Overview
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Overall experience with Nanonets
“Exploring the Double-Edged Impact of Nanonets on Business Operations”
About Company
Company Description
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.
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Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
Reviewer Insights for: Nanonets
Nanonets Likes & Dislikes
-Handles various invoice formats without requiring predefined templates -The automated approval workflows are intuitive to configure and have eliminated bottlenecks that previously delayed payments
- Invoice extraction accuracy with human review wherever confidence is low - Approvals from email inbox and Slack
Flexibility and ability to customize to workflows pertinent to small startups, invoice processing accuracy, and approval workflows.
-While Nanonets offers extensive integration options, we experienced some compatibility issues with our accounting software that required custom workarounds. -Customer support could be a little more proactive in getting back to us
- Pricing is too complex - especially for someone starting off - No payment module
The new usage-based pricing is quite hard to transition to, onboarding was pretty involved and took a couple of weeks.
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Peer Discussions
Nanonets Reviews and Ratings
- Director of Software Development<50M USDConsumer GoodsReview Source
Exploring the Double-Edged Impact of Nanonets on Business Operations
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. - Chief Technology Officer<50M USDSoftwareReview Source
Streamlining AP Workflow: Nanonets Highlights Inaccurate Invoices for Review
What impressed me most about Nanonets is how it streamlined our entire AP workflow without sacrificing accuracy. While it doesn't guarantee 100% accuracy, the system highlights very well invoices/data that need human review - this saves us a lot of time from reviewing data that has been captured correctly - Chief Executive Officer<50M USDIT ServicesReview Source
Nanonets stands out for Flexibility and Customized Workflows
Overall, the engagement with Nanonets has been quite fruitful and we are satisfied with the amount of automation we've achieved. The service and time to resolution has been stellar as well. - VP<50M USDSoftwareReview Source
Discover the Immediate Response and Simple Flow of OCR
OCR gives excellent results. Support is good. Company is open to hearing new requests. - Head of Data Recognition<50M USDBankingReview Source
Nanonets: Offering OCR Vendor Change with Custom Changes
We have another older OCR program in use in our company by another vendor. And the overall experience in communication and product support could not be more different. These differences convinced us to swap out our old OCR vendor for Nanonets



