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Nanonets Reviews & Product Details - Page 3

Nanonets Overview

What is Nanonets?

Trusted by 34% of Fortune 500 companies, Nanonets is an AI-driven solution that automates document processing and data extraction workflows. Leveraging advanced Optical Character Recognition (OCR) and deep learning models, Nanonets helps companies automate document-heavy business processes like accounts payable, order processing, and insurance underwriting. Nanonets processes unstructured documents such as invoices, receipts, bank statements, bills of lading, purchase orders, contracts, insurance claims, and healthcare forms and converts them into structured output. Nanonets scales from small to enterprise-grade document automation, providing an intuitive and highly customizable platform to streamline business workflows. By integrating with your existing systems via APIs, Nanonets can reduce manual effort by up to 90%, delivering industry-leading accuracy, speed, and cost savings of up to 50%.

Nanonets Details
Languages Supported
Arabic, Bulgarian, Czech, Danish, German, Greek, English, Estonian, Persian, Finnish, French, Hebrew, Hindi, Croatian, Hungarian, Indonesian, Icelandic, Italian, Japanese, Korean, Latvian, Lithuanian, Macedonian, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Serbian, Swedish, Thai, Turkish, Ukrainian, Vietnamese, Chinese (Simplified), Chinese (Traditional)
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Product Description

Nanonets is a platform designed to help build Machine Learning models.

How do you position yourself against your competitors?

Template-free processing: Nanonets stands out by offering template-free document processing, allowing it to handle diverse document types without needing predefined formats.

Enterprise-grade scalability: Nanonets scales efficiently to handle enterprise-level needs. Its clients include Fortune 500 companies, and it is designed to process large volumes of documents with minimal manual intervention, a critical feature for larger organizations.

AI-powered workflow automation: Nanonets combines OCR with advanced AI and deep learning models to not just extract data, but also provide more intelligent insights and comprehensive workflow automation, beyond just document extraction.

High accuracy and cost savings: Nanonets is recognized for its 95%+ data accuracy and up to 80% reduction in operational costs with 3.5x median ROI over a 6-month payback period.

Broad document types: Nanonets processes various documents such as invoices, purchase orders, receipts, contracts, shipping documents, financial statements, insurance and healthcare forms.


Seller Details
Seller
Nanonets
Year Founded
2017
HQ Location
San Francisco, CA
Twitter
@nanonets
1,328 Twitter followers
LinkedIn® Page
www.linkedin.com
217 employees on LinkedIn®
Description

Trusted by 35% of Fortune 500 companies, Nanonets is an AI-driven solution that automates document processing and data extraction workflows. Leveraging advanced Optical Character Recognition (OCR) and deep learning models, Nanonets helps companies automate document-heavy business processes like accounts payable, order processing, and insurance underwriting. Nanonets processes unstructured documents such as invoices, receipts, purchase orders, contracts, claims, and forms and converts them into structured output. By integrating with your existing systems via APIs, Nanonets can reduce manual effort by up to 90%, delivering industry-leading accuracy, speed, and cost savings of up to 50%. Nanonets scales from small to enterprise-grade document automation, providing an intuitive and highly customizable platform that streamlines business workflows. The world's leading companies and enterprises, such as Deloitte, EY, Roche, Sherwin Williams, Divvy, Asian Paints, Ascend, Reliance General Insurance, VFS Global, and CKE Restaurants, use Nanonets' platform to automate document processing.


Prithiv S.
PS
Overview Provided by:

Recent Nanonets Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.0 out of 5
"Vendor invoice processing and email routing automation"
- better priced than alternatives that we checkd - AI model learns instantly with feedback with respect to email triaging logic or invocie process...
Verified User
U
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Streamlining new vendor onboarding and invoice processing"
Nanonets uses sophisticated algorithms that accurately extract data from invoices, even with complex or non-standard layouts. The AI continuously l...
Vlad B.
VB
Vlad B.Small-Business (50 or fewer emp.)
4.5 out of 5
"Nanonets: Ease of use and number of features."
Nanonets significantly improved our accuracy compared to the previous system we were using. The platform has a user-friendly interface, seamless in...
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Nanonets Media

Nanonets Demo - Extract Info from Documents (Invoices, Forms etc,.)
Automate information extraction from any document type like Invoices, Forms, Receipts, and more.
Nanonets Demo - Upload Sample Files of Your Document
Upload sample files and process to see pre-trained fields extracted and option to mark custom fields needed.
Nanonets Demo - Model Training with Sample Files
Upload a set of sample files to custom train a model specific to your document type and achieve accurate data extraction.
Nanonets Demo - Extract Specific Information from Documents
Select the specific information needed from documents once so this information gets extracted automatically from all files thereafter.
Nanonets Demo - Train Custom Model
Customize the model to suit your document type and extract accurate information.
Nanonets Demo - Add Multiple Models for Each Document Type
Train as many models customized as needed for the different document types.
Answer a few questions to help the Nanonets community
Have you used Nanonets before?
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96 Nanonets Reviews

4.8 out of 5
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96 Nanonets Reviews
4.8 out of 5
96 Nanonets Reviews
4.8 out of 5

Nanonets Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for NanonetsQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Nalie L.
NL
Researcher
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Nanonets?

