AntWorks CMR+ vs IQ Bot comparison

AntWorks and Automation Anywhere are both solutions in the Intelligent Document Processing (IDP) category. AntWorks is ranked #20, while Automation Anywhere is ranked #4 with an average rating of 7.4. AntWorks holds a 1.3% mindshare in IDP, compared to Automation Anywhere’s 2.5% mindshare. Additionally, 100% of AntWorks users are willing to recommend the solution, compared to 88% of Automation Anywhere users who would recommend it.

AntWorks CMR+

Read 2 AntWorks CMR+ reviews

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137 Comparison Views

100% willing to recommend

IQ Bot

Read 50 IQ Bot reviews

2,943 Views
308 Comparison Views

88% willing to recommend

AntWorks CMR+

IQ Bot

Comparison Buyer's Guide

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Executive SummaryUpdated on Oct 10, 2024

AntWorks CMR+ and IQ Bot are competing in the automation industry, providing intelligent document processing solutions. AntWorks CMR+ has an edge in terms of pricing and customer support, making it more attractive for budget-conscious buyers. In contrast, IQ Bot delivers greater value for its cost by meeting more complex automation needs.

Features: AntWorks CMR+ offers advanced cognitive machine reading, comprehensive data extraction capabilities, and high accuracy in processing varied formats. IQ Bot provides exceptional document processing features, adaptability, and extensive customization options, supporting integration with existing systems.

Ease of Deployment and Customer Service: IQ Bot facilitates smooth integration with a streamlined deployment process, minimizing technical hurdles. AntWorks CMR+ requires more setup time but offers robust customer service, helping businesses during transitions.

Pricing and ROI: AntWorks CMR+ is favored for its attractive initial setup cost, benefiting organizations focusing on upfront investments. IQ Bot has higher initial costs but presents higher long-term ROI through efficient automation, appealing to businesses seeking sustainable results.

To learn more, read our detailed AntWorks CMR+ vs. IQ Bot Report (Updated: March 2025).

Buyer's Guide

AntWorks CMR+ vs. IQ Bot

March 2025

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Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Categories and Ranking

AntWorks CMR+

Ranking in Intelligent Document Processing (IDP)

20th

Average Rating

8.0

Number of Reviews

Ranking in other categories

No ranking in other categories

IQ Bot

Ranking in Intelligent Document Processing (IDP)

4th

Average Rating

7.6

Reviews Sentiment

7.6

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of April 2025, in the Intelligent Document Processing (IDP) category, the mindshare of AntWorks CMR+ is 1.3%, down from 1.5% compared to the previous year. The mindshare of IQ Bot is 2.5%, down from 4.3% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Intelligent Document Processing (IDP)

Featured Reviews

Rick Koo

Digital Technology Leader at Mercer

Leading-edge NLP capabilities, efficient training of machine learning models, and the automation saves us significant time

The machine learning capability is good. The algorithm helps us to get the right data with less training effort. The technology seems to be a little bit ahead of the standard NLP software. They use more pattern recognition, rather than basing everything on reading static text. The problem with relying on an unchanging text is that it can depend on things such as the formatting, and where things appear within a document. This solution can process complex formats, which is helpful for us because we get a lot of PDFs and they come in many different formats. As an example, a carrier might include a list of their rates in a table, whereas a different carrier will write their rates into a paragraph, and yet another will put them into some sort of graphic. If you only capture text then you will only capture part of that data. Pattern recognition ultimately helps us to circumvent the problems in dealing with format variability in documents and allows us to capture the right data. When it comes to predicting what it is that a document needs manual intervention, CMR Plus does it pretty well. They have a QA cycle that is usually able to highlight such data. The content recognition ability, in terms of giving us only the data that we need and nothing else, is pretty good. It has a positive effect on our efficiency and by extension, it impacts our infrastructure costs.

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Neethushree S

QA in RPA at Merck Group

User-friendly and code reusability feature for efficient utilization of existing code repositories

Building IQ bots is time-consuming. Initially, script-wise, it would take a lot of time and also the testing of testing part of it. Probably there might be something that has been advanced now, but I'm talking about before six months. Maybe there has been an enhancement, but during the time that we were working, the time that would take up to build the requirements initially would need a lot of time. In future releases, Automation Anywhere should promote this product more to make it more visible. It should be promoted to increase its visibility and awareness.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"Pattern recognition ultimately helps us to circumvent the problems in dealing with format variability in documents and allows us to capture the right data."

"The automation provided by this solution has saved us a lot of time."

"I can train all the instances and properly adjust, inject Python code to find entities, and so on, and so forth."

"PDF classification and basic data extraction are useful features."

