IQ Bot vs UiPath Document Understanding comparison

Automation Anywhere and UiPath are both solutions in the Intelligent Document Processing (IDP) category. Automation Anywhere is ranked #4 with an average rating of 7.4, while UiPath is ranked #2 with an average rating of 8.1. Automation Anywhere holds a 2.5% mindshare in IDP, compared to UiPath’s 14.2% mindshare. Additionally, 88% of Automation Anywhere users are willing to recommend the solution, compared to 93% of UiPath users who would recommend it.

IQ Bot

Read 50 IQ Bot reviews

2,943 Views
308 Comparison Views

88% willing to recommend

UiPath Document Understanding

Read 51 UiPath Document Understanding reviews

2,591 Views
1,147 Comparison Views

93% willing to recommend

IQ Bot

UiPath Document Understanding

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Executive SummaryUpdated on Oct 10, 2024

IQ Bot and UiPath Document Understanding compete in the field of AI-driven data extraction and automation. Based on feature comparisons, IQ Bot has an advantage in handling complex tasks without external solutions, while UiPath Document Understanding is noted for its effective structured document processing and machine learning integration.

Features: IQ Bot provides cognitive abilities that allow for AI-driven data extraction and extensive customization through scripting, robust OCR capabilities, and flexible deployment options. UiPath Document Understanding offers machine learning features, efficient handling of structured and semi-structured documents, and solutions like table extraction and signature detection.

Room for Improvement: IQ Bot's areas of improvement include high pricing, complexity, and the need for better support for handwritten documents. Users also desire improved adaptability to unstructured data. UiPath Document Understanding could enhance its affordability for smaller firms and simplify machine learning integration, as well as improve support for handwritten document handling and clarity in user documentation.

Ease of Deployment and Customer Service: IQ Bot offers versatile deployment options, supporting both cloud and on-premises setups, but faces criticism for customer service responsiveness. UiPath Document Understanding, focusing primarily on cloud deployment, has been praised for its strong customer support and effective problem resolution.

Pricing and ROI: IQ Bot is considered expensive with a complex pricing model, although it typically delivers ROI once implemented. However, its cost compared to competitors can be a barrier. UiPath Document Understanding also incurs high costs, particularly for premium tiers, though users value its pricing flexibility and acknowledge its positive ROI due to efficient document processing.

To learn more, read our detailed IQ Bot vs. UiPath Document Understanding Report (Updated: March 2025).

Buyer's Guide

IQ Bot vs. UiPath Document Understanding

March 2025

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Helped 845,040 peers since 2012

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

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

UiPath Document Understanding

Ranking in Intelligent Document Processing (IDP)

2nd

Average Rating

8.2

Reviews Sentiment

7.2

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 IQ Bot is 2.5%, down from 4.3% compared to the previous year. The mindshare of UiPath Document Understanding is 14.2%, up from 11.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Intelligent Document Processing (IDP)

Featured Reviews

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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ManinderSodhi

Global Director IT at a engineering company with 10,001+ employees

The solution can process a large volume of invoices with a high success rate and little human validation

We are working with 40,000 different vendor templates. Document Understanding can understand and process various formats without much manual effort to configure the templates. That wasn't the case when we were using Microsoft. UiPath can read handwritten signatures with a success rate of around 70 percent. We've even processed pay slips in German. The language translations are around 90 percent accurate. The AI/ML component offers great flexibility in creating custom models. Its built-in models are also highly mature. The integration is seamless. We have RPA talking between our ERP systems and sharing information on the UiPath cloud.

Read full review

Quotes from Members

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

Pros

"The most valuable feature is the ease of use and the new feature that makes it possible to integrate the platform with Google."

"IQ Bot efficiently extracts invoice data from various types of PDFs."

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

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

"The ease that it provides in extracting vendor invoices, without having to configure them, was the reason for which we had gone with a solution."

"IQ Bot is quite user-friendly. And the drag-and-drop option is there, which makes the developer more comfortable."

"IQ Bot is easy to use compared to some of the other solutions out there."

