We performed a comparison between IQ Bot and UiPath Document Understanding based on real PeerSpot user reviews.
Find out in this report how the two Intelligent Document Processing (IDP) solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI."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."
"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."
"IQ Bot is quite user-friendly. And the drag-and-drop option is there, which makes the developer more comfortable."
"IQ Bot's most valuable feature is data migration, including Word format and legacy document templates."
"Our mainframe-based and web-based projects are working well, with no issues."
"The most valuable feature is the intelligence it has with the ability to read the customer sales order and convert it into our own, despite minor changes in format."
"We have been using it only for two months, and so far, it is working fine. It is easy to use."
"IQ Bot is relatively easy to use and develop."
"UiPath enables us to automate manual tasks and duplicate them easily. The processes are highly accurate."
"The solution removes manual processes and reduces human dependency. It takes a lot of effort to go through each physical mail or email, extract the data and transfer it to Excel. However, the solution automates the process and works 24/7. The tool gives a complete package to process and understand documents. The valuable features include taxonomy modification, classification, workstation, etc. There are out-of-the-box features like ML models which you can custom build. We have saved time with UiPath Document Understanding. We have seen a 50 percent improvement in scanning processes. Compared to humans, the tool runs 24/7. The human error rate has also been reduced. Our human error rate is five percent now compared to the previous 15 percent. UiPath Document Understanding has also freed up our staff who now spend more time on critical tasks."
"Scalability-wise, I rate the solution a nine out of ten...The solution's technical support is good."
"Has a very good machine learning feature."
"The highly visual and user-friendly interface was a standout feature."
"UiPath Document Understanding produces a high accuracy rate of 98 percent."
"UiPath Document Understanding's image file extraction feature is the best in any OCR solution."
"Document Understanding's best features are the action center and verification mode."
"It was challenging to have to do the pre-processing and tax inputting on our own."
"It's not intuitive from a user standpoint."
"The solution's predictive model can be improved in terms of accuracy."
"We face a few data extraction challenges when we use a huge data set with different formats."
"IQ Bot needs to scale up further because many other industry products that are capable of capturing handwritten information are doing much better. So, it would be better if IQ Bot spent more time on handwritten data extraction."
"IQ Bot doesn't accept or manage unstructured documents properly."
"This solution could be improved by making it possible to add handwriting and signatures."
"I know that Automation Anywhere just said that IQ Bot 11 and higher versions are ready to extract the documents with less than 300 DPI, however, this is not true. I never could work with documents with less than 300 DPI."
"An area for improvement in UiPath Document Understanding is data extraction from scanned documents. It could be better because I've observed a ten percent failure or flaw whenever the vendor scans and converts documents into PDFs."
"Sometimes, when the number of items is very large, the solution doesn't properly identify them."
"At times, the scanning functionality of the tool may fail to generate accurate output, resulting in the need for manual input."
"There is also room for improvement in long-running table extraction. If a table continues for more than 10 pages, in some cases, we have observed that it only extracts six or seven pages and skips the last pages."
"UiPath Document Understanding's ability to read handwritten files has room for improvement."
"UiPath Document Understanding has difficulty identifying handwritten documents, and there is room for improvement."
"The extraction can be better. ABBYY FlexiCapture has more capabilities than Document Understanding. It can also extract automatically without training, whereas with Document Understanding, we need to train everything."
"They could work on the digitizing and classification of documents."
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IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 48 reviews while UiPath Document Understanding is ranked 3rd in Intelligent Document Processing (IDP) with 45 reviews. IQ Bot is rated 7.6, while UiPath Document Understanding is rated 8.2. The top reviewer of IQ Bot writes "User-friendly and code reusability feature for efficient utilization of existing code repositories". On the other hand, the top reviewer of UiPath Document Understanding writes "Is easy to configure, user-friendly, and produces accurate results". IQ Bot is most compared with ABBYY Vantage, whereas UiPath Document Understanding is most compared with ABBYY Vantage, Instabase, Tungsten TotalAgility, Nanonets and HyperScience. See our IQ Bot vs. UiPath Document Understanding report.
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