IQ Bot Reviews

Name: IQ Bot
Brand: Automation Anywhere
Rating: 3.8 (51 reviews)

Vendor: Automation Anywhere

3.8 out of 5

51 reviews
88% willing to recommend

308 followers

Start review

What is IQ Bot?

What is IQ Bot?

Get the IQ Bot Buyer's Guide and find out what your peers are saying about IQ Bot, ABBYY Vantage, UiPath Document Understanding and more!

IQ Bot is the #4 ranked solution in top Intelligent Document Processing (IDP) solutions. PeerSpot users give IQ Bot an average rating of 7.6 out of 10. IQ Bot is most commonly compared to ABBYY Vantage: IQ Bot vs ABBYY Vantage. IQ Bot is popular among the large enterprise segment, accounting for 57% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a computer software company, accounting for 15% of all views.

Helped 851,604 peers since 2012

Featured IQ Bot reviews

Neethushree S

QA in RPA at Merck Group

IQ Bot is quite user-friendly. And the drag-and-drop option is there, which makes the developer more comfortable. Another valuable feature is whatever the code has been developed, it can be reused. Most of the codes we have had as a repository, and we reuse those codes. So that option is available, which is really very useful.

Read full review

Sunilkumar Venugopal

Head of RPA Team at Olam International

We use a defined amount of pages. We need to raise a licensing request to increase the number of pages. Around four to five teams of 10 to 15 people in the supply chain management department use the solution. We plan to increase the usage of the latest version of the tool because we are getting many projects.

Read full review

Hilal Paray.

Pre-sale Director at Omnyx International

The initial setup is straightforward. Automation Anywhere's cloud-based tools make the deployment process relatively easy compared to other solutions. The on-premises version can be deployed in about a week, as testing is involved. However, deploying the cloud version takes approximately 30 minutes since everything is pre-configured and ready to deploy.

Read full review

IQ Bot mindshare

As of May 2025, the mindshare of IQ Bot in the Intelligent Document Processing (IDP) category stands at 2.6%, down from 4.1% compared to the previous year, according to calculations based on PeerSpot user engagement data.

Intelligent Document Processing (IDP)

PeerResearch reports based on IQ Bot reviews

Type	Title	Date
Category	Intelligent Document Processing (IDP)	May 20, 2025	Download
Product	Reviews, tips, and advice from real users	May 20, 2025	Download
Comparison	IQ Bot vs ABBYY Vantage	May 20, 2025	Download
Comparison	IQ Bot vs UiPath Document Understanding	May 20, 2025	Download
Comparison	IQ Bot vs Automation Anywhere	May 20, 2025	Download

Title	Rating	Mindshare	Recommending
ABBYY Vantage	4.0	16.4%	93%	51 interviews Add to research
UiPath Document Understanding	4.1	13.8%	93%	51 interviews Add to research

Valuable Features

IQ Bot excels in AI-driven data extraction, handling diverse document formats and integrating easily with existing platforms. Users value its optical character recognition, self-learning capability, and ability to differentiate between documents. The tool simplifies data migration and supports Python scripting for enhanced functionality. Its user-friendly interface allows for rapid deployment and customization. Integration with Automation Anywhere provides seamless operation, making IQ Bot a preferred choice for transforming unstructured data into structured formats.

"In my experience, the product is very stable, and it works well with systems like JDE and Mainframes."
"IQ Bot's connectivity to various cloud service providers is beneficial."
"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."

Room for Improvement

IQ Bot requires improvements in handling diverse document formats, enhancing customization and mapping capabilities. The cost is considered high, impacting adoption. Users find the system non-intuitive, necessitating specialist involvement. Machine learning features need expansion to increase accuracy, especially for handwriting and unstructured data. Integration with third-party tools and better documentation would be beneficial. Enhancing scalability and reducing complexity in installation and setup are also areas for improvement.

