Hubdoc (by Xero) Alternative

Document capture and data extraction software owned by Xero. Free with Xero subscription. Fetches bank statements, bills, and receipts automatically.

AI ParserToronto, CanadaFounded 2011

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Company Overview

About Hubdoc (by Xero)

Document capture and data extraction software owned by Xero. Free with Xero subscription. Fetches bank statements, bills, and receipts automatically.

Team Size:100+ (part of Xero)
Funding:Acquired by Xero in 2018

Target Market

Existing Xero users looking for document capture add-on

Business Size:

small

Industries:

All industries

Geography:

GlobalStrong in UK/ANZ

Features Overview

AI-Powered

UK Compliance

VAT Support

CIS Support

Automation

Mobile App

API Access

Custom Templates

Multi-Currency

Batch Processing

OCR Accuracy: 95%

Accounting Integrations

XeroQuickBooks

Pricing Structure

Free with Xero

Free
  • Included with any Xero plan

  • Bank statement fetch

  • Invoice/receipt capture

  • Mobile app

  • Email support

POPULAR

Standalone

GBP12/month
  • Without Xero subscription

  • Basic document capture

  • QuickBooks integration

Pros & Cons

Strengths

5
  • Free with Xero subscription (major value)

  • Deep Xero integration (seamless workflow)

  • Bank statement auto-fetch

  • Mobile app for receipt capture

  • UK VAT support

Weaknesses

6
  • Requires Xero subscription (lock-in)

  • Lower accuracy (95% vs 99%)

  • Recent reliability issues (user reviews)

  • Limited features vs Dext

  • No CIS support

  • Slower processing than competitors

Customer Reviews

4

Overall Rating

3.9

G2

4.2

Capterra

Common User Feedback

"Great value if you use Xero"

"Reliability issues reported in 2024"

"Good for basic needs, not complex invoices"

"Xero integration is seamless"

Why Choose Elektroluma Over Hubdoc (by Xero)?

Elektroluma Advantages

AI-Powered Automation

Automated invoice parsing and data extraction with 99% accuracy. No manual data entry required.

90% Faster Processing

Process invoices in under 5 seconds vs 5-10 minutes manual entry. Save hours every week.

UK-First Compliance

Built-in VAT, CIS, and HMRC compliance. Designed specifically for UK small businesses.

UK Data Residency

All data stored in UK data centers. GDPR compliant with UK-based support team.

Key Differentiators

Higher accuracy (99% vs Hubdoc's 95%)

Works with Xero AND QuickBooks (not just Xero)

No Xero subscription required (standalone)

Better for complex invoices (line items)

CIS support for UK construction

Restaurant/warehouse vertical features

Easy Migration Path

Xero users keep Hubdoc for receipts, add Elektroluma for complex supplier invoices. Complement each other rather than replace.

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