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: April 2025).

Buyer's Guide

IQ Bot vs. UiPath Document Understanding

April 2025

Download the complete report

Helped 849,190 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

"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's best features are its variety of outputs and how it handles structured documents."

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

"The initial setup is easy."

"The most valuable feature is the cognitive ability, as it will learn an interface that it is not familiar with and perform in the way that a human does."

"The most valuable feature is the cognitive, self-learning component that understands the undefined templates."

"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."

"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."

More IQ Bot pros

"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."

"The validation process is easy. The Validation Station shows you the extracted data on one side and the document on the other, so you can easily scroll down and check if the data is accurate. You just need to click a checkbox. If you don't think it is fine, you have the option to add an exception. Based on that exception, you can create multiple conditions for how to address the same issue if it happens again."

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

"The solution is quite stable, and I am happy with its performance in my programs and processes."

"The taxonomy and Validation Station are among the most helpful features for us. If anything is extracted incorrectly, we can manually extract it there."

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

"It's great for document understanding for invoices and installments."

"I like UiPath's machine-learning capabilities. My first impressions were good, but we only use it in a few processes. We intend to expand our use of these features in other situations, but we're still learning how to use the AI functions. We use the OCR much more."

Cons

"If even a small change is made to a PDF format, IQ Bot may fail to read it and require me to go back and create a new learning instance."

"The success rate must be improved."

"It should have more artificial intelligence to capture information from a document. Currently, our clients are preparing invoices manually. They are not digital, so we need to scan all the documents, but we are facing issues in capturing all the information through IQ Bot. Therefore, we have to use other tools to capture the information, and then we use IQ Bot to process all the information. They need to improve the artificial intelligence for document scanning."

"It would be helpful if the IQ Bot OCR could be integrated with third-party solutions like FlexiCapture."

"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."

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

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

"Migrating from the previous version to the current version is a little tricky."

More IQ Bot cons

"Making the design of Forms AI more flexible and accommodating to companies' branding preferences would be beneficial."

"One area where UiPath could improve is by including pre-trained models for general-use documents specific to the Middle East."

"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."

"Currently, we have to train multiple templates because the column size and row size change in each PDF."

"Sometimes we have challenges when we need to read something like a barcode, so we must use the Cisco algorithm to solve the issue, or I have to ask developers for help specifically to capture this kind of information. There are other processes, such as refunds, that we still must do manually because there is no way to use automation to solve this issue."

"There is also room for improvement in long-running table extraction. If a table continues for more than 10 pages, in some cases, we have observed that it only extracts six or seven pages and skips the last pages."

"There is room for improvement in UiPath Document Understanding's pricing. It is expensive for small clients. Currently, there is a big gap between the basic package and the 200,000 packages. There is no package in the middle for small agencies."

Pricing and Cost Advice

"The price could be lower."

"IQ Bot is expensive compared to other solutions."

"IQ Bot's pricing is reasonable compared to other solutions but should be decreased further."

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

"It has an average cost."

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

"The licensing is on a yearly basis, and I am happy with the pricing."

"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."

More IQ Bot pricing and cost advice

"I have only been using its free version."

"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."

"The price is on the high end."

"The price for UiPath Document Understanding is a bit expensive."

"Its pricing can be looked into because it is on the higher side for developing economies, such as India, where the cost of labor is a little cheaper compared to advanced technologies."

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

"UiPath Document Understanding carries a premium price tag, but its current technological capabilities may not yet fully justify the cost."

"UiPath Document Understanding compared to the competitors is 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

849,190 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Computer Software Company

15%

Manufacturing Company

12%

Financial Services Firm

Government

Financial Services Firm

17%

Computer Software Company

14%

Real Estate/Law Firm

Insurance 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 41% of the time

More IQ Bot Competitors

ABBYY Vantage vs UiPath Document Understanding

Compared 27% of the time

Amazon Textract vs UiPath Document Understanding

Compared 15% of the time

Tungsten TotalAgility vs UiPath Document Understanding

Compared 15% of the time

Instabase vs UiPath Document Understanding

Compared 11% of the time

OpenText Intelligent Capture vs UiPath Document Understanding

Compared 9% of the time

More UiPath Document Understanding Competitors

Product Reports

Buyer's Guide

IQ Bot

April 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

April 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: April 2025.

DOWNLOAD NOW

849,190 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.