Automation Hero vs IQ Bot comparison

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Automation Hero Logo
232 views|92 comparisons
100% willing to recommend
Automation Anywhere Logo
6,511 views|610 comparisons
89% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between Automation Hero and IQ Bot based on real PeerSpot user reviews.

Find out what your peers are saying about ABBYY, Automation Anywhere, UiPath and others in Intelligent Document Processing (IDP).
To learn more, read our detailed Intelligent Document Processing (IDP) Report (Updated: April 2024).
770,141 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Dashboard is good and the product doesn't require coding."

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"I can train all the instances and properly adjust, inject Python code to find entities, and so on, and so forth.""IQ Bot's best features are its variety of outputs and how it handles structured documents.""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.""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.""The extraction feature is the most valuable one of IQ Bot.""The ability to differentiate between documents is valuable.""Our mainframe-based and web-based projects are working well, with no issues.""Whenever we want to create something from the previous documents or images, the OCR feature enables us to do that job easily."

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Cons
"Lacks sufficient keywords and templates."

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"It would be good if the solution could extract or capture details from unstructured data.""The solution requires 32GB RAM.""I would like love to see pre-trained models based on industries.""It's not intuitive from a user standpoint.""It would be helpful if the IQ Bot OCR could be integrated with third-party solutions like FlexiCapture.""It should be easier to install and configure. We had some issues during the initial setup, and we are resolving them with the help of their support. Its initial setup is complex. Their web pages are not really structured. Because they have multiple products that are more or less similar, it is sometimes hard to understand which documentation you're actually reading and using. Their documentation and web pages should be structured in a better way. In terms of new features, it is a little too early to provide inputs. I need more real business cases to see what is lacking. We haven't yet got those. We are currently testing it from a technical point of view.""I think the problem is usually tuning it up, and trying to get the best performance — that takes some time.""The process of manually correcting the data in the validation queue that IQ Bot failed to extract should be automated."

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Pricing and Cost Advice
Information Not Available
  • "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 pricing is complicated but I wouldn't say that they are expensive."
  • "It has an average cost."
  • "There are others like Automation Anywhere offering similar kinds of bots for less. Most of the platforms are the same, and most of the features are the same, but not the licensing cost."
  • "It's expensive."
  • "There are more affordable solutions than this."
  • "I feel that the price of IQ Bot could be lower."
  • More IQ Bot Pricing and Cost Advice →

    report
    Use our free recommendation engine to learn which Intelligent Document Processing (IDP) solutions are best for your needs.
    770,141 professionals have used our research since 2012.
    Questions from the Community
    Top Answer:Dashboard is good and the product doesn't require coding.
    Top Answer:I think the product lacks sufficient keywords and templates, and increasing that would reduce the need to input a lot of field names. The data input process has to be easier, and it needs to… more »
    Top Answer:Our use case of this product is for invoice processing. We tested it on a small project to get a comparison with UiPath. I am a user of this product and an intern in the company.
    Top Answer: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… more »
    Top Answer:IQ Bot is relatively easy to use and develop.
    Top Answer:IQ Bot is expensive compared to other solutions. On a scale from one to ten, where one is cheap and ten is expensive, I rate the solution's pricing a seven out of ten.
    Ranking
    Views
    232
    Comparisons
    92
    Reviews
    1
    Average Words per Review
    537
    Rating
    7.0
    Views
    6,511
    Comparisons
    610
    Reviews
    24
    Average Words per Review
    507
    Rating
    7.5
    Comparisons
    Learn More
    Overview

    Drive your digital transformation with an all-in-one platform that adds intelligence to automation and makes it more easily accessible. There's no limit to what you can automate. 

    Discover

    Go beyond traditional process mining. In addition to visually mapping the largest and most complex processes, turn your historical process data into an AI model to predict and test potential outcomes. You can also monitor and measure your improvements in real time. Imagine training your AI model with the wisdom of your company experts.

    Build

    Your teams can directly build intelligent automations for the challenges they face every day, without writing a single line of code. An accessible point-and-click interface makes it easy, transparent, and fast with built-in orchestration at no extra charge.

    Integrate 

    Work with all of your important data by easily connecting to internal and external data sources with pre-built connectors (or via API).

    Empower

    Do-it-yourself AI lets you add intelligence to your automations at any step without relying on advanced data science resources. Combining pre-templated complex AI models -- Intelligent OCR, Classification and Extraction -- with your domain-specific knowledge creates an unparalleled super intelligence. Immediately deploy, get feedback and optimize.

    Interact

    Attended and unattended automations are available. Attended can be delivered via customizable notifications within any preferred workflow. This modern approach ensures the best possible outcomes by combining AI with your human expertise at the right place and time. A continuous feedback loop between human input and AI models improves model quality.

    Analyze

    Track the performance of automations visually in detail-rich customizable dashboards.

    Inspire

    Explore pre-templated automation examples to get you started or learn what’s possible from real customer use cases.

    Deploy

    You can deploy the Hero Platform_ in a single-tenant environment in the cloud.

    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."

    Sample Customers
    Information Not Available
    Synergy
    Top Industries
    No Data Available
    REVIEWERS
    Computer Software Company46%
    Manufacturing Company14%
    Performing Arts7%
    Outsourcing Company7%
    VISITORS READING REVIEWS
    Computer Software Company15%
    Manufacturing Company11%
    Financial Services Firm9%
    Comms Service Provider6%
    Company Size
    No Data Available
    REVIEWERS
    Small Business26%
    Midsize Enterprise17%
    Large Enterprise57%
    VISITORS READING REVIEWS
    Small Business28%
    Midsize Enterprise16%
    Large Enterprise56%
    Buyer's Guide
    Intelligent Document Processing (IDP)
    April 2024
    Find out what your peers are saying about ABBYY, Automation Anywhere, UiPath and others in Intelligent Document Processing (IDP). Updated: April 2024.
    770,141 professionals have used our research since 2012.

    Automation Hero is ranked 13th in Intelligent Document Processing (IDP) with 1 review while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 48 reviews. Automation Hero is rated 7.0, while IQ Bot is rated 7.6. The top reviewer of Automation Hero writes "Good dashboard with easy tracking feature; lacks sufficient templates". On the other hand, the top reviewer of IQ Bot writes "User-friendly and code reusability feature for efficient utilization of existing code repositories". Automation Hero is most compared with , whereas IQ Bot is most compared with ABBYY Vantage and UiPath Document Understanding.

    See our list of best Intelligent Document Processing (IDP) vendors.

    We monitor all Intelligent Document Processing (IDP) reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.