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

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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: March 2025).

Buyer's Guide

IQ Bot vs. UiPath Document Understanding

March 2025

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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.

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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.

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

"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."

"The single platform capabilities are most valuable. I don't need to go to another third-party such as Blue Prism or UiPath. They have all these other bolt-on solutions. It is a part of the Automation Anywhere platform. It is all integrated."

"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."

"I personally feel that the c-extraction feature is valuable. After training it for a particular document, we can see the extractions there. Other than that, it has other features like Python scripting in-built, and these are the features that I feel stand out."

"IQ Bot has the capability to identify changes and remap its settings accordingly. It also has the ability to learn."

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

"The most valuable features are rapid development, stability, and ease of use."

"The character recognition feature is very good."

More IQ Bot pros

"The UiPath Document Understanding tool is very easy to use for document understanding."

"I like the clear and organized way in which UiPath has structured the labeling process, as well as the user-friendly development environment."

"There are many features that can be added to the action center to keep humans in the loop to evaluate the accuracy of the extracted data."

"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."

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

"The machine learning (ML) extractor is valuable. It helps in extracting information from even unstructured documents. It can sometimes also extract information from a written document. Without much manual intervention, it is able to process the documents. This is a unique feature of UiPath Document Understanding."

"The most valuable feature of UiPath Document Understanding is the AI Center."

"Has a very good machine learning feature."

Cons

"The price of IQ Bot, packaged with Automation Anywhere, is too expensive for some companies and they will not use it."

"It's not intuitive from a user standpoint."

"Machine learning capabilities would be beneficial to have."

"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."

"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."

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

"IQ Bot doesn't accept or manage unstructured documents properly."

"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."

More IQ Bot cons

"The rising annual licensing cost of UiPath's Document Understanding product is a major turnoff for users."

"UiPath Document Understanding has difficulty identifying handwritten documents, and there is room for improvement."

"Document Understanding would be improved with more AI platforms."

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

"I would like to see more integration of artificial intelligence. That's being implemented, but it would be a massive improvement to the solution's document processing. If UiPath achieves intelligent document processing, it will be far better than anything on the market. There are currently some limitations with the fields that could be addressed using a GPT engine. With an integrated AI model, you wouldn't need to create your taxonomy. You would only need to provide some prompts, such as "What is the property name?" It will store that as a variable."

"There are also problems with handwritten documents. The results from those are not 90 percent accurate. With scanned and native PDFs, it is 90 to 99 percent accurate, but the accuracy of handwritten documents is somewhat less. If they could improve on that, it would also be helpful."

"Right now, we are trying to use Instabase, which is another tool for document understanding."

"The UiPath APIs lack reliable table parsing."

Pricing and Cost Advice

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

"The package that includes Automation Anywhere and IQ Bot starts at $10,000 USD."

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

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

"The price could be lower."

"The price of IQ Bot could improve by being less expensive."

"There are more affordable solutions than this."

"Solutions from Automation Anywhere are expensive."

More IQ Bot pricing and cost advice

"The solution’s cost increases for machine learning or artificial intelligence because we have to go for UiPath Orchestrator."

"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."

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

"UiPath Document Understanding offers fair pricing, primarily if you consider the number of resources and human work the solution reduces, plus the ROI you can get from it."

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

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

"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

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 ...

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What do you like most about IQ Bot?

IQ Bot is relatively easy to use and develop.

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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...

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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

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Compared 43% of the time

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Compared 28% 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

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