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AuraQuantic vs IQ Bot comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Oct 10, 2024

Review summaries and opinions

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

Categories and Ranking

AuraQuantic
Ranking in Intelligent Document Processing (IDP)
11th
Average Rating
8.8
Reviews Sentiment
7.2
Number of Reviews
6
Ranking in other categories
Business Process Management (BPM) (21st), Process Automation (18th), Low-Code Development Platforms (17th), No-Code Development Platforms (6th)
IQ Bot
Ranking in Intelligent Document Processing (IDP)
4th
Average Rating
7.6
Reviews Sentiment
7.6
Number of Reviews
50
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of May 2025, in the Intelligent Document Processing (IDP) category, the mindshare of AuraQuantic is 0.3%. The mindshare of IQ Bot is 2.6%, down from 4.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Intelligent Document Processing (IDP)
 

Featured Reviews

Emilio Valle - PeerSpot reviewer
Responsive support, easy to use, and reliable
It helped a lot when we started using it with more images. Before, it was basic. With images, it's more effective. Users consider it more animated and user-friendly. We can easily track a process and know exactly where a process is. It's a low-code application. The solution is very easy to use. It is stable and reliable. The solution scales well. Technical support is extremely responsive.
Neethushree S - PeerSpot reviewer
User-friendly and code reusability feature for efficient utilization of existing code repositories
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. Probably there might be something that has been advanced now, but I'm talking about before six months. Maybe there has been an enhancement, but during the time that we were working, the time that would take up to build the requirements initially would need a lot of time. In future releases, Automation Anywhere should promote this product more to make it more visible. It should be promoted to increase its visibility and awareness.

Quotes from Members

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

Pros

"It's a low-code application."
"AuraPortal is very user-friendly and flexible."
"AuraPortal has the best price for its process."
"AuraQuantic's most valuable features are the zero code, user-friendly mode, and integration."
"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."
"IQ Bot's connectivity to various cloud service providers is beneficial."
"I can train all the instances and properly adjust, inject Python code to find entities, and so on, and so forth."
"Good templates means that all basics are pre-defined."
"The initial setup is easy."
"IQ Bot's most valuable feature is data migration, including Word format and legacy document templates."
"IQ Bot's best features are its variety of outputs and how it handles structured documents."
"I personally feel that the c-extraction feature is valuable. After training it for a particular document, we can see the extractions there. Other than that, it has other features like Python scripting in-built, and these are the features that I feel stand out."
 

Cons

"AuraQuantic's price could be improved."
"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."
"More documentation and the ability to extract different reports about different relations in the objects I use will help."
"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."
"Pricing is a significant concern as IQ Bot is costly. The competition, particularly with hyperscalers like Azure and AWS, offers alternatives at one-tenth of the cost."
"If even a small change is made to a PDF format, IQ Bot may fail to read it and require me to go back and create a new learning instance."
"It would be helpful if the solution was better at reading handwriting. It needs better handwriting recognition."
"The price of IQ Bot, packaged with Automation Anywhere, is too expensive for some companies and they will not use it."
"I know that Automation Anywhere just said that IQ Bot 11 and higher versions are ready to extract the documents with less than 300 DPI, however, this is not true. I never could work with documents with less than 300 DPI."
"The solution could improve by having more domain-specific templates, such as for documents other than invoices or contracts. For example, having templates for IDs or Passports."
"The success rate must be improved."
 

Pricing and Cost Advice

"The price could be better. It's quite expensive."
"The cost can be high."
"There are more affordable solutions than this."
"The solution is cost-effective compared to other market tools."
"The solution’s hardware cost is high."
"With the Cloud, the price goes up and down. You only pay for what you use."
"Solutions from Automation Anywhere are expensive."
"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."
"The pricing is reasonable."
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Use our free recommendation engine to learn which Intelligent Document Processing (IDP) solutions are best for your needs.
850,028 professionals have used our research since 2012.
 

Top Industries

By visitors reading reviews
Financial Services Firm
17%
Computer Software Company
14%
Comms Service Provider
9%
Government
9%
Computer Software Company
15%
Manufacturing Company
12%
Financial Services Firm
8%
Government
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

Ask a question
Earn 20 points
When evaluating Robotic Process Automation, what aspect do you think is the most important to look for?
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 ...
What do you like most about IQ Bot?
IQ Bot is relatively easy to use and develop.
What is your experience regarding pricing and costs for IQ Bot?
Pricing is a significant concern as IQ Bot is costly. The competition, particularly with hyperscalers like Azure ( /products/microsoft-azure-reviews ) and AWS ( /products/amazon-aws-reviews ), offe...
 

Comparisons

 

Overview

 

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
Find out what your peers are saying about AuraQuantic vs. IQ Bot and other solutions. Updated: April 2025.
850,028 professionals have used our research since 2012.