What is our primary use case?
We are in services. We are consultants and we use these automation tools to automate processes for clients. I'm not using it for my own organization, however, I'm using it for clients' organizations.
Use cases are largely cross-business process automation, back office automation. It could be used in finance or accounting. It could be in underwriting, if it's an insurance client, for claims processing.
We have done automation largely in the lending space, including wealth management and customer onboarding.
How has it helped my organization?
The solution helps with reducing operational costs, which can be reduced by up to 30% to 40% in savings in terms of operational cost. That's your basic benefit, which is delivered quite well.
What is most valuable?
It's usually the RPA functionality that I prefer, which is more widely used. They also have an IQ Bot for document processing, which is a bit of advanced OCR. That's not used as frequently as their RPA tool.
The stability is good.
As it is on the cloud, it's quite scalable.
What needs improvement?
Their OCR is a bit expensive, meaning the IQ Bot. There are a lot of customers who don't want to use it due to the price tag. Maybe if they price it more aggressively, it could be widely used as well. Otherwise, it has pretty much industry-leading functionalities, similar to any other RPA tool.
In general, their roadmap is well defined and we are pleased with its offering.
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For how long have I used the solution?
I've used the solution for about two years.
What do I think about the stability of the solution?
The solution is pretty stable. It's good. Whenever there are issues, there are frequent platform upgrades provided by the vendors. It's very stable.
What do I think about the scalability of the solution?
The scalability is great as it is on the cloud. It can be scaled up pretty fast.
On average, I would say, per company that we've seen, there are close to 50 to 100, users - depending on the size of the organization. If it's a small bank, they have somewhere around 20 to 30 users, however, if it's a large company, it's closer to 100 to 200 users. We work with the solution on a daily basis.
How are customer service and support?
We tend to contact technical support once a month. We deal with them pretty regularly.
Which solution did I use previously and why did I switch?
I'm also familiar with UiPath. UiPath and Automation Anywhere are often used in many organizations. UiPath can be on-prem or on the cloud, however, AA is basically now on the cloud.
What we've largely seen is clients more using VBA or .NET-based automation solutions. Before moving into these platforms, either an Automation Anywhere or UiPath was used.
How was the initial setup?
The initial setup is pretty simple and if any issues are noted, the vendor can assist.
The platform can be set up in two to three months. I have not seen clients directly start on the cloud version. Usually, people have had on-prem which they have migrated to the cloud. Basically, the on-prem setup took two to three months. Maybe if there are new clients who are starting directly with cloud, it could be lesser, maybe a month or so.
From then on, subsequent automation of processes can take anywhere between two to four months, depending on the complexity. If you have a simple business process, for example, invoice processing or claims payment, that can take one to two months. If you have something more complex, that can take anywhere between two to three months.
In terms of the amount of maintenance, it depends on how many processes have been automated. Usually for a small-scale setup, if there are 50 bots or there are 50 automation, there could be maybe 5 FTEs required to maintain it. If the operations are large, with thousands of bots, the team size can vary anywhere between 30 to 50 FTEs. The larger the operations are and the larger number of processes that have been automated, the bigger the support team requirements are. On average, 1% should be able to support 6 to maybe 10 automations.
What about the implementation team?
There's support from the vendor, so I don't see a major challenge in setting this up.
What's my experience with pricing, setup cost, and licensing?
While the RPA is still competitively priced, usually IQ Bot is expensive. That's what we have seen.
For the OCR, my understanding is that it's a one-time cost. I've seen instances where it's $15,000 or so and on top of that there is some cost on every document processed or maybe a bunch of documents. Per every 1,000 documents processed there is a cost that is recurring. That said, the initial one-time cost is quite high.
What other advice do I have?
We are AA partners.
I would recommend the solution based on its scalability and stability.
Generally, people who adopt these tools do a tool assessment between multiple vendors. Usually, we have seen that it's either UiPath or Automation Anywhere that is shortlisted. These two seem to be the most preferred options.
I would rate the solution at a nine out of ten.
Which deployment model are you using for this solution?
Public Cloud
If public cloud, private cloud, or hybrid cloud, which cloud provider do you use?
Amazon Web Services (AWS)
Disclosure: My company has a business relationship with this vendor other than being a customer. Partner