I observe sometimes a difference between Process Monitor and Network Monitor. Process Monitor does not show some UDP / TCP network events.
Here is an example:
net use * \\test12345.domain.local\test
shows in Netmon as:

shows in Process Monitor:

Why is the NetBIOS nameservice (:137) communication is missing in Process Monitor?
(I've tested it on several virtual and physical Windows PCs, like Windows Server 2008 R2, Windows 7, and Windows Server 2008.)