Name: Nanonets
Rating: 4.7 (42 reviews)

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.

Overall experience with Nanonets

IT Infrastructure Specialist

3B - 10B USD, Manufacturing

FAVORABLE

“Fast and accurate for efficient data extraction with good AI integration”

5.0

Mar 20, 2025

The data extraction features on this platform are very well implemented and communication with support has always been fast and very effective.

Director of Sales

<50M USD, Software

CRITICAL

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

3.0

Jan 31, 2025

While this product provides a very helpful service, it seems to be very buggy at times. Also, we have seen a lot of variation in speed of the product. That being said, it has made life easier in many ways and provided an avenue for greater productivity for our company. If Nanonets could consistently be bug-free and faster to process documents, this would be a perfect review.

About Company

Company Description

Company Details

Company type

Private

Year Founded

2017

Head office location

San Francisco, United States

Number of employees

51 - 200

Website

https://nanonets.com

Do You Manage Peer Insights at Nanonets?

Access Vendor Portal to update and manage your profile.

Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

Reviewer Insights for: Nanonets

Performance of Nanonets Across Market Features

Nanonets Likes & Dislikes

Its user-friendly and integrates well with our workflows which greatly supports efficient document inflow and filtering, providing a higher accuracy in data extraction compared to other similar tools.

Using this product has allowed us to process thousands more documents than we would have been able to otherwise. Also, the customer service is fairly quick and helpful.

Functionality, QBO integration, and support has been very helpful.

While user-friendly, it can take some time to fully optimize and customize for specific workflows.

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.

Periodically we have issues with the transmission of invoices from our portal to the system. On occasion, we have issues with due dates auto filling in based on the created vendor profiles and if not caught then we have vendors that are paid later than their terms are set to. We often have issues with the approval rules accurately applying to invoices that are set to rules and we have to manually add additional approvers, that should automatically assign when the invoice is submitted.

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Peer Discussions

Nanonets Reviews and Ratings

Recommended Gartner Insights

1B-10B USD

Manufacturing

Review Source

Fast and accurate for efficient data extraction with good AI integration

Finance Operations Manager

Gov't/PS/Ed

Education

Experience & Issues: An Account of Functional Integration and Support

4.0

Mar 10, 2025

Overall the experience has been nothing but positive and any issues that we have experienced were quickly resolved.

Chief Financial Officer

50M-1B USD

Exceptional Support Team Enhances Product Experience

Mar 5, 2025

The product works well and is customizable to our business needs. The implementation and support team is great. The accuracy, speed and ease of use have significantly reduced our customer purchase order process times.

IT Associate

Banking

Experience the best with Nanonets: Exceptional Service, Quality, and Pricing

Feb 21, 2025

The team at Nanonets delivers outstanding service and demonstrates exceptional responsiveness to emails. They are consistently dedicated to enhancing the user experience through their hard work and continuous improvements.

Finance Associate

<50M USD

Software

Illustrating the Satisfaction from Accurate Outcomes over a Year

Mar 6, 2025

I have been using this product for almost a year now and the team has been delivering per our expectations and required accuracy...