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 7.6, while UiPath is ranked #2 with an average rating of 8.1. Automation Anywhere holds a 2.3% mindshare in IDP, compared to UiPath’s 14.3% mindshare. Additionally, 89% of Automation Anywhere users are willing to recommend the solution, compared to 93% of UiPath users who would recommend it.

IQ Bot

Read 49 IQ Bot reviews

3,346 Views
323 Comparison Views

89% willing to recommend

UiPath Document Understanding

Read 51 UiPath Document Understanding reviews

2,604 Views
1,145 Comparison Views

93% willing to recommend

IQ Bot

UiPath Document Understanding

Comparison Buyer's Guide

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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: January 2025).

Buyer's Guide

IQ Bot vs. UiPath Document Understanding

January 2025

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Helped 841,004 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

8.0

Number of Reviews

Ranking in other categories

No ranking in other categories

UiPath Document Understanding

Ranking in Intelligent Document Processing (IDP)

2nd

Average Rating

8.0

Reviews Sentiment

7.2

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of March 2025, in the Intelligent Document Processing (IDP) category, the mindshare of IQ Bot is 2.3%, down from 4.4% compared to the previous year. The mindshare of UiPath Document Understanding is 14.3%, up from 10.7% 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.

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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

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

"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."

"I like most of the algorithms that it has, such as classified algorithms. I also like the OCR engines that it provides. We get a lot of options to explore and deal with. IQ Bot has added a lot of value in terms of extracting the information. Some OCR engines have limitations in terms of extracting the information. They have recently added a new feature that allows us to add Python scripting. Earlier, we had to do the post-processing work in terms of formatting and updating the proper values, but now, we have the option to write a Python script, which is really helpful for us in terms of getting the output. We can manage everything using Python."

"It offers a pretty simple setup process."

"The product's intelligent OCR capabilities are particularly effective for data extraction. It utilizes AI models that require only one or two templates to process all invoices."

"IQ Bot's most valuable feature is data migration, including Word format and legacy document templates."

"The way that the learning combines with the OCR is the solution's most valuable aspect."

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

More IQ Bot pros

"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."

"The most valuable feature in UiPath Document Understanding is the identification of the fields column in the PDF documents."

"Has a very good machine learning feature."

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

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

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

"It has advanced capabilities compared to other competitors, whether Blue Prism or Automation Anywhere."

"The best feature is pre-labeling, as it eliminates the need to manually label each data point."

Cons

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

"The solution requires 32GB RAM."

"IQ Bot could improve the documentation."

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

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

"The user should be able to update the data libraries."

"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."

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

More IQ Bot cons

"UiPath Document Understanding requires more database connectors."

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

"UiPath Document Understanding, while effective for its own platform, could be even more valuable if it integrated with other commonly used platforms, allowing for a more universal approach to document processing."

"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."

"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."

"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."

"The licensing model poses a significant challenge due to the fee charged for posting a model, which impedes the development of productivity-enhancing models."

"They could work on the digitizing and classification of documents."

Pricing and Cost Advice

"IQ Bot is expensive compared to other solutions."

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

"There are more affordable solutions than this."

"Solutions from Automation Anywhere are expensive."

"If you make use of only a few bots, this solution is very cheap."

"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."

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

"The price could be lower."

More IQ Bot pricing and cost advice

"The pricing is reasonable."

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

"I have only been using its free version."

"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."

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

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

"UiPath is a pricey tool for small customers."

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

More UiPath Document Understanding pricing and cost advice

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Top Industries

By visitors reading reviews

Computer Software Company

15%

Manufacturing Company

11%

Financial Services Firm

Government

Financial Services Firm

15%

Computer Software Company

15%

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?

The product cost is relatively high compared to other tools in the market. I rate the pricing a five out of ten.

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

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ABBYY Vantage vs UiPath Document Understanding

Compared 30% of the time

Tungsten TotalAgility vs UiPath Document Understanding

Compared 16% of the time

Amazon Textract vs UiPath Document Understanding

Compared 14% of the time

Instabase vs UiPath Document Understanding

Compared 12% of the time

HyperScience vs UiPath Document Understanding

Compared 6% of the time

More UiPath Document Understanding Competitors

Product Reports

Buyer's Guide

IQ Bot

February 2025

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Buyer's Guide

UiPath Document Understanding

February 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

January 2025

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