"The extraction feature is the most valuable one of IQ Bot."

"The most valuable feature of IQ Bot is the Discovery Bots. They can detect and analyze for improvements."

"The initial setup is easy."

"IQ Bot uses AI technology to extract data from PDF files by analyzing and splitting a particular PDF file into separate groups."

"The efficiency with which it was able to categorize the different data types and the format."

"IQ Bot has the capability to identify changes and remap its settings accordingly. It also has the ability to learn."

More IQ Bot pros

Cons

"We would like to see the overall accuracy increase from approximately 70% to perhaps 85%."

"It would be very helpful to have a simple and extensive training guide, or training model, to help learn how to work with the product."

"The solution did not allow the use of other OCR and their own was not accurate and could improve."

"IQ Bot needs to scale up further because many other industry products that are capable of capturing handwritten information are doing much better. So, it would be better if IQ Bot spent more time on handwritten data extraction."

"This solution could be improved by making it possible to add handwriting and signatures."

"We face a few data extraction challenges when we use a huge data set with different formats."

"I've used versions 11 and 2019 of this solution. The problem with version 11 is integration. When you are using a conventional bot and you try to use IQ Bot development, you don't have a specific feature for integrating these two pieces or components of Automation Anywhere. I was seeing some issues while trying to, for example, send some PDF to an IQ Bot processor and get a response for that process. So, there is a problem with integrating the conventional task automation and IQ Bot in version 11. In contrast, version 2019 already has the integration feature, and we can easily integrate two components. There are some features that must be there in version 11 but are currently missing. There is no total control over some features in IQ Bot. Some variables cannot be parametrized when using IQ Bot directly. The AI features that IQ Bot has must be more open to being parameterized by the user. It would be good if Automation Anywhere exposed some parameters so that I can adjust them as a customer. This is an improvement that Automation Anywhere can do. I would like to see some features related to deep learning in the next releases of IQ Bot. These will be some interesting features to see."

"The percentage of accuracy is very low. When I put documents in IQ Bot and the document format gets changed, IQ Bot puts that in the validation queue. If you are uploading 100 documents, the IQ Bot accepts only 60 documents. 40% or 30% of documents go to the validation queue. Accuracy is way low. They need to improve their accuracy level. It should be at least 90%."

"There's still room for improvement in IQ Bot because sometimes, my team has certain types of PDFs that need to be grouped, for example, five types of videos need to be sorted to get data, but it was impossible to do in the solution. There's even an instance when I'm extracting data, for example, the invoice numbers, and I trained IQ Bot to do the extraction just for the invoice numbers, but it failed to do it. There could be some exceptions that the product developer is working on, but it could take time because sometimes IQ Bot works, and sometimes it doesn't, so the error isn't because of the developer. The error lies with the system. Another area for improvement in the solution is that during installation, it makes your machine drastically slow. It requires you to have RAM of 16 GB and a 500 GB hard disk, but that's still not enough. Slow downloading is also an area for improvement in IQ Bot because whenever you try to execute bots around 20MB to 100MB, for example, that will be downloaded from the cloud to local machines, and this process could take between seven to eight minutes, and this could be frustrating especially when you're trying to showcase it to a customer. Bot downloading into a local machine shouldn't be taking more than five minutes because it's embarrassing in front of clients. It's good that Automation Anywhere provides a cloud version for IQ Bot, but if you're unable to execute it fast, then that's not very good. I was working for one client in Brazil and there was a time I was showing the bot to them and it was taking around seven minutes to get downloaded on the local machine, and I even tried to connect with the support team, but that still didn't get me anywhere. If you're working on some code and you're executing a bot, you need to change one line and the bot will download completely, so it should be pipeline or SVN or Git. If you've downloaded a 50MB bot, you just change one variable name, but then you have to download the 50MB code again, and it makes you wonder why you need to download the complete code. You have to double-check if you already have the code in your folder, and why would you need to download it again. Only one line should be changed for the download time to decrease drastically, but right now, you need to be downloading the code completely, so if you're executing a 100MB bot fifty times, then that means it will be downloaded fifty times as well. IQ Bot is not a straightforward solution, so my team is struggling with it. Currently, my company has been doing some R&D about the solution, and it has several main problems that need to be addressed. What I'd like to see in the next version of the solution is support for unstructured PDFs because currently, it's a very good solution for structured PDFs."

"The first place it could be improved is its price - it is too high. I'm having a lot of difficulty moving it to the customers."

More IQ Bot cons

Pricing and Cost Advice

"The pricing is really good, and it's based on usage."

"The cost can be high."

"The solution is cost-effective compared to other market tools."

