYY FlexiCapturePlate IQ
Payment Management
Comparison of Payment Management features of Product A and Product B
ABBYY FlexiCapture
-
Ratings
Plate IQ
2.6
2 Ratings
85% below category average
Customizable Approval Policies00 Ratings2.82 Ratings
Financial Document Management00 Ratings1.02 Ratings
Payment Status Tracking00 Ratings2.62 Ratings
Payment Audit Trail00 Ratings3.02 Ratings
Duplicate Bill Detection00 Ratings2.82 Ratings
Advanced OCR00 Ratings3.02 Ratings
Electronic Funds Transfer00 Ratings2.82 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
ABBYY FlexiCapture
-
Ratings
Plate IQ
2.3
2 Ratings
87% below category average
Automated Accounts Payable Processes00 Ratings2.82 Ratings
Vendor Management00 Ratings2.62 Ratings
Tax Form Preparation00 Ratings1.52 Ratings
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User Ratings
ABBYY FlexiCapturePlate IQ
Likelihood to Recommend
7.8
(2 ratings)
5.3
(3 ratings)
Support Rating
-
(0 ratings)
9.0
(1 ratings)
User Testimonials
ABBYY FlexiCapturePlate IQ
Likelihood to Recommend
ABBYY
It is well suited for unstructured documents and automates the scanning operations where users are scanning thousands of documents on a daily basis and process them in the existing line of business application, or it is well suited for the RPA operations where ABBYY FlexiCapture extracts the output of extracted data in Excel, CSV or XML, and RPA applications parse those data and take it into other applications.
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Plate IQ
It is well targeted at restaurants and similar service organizations with complex COGS. It dovetails well with complementary systems like FinTech payments. It wasn't designed by accountants, so there is a bit of roughness. Reporting is very limited: would like to see some SQL / build your own report functionality. Lookups are reasonably robust (filter for amount, time, vendor, etc). It is occasionally unstable but recovers gracefully. From our use case, it would be preferable to have the user approving the invoice ALSO have the ability to attach documents. This is left to the payment approver, who in our case is the "check signer".
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Pros
ABBYY
  • Integration with workflow tolls
  • Auto data extraction
  • Business rule setup
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Plate IQ
  • OCR
  • Workflow
  • Support
Read full review
Cons
ABBYY
  • Although the back-end of the application is very strong, if it can have a visual workflow for defining tasks like scanning, verification and etc., it will be better.
  • Reporting feature should be enhance more on web
  • Although the result of Arabic Text extraction is very good in ABBYY, if they can focus more on different types of Arabic Fonts, it will be better
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Plate IQ
  • Provide better analytics in terms of cost increases per item.
  • Provide the ability to create recipes and forward price increases to those recipes for accurate food cost projections.
  • Free Bill Pay
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Support Rating
ABBYY
No answers on this topic
Plate IQ
They have a dedicated support person for each customer who actually knows the product.
Turnaround is usually within an hour or faster.
Read full review
Alternatives Considered
ABBYY
License is cheap w.r.t to IQ BOT More flexibility in terms of custom development Can be used as independent process
Read full review
Plate IQ
We used DocuWare first; great experience; however, it was not made specifically for restaurant clients like Plate IQ is. Plate IQ does a much better job of recognizing common items, and they've continued to add a function that is important for restaurant owners. Restaurant 365, we felt, was trying to be a complete package of accounting/AP/AR/inventory. After looking at each piece, we didn't feel that each of them was as strong as the other.
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Return on Investment
ABBYY
  • It has eased the scanning operation and reduced the overall time
  • Automatic indexing created the good impacted on ROI
  • But it only required the specialized IT Admin to maintain the system
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Plate IQ
  • In my opinion, it has had zero impact on ROI now that we are paying for an additional year.
  • Another negative is that we've spent a lot of time discussing this issue with Plate IQ, to no avail. They feel it's appropriate to charge a company for an entire year of service even though said company emailed to cancel prior to the end of the first year of service.
  • We also wasted a lot of time onboarding this company only to find out that the software left a lot to be desired.
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ScreenShots