ElectroNeek vs UiPath Document Understanding comparison

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ElectroNeek Logo
45 views|21 comparisons
95% willing to recommend
UiPath Logo
1,735 views|799 comparisons
92% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between ElectroNeek and UiPath Document Understanding 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. UiPath Document Understanding Report (Updated: March 2024).
770,292 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 product's setup is straightforward.""The most valuable feature is the price.""The cost is the best thing about ElectroNeek.""The solution is user-friendly with a really good UI and ID.""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.""My favorite feature is that you can have unlimited bots without having to buy more licenses. That's a powerful option for scalability.""The product's initial setup phase was easy."

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"Invoice processing is the most valuable feature. Most of my customers use Document Understanding for invoice processing. That's one of the most common use cases. Typically, each customer starts their RPA journey with the finance department because that's the area where you can see the most benefit.""The entity-level extraction is very good. The workflow is also very good.""UiPath Document Understanding is user-friendly, with an easy-to-use self-trained model, and the OCR it provides does a good job even with scanned PDFs.""In UiPath Document Understanding, I use two extractors. One is the Intelligent Form Extractor and the other is the Machine Learning Extractor. The first one is very useful and user-friendly. When we have a single template or two to three templates, Intelligent Form Extractor is much easier to use. But if we have multiple templates, it's better to go with ML Extractor as you can train the model with different templates.""UiPath Document Understanding's image file extraction feature is the best in any OCR solution.""I like the clear and organized way in which UiPath has structured the labeling process, as well as the user-friendly development environment.""It's great for document understanding for invoices and installments.""There are many features that can be added to the action center to keep humans in the loop to evaluate the accuracy of the extracted data."

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Cons
"The solution needs to improve its stability.""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.""I think that this solution could improve remote desktop interactions.""ElectroNeek comes with three activities and we cannot add activities like we can with uiPADs.""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.""The integrating capability of the product needs to be improved, to ensure that it works with all systems involved in a process.""It's not applicable to very large enterprises and for difficult work or more complex processes."

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"The documentation should be more clear, or better training should be provided.""There is still room for enhancement in capturing line items from invoices.""Currently, we have to train multiple templates because the column size and row size change in each PDF.""Making the design of Forms AI more flexible and accommodating to companies' branding preferences would be beneficial.""One area of improvement for UiPath Document Understanding is the accuracy of handwritten documents. While the solution supports handwritten documents, the accuracy percentage is not as high as desired.""The interface has room for improvement.""The UiPath APIs lack reliable table parsing.""UiPath Document Understanding has difficulty identifying handwritten documents, and there is room for 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 →

  • "Document Understanding's price is quite high."
  • "For the licensing part, in our company, we initially started off with a monthly plan, but yearly plans are also there. Cost-wise, UiPath Document Understanding is good since it provides flexibility in its pricing."
  • "On a scale of one to ten, where one is cheap, and ten is expensive, I rate the solution a nine."
  • "The pricing is reasonable."
  • "It's expensive, but you can reduce the price per license by getting more licenses. Overall, the pricing is okay."
  • "We received a 60-day free trial before having to purchase a license to continue using UiPath Document Understanding."
  • "On a scale of one to ten with ten being the most expensive, I rate UiPath Document Understanding an eight on cost."
  • "Our clients are concerned about the volume-based pricing model, as UiPath charges more than other vendors in the market."
  • More UiPath Document Understanding 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:Invoice processing is the most valuable feature. Most of my customers use Document Understanding for invoice processing. That's one of the most common use cases. Typically, each customer starts their… more »
    Top Answer:Document Understanding's pricing is reasonable for developed markets because manual entry will be unable to match the cost of automatically processing one page. However, you can get labor for much… more »
    Top Answer:Document Understanding's handwriting comprehension is improving, but it's still not as good as printed documents. Machine learning models, in general, are becoming mature, but it's still not to a… more »
    Ranking
    Views
    45
    Comparisons
    21
    Reviews
    6
    Average Words per Review
    410
    Rating
    7.0
    Views
    1,735
    Comparisons
    799
    Reviews
    40
    Average Words per Review
    905
    Rating
    8.1
    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.

    Wouldn’t it be great if software robots could understand documents? To extract, interpret, and process data for you, even from PDFs, images, handwriting, and scans? UiPath Document Understanding helps your robots do just that. Delegate more of your digital paperwork with a boost from AI.

    Sample Customers
    UFP, Clariant, Ricoh, FMBCapital, RePower
    Information Not Available
    Top Industries
    REVIEWERS
    Computer Software Company33%
    Financial Services Firm33%
    Outsourcing Company8%
    Real Estate/Law Firm8%
    VISITORS READING REVIEWS
    Computer Software Company14%
    Comms Service Provider13%
    Manufacturing Company9%
    Financial Services Firm9%
    REVIEWERS
    Computer Software Company39%
    Manufacturing Company17%
    Comms Service Provider9%
    Financial Services Firm4%
    VISITORS READING REVIEWS
    Financial Services Firm16%
    Computer Software Company15%
    Manufacturing Company7%
    Healthcare Company7%
    Company Size
    REVIEWERS
    Small Business41%
    Midsize Enterprise6%
    Large Enterprise53%
    VISITORS READING REVIEWS
    Small Business32%
    Midsize Enterprise17%
    Large Enterprise50%
    REVIEWERS
    Small Business40%
    Midsize Enterprise16%
    Large Enterprise44%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise12%
    Large Enterprise70%
    Buyer's Guide
    ElectroNeek vs. UiPath Document Understanding
    March 2024
    Find out what your peers are saying about ElectroNeek vs. UiPath Document Understanding and other solutions. Updated: March 2024.
    770,292 professionals have used our research since 2012.

    ElectroNeek is ranked 10th in Intelligent Document Processing (IDP) with 9 reviews while UiPath Document Understanding is ranked 3rd in Intelligent Document Processing (IDP) with 45 reviews. ElectroNeek is rated 7.4, while UiPath Document Understanding is rated 8.2. 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 UiPath Document Understanding writes "Is easy to configure, user-friendly, and produces accurate results". ElectroNeek is most compared with UiPath, Microsoft Power Automate, Automation Anywhere (AA) and Robocorp, whereas UiPath Document Understanding is most compared with ABBYY Vantage, Instabase, Tungsten TotalAgility, Nanonets and IQ Bot. See our ElectroNeek vs. UiPath Document Understanding 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.