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

Comparison Buyer's Guide

Download the report

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

Download the complete report

Helped 842,767 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.

Read full review

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

"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."

"The best feature is that we can extract data from an image. That's why Automation Anywhere implemented IQ Bot. Otherwise, you cannot extract data from an image. Nowadays, every industry is scanning invoices and uploading them to some website or storing them on some shared drive. IQ Bot can do data extraction from the PDF format and the JPG format."

"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 valuable feature of IQ Bot is the AI functionality."

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

"The most valuable feature is the intelligence it has with the ability to read the customer sales order and convert it into our own, despite minor changes in format."

"The character recognition feature is very good."

"I would say that the best feature is that it has native automation for the US."

More IQ Bot pros

"UiPath Document Understanding's image file extraction feature is the best in any OCR solution."

"The most valuable aspects of UiPath Document Understanding are its accuracy, ability to automate processes end-to-end, and the availability of a free trial period to conduct a proof of concept and assess its accuracy and speed."

"For me, the most valuable aspects of UiPath Document Understanding are its time efficiency and minimal human intervention."

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

"Document Understanding has better machine learning or ML capabilities, and that is why I prefer Document Understanding."

"OCR technology is undoubtedly the most valuable feature and the feasibility of integrating data processes with AI and machine learning models is fascinating."

"UiPath enables us to automate manual tasks and duplicate them easily. The processes are highly accurate."

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

Cons

"There are issues with the technology identifying a signature."

"I think Automation Anywhere has a partnership with Google. I hope they integrate Google's OCR engine in some way with IQ Bot because the OCR engine that Google produces provides an in-built accuracy of close to 99%. That is the integration we are looking for, but we need to pay for IQ Bot. If they can integrate both and come up with better pricing, then it will be a huge boost because, in that case, the quality of an image or PDF quality is taken completely out of difficulty as Google tends to extract the data. That is something I am looking for if this happens."

"Better customization in terms of mapping would be an improvement."

"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 could improve its accuracy when handling more complex documents, such as handwritten ones."

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

"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."

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

More IQ Bot cons

"The documentation should be more clear, or better training should be provided."

"If there were more integrations with Veracode or the AWS server, so we don't have to completely transfer our data and keep data on our servers, that might increase security."

"UiPath Document Understanding can improve its handwriting and signature recognition."

"The extraction and classification process should be simplified."

"The results of classifying patient documents within UiPath Document Understanding need to be more accurate."

"This is an expensive solution."

"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."

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

Pricing and Cost Advice

"IQ Bot is expensive compared to other solutions."

"It's expensive."

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

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

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

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

"With the Cloud, the price goes up and down. You only pay for what you use."

"It has an average cost."

More IQ Bot pricing and cost advice

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

"I find the pricing to be somewhat on the higher side."

"The cost per license is significant, approaching ten thousand dollars."

"One of the biggest challenges we face with UiPath is the pricing structure."

"I do not know about its price, but for large organizations, UiPath is cheap, whereas, for small organizations, UiPath is high. For example, if 500 licenses are needed for one company, UiPath is cheap. If only 5 licenses are required, UiPath is costly."

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

"I used the community version, so there was no fee."

"Document Understanding's price is quite high."

More UiPath Document Understanding pricing and cost advice

See which vendors are best for you

Use our free recommendation engine to learn which Intelligent Document Processing (IDP) solutions are best for your needs.

See recommendations

842,767 professionals have used our research since 2012.

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.

See all answers

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...

See all answers

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 42% of the time

More IQ Bot Competitors

ABBYY Vantage vs UiPath Document Understanding

Compared 27% 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

Free Report: IQ Bot vs. UiPath Document Understanding

Find out what your peers are saying about IQ Bot vs. UiPath Document Understanding and other solutions. Updated: March 2025.

DOWNLOAD NOW

842,767 professionals have used our research since 2012.

See our IQ Bot vs. UiPath Document Understanding report.

See our list of best Intelligent Document Processing (IDP) vendors.

We monitor all Intelligent Document Processing (IDP) reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.