"The product cost is relatively high compared to other tools in the market."

"I feel that the price of IQ Bot could be lower."

"The pricing is complicated but I wouldn't say that they are expensive."

"IQ Bot is expensive compared to other solutions."

"It is based on the stages and on a yearly basis."

"It's expensive."

More IQ Bot pricing and cost advice

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Top Industries

By visitors reading reviews

Financial Services Firm

18%

Government

10%

Manufacturing Company

University

Computer Software Company

15%

Manufacturing Company

12%

Financial Services Firm

Government

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

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When evaluating Robotic Process Automation, what aspect do you think is the most important to look for?

My answer is going to a bit different as I am a business user with limited programming skills 1. Software costs including recurring fees are very important. Automation Anywhere wants to charge a ...

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What do you like most about IQ Bot?

IQ Bot is relatively easy to use and develop.

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What is your experience regarding pricing and costs for IQ Bot?

Pricing is a significant concern as IQ Bot is costly. The competition, particularly with hyperscalers like Azure ( /products/microsoft-azure-reviews ) and AWS ( /products/amazon-aws-reviews ), offe...

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Comparisons

ABBYY Vantage vs AntWorks CMR+

Compared 100% of the time

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UiPath Document Understanding vs IQ Bot

Compared 58% of the time

ABBYY Vantage vs IQ Bot

Compared 42% of the time

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Product Reports

Buyer's Guide

Intelligent Document Processing (IDP)

March 2025

Download AntWorks CMR+ product report

Buyer's Guide

IQ Bot

April 2025

Download IQ Bot product report

Also Known As

ANTstein

No data available

Overview

CMR+ combines AI technologies like Deep Learning, Natural Language Processing (NLP), Machine Vision, and Machine Learning (ML) to pre-process, classify, extract, and validate all data types.

AntWorks

What is IQ Bot?

IQ Bot is a leading, highly-regarded next-generation Intelligent Document Processing (IDP) solution and part of Automation Anywhere, which is the industry leader in the Robotic Process Automation (RPA) marketplace.

IQ Bot utilizes various AI technologies, such as fuzzy logic, machine learning ( ML), computer vision, optical character recognition (OCR), and natural language processing (NLP) coupled with the strength of RPA to instantly identify, export, and authenticate information from various business documents, such as emails, invoices, receipts, charts, and more. This process is known as Intelligent Document Processing (IDP). IDP is an integral part of today’s business process. IDP and RPA work together to create an effective necessary tool to fully automate and streamline enterprise business processes.

The basic functions of an effective IDP solution are as follows:

Initialization: Business documents generally have varying levels of quality, which can have adverse effects on the data extraction process. Initialization will take appropriate steps to ensure documents are “repaired” by utilizing various methods to improve the overall document quality.
Categorization: Often, business documents contain numerous pages with several different types of documents, such as invoices, receipts, applications, etc. These all need to be properly categorized and classified.
Extraction: Generally, an IDP solution has pre-set protocol templates that can be populated with the exact field for extraction. The appropriate information is extracted from the documents and then the accuracy of the extracted information is confirmed.
Post-Processing: The final step sends the data through a process of protocol checks to help improve the overall AI procedures and improve future results. These could be automated processes or human interaction to better facilitate continued learning and improved processes as time goes on.

IQ Bot is an intuitive, intelligent, next-gen bot solution that uses multiple cognitive capabilities and is able to learn easily and rapidly from human behavior to become faster and incredibly accurate with every progressive cycle. IQ Bot integrates well with other third-party cognitive solutions, like Watson. With effective training, IQ Bot can also accurately recognize handwritten documents. IQ Bot is very easy to configure and is extremely cost-effective. Finally, IQ Bot has both on-premises and cloud options for flexible seamless deployment, lower TCO, and a quickly realized ROI. IQ Bot is the intelligent digital workforce solution for today’s enterprise business needs.

Reviews from Real Users

Vikas K., CFO at Travel Food Services ltd, relates, "The extraction feature is the most valuable one of IQ Bot."

Celestine, Director Intelligent Automation at a tech services company, tells us, "The ability to train itself is a good, valuable feature. It is one of the most stable RPA products at present. Installation is easy for IQ Bot, and they provide good technical support."

German C., PMO Manager (Peruvian Branch) at Globalhitss, says, "It is very easy to set up and use this tool to get information from documents. It can get the information about the purchase order number, average, description of purchase orders in several formats without any problem."

Automation Anywhere

Sample Customers

Information Not Available

Synergy

Buyer's Guide

AntWorks CMR+ vs. IQ Bot

March 2025

Free Report: AntWorks CMR+ vs. IQ Bot

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