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Pros & Cons summary

Buyer's Guide

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Prominent pros & cons

PROS

IQ Bot [EOL] excels in data extraction, especially from PDFs and images, utilizing advanced OCR capabilities and AI models.
The cognitive self-learning component of IQ Bot [EOL] effectively adapts to interface changes and learns from undefined templates.
IQ Bot [EOL] offers robust integration with various databases and has a flexible deployment setup, allowing custom connections and modifications with programming languages like Python.
IQ Bot [EOL]'s character recognition is highly valued, allowing automation of tasks such as extracting vendor invoices and sorting data types efficiently.
The ability to handle a variety of structured documents and formats, including legacy and mainframe systems, highlights the versatility and stability of IQ Bot [EOL].

CONS

IQ Bot [EOL] pricing is too high, making it unaffordable for many companies.
Improving the OCR accuracy is essential as current levels are unsatisfactory, especially for handwritten documents.
Integration issues exist with conventional task automation and IQ Bot [EOL], particularly in older versions.
Migrating to new versions requires improved automation as current processes impact task completion.
IQ Bot [EOL] struggles with unstructured or complex documents, often requiring manual adjustments and validations.
 

IQ Bot [EOL] Pros review quotes

JS
Executive Director at a tech services company with 11-50 employees
May 7, 2025
In my experience, the product is very stable, and it works well with systems like JDE and Mainframes.
RP
Director of Global Automation at a tech services company with 10,001+ employees
Mar 7, 2025
IQ Bot's connectivity to various cloud service providers is beneficial.
Hilal Paray. - PeerSpot reviewer
Pre-sale Director at Omnyx International
Aug 14, 2024
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.
Learn what your peers think about IQ Bot [EOL]. Get advice and tips from experienced pros sharing their opinions. Updated: May 2026.
893,221 professionals have used our research since 2012.
Neethushree S - PeerSpot reviewer
QA in RPA at Merck Group
Jun 6, 2023
IQ Bot is quite user-friendly. And the drag-and-drop option is there, which makes the developer more comfortable.
Sunilkumar Venugopal - PeerSpot reviewer
Head of RPA Team at Olam International
Nov 27, 2023
PDF classification and basic data extraction are useful features.
PM
Business Head of Intelligent Automation at CRG Solutions
Jun 21, 2023
The product is easy to use and easy to deploy.
Ashish  Tyagi - PeerSpot reviewer
Senior Solutions Architect Manager at a computer software company with 501-1,000 employees
Sep 6, 2022
What I found most valuable in IQ Bot is its stability because it's now getting very much stable. Automation Anywhere is continuously enhancing this product. Initially, while my team was doing the PDF automation training in IQ Bot, sometimes, the solution doesn't extract the data, but now, you can easily group the software in different folders and you can integrate with TaskBot easily. Another valuable feature of IQ Bot is data extraction. The solution makes it easy to fetch data and extract data from PDFs. Without IQ Bot, it's very tough to do PDF data extraction. Now, I can extract data from more than five hundred templates easily through the solution. I also like that IQ Bot has great functionality.
TR
Managing director at antarymain solutions
Aug 28, 2023
The initial setup is easy.
German Campos - PeerSpot reviewer
Pre-Sales Manager (Peruvian Branch) at Global hitss
Aug 18, 2023
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.
AS
Technical Architect at a consumer goods company with 10,001+ employees
Aug 12, 2022
The best feature is that we can extract data from an image. That's why Automation Anywhere implemented IQ Bot. Otherwise, you cannot extract data from an image. Nowadays, every industry is scanning invoices and uploading them to some website or storing them on some shared drive. IQ Bot can do data extraction from the PDF format and the JPG format.
 

IQ Bot [EOL] Cons review quotes

JS
Executive Director at a tech services company with 11-50 employees
May 7, 2025
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.
RP
Director of Global Automation at a tech services company with 10,001+ employees
Mar 7, 2025
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.
Hilal Paray. - PeerSpot reviewer
Pre-sale Director at Omnyx International
Aug 14, 2024
The solution could improve its accuracy when handling more complex documents, such as handwritten ones.
Learn what your peers think about IQ Bot [EOL]. Get advice and tips from experienced pros sharing their opinions. Updated: May 2026.
893,221 professionals have used our research since 2012.
Neethushree S - PeerSpot reviewer
QA in RPA at Merck Group
Jun 6, 2023
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.
Sunilkumar Venugopal - PeerSpot reviewer
Head of RPA Team at Olam International
Nov 27, 2023
We face a few data extraction challenges when we use a huge data set with different formats.
PM
Business Head of Intelligent Automation at CRG Solutions
Jun 21, 2023
The solution requires 32GB RAM.
Ashish  Tyagi - PeerSpot reviewer
Senior Solutions Architect Manager at a computer software company with 501-1,000 employees
Sep 6, 2022
There's still room for improvement in IQ Bot because sometimes, my team has certain types of PDFs that need to be grouped, for example, five types of videos need to be sorted to get data, but it was impossible to do in the solution. There's even an instance when I'm extracting data, for example, the invoice numbers, and I trained IQ Bot to do the extraction just for the invoice numbers, but it failed to do it. There could be some exceptions that the product developer is working on, but it could take time because sometimes IQ Bot works, and sometimes it doesn't, so the error isn't because of the developer. The error lies with the system. Another area for improvement in the solution is that during installation, it makes your machine drastically slow. It requires you to have RAM of 16 GB and a 500 GB hard disk, but that's still not enough. Slow downloading is also an area for improvement in IQ Bot because whenever you try to execute bots around 20MB to 100MB, for example, that will be downloaded from the cloud to local machines, and this process could take between seven to eight minutes, and this could be frustrating especially when you're trying to showcase it to a customer. Bot downloading into a local machine shouldn't be taking more than five minutes because it's embarrassing in front of clients. It's good that Automation Anywhere provides a cloud version for IQ Bot, but if you're unable to execute it fast, then that's not very good. I was working for one client in Brazil and there was a time I was showing the bot to them and it was taking around seven minutes to get downloaded on the local machine, and I even tried to connect with the support team, but that still didn't get me anywhere. If you're working on some code and you're executing a bot, you need to change one line and the bot will download completely, so it should be pipeline or SVN or Git. If you've downloaded a 50MB bot, you just change one variable name, but then you have to download the 50MB code again, and it makes you wonder why you need to download the complete code. You have to double-check if you already have the code in your folder, and why would you need to download it again. Only one line should be changed for the download time to decrease drastically, but right now, you need to be downloading the code completely, so if you're executing a 100MB bot fifty times, then that means it will be downloaded fifty times as well. IQ Bot is not a straightforward solution, so my team is struggling with it. Currently, my company has been doing some R&D about the solution, and it has several main problems that need to be addressed. What I'd like to see in the next version of the solution is support for unstructured PDFs because currently, it's a very good solution for structured PDFs.
TR
Managing director at antarymain solutions
Aug 28, 2023
The success rate must be improved.
German Campos - PeerSpot reviewer
Pre-Sales Manager (Peruvian Branch) at Global hitss
Aug 18, 2023
The product is expensive.
AS
Technical Architect at a consumer goods company with 10,001+ employees
Aug 12, 2022
The percentage of accuracy is very low. When I put documents in IQ Bot and the document format gets changed, IQ Bot puts that in the validation queue. If you are uploading 100 documents, the IQ Bot accepts only 60 documents. 40% or 30% of documents go to the validation queue. Accuracy is way low. They need to improve their accuracy level. It should be at least 90%.