AuraQuantic vs IQ Bot comparison

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AuraQuantic Logo
views| comparisons
100% willing to recommend
Automation Anywhere Logo
6,511 views|610 comparisons
89% willing to recommend
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Executive Summary

We performed a comparison between AuraQuantic and IQ Bot 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.
To learn more, read our detailed AuraQuantic vs. IQ Bot Report (Updated: May 2024).
772,649 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
"AuraQuantic's most valuable features are the zero code, user-friendly mode, and integration.""It's a low-code application.""AuraPortal is very user-friendly and flexible.""AuraPortal has the best price for its process."

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"The most valuable feature of IQ Bot is that any user can customize it on their own, and they don't need to get in touch with Automation Anywhere.""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 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.""IQ Bot uses AI technology to extract data from PDF files by analyzing and splitting a particular PDF file into separate groups.""The initial setup is easy.""IQ Bot's best features are its variety of outputs and how it handles structured documents.""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.""IQ Bot efficiently extracts invoice data from various types of PDFs."

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Cons
"We'd like it more animated. It would be useful if we could integrate GIFs, for example.""One thing that could be improved would be for it to be deployed in a shorter time.""AuraQuantic's price could be improved.""More documentation and the ability to extract different reports about different relations in the objects I use will help."

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"Building IQ bots is time-consuming. Initially, script-wise, it would take a lot of time and also the testing of testing part of it.""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.""It should have more artificial intelligence to capture information from a document. Currently, our clients are preparing invoices manually. They are not digital, so we need to scan all the documents, but we are facing issues in capturing all the information through IQ Bot. Therefore, we have to use other tools to capture the information, and then we use IQ Bot to process all the information. They need to improve the artificial intelligence for document scanning.""When you update to a new version, you have to migrate your applications. That should be automated because it should not affect your ability to complete the task. If the version of the application changes, then you need to automate some part of that again.""IQ Bot uses an API OCR engine. At times, they can't accommodate some text in Korean. Also, Korean characters are not cognitive at times.""The quality of the service needs to be improved.""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.""Could improve with regard to hand-written documents."

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Pricing and Cost Advice
  • "The price could be better. It's quite expensive."
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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."
  • More IQ Bot Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:I do not handle the licensing. I do not have direct knowledge of the pricing. It's not within the scope of my work.
    Top Answer:We're just using images. We'd like it more animated. It would be useful if we could integrate GIFs, for example. There could be more adoptions. We'd like the option to connect this product with other… 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
    Unranked
    In Intelligent Document Processing (IDP)
    Views
    6,511
    Comparisons
    610
    Reviews
    24
    Average Words per Review
    507
    Rating
    7.5
    Comparisons
    Learn More
    Overview

    AuraQuantic is a digital platform designed for business users to easily and rapidly build unlimited processes and applications to automate end-to-end operations, reducing costs and optimizing productivity.

    AuraQuantic is a no-code platform for building the enterprise solutions that drive Digital Transformation.

    Interface

    Delight users with attractive interfaces across multiple devices and deliver the best user experience. Respond immediately to their ever-changing needs with the agility provided by the platform and its no-code changes on the fly.

    Logic

    This is the most powerful part of any application. This is why AuraQuantic offers a long list of built-in, no-code functionalities.

    Data

    To manage application and process data models, AuraQuantic provides a visual data model designer and supports importing data schemas.

    Application Governance

    Access rights management (to apps and app development)Application metadata collection, Application performance monitoring, Application works dashboard, Custom ‘guardrails’ for practitioners/developersRole-based access control to data and services for app dev, Multiple practitioners/developers for a single app and across the platform.


    Business Analytics

    Digital Decisioning features aim to inform and automate operational decisions. These decisions continue to increase in amount and complexity due to growing customer demands. Business decision automation is a must to keep up with ever-changing customer needs.

    Thanks to business activity data collection, using custom applications built with AuraQuantic, the organization is empowered to carry out accurate analysis and act smart by leveraging business insights.

    Connectivity

    API REST, API SOAP, API DLL
    Exposing APIs (process/application logic and decision systems)
    Connector builder
    REST and SOAP web services connector
    External database connectors (Adapters Servers, scripts and stored procedures execution)
    .Net Assembly connector Connectors with Artificial Intelligence services (AI)
    Robotic Process Automation (RPA) service connectors
    More built-in connectors (50+)
    Microsoft Office 365, Google Suite, SAP…

    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
    Nissan, RSA Chile, New Millennia Group Plc (UK), TOYOTA, ArcelorMittal Brasil, KPN, Farmacia Luis Corbi, Farmacia del Paseo, Frutas Bean, IncAE Business School, BDO Argentina, Refinery of the Pacific, Balfego Grup, Fundacion Seneca, Technological Institute Maranosa, Coprusa Group, Constructec, University of Deusto, Tenco Shopping Centers, Spanish Railways Foundation, Arbora & Ausonia.
    Synergy
    Top Industries
    VISITORS READING REVIEWS
    Computer Software Company23%
    Financial Services Firm13%
    Comms Service Provider11%
    Manufacturing Company9%
    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
    REVIEWERS
    Small Business100%
    VISITORS READING REVIEWS
    Small Business35%
    Midsize Enterprise17%
    Large Enterprise48%
    REVIEWERS
    Small Business26%
    Midsize Enterprise17%
    Large Enterprise57%
    VISITORS READING REVIEWS
    Small Business28%
    Midsize Enterprise16%
    Large Enterprise56%
    Buyer's Guide
    AuraQuantic vs. IQ Bot
    May 2024
    Find out what your peers are saying about AuraQuantic vs. IQ Bot and other solutions. Updated: May 2024.
    772,649 professionals have used our research since 2012.

    AuraQuantic doesn't meet the minimum requirements to be ranked in Intelligent Document Processing (IDP) with 6 reviews while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 48 reviews. AuraQuantic is rated 8.8, while IQ Bot is rated 7.6. The top reviewer of AuraQuantic writes "Responsive support, easy to use, and reliable". On the other hand, the top reviewer of IQ Bot writes "User-friendly and code reusability feature for efficient utilization of existing code repositories". AuraQuantic is most compared with Appian, Camunda and Bizagi, whereas IQ Bot is most compared with ABBYY Vantage and UiPath Document Understanding. See our AuraQuantic vs. IQ Bot report.

    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.