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Logo of Nanonets

Nanonets

byNanonets
in
4.8
Market Presence: Intelligent Document Processing Solutions, 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
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.
There are no reviews in this category.
CRITICAL

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

Reviewer Insights for: Nanonets

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

- Invoice extraction accuracy with human review wherever confidence is low - Approvals from email inbox and Slack

Like

Flexibility and ability to customize to workflows pertinent to small startups, invoice processing accuracy, and approval workflows.

Dislike

-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

Dislike

- Pricing is too complex - especially for someone starting off - No payment module

Dislike

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

Showing data for 13 ratings and reviews for Accounts Payable Applications market. View all 42 ratings and reviews across markets for a complete picture.

4.8

(13 Ratings)

Rating Distribution

5 Star
85%
4 Star
15%
3 Star
0%
2 Star
0%
1 Star
0%
Why ratings and reviews count differ?

Customer Experience

Evaluation & Contracting

4.8

Integration & Deployment

4.8

Service & Support

4.8

Product Capabilities

4.6

Filter Reviews
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  • 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.
  • Chief Technology Officer
    <50M USD
    Software
    Review Source

    Streamlining AP Workflow: Nanonets Highlights Inaccurate Invoices for Review

    5.0
    Apr 2, 2025
    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 USD
    IT Services
    Review Source

    Nanonets stands out for Flexibility and Customized Workflows

    5.0
    Mar 24, 2025
    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 USD
    Software
    Review Source

    Discover the Immediate Response and Simple Flow of OCR

    4.0
    Mar 9, 2025
    OCR gives excellent results. Support is good. Company is open to hearing new requests.
  • Head of Data Recognition
    <50M USD
    Banking
    Review Source

    Nanonets: Offering OCR Vendor Change with Custom Changes

    5.0
    Feb 7, 2025
    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
Showing Result 1-5 of 13

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