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ElectroNeek vs UiPath Document Understanding 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

ElectroNeek
Ranking in Intelligent Document Processing (IDP)
14th
Average Rating
7.4
Reviews Sentiment
6.9
Number of Reviews
9
Ranking in other categories
Robotic Process Automation (RPA) (23rd)
UiPath Document Understanding
Ranking in Intelligent Document Processing (IDP)
2nd
Average Rating
8.2
Reviews Sentiment
7.2
Number of Reviews
51
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 ElectroNeek is 1.0%, up from 0.5% compared to the previous year. The mindshare of UiPath Document Understanding is 13.8%, up from 12.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Intelligent Document Processing (IDP)
 

Featured Reviews

Ishmael Munyai - PeerSpot reviewer
With an easy initial setup phase in place, the tool needs to provide functionalities like web scraping to users
It is a very scalable solution. In ElectroNeek, you can build your project in modular programming or with the use of sub-programs. You can have a lot of sub-programs that make up a whole project. If you don't wanna use the drag-and-drop activities, you can use JavaScript or Python instead. So it's very useful when you are working with things such as SPS. Actually, you can write scripts to support all the product functionalities with Python and manage the product's functions. You will find a company named Apollo Studios on the website of ElectroNeek. I think they are one of the best companies in South Africa that entered into a partnership with ElectroNeek.
ManinderSodhi - PeerSpot reviewer
The solution can process a large volume of invoices with a high success rate and little human validation
We are working with 40,000 different vendor templates. Document Understanding can understand and process various formats without much manual effort to configure the templates. That wasn't the case when we were using Microsoft. UiPath can read handwritten signatures with a success rate of around 70 percent. We've even processed pay slips in German. The language translations are around 90 percent accurate. The AI/ML component offers great flexibility in creating custom models. Its built-in models are also highly mature. The integration is seamless. We have RPA talking between our ERP systems and sharing information on the UiPath cloud.

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 initial setup phase was easy."
"ElectroNeek was extremely easy to use, especially its UI was easy to navigate with limited training."
"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 most valuable feature is the price."
"We find the OCR feature very valuable, due to the corrector recognition that it provides; this is very useful for document processing."
"The product's setup is straightforward."
"The solution is user-friendly with a really good UI and ID."
"The cost is the best thing about ElectroNeek."
"We can integrate document understanding with other systems and applications."
"It's great for document understanding for invoices and installments."
"The most valuable feature of UiPath Document Understanding is the AI Center."
"UiPath Document Understanding produces a high accuracy rate of 98 percent."
"The solution removes manual processes and reduces human dependency. It takes a lot of effort to go through each physical mail or email, extract the data and transfer it to Excel. However, the solution automates the process and works 24/7. The tool gives a complete package to process and understand documents. The valuable features include taxonomy modification, classification, workstation, etc. There are out-of-the-box features like ML models which you can custom build. We have saved time with UiPath Document Understanding. We have seen a 50 percent improvement in scanning processes. Compared to humans, the tool runs 24/7. The human error rate has also been reduced. Our human error rate is five percent now compared to the previous 15 percent. UiPath Document Understanding has also freed up our staff who now spend more time on critical tasks."
"One of the most valuable features is the intelligent recognition of the fields. The algorithm is able to recognize them based on the pattern. Also, the machine learning model enables you to use predefined solutions. The machine-learning capabilities of the solution are very cool."
"I like the clear and organized way in which UiPath has structured the labeling process, as well as the user-friendly development environment."
"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."
 

Cons

"The integrating capability of the product needs to be improved, to ensure that it works with all systems involved in a process."
"The solution works well with Google Chrome, but not with Microsoft Edge, which is the browser we use for automation."
"I think that this solution could improve remote desktop interactions."
"Its price could definitely be lower."
"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."
"It's not applicable to very large enterprises and for difficult work or more complex processes."
"ElectroNeek comes with three activities and we cannot add activities like we can with uiPADs."
"The rising annual licensing cost of UiPath's Document Understanding product is a major turnoff for users."
"It would be ideal if they could include more packages for more use cases."
"The extraction and classification process should be simplified."
"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 point where I will give it five stars. I may give it a two or three. It is still not advanced enough to identify whatever handwritten content you give to it. It can process handwriting, but you need a human to validate it. With more training, it will become more automated. It will be better by 2025, but it is still not mature enough"
"UiPath Document Understanding has difficulty identifying handwritten documents, and there is room for improvement."
"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."
"This is an expensive solution."
 

Pricing and Cost Advice

"My company has made a payment towards the purchase of a license from ElectorNeek."
"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."
"On a scale of one to ten, where one is cheap, and ten is expensive, I rate the pricing a seven."
"I give the price an eight out of ten."
"I find the pricing to be somewhat on the higher side."
"Its pricing can be looked into because it is on the higher side for developing economies, such as India, where the cost of labor is a little cheaper compared to advanced technologies."
"The cost per license is significant, approaching ten thousand dollars."
"We received a 60-day free trial before having to purchase a license to continue using UiPath Document Understanding."
"It's expensive, but you can reduce the price per license by getting more licenses. Overall, the pricing is okay."
"While Robotic Process Automation tools can be expensive, UiPath Document Understanding is no exception."
"I find the pricing to be fair."
"UiPath Document Understanding is considered a bit expensive compared to other options like Microsoft Azure, which can offer similar quality at a more affordable rate."
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Top Industries

By visitors reading reviews
Educational Organization
11%
Comms Service Provider
11%
Computer Software Company
11%
Financial Services Firm
10%
Financial Services Firm
17%
Computer Software Company
14%
Real Estate/Law Firm
7%
Insurance Company
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What do you like most about ElectroNeek?
The product's initial setup phase was easy.
What is your experience regarding pricing and costs for ElectroNeek?
My company has made a payment towards the purchase of a license from ElectorNeek.
What do you like most about UiPath Document Understanding?
The solution allows us to continue with vendors whose information comes in correctly and to stop the automation for vendors with many items that are not clearly defined.
What is your experience regarding pricing and costs for UiPath Document Understanding?
I am not aware of the pricing details. My manager handles that, and as far as I know, Instabase is more expensive.
What needs improvement with UiPath Document Understanding?
Right now, we are trying to use Instabase, which is another tool for document understanding. It may be one one step ahead. It is faster than UiPath.
 

Also Known As

ElectroNeek RPA
No data available
 

Overview

 

Sample Customers

UFP, Clariant, Ricoh, FMBCapital, RePower
Information Not Available
Find out what your peers are saying about ElectroNeek vs. UiPath Document Understanding and other solutions. Updated: April 2025.
850,028 professionals have used our research since 2012.