Nanonets
Transform business processes with AI-driven data extraction and automation.
Key Takeaways
- What it is
- Transform business processes with AI-driven data extraction and automation.
- Best for
- Seamless Data Ingestion
- Advanced AI Engine
- Smart Decision Engines
- Rating
- 4.6/5
What is Nanonets?
Nanonets is an advanced AI platform designed to transform business processes through intelligent automation. It specializes in extracting and managing valuable data from a variety of documents such as invoices, purchase orders, and bank statements. What sets Nanonets apart is its ability to automate complex workflows across various sectors, making it a powerful tool for businesses looking to increase efficiency and reduce manual labor.
Nanonets stands out with its robust AI-driven data extraction and no-code automation platform, making it highly adaptable for various business needs. Its capability to integrate seamlessly with numerous data sources and export options places it at the forefront of business process automation tools.
Nanonets excels in streamlining business operations through its AI-powered data extraction and workflow automation capabilities. Its high accuracy, user-friendly interface, and robust security measures make it an indispensable tool for businesses looking to automate complex processes and enhance data management. The platform's adaptability across various industries and its ability to integrate with multiple systems further underscore its value as a top-tier business automation solution.
Who is Using Nanonets?
Finance Departments
Automating tasks like accounts payable and account reconciliation.
Supply Chain Managers
Enhancing logistics and inventory management through automated data processing.
Healthcare Providers
Streamlining patient data management and reducing administrative burdens.
Real Estate Businesses
Utilizing automated document archiving for property management.
Uncommon Use Cases
Non-profits using it for donor management and small businesses for automating vendor communications.
Key Features
Rating Breakdown
Pricing Plans
Free Trial
- Start with a fully-functional free trial
- No credit card required
Subscription Plans
- Detailed pricing plans are available upon request through a demo booking
Which Nanonets plan should you pick?
Start with Starter to use the free $50 credit allowance; upgrade to Growth for higher-volume collaboration and integrations, or Enterprise for SSO, governance, compliance, and deployment controls.
Starter
Good for individuals and small teams who need document extraction, API access, email integration, cloud-storage connectors, and up to three users.
Growth
Good for teams processing at scale who need shared credits, classification, generative AI blocks, custom Python blocks, ERP and database integrations, and analytics.
Enterprise
Good for large organizations that need SAML SSO, SCIM, role-based access control, compliance, private deployment, data residency, audit logs, and dedicated support.
Nanonets Use Cases
Accounts payable automation
Ingest invoices, extract fields, match invoices with purchase orders and receipts, route exceptions, and post results to finance systems.
Outcome: Reduced manual invoice processing and faster approvals.
Document classification and routing
Classify incoming documents into categories and route each category to the appropriate extraction workflow.
Outcome: Automated document triage and downstream processing.
Custom document extraction
Upload sample files, label custom fields, train a model, and extract structured data from unique document types.
Outcome: Structured data extraction without manually defining templates for every document.
Order and logistics processing
Process purchase orders, delivery notes, bills of lading, rate confirmations, and other logistics documents.
Outcome: Less manual data entry across supply-chain workflows.
Claims and healthcare document automation
Extract and validate information from claims, medical bills, forms, and healthcare documents before exporting it to business systems.
Outcome: Faster healthcare and insurance document handling.
Workflow Ideas with Nanonets
Invoice-to-accounting workflow
- 1Import invoices from email, cloud storage, or an API
- 2Extract fields and validate them against business rules
- 3Export approved results to QuickBooks, databases, or ERP systems
Custom document model workflow
- 1Upload at least 10 sample files
- 2Define fields and label examples in the documents
- 3Train the model and process new documents
Classification and routing workflow
- 1Import documents through email or API
- 2Classify documents into configured categories
- 3Route each category to its corresponding extraction model
How Nanonets fits into your stack
CRM Integration
Directly integrates with popular CRM systems.
Cloud Storage Services
Compatible with major cloud storage providers like Google Drive and Dropbox.
Email Platforms
Can seamlessly connect with email services such as Gmail for automating email workflows.
Pros
- +High Accuracy: Offers over 95% accuracy in data extraction, significantly reducing the risk of errors.
- +Time-Saving: Automates processes that traditionally take hours, cutting down operational times drastically.
- +Cost-Effective: Reduces the need for extensive manual labor, thereby lowering operational costs.
- +User-Friendly: Features a no-code platform which simplifies the automation of business workflows.
Cons
- −Initial Setup Complexity: Setting up customized workflows may require a learning curve for new users.
- −Dependence on Internet Connectivity: As a cloud-based platform, a stable internet connection is crucial for optimal performance.
- −Limited Offline Capabilities: Most functionalities require online access, which might be restrictive in remote or unstable internet regions.
Limitations & when to consider alternatives
Known limitations
- Custom models require labeled examples. Custom model setup requires at least 10 sample files and at least 10 labeled examples for each field.
- Large files may require asynchronous processing. Nanonets recommends asynchronous processing for files with more than three pages.
- Model tiers have file-size limits. Document-level maximum file-size limits vary by model tier: 10 for Nano, 30 for Mini, and 100 for Pro.
- Handwriting quality affects results. Handwritten documents must be legible, and accuracy can vary with writing style, image clarity, and document structure.
- Some enterprise features require Enterprise. SAML SSO, role-based access controls, private deployment, and several premium integrations are enterprise features.
Look elsewhere when
- You need a native mobile application.
- You need programming-code generation.
How to Use Nanonets
- 1
Explore a variety of tutorials and resources on the Nanonets website, covering everything from basic setup to advanced features.
Who is Nanonets For?
Finance and accounting teams
Nanonets supports accounts payable, invoice processing, reconciliation, financial reporting, and general accounting workflows.
Supply chain and operations teams
The platform supports logistics, procurement, order management, document routing, and structured-data workflows.
Healthcare organizations
Nanonets supports healthcare document processing, claims workflows, medical bills, and healthcare revenue-cycle processes.
Enterprise organizations
Enterprise customers can use SAML SSO, role-based access control, private cloud or on-premises deployment, audit logs, and compliance features.
Software and engineering teams
Engineering teams can integrate document intelligence into applications through REST APIs and workflow endpoints.
Frequently Asked Questions
What does Nanonets process?
Nanonets processes invoices, receipts, purchase orders, bills of lading, contracts, claims, forms, and other documents in multiple formats.
Does Nanonets provide an API?
Yes. Nanonets provides documented REST APIs with API-key authentication, endpoints for document processing, predictions, model management, and training.
Can Nanonets train custom models?
Yes. Users can upload sample files, label fields, and train custom document models for unique document types or custom fields.
How many languages does Nanonets support?
Nanonets supports character and word recognition in more than 200 languages, including multilingual documents in a single model.
Does Nanonets support SSO?
Yes. Nanonets supports SAML-based single sign-on as an enterprise feature.
How is Nanonets priced?
The Starter plan begins free with $50 in credits. Usage is calculated by workflow block runs, with higher tiers offering additional integrations, controls, and enterprise features.
Community reviews
1 review from people who use Nanonets.
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Ayesha Mitra
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