StatementConverter vs ABBYY FlexiCapture
Instant deployment, lower cost, and no templates—vs weeks of setup and expensive licensing.
Why Organizations Choose StatementConverter Over ABBYY
Enterprise-grade results without enterprise complexity
0 setup
vs 2–6 weeks
No templates. No configuration.
$29/mo
vs $2000+ licensing
No setup fees or IT overhead.
Fully managed
vs ongoing maintenance
No IT resources required.
Setup & Implementation Comparison
Why StatementConverter eliminates months of complexity
Time to value: 2 minutes
No templates. No technical setup.
Total Time: 2-6 weeks
Requires IT expertise & consultants
Complete Feature Comparison
Enterprise capabilities without enterprise complexity
| Feature | StatementConverterRecommended | ABBYY FlexiCapture |
|---|---|---|
Processing Speed | 387ms average | 2-4 seconds |
Accuracy Rate | 99.3% | 88-94% |
Processing Time (10 pages) | 3.87 seconds | 20-40 seconds |
SOC 2 Type II Compliance | ||
GDPR Compliance | ||
Zero Data Retention | ||
End-to-End Encryption | ||
QuickBooks Direct Export | ||
Xero Integration | ||
API Access | Complex | |
Webhook Support | Custom dev required | |
Free Tier Available | ||
Professional Plan | $29/month | $2000+ licensing |
Setup Fees | $0 | $5000-15000 |
Per-Document Pricing | Custom pricing | |
Setup Complexity | Zero setup required | Weeks of configuration |
Technical Expertise Required | ||
Maintenance Overhead | Fully managed | Significant IT resources |
Total Cost of Ownership Analysis
Real costs over 3 years for processing 1000 statements monthly
Save $44,956 over 3 years
97.7% cost reduction with StatementConverter
When to Choose StatementConverter Over ABBYY
Common scenarios where StatementConverter delivers superior value
Can't wait 2-6 weeks for ABBYY setup? StatementConverter delivers enterprise-grade processing instantly with zero configuration required.
Time to First Process
StatementConverter: 2 minutes
ABBYY FlexiCapture: 2-6 weeks
Need enterprise capabilities without enterprise budgets? Get the same processing quality at 97% lower cost than ABBYY.
First Year Investment
StatementConverter: $348
ABBYY: $15,000-25,000
Don't have dedicated IT staff for ABBYY maintenance? StatementConverter is fully managed with zero IT overhead required.
IT Requirements
StatementConverter: None
ABBYY: Dedicated IT staff
Need the same security as ABBYY without the complexity? Get SOC 2 compliance and bank‑grade security with zero configuration.
Security Setup
StatementConverter: Built-in
ABBYY: Complex configuration
Frequently Asked Questions
Common questions about switching from ABBYY FlexiCapture to StatementConverter
Still have questions about migrating from ABBYY FlexiCapture?
Contact our migration specialists →Get Enterprise Results Without Enterprise Complexity
Start processing statements today with the same accuracy as ABBYY FlexiCapture but without the months of setup and massive costs.
Enterprise Migration Program
Special program for organizations migrating from ABBYY FlexiCapture. Get dedicated implementation support, custom enterprise features, and volume pricing.
Enterprise features available • Volume discounts • Dedicated support