Compare IBM Datacap vs. IQ Bot

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Most Helpful Review
Find out what your peers are saying about IBM Datacap vs. IQ Bot and other solutions. Updated: March 2021.
474,038 professionals have used our research since 2012.
Quotes From Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

"The most valuable feature is its ability to capture data, which changes all the time into different formats.""The solution automates manual data entry.""The second thing that I like about Datacap is the fingerprint capture which is easy to configure on Datacap. From the form of the document, if a document is redundant in the same department, we can configure the capture based on the form of the documents"

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"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.""The most valuable feature is the cognitive ability, as it will learn an interface that it is not familiar with and perform in the way that a human does.""The efficiency with which it was able to categorize the different data types and the format.""The most valuable feature is the cognitive, self-learning component that understands the undefined templates.""The character recognition feature is very good.""I would say that the best feature is that it has native automation for the US.""The ease that it provides in extracting vendor invoices, without having to configure them, was the reason for which we had gone with a solution.""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."

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"I would like to see the product have the ability to process more documents in parallel. Right now, it is a single queue. Therefore, if you want to really test the load and stress test it, having multiple instances and the ability to scale it up would be great.""I would like better ease of use and more support options.""The interface can be more intuitive."

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"Better customization in terms of mapping would be an improvement.""The price of IQ Bot, packaged with Automation Anywhere, is too expensive for some companies and they will not use it.""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.""Product algorithms could be improved.""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 was challenging to have to do the pre-processing and tax inputting on our own.""The way this solution creates invoices can be improved. It is slow. Sometimes, it is also very complicated because you need to apply some kind of filters and effects over the images, which makes it a little bit complicated. They can reduce the complexity to manage the fields or incorporate other features. They can provide an easy way for developers to customize and program fields. The accuracy of the OCR engine can be improved. It would be great if they can also provide an ICR engine and an option to choose between OCR or ICR."

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Pricing and Cost Advice
"Pricing depends on how much we use it. We pay per bulk quantity. We pay as you go. Therefore, it sort of depends on our usage of it."

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"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."

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Questions from the Community
Top Answer: The second thing that I like about Datacap is the fingerprint capture which is easy to configure on Datacap. From the form of the document, if a document is redundant in the same department, we can… more »
Top Answer: The interface can be more intuitive. What is in common with the big solutions like EMC tool, OpenStack, IBM SharePoint, et cetera is that the platform and the interfaces are not generally… more »
Top Answer: IBM Datacap is very good Product for those company which needs to make OCR & ICR. You can completely manage the document management lifecycle: from acquisition , most can be authomatized, to… more »
Top Answer: IQ Bot is easy to use compared to some of the other solutions out there.
Top Answer: With the Cloud, the price goes up and down. You only pay for what you use. If it goes up, you pay for it, and then if it goes down, you don't pay for it. It really depends on what you use. The cost… more »
Top Answer: They're always trying to make it easier. The whole automation industry is moving into what they call "intelligent automation", where they have started to bring AI into it also. That way, based on… more »
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IBM Datacap helps you streamline the capture, recognition and classification of business documents and extract important information. Datacap supports multiple-channel capture by processing paper documents on scanners, mobile devices, multi-function peripherals and fax. It uses natural language processing, text analytics and machine learning technologies, like those in IBM Watson, to automatically identify, classify and extract content from unstructured or variable documents. The software can reduce labor and paper costs, deliver meaningful information and support faster decision making.

IQ Bot is democratizing dark data processing. IQ Bot is the only AI-based solution that can be easily set up and used by business users to automatically read and process a variety of complex documents and emails, faster. By learning from human behavior, IQ Bot becomes faster and more accurate while reducing setup and operational costs.

Learn more about IBM Datacap
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Sample Customers
Turkcell, PowerSouth Energy Cooperative, Central Nacional Unimed, Conqord Oil
Top Industries
Computer Software Company36%
Financial Services Firm11%
Comms Service Provider9%
Insurance Company8%
Computer Software Company42%
Outsourcing Company17%
Manufacturing Company8%
Comms Service Provider27%
Computer Software Company25%
Energy/Utilities Company7%
Construction Company6%
Company Size
Small Business63%
Large Enterprise38%
Small Business16%
Midsize Enterprise21%
Large Enterprise63%
Find out what your peers are saying about IBM Datacap vs. IQ Bot and other solutions. Updated: March 2021.
474,038 professionals have used our research since 2012.

IBM Datacap is ranked 3rd in Intelligent Document Processing (IDP) with 3 reviews while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 18 reviews. IBM Datacap is rated 7.6, while IQ Bot is rated 7.6. The top reviewer of IBM Datacap writes "Enables us to extract data from the documents to make the research of the documents easier for our clients". On the other hand, the top reviewer of IQ Bot writes "Offers native automation for the US but is too expensive". IBM Datacap is most compared with ABBYY FlexiCapture, Kofax TotalAgility, Automation Anywhere (AA), Alfresco and HyperScience, whereas IQ Bot is most compared with ABBYY FlexiCapture and HyperScience. See our IBM Datacap vs. IQ Bot report.

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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.