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Nanonets

byNanonets
in
4.7
Market Presence: Intelligent Document Processing Solutions (Transitioning to Intelligent Document Processing), Accounts Payable Applications

Overview

Product Information on Nanonets

Updated 22nd November 2024

What is Nanonets?

Nanonets is an AI-driven solution that automates document processing and data extraction workflows. Nanonets helps businesses automate document-heavy business processes like accounts payable, order processing, and insurance underwriting. Leveraging advanced Optical Character Recognition (OCR) and deep learning models, Nanonets processes unstructured documents such as invoices, receipts, POs, bank statements, bills of lading, contracts, insurance claims, and healthcare forms and converts them into structured output that can be fed into downstream systems.

Nanonets Pricing

Nanonets Product Images

Intelligent data capture
Intelligent data capture
Confidence scores
Confidence scores
Train own data capture model
Train own data capture model

Overall experience with Nanonets

Director of Software Development
<50M USD, Consumer Goods
FAVORABLE

“Exploring the Double-Edged Impact of Nanonets on Business Operations”

4.0
Apr 4, 2025
This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions.
Director of Sales
<50M USD, Software
CRITICAL

“Nanonets: Speed Variability and Bug Issues Affecting an otherwise good product”

3.0
Jan 31, 2025
This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions.

About Company

Company Description

Updated 22nd November 2024

Nanonets is an AI-driven solution that automates document processing and data extraction workflows. Nanonets helps businesses automate document-heavy business processes like accounts payable, order processing, and insurance underwriting. Leveraging advanced Optical Character Recognition (OCR) and deep learning models, Nanonets processes unstructured documents such as invoices, receipts, POs, bank statements, bills of lading, contracts, insurance claims, and healthcare forms and converts them into structured output that can be fed into downstream systems.

Company Details

Updated 26th February 2025
Company type
Private
Year Founded
2017
Head office location
San Francisco, United States
Number of employees
51 - 200
Website
https://nanonets.com

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Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

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Peer Discussions

Nanonets Reviews and Ratings

4.7

(42 Ratings)

Rating Distribution

5 Star
69%
4 Star
29%
3 Star
2%
2 Star
0%
1 Star
0%
Why ratings and reviews count differ?
  • Director of Software Development
    <50M USD
    Consumer Goods
    Review Source

    Exploring the Double-Edged Impact of Nanonets on Business Operations

    4.0
    Apr 4, 2025
    We switched to Nanonets last year and it's been a mixed bag so far. The time savings are real, we're processing invoices about 70% faster than before, but we had to go through some painful trial and error with the setup.
  • Director of Software Development
    <50M USD
    Consumer Goods
    Review Source

    Exploring the Double-Edged Impact of Nanonets on Business Operations

    4.0
    Apr 4, 2025
    We switched to Nanonets last year and it's been a mixed bag so far. The time savings are real, we're processing invoices about 70% faster than before, but we had to go through some painful trial and error with the setup.
  • Read All 42 Reviews

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Recommended Gartner Insights

  • Critical Capabilities for Intelligent Document Processing Solutions (Transitioning to Intelligent Document Processing)
  • Magic Quadrant for Intelligent Document Processing Solutions (Transitioning to Intelligent Document Processing)
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Nanonets Likes & Dislikes

Like

-Handles various invoice formats without requiring predefined templates -The automated approval workflows are intuitive to configure and have eliminated bottlenecks that previously delayed payments

Like

-Handles various invoice formats without requiring predefined templates -The automated approval workflows are intuitive to configure and have eliminated bottlenecks that previously delayed payments

Like

-Handles various invoice formats without requiring predefined templates -The automated approval workflows are intuitive to configure and have eliminated bottlenecks that previously delayed payments

Dislike

1. The processing speed of the platform seems to vary wildly. Sometimes, it will fly through 200 documents, and sometimes it seems to take 10 minutes to go through <50 docs. 2. The product has broken at inopportune times. Our clients rely on speed of service, so delays due to the product breaking has been a source of frustration at times. 3. Sometimes due to most of the staff being located overseas, response is not immediate to an issue although we are typically happy with the help when we receive it.

Dislike

1. The processing speed of the platform seems to vary wildly. Sometimes, it will fly through 200 documents, and sometimes it seems to take 10 minutes to go through <50 docs. 2. The product has broken at inopportune times. Our clients rely on speed of service, so delays due to the product breaking has been a source of frustration at times. 3. Sometimes due to most of the staff being located overseas, response is not immediate to an issue although we are typically happy with the help when we receive it.

Dislike

1. The processing speed of the platform seems to vary wildly. Sometimes, it will fly through 200 documents, and sometimes it seems to take 10 minutes to go through <50 docs. 2. The product has broken at inopportune times. Our clients rely on speed of service, so delays due to the product breaking has been a source of frustration at times. 3. Sometimes due to most of the staff being located overseas, response is not immediate to an issue although we are typically happy with the help when we receive it.

Reviewer Insights for: Nanonets
Performance of Nanonets Across Market Features