ElectroNeek vs IBM Datacap comparison

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ElectroNeek Logo
46 views|21 comparisons
95% willing to recommend
IBM Logo
1,367 views|562 comparisons
88% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between ElectroNeek and IBM Datacap 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. IBM Datacap Report (Updated: March 2024).
768,857 professionals have used our research since 2012.
Featured Review
Sarath Gopinathan Nair
Abderrahmane Moumile
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The product's setup is straightforward.""The solution is user-friendly with a really good UI and ID.""The product's initial setup phase was easy.""My favorite feature is that you can have unlimited bots without having to buy more licenses. That's a powerful option for scalability.""The most valuable feature is the price.""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.""ElectroNeek was extremely easy to use, especially its UI was easy to navigate with limited training."

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"At the forefront of my thoughts, the standout feature of this intelligent product is its remarkable capability. This project we're currently engaged in revolves around streamlining workflows within both our company and the customer's company. It entails handling information from various documents with diverse formats and types, even when they contain the same data. The ability to connect this information with the appropriate database and recognize it irrespective of the format or source is an extremely valuable feature. Moreover, leveraging machine learning is crucial since our customer deals with an extensive archive of over five million documents. Machine learning can significantly alleviate the backlog by becoming well-versed in various scenarios they might encounter during their work once we've completed our application.""There's something that's very unique about IBM DataCap. It provides me with a good solution for extracting, reading the QR codes, and scanning them. In this stage, we are working in a UIT phase before implementing this protocol in all our branches. From my initial observation, IBM DataCap is good, it is not working too fast, but in a good manner for us.""The solution automates manual data entry.""It's resiliency. There are multiple ways of identifying what you are looking for. There are multiple export formats.""It helps companies figure out how to use advanced imaging techniques, processes, best practices, and other tools.""The most valuable feature is its ability to capture data, which changes all the time into different formats.""It reduces human error and saves time.""I work for an insurance company, and we use Datacap for document processing."

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Cons
"The solution works well with Google Chrome, but not with Microsoft Edge, which is the browser we use for automation.""ElectroNeek comes with three activities and we cannot add activities like we can with uiPADs.""The solution needs to improve its stability.""The pricing is an area with a shortcoming, and from an improvement perspective, it needs to be made cheaper.""Its price could definitely be lower.""I think that this solution could improve remote desktop interactions.""It's not applicable to very large enterprises and for difficult work or more complex processes.""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."

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"Speed of OCR is one issue. It's a challenge because we have customers that have millions and millions of pages that they want this solution to crank through. In order to do that you have to have a large infrastructure in place, and that directly impacts licensing based on the core count.""There should be an increase in the capacity of the workflows. Datacap is a little limited in this aspect. So, you cannot really implement all the possibilities.""Its weaknesses are primarily tied to the lack of available resources and expertise in the market to effectively support and provide solutions and services to each customer for seamless implementation. Expertise in this specific product is rare throughout the market. One key reason is the product's limited downloads. Additionally, archiving solutions are often perceived as complex and challenging, dissuading many companies from venturing into this domain. Consequently, partners who specialize in archiving solutions are always seeking straightforward, uncomplicated options that are easy to manage and meet customer expectations.""Its weaknesses are primarily tied to the lack of available resources and expertise in the market to effectively support and provide solutions and services to each customer for seamless implementation.""Datacap's technology seems a little behind the industry. It's still using the old .NET framework. They should move to .NET Core and start integrating some machine learning. You can do some integration yourself, but you expect a solution to include the latest machine-learning approaches if you're paying reasonable money for it.""Currently, when you are entering invoices, you have to enter multiple rows. In Captiva the multiple rows will be dynamically added. This would be a beneficial feature for IBM to add.""Datacap has performance issues when processing large volumes of documents. We're doing 18,000 pages daily. Scanning takes almost 20-30 minutes, but it normally takes one or two minutes. We informed IBM and opened a ticket for that. They forwarded the issue to developers but didn't give a specific timeline for it to be resolved. Version 8.1 is already at the end of support.""The solution's scalability needs improvement."

