Nanonets is an AI-driven solution that automates document processing and data extraction workflows. Leveraging advanced Optical Character Recognition (OCR) and deep learning models, Nanonets helps companies automate document-heavy business processes like accounts payable, order processing and insurance underwriting.
Nanonets processes unstructured documents such as invoices, receipts, purchase orders, contracts, claims, and forms and converts them into structured output. By integrating with your existing systems via APIs, Nanonets can reduce manual effort by up to 90%, delivering industry-leading accuracy, speed, and cost savings of up to 50%.
Overview
Nanonets is an AI-driven solution that automates document processing and data extraction workflows. Leveraging advanced Optical Character Recognition (OCR) and deep learning models, Nanonets helps companies automate document-heavy business processes like accounts payable, order processing and insurance underwriting.
Nanonets processes unstructured documents such as invoices, receipts, purchase orders, contracts, claims, and forms and converts them into structured output. Trusted by 34% of Fortune 500 companies, Nanonets scales from small to enterprise-grade document automation, providing an intuitive and highly customizable platform that streamlines business workflows.
By integrating with your existing systems via APIs, Nanonets can reduce manual effort by up to 90%, delivering industry-leading accuracy, speed, and cost savings of up to 50%.
For custom pricing, EULA, or a private contract, please contact support@nanonets.com for a private offer.
Highlights
- Extract meaningful information from unstructured data
- Automate any complex business processe with AI
- 3.5x median ROI over a 6-month payback period
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Financing for AWS Marketplace purchases
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Pricing
Pricing is based on contract duration. You pay upfront or in installments according to your contract terms with the vendor. This entitles you to a specified quantity of use for the contract duration. Usage-based pricing is in effect for any usage exceeds the entitle amount or not covered in the contract. These charges will be applied on top of the contract price. If you choose not to renew or replace your contract before it ends, access to your entitlements will expire.
Dimension | Description | Cost/month |
|---|---|---|
users | Number of users allowed via SSO | $42.00 |
models | 1 Model and 5000 pages per month | $500.00 |
The following dimensions are not included in the contract terms, which will be charged based on your usage.
Dimension | Cost/unit |
|---|---|
Additional pages processed on top of what is available | $0.01 |
Customization charges | $1.00 |
Vendor refund policy
Nanonets platform supports the Trial period during which the platform can be accessed for free and refundable within the trial period if you want to cancel. If you need any more changes to the plan or refund post the trial period please contact us.
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Support
Vendor support
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Customer reviews
Sporting Goods
Streamlining new vendor onboarding and invoice processing
Reviewed on Dec 18, 2024
Review provided by G2
What do you like best about the product?
Nanonets uses sophisticated algorithms that accurately extract data from invoices, even with complex or non-standard layouts. The AI continuously learns and improves its extraction accuracy, reducing manual data entry errors and saving significant time for our team. The platform also allows users to create highly customizable workflows that can automatically route invoices, trigger approvals, and perform actions based on specific rules.
What do you dislike about the product?
Nanonets' invoice processing and workflow automation features may require substantial initial setup and configuration.
The platform's pricing model might be less transparent or more expensive than some competitors, especially for small to medium-sized businesses.
Manual verification might still be necessary, potentially reducing the expected efficiency gains in some cases.
The platform's pricing model might be less transparent or more expensive than some competitors, especially for small to medium-sized businesses.
Manual verification might still be necessary, potentially reducing the expected efficiency gains in some cases.
What problems is the product solving and how is that benefiting you?
We onboard a lot of new vendors on a monthly basis and often vendors also end up using multiple non-standard invoice formats (we even receive different formats from the same vendor).
Syncing vendor data into our ERP and streamlining the data ingestion was a big pain. Nanonets has helped streamline this to a great extent, cutting down manhours significantly.
Syncing vendor data into our ERP and streamlining the data ingestion was a big pain. Nanonets has helped streamline this to a great extent, cutting down manhours significantly.
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Vlad B.
Nanonets: Ease of use and number of features.
Reviewed on Dec 16, 2024
Review provided by G2
What do you like best about the product?
Nanonets significantly improved our accuracy compared to the previous system we were using. The platform has a user-friendly interface, seamless integration, and excellent customer support that was always available to answer our questions.
What do you dislike about the product?
While the platform is user-friendly for simple tasks, setting up advanced workflows may require a deeper understanding of its features. Training models for unique document types or workflows can also be time-consuming, as it requires uploading sufficient data to achieve accurate results.
What problems is the product solving and how is that benefiting you?
Document scanning. Provides a higher accuracy compared to other softwares.
Jyoti F.
Building efficiencies (both time and costs) with Nanonets
Reviewed on Dec 16, 2024
Review provided by G2
What do you like best about the product?
We had a unique use case for the Nanonets team to tackle and they met the challenge with expertise. We are not in the "OCR"-field, and they were patient with our questions, with open lines of communication and suggestions for solutions throughout the setup. The platform itself is user-friendly (see aforementioned "not in the OCR-field"), and we access it constantly at our own leisure. They embedded themselves in our original research objective and have been the connection point across our multiple vendors and platforms. We keep coming back with requests for additional services and they have delivered on each so far. They have been a huge asset in our data collection process, saving both time and headaches for our team.
What do you dislike about the product?
The initial customer service response time was slower but they have implemented a support team that has addressed this issue.
What problems is the product solving and how is that benefiting you?
Nanonets is automating our primary research data collection process. It saves us time and investing in other platforms to verify respondent data.
Marketing and Advertising
Automated email triaging and associated workflows
Reviewed on Dec 13, 2024
Review provided by G2
What do you like best about the product?
It has saved us numerous hours per week that we would have otherwise spent in triaging and classifying incoming emails into those relevant for each department.
Apart from the initial onboarding setup, the entire workflow is now managed in-house which is super efficient, especially since we don't have technical expertise.
Apart from the initial onboarding setup, the entire workflow is now managed in-house which is super efficient, especially since we don't have technical expertise.
What do you dislike about the product?
The pricing is quite high right now at our current usage levels, but as we scale our processes and volume discounts kick in I hope we can settle at a more comfortable range.
What problems is the product solving and how is that benefiting you?
We receive a ton of inbound emails pertaining to support tickets, client outreach, and stuff that we would like to ignore. As a creative agency, all hands on deck typically focus on creative work and so triaging and redirecting these emails to the right point of contact internally was a huge drain of time. Nanonets helped set up a workflow where all emails are first read by Nanonets AI and traiged into different buckets: support tickets, inbound leads or prospective clients, vendor outreach and spam. Emails tagged as such are forwarded to the right people who can take immediate next steps. This has helped us avoid hiring a dedicated person to do this task and free up time for all creative personnel to focus on what they do best: create amazing content.
Financial Services
Helpful Customer service and Excellent OCR extraction
Reviewed on Dec 03, 2024
Review provided by G2
What do you like best about the product?
Accurate OCR extraction
Excellent customer service
Good excel output
Excellent customer service
Good excel output
What do you dislike about the product?
Sometimes characters are added to the extraction that aren't there.
Has difficulty reading blurred documents (not unusual)
Has difficulty reading blurred documents (not unusual)
What problems is the product solving and how is that benefiting you?
It is helping us to extract information from large scale pdf files that would in turn take hours to manually type to an excel spreadsheet.