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Automation Hero vs IQ Bot comparison

 

Comparison Buyer's Guide

Executive Summary

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

Automation Hero
Ranking in Intelligent Document Processing (IDP)
24th
Average Rating
7.0
Number of Reviews
1
Ranking in other categories
No ranking in other categories
IQ Bot
Ranking in Intelligent Document Processing (IDP)
3rd
Average Rating
7.6
Reviews Sentiment
8.0
Number of Reviews
49
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of February 2025, in the Intelligent Document Processing (IDP) category, the mindshare of Automation Hero is 0.3%, down from 0.8% compared to the previous year. The mindshare of IQ Bot is 2.5%, down from 5.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Intelligent Document Processing (IDP)
 

Featured Reviews

AK
Good dashboard with easy tracking feature; lacks sufficient templates
Our use case of this product is for invoice processing. We tested it on a small project to get a comparison with UiPath. I am a user of this product and an intern in the company.  It's great that the solution doesn't require coding. If you input an invoice, it reads all the fields automatically…
Neethushree S - PeerSpot reviewer
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.

Quotes from Members

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

Pros

"Dashboard is good and the product doesn't require coding."
"PDF classification and basic data extraction are useful features."
"Good templates means that all basics are pre-defined."
"IQ Bot's best features are its variety of outputs and how it handles structured documents."
"IQ Bot has the capability to identify changes and remap its settings accordingly. It also has the ability to learn."
"The valuable feature of IQ Bot is the AI functionality."
"IQ Bot has the ability to easily capture objects. The latest version is far ahead of the competition. Most of the features are excellent, valuable, and easy to handle."
"The most valuable feature of IQ Bot is that any user can customize it on their own, and they don't need to get in touch with Automation Anywhere."
"Extracting information from 500,000 invoices manually is difficult. IQ Bot automates the task and helps us summarize the data and provide it to the auditors."
 

Cons

"Lacks sufficient keywords and templates."
"I would like love to see pre-trained models based on industries."
"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%."
"It should be easier to install and configure. We had some issues during the initial setup, and we are resolving them with the help of their support. Its initial setup is complex. Their web pages are not really structured. Because they have multiple products that are more or less similar, it is sometimes hard to understand which documentation you're actually reading and using. Their documentation and web pages should be structured in a better way. In terms of new features, it is a little too early to provide inputs. I need more real business cases to see what is lacking. We haven't yet got those. We are currently testing it from a technical point of view."
"The solution's predictive model can be improved in terms of accuracy."
"IQ Bot uses an API OCR engine. At times, they can't accommodate some text in Korean. Also, Korean characters are not cognitive at times."
"It would be helpful if the solution was better at reading handwriting. It needs better handwriting recognition."
"I think the problem is usually tuning it up, and trying to get the best performance — that takes some time."
"There should be built-in or native intelligent processing capabilities."
 

Pricing and Cost Advice

Information not available
"I feel that the price of IQ Bot could be lower."
"The solution’s hardware cost is high."
"The package that includes Automation Anywhere and IQ Bot starts at $10,000 USD."
"It's expensive."
"The product cost is relatively high compared to other tools in the market."
"Pricing is highly confidential because it is something that can be negotiated."
"IQ Bot is expensive compared to other solutions."
"With the Cloud, the price goes up and down. You only pay for what you use."
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Top Industries

By visitors reading reviews
No data available
Computer Software Company
17%
Manufacturing Company
12%
Financial Services Firm
8%
Educational Organization
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

Ask a question
Earn 20 points
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 ...
What do you like most about IQ Bot?
IQ Bot is relatively easy to use and develop.
What is your experience regarding pricing and costs for IQ Bot?
The product cost is relatively high compared to other tools in the market. I rate the pricing a five out of ten.
 

Comparisons

No data available
 

Overview

 

Sample Customers

Information Not Available
Synergy
Find out what your peers are saying about ABBYY, UiPath, Automation Anywhere and others in Intelligent Document Processing (IDP). Updated: January 2025.
832,138 professionals have used our research since 2012.