"Customer service and support are good and supportive. However, their response time could be improved, especially for new issues not found in the community version."
"Pricing is a significant concern as IQ Bot is costly. The competition, particularly with hyperscalers like Azure and AWS, offers alternatives at one-tenth of the cost."
"The solution could improve its accuracy when handling more complex documents, such as handwritten ones."

ROI

ROI from IQ Bot varies, primarily depending on document volume and use case understanding. Clients usually see returns within a year, experiencing reduced full-time equivalent and time savings. Successful implementations are common when automation expectations are realistic, with advantages being clear in document processing tasks. The cost of implementation can influence ROI, especially when considering regional labor costs. Despite competitive pricing concerns, IQ Bot effectively boosts efficiency and provides measurable savings.

Pricing

IQ Bot pricing is variable and often negotiated, with annual licensing costs generally higher than competitors. Though starting packages with Automation Anywhere and IQ Bot are set at $10,000 USD, many users find the costs high compared to alternatives like UiPath and Power Automate. The complexities of IQ Bot can justify the expense for some enterprises, but smaller organizations may find it cost-prohibitive. Pricing is often viewed as needing improvement, despite positive performance outcomes.

"The product cost is relatively high compared to other tools in the market."
"IQ Bot is expensive compared to other solutions."
"The product’s price is always in the higher range."

Popular Use Cases

Users employ IQ Bot primarily for automating sales order processes, enhancing OCR in automation, and processing documents with unstructured data. Common applications include extracting data from invoices, PDFs, and scanned documents across various formats. Companies apply IQ Bot for tasks like invoice processing, HR data input, and extracting details from purchase orders. Users also integrate IQ Bot with other bots for efficient document handling and management in industries like finance and supply chain management.

Service and Support

Users find IQ Bot's customer service and support to be generally good, highlighting responsiveness and effectiveness. Many report satisfied interactions, resolving issues swiftly. Some note delays in response times and a need for better accuracy in solutions provided. Support quality has been inconsistent, with some instances of slow responses affecting satisfaction. Support is available in different tiers, and users appreciate this segmentation. A few mention the importance of the contractual support level in their experience.

Deployment

IQ Bot's initial setup experiences vary, with some finding it straightforward and uncomplicated, especially for those with technical skills or previous experience. Others describe a more complex process, citing issues like server configurations, lack of documentation, and SSL certificate errors. Deployment times also differ significantly, ranging from a few days to several months. Cloud-based solutions are perceived as easier, while on-premises installations require more time and technical expertise.

Scalability

IQ Bot is highly scalable, supporting medium to large enterprises with various user capacities. Users appreciate its seamless scalability features and performance consistency. Management and configuration can be challenging, but adherence to best practices improves stability. Some concerns include security and cost considerations for smaller enterprises. Advanced options like load sharing and integration with cloud services enhance scalability, while utilization depends on architecture and configuration. Users find it competitive against similar platforms.

Stability

Many users find IQ Bot very stable, citing no major issues or crashes. Ratings vary, with some giving it eight or nine out of ten. The stability depends on factors like document quality and user experience, which can affect performance. Certain users note that while the bot performs reliably, improvements are needed for handling different PDF formats. Despite some minor challenges, IQ Bot remains stable with high-level usability.

These insights are based on the in-depth reviews provided by peers to help you make a better buying decision.

Download our IQ Bot Buyer's Guide for additional reliable information.

Review data by company size

By reviewers

By visitors reading reviews

Top industries

By visitors reading reviews

Computer Software Company

15%

Manufacturing Company

13%

Financial Services Firm

Government

Healthcare Company

University

Pharma/Biotech Company

Non Profit

Educational Organization

Legal Firm

Insurance Company

Comms Service Provider

Logistics Company

Retailer

Real Estate/Law Firm

Transportation Company

Engineering Company

Media Company

Energy/Utilities Company

Wholesaler/Distributor

Consumer Goods Company

Recreational Facilities/Services Company

Marketing Services Firm

Performing Arts

Hospitality Company

Construction Company

Non Tech Company

Compare IQ Bot with alternative products

Learn more about 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."