ElectroNeek vs IQ Bot comparison

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ElectroNeek Logo
45 views|21 comparisons
95% willing to recommend
Automation Anywhere Logo
6,511 views|610 comparisons
89% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between ElectroNeek 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 ElectroNeek vs. IQ Bot Report (Updated: March 2024).
770,394 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 drag and drop feature, which is no code, is very useful for me because I am not a technical person. It is very user-friendly.""The product's setup is straightforward.""The cost is the best thing about ElectroNeek.""We find the OCR feature very valuable, due to the corrector recognition that it provides; this is very useful for document processing.""The most valuable feature is the price.""ElectroNeek was extremely easy to use, especially its UI was easy to navigate with limited training.""The product's initial setup phase was easy.""The solution is user-friendly with a really good UI and ID."

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"IQ Bot is relatively easy to use and develop.""The initial setup is easy.""I can train all the instances and properly adjust, inject Python code to find entities, and so on, and so forth.""IQ Bot has helped my organization transform digital documents and files into information to be processed.""IQ Bot is easy to use compared to some of the other solutions out there.""IQ Bot is quite user-friendly. And the drag-and-drop option is there, which makes the developer more comfortable.""IQ Bot has the capability to identify changes and remap its settings accordingly. It also has the ability to learn.""The most valuable feature is the cognitive, self-learning component that understands the undefined templates."

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Cons
"ElectroNeek comes with three activities and we cannot add activities like we can with uiPADs.""Its price could definitely be lower.""When I wanted to use web scraping for tables in web applications, I found through online forums that such functionality or activity is currently not working as it shows.""I think that this solution could improve remote desktop interactions.""The solution works well with Google Chrome, but not with Microsoft Edge, which is the browser we use for automation.""The pricing is an area with a shortcoming, and from an improvement perspective, it needs to be made cheaper.""It's not applicable to very large enterprises and for difficult work or more complex processes.""The integrating capability of the product needs to be improved, to ensure that it works with all systems involved in a process."

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"It should be easier to install and configure. We had some issues during the initial setup, and we are resolving them with the help of their support. Its initial setup is complex. Their web pages are not really structured. Because they have multiple products that are more or less similar, it is sometimes hard to understand which documentation you're actually reading and using. Their documentation and web pages should be structured in a better way. In terms of new features, it is a little too early to provide inputs. I need more real business cases to see what is lacking. We haven't yet got those. We are currently testing it from a technical point of view.""It would be good if the solution could extract or capture details from unstructured data.""The log scripts can only be written in Python, there is no compatible language.""The success rate must be improved.""Could improve with regard to hand-written documents.""The price of IQ Bot, packaged with Automation Anywhere, is too expensive for some companies and they will not use it.""It was challenging to have to do the pre-processing and tax inputting on our own.""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."

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Pricing and Cost Advice
  • "It's very affordable and the licensing is billed on a yearly basis."
  • "Its price could definitely be lower. Its licensing is on a yearly basis. There is no additional cost to the standard licensing fees."
  • "I believe we had a Silver Membership or something similar annually."
  • "I give the price an eight out of ten."
  • "On a scale of one to ten, where one is cheap, and ten is expensive, I rate the pricing a seven."
  • "My company has made a payment towards the purchase of a license from ElectorNeek."
  • More ElectroNeek 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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    Use our free recommendation engine to learn which Intelligent Document Processing (IDP) solutions are best for your needs.
    770,394 professionals have used our research since 2012.
    Questions from the Community
    Top Answer:Yea there are. For example Electroneek. 
    Top Answer:The product's initial setup phase was easy.
    Top Answer:My company has made a payment towards the purchase of a license from ElectorNeek.
    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
    45
    Comparisons
    21
    Reviews
    6
    Average Words per Review
    410
    Rating
    7.0
    Views
    6,511
    Comparisons
    610
    Reviews
    24
    Average Words per Review
    507
    Rating
    7.5
    Comparisons
    Also Known As
    ElectroNeek RPA
    Learn More
    Overview

    ElectroNeek is an Intelligent Automation Platform transforming business process management in enterprises by integrating AI bots with employee workflows, automating routines, and helping humans to focus on more creative and strategic tasks. ElectroNeek provides a wide range of exciting low-code automation tools based on RPA, IDP, AI and GPT-4 (Conversational and Generative) technologies.

    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
    UFP, Clariant, Ricoh, FMBCapital, RePower
    Synergy
    Top Industries
    REVIEWERS
    Computer Software Company33%
    Financial Services Firm33%
    Comms Service Provider8%
    Outsourcing Company8%
    VISITORS READING REVIEWS
    Computer Software Company14%
    Comms Service Provider13%
    Manufacturing Company9%
    Financial Services Firm9%
    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 Business41%
    Midsize Enterprise6%
    Large Enterprise53%
    VISITORS READING REVIEWS
    Small Business32%
    Midsize Enterprise17%
    Large Enterprise50%
    REVIEWERS
    Small Business26%
    Midsize Enterprise17%
    Large Enterprise57%
    VISITORS READING REVIEWS
    Small Business28%
    Midsize Enterprise16%
    Large Enterprise56%
    Buyer's Guide
    ElectroNeek vs. IQ Bot
    March 2024
    Find out what your peers are saying about ElectroNeek vs. IQ Bot and other solutions. Updated: March 2024.
    770,394 professionals have used our research since 2012.

    ElectroNeek is ranked 10th in Intelligent Document Processing (IDP) with 9 reviews while IQ Bot is ranked 2nd in Intelligent Document Processing (IDP) with 48 reviews. ElectroNeek is rated 7.4, while IQ Bot is rated 7.6. The top reviewer of ElectroNeek writes "User-friendly, good UI, but does not work well with Microsoft Edge". On the other hand, the top reviewer of IQ Bot writes "User-friendly and code reusability feature for efficient utilization of existing code repositories". ElectroNeek is most compared with UiPath, Microsoft Power Automate, Automation Anywhere (AA) and Robocorp, whereas IQ Bot is most compared with ABBYY Vantage and UiPath Document Understanding. See our ElectroNeek 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.