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Amazon Textract VS FactWise.io

Compare Amazon Textract VS FactWise.io and see what are their differences

Amazon Textract logo Amazon Textract

Easily extract text and data from virtually any document using Amazon Textract. Textract goes beyond simple optical character recognition (OCR) to also identify the contents of fields in forms and information stored in tables.

FactWise.io logo FactWise.io

FactWise S2P optimizes procurement for product manufacturing companies globally. The platform provides transparency and insights to leaders, automates processes to improve efficiency, and drives bottom-line impact by unlocking savings potential.
  • Amazon Textract Landing page
    Landing page //
    2023-04-13
  • FactWise.io Landing page
    Landing page //
    2023-08-17

Our singular focus is to create a truly distinctive procurement platform that delights users and provides sustainable positive impact to the organizations we serve. We achieve this by providing transparency and insights to leaders, streamlining and automating processes to improve efficiency, and driving bottom-line impact by unlocking savings potential.
FactWise S2P is modular, and accounts for batch production, goods receival workflows and quality checks. Our current users find it very intuitive and efficient (create Rfxs <1min) and love the dynamic and historic insights into supplier performance it offers. Teams can start using FactWise with their data immediately, and if required, we can seamlessly integrate with ERP or other systems within the month. We are committed to generating win-win outcomes for buyers and suppliers globally.

FactWise serves global product manufacturing companies and private equities.

Amazon Textract features and specs

No features have been listed yet.

FactWise.io features and specs

  • Smart Supplier Recommendations: Obtain holistic supplier performance metrics and discover diverse, verified suppliers to negotiate win-win outcomes.
  • Customized Analytics : Receive dynamic and historic insights in a visually rich interface with graphs, heat maps and more, and customize your reports with just a few clicks.
  • Effortless RfX Creation : Create RfX in less than a minute with minimized dependence on Excel and receive smart warnings for concerns such as item duplication, price discrepancies.
  • AI Powered Negotiations : Optimize your TCO, negotiate with just 3 clicks, and quickly identify the most suitable vendor using smart filters and historic vendor performance data.
  • End-to-End Goods : Perform goods receival in less than a minute, perform unlimited quality checks, and update stakeholders with ease.
  • Seamless Payments : Automate three way matching to reduce errors, maximize DPO with smart notifications indicating due payments, and ensure you never overpay on purchase orders.

Amazon Textract videos

Amazon Textract: First Look

More videos:

  • Review - AWS re:Invent 2018 – Announcing Amazon Textract
  • Review - Introducing Amazon Textract: Now in Preview

FactWise.io videos

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Category Popularity

0-100% (relative to Amazon Textract and FactWise.io)
OCR
100 100%
0% 0
Procurement And Purchasing
Image Recognition
100 100%
0% 0
Procurement
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Amazon Textract and FactWise.io

Amazon Textract Reviews

2019 Examples to Compare OCR Services: Amazon Textract/Rekognition vs Google Vision vs Microsoft Cognitive Services
Pricing: Amazon Rekognition, Amazon Textract, Google, Microsoft. We don't really care which one you use, but Microsoft did best by our sample data. Textract was a very close second if you only need its headline feature: extracting text from digital documents. If someone wants to email bill -at- amplenote.com with comparable data for other images/services, I can try to...

FactWise.io Reviews

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Social recommendations and mentions

Based on our record, Amazon Textract seems to be more popular. It has been mentiond 35 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Amazon Textract mentions (35)

  • Ask HN: How to OCR a PDF and preserve whitespace?
    Did you try textract? https://aws.amazon.com/textract/ In my experience it works amazingly well with columns / tabulated content. - Source: Hacker News / 22 days ago
  • Classifying and Extracting Data using Amazon Textract
    Amazon Textract has an Analyze Lending API for evaluating and categorizing the documents contained in mortgage loan application packages, as well as extracting the data they contain. The new API can assist in processing applications quicker and with minimal errors, therefore improving the end-customer experience and lowering operational costs. - Source: dev.to / 5 months ago
  • Ask HN: OCR for 100 year old (German) handwritten cursive script?
    You could try something like https://aws.amazon.com/textract/ or https://cloud.google.com/vision/docs/handwriting. Both have support for modern handwriting. I don't know if it will work with a script written a century ago though. - Source: Hacker News / 6 months ago
  • Deploy and Test AWS Step Functions with Node.js
    Create a main.js file inside the look-for-github-profile-step project folder. Implement the code that parses the resume and plucks the GitHub profile URL. This step function is responsible for using Textract (an AI service from AWS) and passing state back to the state machine. - Source: dev.to / 9 months ago
  • Automate invoice processing using AWS Textract
    The primary challenge in processing invoices is extracting the relevant data. This is where Amazon Textract can help. It is a service provided by Amazon Web Services (AWS) that uses advanced Machine Learning (ML) algorithms to automatically extract structured and unstructured data from scanned documents, images, and PDF files. It can detect typed and handwritten text in different types of documents including... - Source: dev.to / 10 months ago
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FactWise.io mentions (0)

We have not tracked any mentions of FactWise.io yet. Tracking of FactWise.io recommendations started around Aug 2022.

What are some alternatives?

When comparing Amazon Textract and FactWise.io, you can also consider the following products

DocParser - Extract data from PDF files & automate your workflow with our reliable document parsing software. Convert PDF files to Excel, JSON or update apps with webhooks.

Zumen - Zumen's Source-to-Pay solution redefines procurement processes with a data-driven and strategic approach.

Nanonets OCR - Intelligent text extraction using OCR and deep learning

Zycus Procure-to-Pay Solution - Zycus' Next Generation Procure-to-Pay Solution acts as a GPS for your P2P process. The P2P solution provides: Easy-to-use: Amazon-like shopping interface & Google-type search engine + Guided buying.

ABBYY FineReader - ABBYY's latest PDF editor software, FineReader 16 you can easily convert files like PDF to Excel, PDF to Word, edit, share, collaborate & more with this PDF editor!

DOKKA.com - The Future has Arrived: Accounting Process Automation