It was the most accurate tool we evaluated for extracting data from a PDF to Excel Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

There is a learning curve. I recommend working with someone to help you setup the workflow. Review collected by and hosted on G2.com.

What problems is Nanonets solving and how is that benefiting you?

Extract data from PDF to excel Review collected by and hosted on G2.com.

Michael Q.
MQ
Owner
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Nanonets?

Nanonets customer support was very good. The team and in particular, Manoj, helped us get our models up and running and was available to help us troubleshoot problems which was invaluable to us. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The cost of Nanonets was a factor for us as we are a accounting service provider. Nanonets is more cost effective for businesses with larger volumes. Review collected by and hosted on G2.com.

What problems is Nanonets solving and how is that benefiting you?

extraction of financial data from documents, particularly bank statements Review collected by and hosted on G2.com.

CS
Sr. Business Analyst
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Nanonets?

Easy to use for all users. Easy implementation process and good support. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

No real cons to Nanonets. OCR has come a long way and Nanonets is always improving. Review collected by and hosted on G2.com.

What problems is Nanonets solving and how is that benefiting you?

We receive PDF documents and manually entered them. Needed a service that would help automate the document entry. Review collected by and hosted on G2.com.

Juliana C.
JC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Nanonets?

We were able to customize our solution without having to disposable a lot of time from our internal engeneers. It also has an european server which is great for european customers. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Can't think of possible improvements. . Review collected by and hosted on G2.com.

What problems is Nanonets solving and how is that benefiting you?

Nanonets is helping reduce times on document validation and approving flows Review collected by and hosted on G2.com.

Response from Prithiv Sassisegarane of Nanonets

Thanks Juliana. Great to know that we saved your team a lot of time.

Verified User in Electrical/Electronic Manufacturing
UE
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Nanonets?

This takes the human error factor out of checking documentation information in a very quick efficient and easy way...i'll certainly be recommending we use this more often at work. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Quite pricey but you pay for what you get! Review collected by and hosted on G2.com.

What problems is Nanonets solving and how is that benefiting you?

No problem just a solution for quick checking Review collected by and hosted on G2.com.

Andrew  S.
AS
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Nanonets?

UI is very easy to navigate and customizable Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Wish intros were a bit more assesable via other otions that zoom Review collected by and hosted on G2.com.

What problems is Nanonets solving and how is that benefiting you?

Helps with data entry and helps alleviate human error Review collected by and hosted on G2.com.

Jonas B.
JB
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Nanonets?

Nanonets helps us to automate data extraction for a number of different document types, primarily related to chemical analysis results. The tool accommodates lot's of model configuration opportunities to handle new document formats quickly. New feature / improvement requests are typically handled within a short period of time. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Nothing to complain about at this point. A startup programm with a lower price tier would be great. Review collected by and hosted on G2.com.

What problems is Nanonets solving and how is that benefiting you?

Transforming analog Data from documents into a digital structure as input for a variety of analysis. Review collected by and hosted on G2.com.

Thiago Alexandre Pestana B.
TB
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Nanonets?

Both API and the App are very user friendly. The CS team replies very quickly to any issues or suggestions we have and the Workflow tool is very easy to use. Just love everything the tool offers. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Don't see any. Nanonets offers plenty of great tools that enables some great features on our system and the integration with them runs smoothly. We use this tool for almost a year now without running into any problems. Review collected by and hosted on G2.com.

What problems is Nanonets solving and how is that benefiting you?

We have two features in our system that uses Nanonets. The first one is AP Invoices reconciliation and the second one is RFQ reconciliation, both very important features in our sotware. Review collected by and hosted on G2.com.

Nadim A.
NA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Nanonets?

Thanks to Nanonets we were able to digitally process complex invoices and confirmations orders. The AI’s self learning capabilities were the most remarkable feature for us - with the model improving consistently as more data was provided. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The platform was great for the most part but I’d love if it could be a bit more fluid in terms of the user experience. Review collected by and hosted on G2.com.

What problems is Nanonets solving and how is that benefiting you?

Nanonets has been very cost and time efficient for us - it has helped automate a large part of our manual processing allowing us to devote more time on tasks that truly matter. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
AI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Nanonets?

Flexible and adaptive tool that can extract various types of data from random documents.

Zero-shot models are really impressive, and the ability to convert extracted data to a requested format helps a lot. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Minor UI issues and bugs here or there. However, they that do not disrupt day-to-day activities and the platform is developing really quickly - most of the inconviniences have been eliminated over the past year Review collected by and hosted on G2.com.

What problems is Nanonets solving and how is that benefiting you?

Nanonets reduces the amount of manual work significantly. Searching for information and then typing it in to the system usually takes a lof time but now the process is quick and easy. Review collected by and hosted on G2.com.