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 flexibility to deploy based on the different types is the most valuable. We can deploy pieces of the program directly over the fields. We can also directly connect with databases. We can modify it and make different connections with the database. We are also able to programmably modify the fields and change the presentation and values or evaluate a list of values. We can change the values on the fly. It is very flexible and very easy to use and learn. It is also very simple."
"IQ Bot efficiently extracts invoice data from various types of PDFs."
"We have been using it only for two months, and so far, it is working fine. It is easy to use."
"The most valuable feature is the ease of use and the new feature that makes it possible to integrate the platform with Google."
"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 is quite user-friendly. And the drag-and-drop option is there, which makes the developer more comfortable."
"The initial setup is easy."
"The detection or extraction of data from the images in PDFs is the feature that I use the most. It is a good solution in terms of how easily you can administer or manage this tool. It is quite easy to use, and it is powerful in terms of what it can do."
"Machine learning is the most valuable feature of UiPath Document Understanding."
"It's helped us free up time for other staff projects."
"The most valuable feature in UiPath Document Understanding is the identification of the fields column in the PDF documents."
"The highly visual and user-friendly interface was a standout feature."
"It shortens the time of extracting data by 70 to 80%."
"UiPath Document Understanding produces a high accuracy rate of 98 percent."
"There are many features that can be added to the action center to keep humans in the loop to evaluate the accuracy of the extracted data."
"Invoice processing is the most valuable feature. Most of my customers use Document Understanding for invoice processing. That's one of the most common use cases. Typically, each customer starts their RPA journey with the finance department because that's the area where you can see the most benefit."
"Could improve with regard to hand-written documents."
"I think Automation Anywhere has a partnership with Google. I hope they integrate Google's OCR engine in some way with IQ Bot because the OCR engine that Google produces provides an in-built accuracy of close to 99%. That is the integration we are looking for, but we need to pay for IQ Bot. If they can integrate both and come up with better pricing, then it will be a huge boost because, in that case, the quality of an image or PDF quality is taken completely out of difficulty as Google tends to extract the data. That is something I am looking for if this happens."
"The process of manually correcting the data in the validation queue that IQ Bot failed to extract should be automated."
"IQ Bot could improve the documentation."
"The quality of the service needs to be improved."
"There are certain things that OCR engines are not capable of handling currently. For example, OCR engines pick up a slash as a question mark. They also don't have the capability to handle subcolumns in a column. It would be really helpful if they can add more OCR engines with advanced capabilities to handle such scenarios. We need more cognitive abilities in the OCR engines to deal with the most complex scenarios. We also need more advanced capabilities so that IQ Bot can give better results in terms of PDF quality. This is because we cannot expect the same quality from all the vendors and customers, and there might be scenarios where we get some sort of scanned copies."
"There should be built-in or native intelligent processing capabilities."
"Migrating from the previous version to the current version is a little tricky."
"There are also problems with handwritten documents. The results from those are not 90 percent accurate. With scanned and native PDFs, it is 90 to 99 percent accurate, but the accuracy of handwritten documents is somewhat less. If they could improve on that, it would also be helpful."
"UiPath Document Understanding can improve its handwriting and signature recognition."
"Document Understanding's handwriting comprehension is improving, but it's still not as good as printed documents. Machine learning models, in general, are becoming mature, but it's still not to a point where I will give it five stars. I may give it a two or three. It is still not advanced enough to identify whatever handwritten content you give to it. It can process handwriting, but you need a human to validate it. With more training, it will become more automated. It will be better by 2025, but it is still not mature enough"
"Document Understanding would be improved with more AI platforms."
"One area of improvement for UiPath Document Understanding is the accuracy of handwritten documents. While the solution supports handwritten documents, the accuracy percentage is not as high as desired."
"The documentation should be more clear, or better training should be provided."
"The licensing model poses a significant challenge due to the fee charged for posting a model, which impedes the development of productivity-enhancing models."
"Existing models have room for improvement."
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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 OpenText Intelligent Capture. See our IQ Bot vs. UiPath Document Understanding report.
See our list of best Intelligent Document Processing (IDP) vendors.
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