"Training the model is very simple with IQ Bot's technology. It requires providing several examples of the type of document you want to evaluate. IQ Bot already has a built-in taxonomy, which is like a dictionary of elements commonly found in certain types of documents. For example, when evaluating an invoice, you will find elements, such as "total," "item descriptions," and "shipped to." This pre-existing taxonomy greatly speeds up the training process as it provides a starting point and structure, rather than starting from scratch."

More IQ Bot pros

"The prebuilt algorithm for extracting foreign invoices is the most valuable feature because it eliminates the need for us to build anything from scratch."

"It shortens the time of extracting data by 70 to 80%."

"In UiPath Document Understanding, I use two extractors. One is the Intelligent Form Extractor and the other is the Machine Learning Extractor. The first one is very useful and user-friendly. When we have a single template or two to three templates, Intelligent Form Extractor is much easier to use. But if we have multiple templates, it's better to go with ML Extractor as you can train the model with different templates."

"This solution has played a significant role in drastically reducing human errors by ensuring that 95% to 98% of tasks are done through the system."

"It's helped us free up time for other staff projects."

"UiPath Document Understanding offers valuable features like Arabic language support, which is crucial for effective communication and automation in the Arabic-speaking world."

"I found UiPath Document Understanding helpful in automating different types of processes. One process can be split into multiple processes or sub-processes. You can also use it for ID management or extracting data from IDs, such as passports or government-issued IDs, which I like."

"Invoice processing is the most valuable feature. Most of my customers use Document Understanding for invoice processing. That's one of the most common use cases. Typically, each customer starts their RPA journey with the finance department because that's the area where you can see the most benefit."

Cons

"One of the challenges that we faced was that the Automation Anywhere log files were being created and not cleaned up, which would eventually kill the bot."

"Machine learning capabilities would be beneficial to have."

"The way this solution creates invoices can be improved. It is slow. Sometimes, it is also very complicated because you need to apply some kind of filters and effects over the images, which makes it a little bit complicated. They can reduce the complexity to manage the fields or incorporate other features. They can provide an easy way for developers to customize and program fields. The accuracy of the OCR engine can be improved. It would be great if they can also provide an ICR engine and an option to choose between OCR or ICR."

"The log scripts can only be written in Python, there is no compatible language."

"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."

"We don't get any kind of technical support or training for IQ Bot. There's a total lack of communication from them."

"IQ Bot could improve the documentation."

"When you update to a new version, you have to migrate your applications. That should be automated because it should not affect your ability to complete the task. If the version of the application changes, then you need to automate some part of that again."

More IQ Bot cons

"An area for improvement in UiPath Document Understanding is data extraction from scanned documents. It could be better because I've observed a ten percent failure or flaw whenever the vendor scans and converts documents into PDFs."

"UiPath Document Understanding's ability to read handwritten files has room for improvement."

"I encountered difficulties with UiPath Document Understanding in determining the appropriate OCR to use for certain files."

"It would be much easier if UiPath increased the count of pages. Currently, they are allowing one million pages for $10,000 per month. I would prefer to increase the page count or reduce the dollar count in terms of processing the documents. I would prefer $6,000 per month for processing 2 to 3 million pages per month. It will then be much easier for companies with a low budget to use this product."

"The extraction can be better. ABBYY FlexiCapture has more capabilities than Document Understanding. It can also extract automatically without training, whereas with Document Understanding, we need to train everything."

"There is room for improvement in handwriting processes."

"This is an expensive solution."

"It would be ideal if they could include more packages for more use cases."

Pricing and Cost Advice

"Pricing is highly confidential because it is something that can be negotiated."

"IQ Bot is expensive compared to other solutions."

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

"The price could be lower."

"The product’s price is always in the higher range."

"Pricing for IQ Bot isn't good because if you're paying a lot and you're still getting some problems from it, then you can't give it a good rating. You have to compare how much you're taking out of your pocket with what you're getting from the solution. For example, I have a client paying $30 or $40 for the solution, but sometimes, he's still getting exceptions or errors from it. The cost of IQ Bot is too high, so people are hesitant to purchase the license for it. On a scale of one to five, with one being expensive, and five being affordable, I'm giving IQ Bot pricing a one."

"There are others like Automation Anywhere offering similar kinds of bots for less. Most of the platforms are the same, and most of the features are the same, but not the licensing cost."

