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Instabase vs UiPath Document Understanding comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Instabase
Ranking in Intelligent Document Processing (IDP)
11th
Average Rating
0.0
Number of Reviews
0
Ranking in other categories
Process Automation (44th)
UiPath Document Understanding
Ranking in Intelligent Document Processing (IDP)
2nd
Average Rating
8.2
Reviews Sentiment
7.5
Number of Reviews
49
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2024, in the Intelligent Document Processing (IDP) category, the mindshare of Instabase is 6.4%, up from 3.9% compared to the previous year. The mindshare of UiPath Document Understanding is 16.0%, up from 8.2% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Intelligent Document Processing (IDP)
 

Featured Reviews

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José Arthur Brasileiro - PeerSpot reviewer
Nov 9, 2023
Is easy to configure, user-friendly, and produces accurate results
The data we extract using Document Understanding relates to vehicle accidents. The insurance company uses this data to charge third parties involved and recover most of their money with minimal human intervention. We are extracting information from 50 insurance documents to prove the concept of showing coverage for those involved in the accident. The information from the insurance company is in PDF format and is structured so that we can easily extract information from it. The other public policy documents vary in quality depending on the state and district in Brazil. We have 27 states, and these documents are unstructured, making it difficult to extract data from them. Sometimes they are in image format, and other times they are in PDF format. The 50 structured PDF documents from the insurance company are all 100 percent automated using UiPath Document Understanding. We are impressed with the machine learning and AI capabilities of Document Understanding. We can use APIs to identify whenever a vehicle accident is reported, which helps our business. Using the AI we can access vehicle accident reports and train the machine learning to understand the majority of the documents we extract information from to help improve our business processes. We use the UiPath platform orchestrator with an API to integrate with OpenAI. UiPath Document Understanding has helped our organization demonstrate to potential customers how the solution, together with AI and machine learning, can benefit their businesses. Before Document Understanding our process took 15 minutes per document and now it takes under one minute. Document Understanding has helped free up our staff's time to work on other projects.

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
"The price for UiPath Document Understanding is a bit expensive."
"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."
"UiPath Document Understanding compared to the competitors is high."
"UiPath Document Understanding carries a premium price tag, but its current technological capabilities may not yet fully justify the cost."
"I do not know about its price, but for large organizations, UiPath is cheap, whereas, for small organizations, UiPath is high. For example, if 500 licenses are needed for one company, UiPath is cheap. If only 5 licenses are required, UiPath is costly."
"Our clients are concerned about the volume-based pricing model, as UiPath charges more than other vendors in the market."
"While Robotic Process Automation tools can be expensive, UiPath Document Understanding is no exception."
"I used the community version, so there was no fee."
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Top Industries

By visitors reading reviews
Financial Services Firm
51%
Computer Software Company
8%
Insurance Company
6%
Healthcare Company
4%
Computer Software Company
16%
Financial Services Firm
15%
Real Estate/Law Firm
9%
Healthcare 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: November 2024.
815,854 professionals have used our research since 2012.