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Nanonets Reviews & Product Details - Page 5

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

Nanonets is a hit at my office. Now we can scan a report and get the required information from it in seconds. The precision increases with each scanned document. The software is efficient, accurate, and quick. It also has a friendly UI which made it easier to integrate on a larger scale. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Nanonets perfectly suited our needs and delivered a better than expected result. No complaints. Review collected by and hosted on G2.com.

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

We regularly scan geographical reports for information. The essential work, however, is to do with the information extracted from these reports. We were looking for a software which could automate the process of data extraction. Nanonets’s OCR is amazing. Its precision is admirable and is very easy to use. Review collected by and hosted on G2.com.

Rachit B.
RB
Member Of Technical Staff
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
Incentivized Review
What do you like best about Nanonets?

The software is really easy to use, UI is super intuitive and great for teams of all sizes and industries. The previous process was manual and error-prone, but after switching to Nanonets, we've conquered both of those issues. Additionally, we ended up saving a lot on the financial end by automating our processes, something we didn't even know was possible earlier. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The product overall got my job done, and hence no complaints from my end. We got more problems solved than we initially thought of, hence the experience was nice. Review collected by and hosted on G2.com.

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

We extract data from the hard copies of receipts to the digital mode for market analysis and generate insights. The process we had in place earlier fell short on a lot of parameters. After switching to Nanonets, we've seen a lot of those problems evaporate. The model works perfectly post-training, the customer success team makes sure that we get proper guidance wherever we've gotten stuck. Review collected by and hosted on G2.com.

kapil M.
KM
Associate Engineer
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Nanonets?

The best thing about Nanonets is its ability to process data quickly. It saves a lot of our time and effort. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

There is a little scope of improvement in the table capture UI. But the platform still works great. Review collected by and hosted on G2.com.

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

Nanonets saved us a lot of time with invoice processing which further resolved our issue with delayed payments. It promptly extracts the data from the pre-decided fields and organises it in the desired table format. It also integrates with Salesforce which was an added bonus. Review collected by and hosted on G2.com.

Vijay S.
VS
Deputy Manager Pre Sales
Enterprise(> 1000 emp.)
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Validated Reviewer
Review source: Organic
Incentivized Review
What do you like best about Nanonets?

The ability to create custom data extraction models for specific document types. Our use case was limited to a set of internal documents that Nanonets learnt to identify and pull key data from. Nanonets was also instrumental in setting up an automated worklfow to pull the raw data, extract relevant data and ingest the same into our DB of coice. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

If I were to nitpick - I would have preferred a slightly longer trial period by default. There was quite a lot to test with the workflow and integrations we required. But the team at Nanonets extended the trial on request - so that's alright. Review collected by and hosted on G2.com.

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

Creating an almost touchless workflow involving document data extraction. Last I checked, the automated workflow we set up with Nanonets was processing around 10k+ documents per month. The entire process of pulling raw info, extracting relevant data, and exporting that data to a database was seamless and accurate. Review collected by and hosted on G2.com.

Arushi M.
AM
Anchor
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
Incentivized Review
What do you like best about Nanonets?

I got to know about Nanonets from a friend. Its interactive UI was the thing that got me hooked. The reasonable price just convinced me that this is the right place to invest. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

It is an almost perfect platform. It would be better if the pricing for enterprises is mentioned on the website. Overall, my experience was great. Review collected by and hosted on G2.com.

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

Being a reporter, I constantly need to extract data from documents in different languages. Nanonets’ models are highly accurate and easy to use even without a technical background. Review collected by and hosted on G2.com.

Himanshu R.
HR
Associate Member Of Technical Staff
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
Incentivized Review
What do you like best about Nanonets?

The interface is amazingly simple yet packed with a bunch of features. What I liked here the most was the data extraction was bang on from the get go, and required minimal efforts from my end. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The trial period is limited to 7 days, I believe that can definitely be extended for enterprise customers with much more volumes. Review collected by and hosted on G2.com.

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

We were using this to simply automate our Receipts workflow. The existing manual process had a lot of flaws and lack of visibility which needed to be fixed. Automation seemed like the best approach here and the results have only reaffirmed the belief. Review collected by and hosted on G2.com.

Sambhav B.
SB
Software Developer
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
Incentivized Review
What do you like best about Nanonets?

The customer support is one of the best in the field, ease of set up and model accuracies are amazing as well! Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

There should be better documentation on the Cancellation Policy, but besides this none. My team is really happy with the professionalism of their customer facing functions. Review collected by and hosted on G2.com.

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

The software has made our lives really easy when it comes to the workflow tool. All my team needs to do is to send a screenshot to the email linked to our model id, and that covers most of our work. Apart from the few validation exceptions raised here and there, the data goes straight back into our preferred integration software without any hassles Review collected by and hosted on G2.com.

Ravinandan Kumar .
R
Student
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
Incentivized Review
What do you like best about Nanonets?

Namowest is very user-friendly software that helps us make our work easy; its UI is very intuitive and very helpful for teamwork, and the accuracy level is too high and getting it at such a reasonable price is unbelievable. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

It was all excellent, but the visibility of the brand is very low as I got to know about this from one of my professor rest everything was excellent and I would advise anyone who needs to automate the data extraction procedure from numerous documents to use this platform. Review collected by and hosted on G2.com.

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

It helped to know how AI can help us in procurement and as I am a student, it also helped in my project to extract any text from photos that contains handwritten writing in a variety of languages. Review collected by and hosted on G2.com.

Shaswat Kumar Panda .
S
Student
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Nanonets?

The UI is very easy to start with and the Accuracy level is quite high. I used it for collecting data from invoices and the result was quite precise. The Support team is also responsive. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Nothing Major, There should be more visibility of this product among Users. I was introduced to it by one of my professors. The team should promote more. Some Sample models will also help newcomers. Review collected by and hosted on G2.com.

Recommendations to others considering Nanonets:

Definitely worth my time. The product precision is quite high. Review collected by and hosted on G2.com.

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

I was working on analyzing invoices so that we can extract information from them and store them in databases automatically. It was a part of a large-scale automation process. The best thing I benefitted from using Nanobots was the accurate determination of data from the bills. The OCR and AI are of awesome standard. Review collected by and hosted on G2.com.

Sidharth S.
SS
SDE
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
Incentivized Review
What do you like best about Nanonets?

I did not have much experience with AI and model retraining before working on setting up Nanonets for my previous organization. The sales team simplified our doubts in the demo session and also later on in the process with great patience. Once I trained my first model, it was smooth sailing and the product accuracy has been amazing. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

A few more how-to videos can be added on niche use cases, but apart from that, the entire experience has been remarkable. Review collected by and hosted on G2.com.

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

My team was in charge of transitioning retail invoicing from a manual to an automated process and we chose Nanonets as our vendor. The project has been a great success and we've considerably cut down on the man-hours being wasted in the manual process earlier. Review collected by and hosted on G2.com.