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HCL Technologies EXACTO vs UiPath Document Understanding comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

HCL Technologies EXACTO
Ranking in Intelligent Document Processing (IDP)
20th
Average Rating
0.0
Number of Reviews
0
Ranking in other categories
No ranking in other categories
UiPath Document Understanding
Ranking in Intelligent Document Processing (IDP)
2nd
Average Rating
8.2
Number of Reviews
48
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of September 2024, in the Intelligent Document Processing (IDP) category, the mindshare of HCL Technologies EXACTO is 0.4%, down from 1.3% compared to the previous year. The mindshare of UiPath Document Understanding is 16.0%, up from 6.3% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Intelligent Document Processing (IDP)
 

Featured Reviews

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JF
Aug 8, 2024
Helps reduce costs, improve accuracy, and speeds up our document processing
UiPath Document Understanding significantly streamlines our document-intensive processes through high accuracy, ensuring reliable and well-structured extracted information. It efficiently handles a wide range of documents, including both structured and unstructured PDFs. UiPath Document Understanding helps us process structured and unstructured PDFs as well as handwritten, typed, and scanned documents. We process 90 percent of our documents entirely through UiPath Document Understanding without requiring human intervention. UiPath Document Understanding has significantly reduced the need for human involvement in document processing, allowing us to focus human resources on quality control. This automation has led to a time savings of approximately 60 percent. UiPath Document Understanding does a good job handling various document formats, including handwritten and signature formats. Machine learning capabilities are crucial and profitable because they significantly reduce the time spent on document data tasks and the number of errors encountered. As a result, machine learning is enhancing our productivity and enabling us to adapt to change more effectively. Forms AI has proven reliable in predicting the content of packages within our documents, significantly reducing the number of errors in our product. UiPath Document Understanding seamlessly integrates with various third-party platforms, allowing us to combine its capabilities with web analytics tools for enhanced data analysis and processing. Additionally, its easy integration with our CRM platform further optimizes our workflow. UiPath Document Understanding has significantly benefited our organization by enabling remote work, reducing errors in document processing, and facilitating automation. We've eliminated the need for a large workforce dedicated to manual data entry, allowing us to operate efficiently with a smaller team. Additionally, the accurate data extracted through this technology empowers other departments to work seamlessly, transforming our organization into a well-oiled machine. Initially, in an automation process, we have human validation every 48 hours, but now that UiPath Document Understanding has been so reliable, we can move to human validation every 72 hours. The human validation takes three to four hours to complete. UiPath Document Understanding has significantly reduced human error due to its accuracy. Before implementing UiPath Document Understanding, processing ten documents took eight hours. Now, with UiPath Document Understanding, the same ten documents can be processed in less than thirty minutes. The most beneficial aspects of UiPath Document Understanding for our data extraction needs have been the UiPath Academy courses and the free trial, which proved to be an eye-opener. Machine learning has significantly benefited our organization by enabling the automation of numerous processes. We have successfully implemented machine learning to automate not only document generation but also report writing, analytics, and production. Furthermore, our CRM and planning processes have been streamlined through automation, which is made possible by machine learning. This technology has proven to be invaluable to our operations. AI is helping us power robots and even expand our system capacity. It is the driving force behind remote working and also the driving force behind minimal human validation.

Quotes from Members

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

Pricing and Cost Advice

Information not available
"UiPath is a pricey tool for small customers."
"UiPath Document Understanding offers fair pricing, primarily if you consider the number of resources and human work the solution reduces, plus the ROI you can get from it."
"On a scale of one to ten, where one is cheap, and ten is expensive, I rate the solution a nine."
"The price is on the high end."
"We received a 60-day free trial before having to purchase a license to continue using UiPath Document Understanding."
"The last time we implemented UiPath Document Understanding the price was high."
"One of the biggest challenges we face with UiPath is the pricing structure."
"I have only been using its free version."
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Top Industries

By visitors reading reviews
No data available
Computer Software Company
16%
Financial Services Firm
16%
Healthcare Company
7%
Manufacturing Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

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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 find the pricing to be fair. It's neither expensive nor cheap, but rather affordable, which makes the platform appealing to users.
What needs improvement with UiPath Document Understanding?
UiPath Document Understanding's training can be improved to focus more on how to handle the robots. Extending the trial period for UiPath Document Understanding from three to six months would allow...
 

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Overview

Find out what your peers are saying about ABBYY, UiPath, Automation Anywhere and others in Intelligent Document Processing (IDP). Updated: August 2024.
800,688 professionals have used our research since 2012.