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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 needs to stay competitive."
  • "You save a lot of time and money, but the benefit is you have people who are able to run the systems, check to see if there are any errors at all, and there are a lot less errors than a human system."
  • "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."
  • "We were using the User Value Unit licensing, which means we get charged per active user of the system, and if I'm not mistaken, we also had it for the rule runner service. They had a PVU license model, which is a processor value unit. For each process that we have in our system, we pay a certain amount of money. We found the pricing to be quite steep. It was really an expensive solution in comparison to Kofax, which had a different licensing model and was actually cheaper overall because they charge per page and not per user and per process."
  • "If you want IBM Datacap on cloud, which is a service run by IBM, the price can be quite expensive, but if you want to just purchase the licenses and own those yourself, then the price is very competitive."
  • "It varies, and it depends on the client's requirements and negotiations. Nowadays, Datacap is also included in the IBM Cloud Pak for Business Automation."
  • "In Egypt, we have exchange rates that change year to year, and currently, we're facing an increase in the exchange rate between our Egyptian pound and the dollar. Since we have been using IBM DataCap two years ago we had a good price, it was not expensive. However, I cannot say now if it is expensive or not because of the exchange rate. Additionally, I don't have the data of other competitors and I don't know the prices."
  • "IBM could offer more competitive pricing. This would allow them to attain more users. Some of our clients are considering moving to a different solution called Encapture which is similar but offers more competitive pricing."
  • More IBM Datacap Pricing and Cost Advice →

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    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:The installation of the solution is very simple.
    Top Answer:IBM Datacap cannot fetch unstructured data properly; it always gives you wrong information, so no one uses this solution for unstructured data. Even for structured data, sometimes the administrators… more »
    Ranking
    Views
    46
    Comparisons
    21
    Reviews
    6
    Average Words per Review
    410
    Rating
    7.0
    Views
    1,367
    Comparisons
    562
    Reviews
    12
    Average Words per Review
    647
    Rating
    7.1
    Comparisons
    Also Known As
    ElectroNeek RPA
    Datacap
    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.

    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.

    Sample Customers
    UFP, Clariant, Ricoh, FMBCapital, RePower
    Turkcell, PowerSouth Energy Cooperative, Central Nacional Unimed, Conqord Oil
    Top Industries
    REVIEWERS
    Computer Software Company33%
    Financial Services Firm33%
    Comms Service Provider8%
    Outsourcing Company8%
    VISITORS READING REVIEWS
    Computer Software Company14%
    Comms Service Provider14%
    Manufacturing Company10%
    Financial Services Firm9%
    REVIEWERS
    Computer Software Company38%
    Financial Services Firm23%
    Mining And Metals Company8%
    Transportation Company8%
    VISITORS READING REVIEWS
    Financial Services Firm20%
    Computer Software Company15%
    Government11%
    Insurance Company8%
    Company Size
    REVIEWERS
    Small Business41%
    Midsize Enterprise6%
    Large Enterprise53%
    VISITORS READING REVIEWS
    Small Business31%
    Midsize Enterprise17%
    Large Enterprise52%
    REVIEWERS
    Small Business46%
    Midsize Enterprise15%
    Large Enterprise38%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise14%
    Large Enterprise69%
    Buyer's Guide
    ElectroNeek vs. IBM Datacap
    March 2024
    Find out what your peers are saying about ElectroNeek vs. IBM Datacap and other solutions. Updated: March 2024.
    768,857 professionals have used our research since 2012.

    ElectroNeek is ranked 10th in Intelligent Document Processing (IDP) with 9 reviews while IBM Datacap is ranked 6th in Intelligent Document Processing (IDP) with 26 reviews. ElectroNeek is rated 7.4, while IBM Datacap 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 IBM Datacap writes "The ability to connect this information with the appropriate database and recognize it irrespective of the format or source is an extremely valuable feature". ElectroNeek is most compared with UiPath, Microsoft Power Automate, Robocorp and Automation Anywhere (AA), whereas IBM Datacap is most compared with ABBYY Vantage, Microsoft Power Automate, Tungsten TotalAgility, HyperScience and OpenText Intelligent Capture. See our ElectroNeek vs. IBM Datacap report.

    See our list of best Intelligent Document Processing (IDP) vendors and best Robotic Process Automation (RPA) 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.