"The licensing is under usage per page, and I wouldn't recommend it."

More IQ Bot pricing and cost advice

"The pricing is reasonable."

"I have only been using its free version."

"UiPath Document Understanding is priced high compared to its competition."

"On a scale of one to ten, where one is cheap, and ten is expensive, I rate the solution a nine."

"Our clients are concerned about the volume-based pricing model, as UiPath charges more than other vendors in the market."

"UiPath has a higher upfront cost, but its Document Understanding feature is not a significant additional expense compared to the overall platform."

"For the licensing part, in our company, we initially started off with a monthly plan, but yearly plans are also there. Cost-wise, UiPath Document Understanding is good since it provides flexibility in its pricing."

"UiPath Document Understanding is expensive, with the basic annual package including 6,000 documents and the next package including one million documents, a huge price difference."

More UiPath Document Understanding pricing and cost advice

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Top Industries

By visitors reading reviews

Computer Software Company

14%

Manufacturing Company

12%

Financial Services Firm

Government

Financial Services Firm

16%

Computer Software Company

14%

Real Estate/Law Firm

Healthcare Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

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 ...

See all answers

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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What do you like most about UiPath Document Understanding?

The solution allows us to continue with vendors whose information comes in correctly and to stop the automation for vendors with many items that are not clearly defined.

See all answers

What is your experience regarding pricing and costs for UiPath Document Understanding?

I am not aware of the pricing details. My manager handles that, and as far as I know, Instabase is more expensive.

See all answers

What needs improvement with UiPath Document Understanding?

Right now, we are trying to use Instabase, which is another tool for document understanding. It may be one one step ahead. It is faster than UiPath.

See all answers

Comparisons

ABBYY Vantage vs IQ Bot

Compared 43% of the time

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ABBYY Vantage vs UiPath Document Understanding

Compared 28% of the time

Tungsten TotalAgility vs UiPath Document Understanding

Compared 16% of the time

Amazon Textract vs UiPath Document Understanding

Compared 16% of the time

Instabase vs UiPath Document Understanding

Compared 12% of the time

HyperScience vs UiPath Document Understanding

Compared 7% of the time

More UiPath Document Understanding Competitors

Product Reports

Buyer's Guide

IQ Bot

March 2025

Download IQ Bot product report

Buyer's Guide

UiPath Document Understanding

March 2025

Download UiPath Document Understanding product report

Overview

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

UiPath Document Understanding is employed across industries for extracting data from documents like invoices and legal papers, automating processes, reducing manual input, and enhancing accuracy. It manages both structured and unstructured data with OCR and machine learning capabilities.

UiPath Document Understanding enhances data extraction by supporting numerous document formats and languages. Its capabilities range from processing invoices in finance to handling medical documents in healthcare. By integrating with systems such as SAP, it streamlines document classification and validation. The incorporation of OCR and machine learning allows for high accuracy, even with scanned and handwritten documents, while also enabling automation of tasks that formerly required significant manual intervention.

What are the key features of UiPath Document Understanding?

Machine Learning: Elevates data accuracy through AI-driven models.
OCR Capabilities: Optimizes extraction across multiple formats and languages.
Integration Flexibility: Connects with systems like SAP effectively.
Action Centers and Validation Stations: Facilitates user involvement in validations.
Pre-Built Algorithms: Improves efficiency, especially in invoice processing.

What benefits should be considered in reviews?

Manual Labor Reduction: Minimizes human input and related errors.
Accuracy Improvement: Increases precision in data extraction.
Flexibility: Adapts to a range of document types and formats.
Efficiency Boost: Speeds up processing times and reduces delays.

Across industries, companies use UiPath Document Understanding for automating document processing tasks. In finance, it handles invoice processing, while in healthcare it manages medical record extraction. In manufacturing, it streamlines document workflows, and in HR, it facilitates the handling of internal documents. Despite its advantages, users report challenges with handwriting accuracy, template diversity, and integration complexity. Enhancements in AI and OCR are desired to improve scanning and extraction from diverse languages and formats.

UiPath

Sample Customers

Synergy

Information Not Available

Buyer's Guide

IQ Bot vs. UiPath Document Understanding

March 2025

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