IQ Bot [EOL] Reviews

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

3.8 out of 5

51 reviews
88% willing to recommend

What is IQ Bot [EOL]?

IQ Bot [EOL] stands out with cognitive capabilities that adapt to changing data formats, allowing seamless data extraction and integration with Automation Anywhere and Python scripting. It efficiently processes diverse documents with quick training and AI model support.

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IQ Bot [EOL] is the #6 ranked solution in top Intelligent Document Processing (IDP) solutions. PeerSpot users give IQ Bot [EOL] an average rating of 7.6 out of 10. IQ Bot [EOL] is most commonly compared to ABBYY Vantage: IQ Bot [EOL] vs ABBYY Vantage. IQ Bot [EOL] is popular among the large enterprise segment, accounting for 56% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a manufacturing company, accounting for 10% of all views.

Helped 865,295 peers since 2012

Featured IQ Bot [EOL] reviews

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.

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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.

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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.

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IQ Bot [EOL] mindshare

As of August 2025, the mindshare of IQ Bot [EOL] in the Intelligent Document Processing (IDP) category stands at 2.4%, down from 3.3% compared to the previous year, according to calculations based on PeerSpot user engagement data.

Intelligent Document Processing (IDP)

PeerResearch reports based on IQ Bot [EOL] reviews

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

Title	Rating	Mindshare	Recommending
ABBYY Vantage	4.0	13.7%	93%	51 interviews Add to research
UiPath Document Understanding	4.0	12.4%	90%	56 interviews Add to research

Valuable Features

IQ Bot's valuable features include cognitive capabilities to learn unfamiliar interfaces, efficient data categorization, OCR for varied text recognition, and the ability to transform unstructured documents into structured data. Users appreciate its ease of use, stability, and integration with Automation Anywhere. The tool offers a simple setup, accommodates Python scripting, and handles diverse document formats while requiring minimal training. Its AI functionality allows effective data extraction and adaptability to changing document 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 EOL faces challenges with its flexibility in handling diverse document formats and requires improved intelligence for better field recognition. Pricing is a concern for many companies. Complexity in use and setup creates a steep learning curve for users. Enhancements in machine learning capabilities, including self-learning and better OCR accuracy, are needed. Users also demand improved integration with third-party tools and heightened efficiency for processing unstructured and handwritten documents.

"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

Organizations can achieve substantial ROI with IQ Bot by identifying appropriate use cases and reducing headcount. Returns often appear within a year, with document-based tasks offering clear cost savings. Success varies by document volume and region, with higher returns outside India due to higher workforce costs. While effective, IQ Bot's cost raises concerns, prompting consideration of alternatives like Azure. Users experience ROI across implementations, though pricing improvements could enhance benefits further.

Pricing

IQ Bot [EOL] pricing is considered high by many users, often requiring negotiation with starting costs around $10,000 USD. Licensing is typically annual and usage-based, which can be costly, especially for small to medium enterprises. Comparisons suggest that it is more expensive than UiPath and other solutions, but its integration with Automation Anywhere provides unique value. Users feel that while the costs are justified by the product's capabilities, there is room for pricing improvement.

"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

IQ Bot is used primarily for document and invoice processing, automating data extraction from PDFs, and handling unstructured data. It enhances OCR capabilities, enabling efficient processing of varied invoice formats from different vendors. Users apply it for automating tasks in finance departments, sales order automation, and back-office processes. It facilitates extraction and classification of information for accounts payable, purchase orders, and HR data input. Integrating with Automation Anywhere is also a common application.

Service and Support

Technical support for IQ Bot [EOL] is described as responsive and helpful, resolving issues promptly within one or two days. Users appreciate the knowledgeable and quick support, although several highlight concerns about delayed responses and occasional inaccuracy. Support quality is rated between three to nine out of ten. Some report improved service when using specific support channels, while others notice a recent decline in quality and response time.

Deployment

The setup of IQ Bot [EOL] varies, with several finding it straightforward and quick due to its cloud-based nature, requiring minimal personnel. However, others encountered complexity, citing issues with server integration, documentation, and extending setup times. Technical expertise influences the ease of deployment. Challenges arise with architecture, control room access, and security certifications, while some experienced infrastructure problems. The setup duration ranged from a few hours to several months, depending on project requirements and prior experience.

Scalability

IQ Bot [EOL] shows strong scalability, as users consistently mention its ability to handle growing demands. It suits various company sizes, from medium to large, though costs may challenge smaller firms. The setup requires consideration of architecture, security, and additional resources like servers and licenses. Performance depends on effective coding and configuration. While users note potential issues, particularly with security at higher scales, many rate its scalability positively, highlighting its flexibility with cloud options.

Stability

Users express satisfaction with IQ Bot's stability, noting its reliability and lack of major issues. Stability scores vary, mostly ranging from seven to ten. Challenges arise with document format variations, affecting performance. High-quality inputs enhance results. Some mention control room training as essential for optimal use. Despite minor issues, IQ Bot performs well for repetitive tasks, maintaining stability with sufficient infrastructure. Improved PDF handling could enhance user experience and overall efficiency.

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

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

Review data by company size

By reviewers

By visitors reading reviews

Top industries

By visitors reading reviews

Manufacturing Company

10%

Computer Software Company

Government

Educational Organization

Financial Services Firm

Pharma/Biotech Company

University

Logistics Company

Healthcare Company

Non Profit

Performing Arts

Insurance Company

Retailer

Media Company

Engineering Company

Wholesaler/Distributor

Comms Service Provider

Transportation Company

Real Estate/Law Firm

Hospitality Company

Energy/Utilities Company

Outsourcing Company

Marketing Services Firm

Legal Firm

Recreational Facilities/Services Company

Consumer Goods Company

Non Tech Company

Compare IQ Bot [EOL] with alternative products

Learn more about IQ Bot [EOL]

IQ Bot [EOL] offers a comprehensive intelligent document processing solution through its powerful optical character recognition and data extraction abilities. It handles diverse texts and formats efficiently, reducing manual data entry and processing time. Integration with Automation Anywhere provides flexibility in deployment and enhances productivity. Python scripting support adds customization, while a sleek interface and pre-built taxonomies ensure ease of use. Users can streamline document processes, making it a robust tool for back-office tasks, finance departments, and more. However, areas like intelligence for diverse formats, scalability, and API integration need improvement, addressing challenges like steep pricing and a high learning curve.

What are the standout features of IQ Bot [EOL]?

Cognitive Abilities: Adapts to changing formats for seamless data extraction.
OCR Efficiency: Robust character recognition for diverse texts.
Integrations: Works seamlessly with Automation Anywhere and Python scripting.
Quick Training: Pre-built taxonomy allows fast user adoption.
AI Model Support: Enhances overall functionality and adaptability.

What benefits and ROI can be expected from using IQ Bot [EOL]?

Reduced Processing Time: Automates data handling, decreasing manual intervention.
Flexible Deployment: Integrates well with existing systems like SAP.
Improved Accuracy: Enhances data extraction accuracy from complex documents.
Better Productivity: Streamlines back-office tasks, increasing efficiency.

IQ Bot [EOL] plays a significant role in sectors requiring efficient document management, such as finance and back-office operations. It optimizes sales order automation and invoice processing, allowing faster processes and reducing human errors. Companies leverage it to adapt data extraction from unstructured documents and provide tailored solutions to clients. Its implementation in finance departments supports invoice processing and credit tasks, showcasing versatility and integration with enterprise systems like SAP.