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reviewer2305032 - PeerSpot reviewer
RPA Consultant at a tech services company with 201-500 employees
Real User
Nov 9, 2023
A good extraction tool that users can customize on their own, but its predictive model should be improved in terms of accuracy
Pros and Cons
  • "The most valuable feature of IQ Bot is that any user can customize it on their own, and they don't need to get in touch with Automation Anywhere."
  • "The solution's predictive model can be improved in terms of accuracy."

What is most valuable?

IQ Bot is a good extraction tool. The most valuable feature of IQ Bot is that any user can customize it on their own, and they don't need to get in touch with Automation Anywhere.

What needs improvement?

The solution's predictive model can be improved in terms of accuracy. It takes a lot of training to get it right. It is hard to customize IQ Bot because each client has different types of documents and requirements. It takes time to get accuracy, particularly when working in a country like India, where many documents are scanned.

For how long have I used the solution?

I have been using IQ Bot for ten years.

How are customer service and support?

IQ Bot's technical support team takes a couple of weeks to respond.

Buyer's Guide
IQ Bot [EOL]
June 2026
Learn what your peers think about IQ Bot [EOL]. Get advice and tips from experienced pros sharing their opinions. Updated: June 2026.
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Which other solutions did I evaluate?

I usually recommend Aiwozo DocuBot instead of IQ Bot.

The pre-configured AI models are better. It takes as little as five minutes for companies to set up Aiwozo DocuBot and start working. Since Intel provides the servers, the response rate is pretty fast. The overall structure of Aiwozo DocuBot is such that you can have an entire workflow management inside it.

Various consultants can assign hundreds of team members different invoices to process. The manager will be able to approve data and review those details in a single platform so that it can be scaled very quickly.

What other advice do I have?

IQ Bot is suited for both bigger and smaller companies because it is flexible on the pricing front. People from some smaller companies are also able to start with document extraction. Since the pre-trained models don't take much time for configuration and training, it reduces the cost.

Overall, I rate IQ Bot a seven out of ten.

Disclosure: My company does not have a business relationship with this vendor other than being a customer.
PeerSpot user