AntWorks CMR+ vs IQ Bot comparison

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AntWorks Logo
365 views|172 comparisons
100% willing to recommend
Automation Anywhere Logo
6,700 views|633 comparisons
89% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between AntWorks CMR+ 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).
768,578 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
"The automation provided by this solution has saved us a lot of time.""Pattern recognition ultimately helps us to circumvent the problems in dealing with format variability in documents and allows us to capture the right data."

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"IQ Bot is relatively easy to use and develop.""IQ Bot's most valuable feature is data migration, including Word format and legacy document templates.""The most valuable features are rapid development, stability, and ease of use.""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.""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.""The extraction feature is the most valuable one of IQ Bot.""IQ Bot efficiently extracts invoice data from various types of PDFs.""IQ Bot has the ability to easily capture objects. The latest version is far ahead of the competition. Most of the features are excellent, valuable, and easy to handle."

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Cons
"It would be very helpful to have a simple and extensive training guide, or training model, to help learn how to work with the product.""We would like to see the overall accuracy increase from approximately 70% to perhaps 85%."

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"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.""The first place it could be improved is its price - it is too high. I'm having a lot of difficulty moving it to the customers.""It's not intuitive from a user standpoint.""The solution did not allow the use of other OCR and their own was not accurate and could improve.""The product is expensive.""It would be helpful if the solution was better at reading handwriting. It needs better handwriting recognition.""We don't get any kind of technical support or training for IQ Bot. There's a total lack of communication from them."

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Pricing and Cost Advice
  • "The pricing is really good, and it's based on usage."
  • More AntWorks CMR+ Pricing and Cost Advice →

  • "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 →

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    Questions from the Community
    Top Answer:Pattern recognition ultimately helps us to circumvent the problems in dealing with format variability in documents and allows us to capture the right data.
    Top Answer:The pricing is good, and it's based on usage. We were one of the early customers. On a scale of one through ten, price-wise, I would rate this product an eight.
    Top Answer:We would like to see the overall accuracy increase. Having the ability to measure accuracy is something that is important to us, so this is an areas that could improve. The technical support could be… more »
    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
    365
    Comparisons
    172
    Reviews
    1
    Average Words per Review
    1,294
    Rating
    8.0
    Views
    6,700
    Comparisons
    633
    Reviews
    24
    Average Words per Review
    507
    Rating
    7.5
    Comparisons
    Also Known As
    ANTstein
    Learn More
    Overview

    CMR+ combines AI technologies like Deep Learning, Natural Language Processing (NLP), Machine Vision, and Machine Learning (ML) to pre-process, classify, extract, and validate all data types.

    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
    VISITORS READING REVIEWS
    Manufacturing Company12%
    Financial Services Firm12%
    Computer Software Company8%
    Government8%
    REVIEWERS
    Computer Software Company46%
    Manufacturing Company14%
    Performing Arts7%
    Outsourcing Company7%
    VISITORS READING REVIEWS
    Computer Software Company15%
    Manufacturing Company11%
    Financial Services Firm9%
    Comms Service Provider7%
    Company Size
    VISITORS READING REVIEWS
    Small Business16%
    Midsize Enterprise10%
    Large Enterprise74%
    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.
    768,578 professionals have used our research since 2012.

    AntWorks CMR+ is ranked 9th in Intelligent Document Processing (IDP) with 2 reviews while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 48 reviews. AntWorks CMR+ is rated 8.0, while IQ Bot is rated 7.6. The top reviewer of AntWorks CMR+ writes "Leading-edge NLP capabilities, efficient training of machine learning models, and the automation saves us significant time". On the other hand, the top reviewer of IQ Bot writes "User-friendly and code reusability feature for efficient utilization of existing code repositories". AntWorks CMR+ is most compared with ABBYY Vantage, UiPath and Automation Anywhere (AA), whereas IQ Bot is most compared with ABBYY Vantage, UiPath Document Understanding and IBM Datacap.

    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.