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Nanonets Reviews & Product Details - Page 6

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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CA Prathiba P.
CP
Senior Analyst, Internal Audit
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
Incentivized Review
What do you like best about Nanonets?

The invoice parser is robust and accurate. It handled custom requirements pretty well and even worked great out of the box. Accuracy improvements happened routinely as the invoice parser kept learning from the invoices it ingested. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The integration to our ERP wasn't very straightforward - we had a few hiccups to begin with. Required considerable support from Nanonets. Not entirely sure whether the issue was with Nanonets or the ERP. Would have preferred a smoother integration setup. Review collected by and hosted on G2.com.

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

Completely doing away with manual AP activities like collecting and extracting data from invoices, POs, packing slips etc., matching the data across these document types, flagging mismatches and finally reconciling all the data in our accounting software. Quick vendor payment approvals. Review collected by and hosted on G2.com.

Neha T.
NT
Core Member
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
Incentivized Review
What do you like best about Nanonets?

The most helpful thing about Nanonets is that it is able to read documents and extract data with almost 95% accuracy. The process gets a lot faster. And getting these services and technology at such a low cost is just unbelievable. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

I would highly recommend using Nanonets as I did not dislike anything on this platform. One thing that can be improved is the time taken to show the results. Sometimes it ends up taking a lot of time. Review collected by and hosted on G2.com.

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

To automate the manual entering of invoice data, I used Nanonets. My lecturer recommended the software to me. I scanned different invoice fields in order to classify and save the data. This would enable me to learn more about sales and other information, such as the products that are in great demand during a particular season. Review collected by and hosted on G2.com.

Ratish Kumar M.
RM
IT Consultant
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Nanonets?

Nanonet is an awesome AI platform that facilitates data recognition (OCR) and extraction from various bills and documents up to the user's satisfaction. This is an excellent experience! Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Functionalities are great and as expected. The aesthetic aspects of the site could be improved but those are not bottlenecks in the tool functionality and processes expected by the customer. Review collected by and hosted on G2.com.

Recommendations to others considering Nanonets:

Recommending to leverage the Nanonets platform for your evolving business need and catering to trendy AI solutions. Review collected by and hosted on G2.com.

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

We are customers of Nanonets and deal with the Hospitality industry. We need to establish an internal data analytics system and leverage Nanonets platform for various data recognition and extraction pattern. The tool and solution offered are very much helpful and upto satisfaction. Review collected by and hosted on G2.com.

Neel R.
NR
Finance Intern
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 process was extremely easy to understand and get going. The sheer convenience of using Nanonets makes it worth the purchase. It is quite easy to input the data . Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The services provided by "Nanonets" at such a low cost are extraordinary. I think that, like any other program, "Nanonets" will add more functions and improve usability. Being power hungry, Nanonets should become push more processing on their servers, making them the FAT client, and minimizing the processing on the client's end, making it THIN client. Review collected by and hosted on G2.com.

Recommendations to others considering Nanonets:

Go for it. One of the best software out there. Review collected by and hosted on G2.com.

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

We had to get the data from certain purchase bills for our accounting data. Once we input the sample, we were able to get data from others quite easily and training the same was also easy Review collected by and hosted on G2.com.

Saksham B.
SB
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 UI was amazing, model accuracy and customer support really were the standouts for us. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

A few more support articles can be added on certain functionalities in the application, but overall the platform has been awesome! Review collected by and hosted on G2.com.

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

We have transformed our manual processing and used the OCR for collecting and extracting data from invoices and receipts. Really helped with reducing error percentages from our manual processes. Review collected by and hosted on G2.com.

Brijraj A.
BA
PhD Scholar
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Nanonets?

The whole setup process was very simple. We used it as a part of our university project and I could not believe how simple it was to use it. Very easy user interface and even a non-technical background person could use it for the project easily. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The only problem was you need a high processing power computer. My old HP notebook took a little longer than I would have liked for the processing to be completed. However, the results made the wait worth it. Review collected by and hosted on G2.com.

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

We were trying to extract bill data from various invoices that the university received. Some of it were handwritten and some others, quite old. Manual segregation was not physically possible, hence Nanonets came to the rescue. Review collected by and hosted on G2.com.

Dheeraj S.
DS
Platform Project Leader - Decathlon AllForSport
Enterprise(> 1000 emp.)
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Validated Reviewer
Review source: Organic
Incentivized Review
What do you like best about Nanonets?

In comparison to other products offering similar services in the market, the Nanonets product is not only more economical, but also simplifies the job with a simple self explanatory process to read, and extract accurate data from our vendor invoices. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Requires a more flexible on-prem solution. Review collected by and hosted on G2.com.

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

Earlier, we had multiple levels of people reviewing invoices, (with occasional human errors) now that's replaced by tech. Review collected by and hosted on G2.com.

Sabyasachi Parida .
S
Market Analyst/ Student
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 convenience of using "Nanonets" is just incredible. Data entry is tiring and a tedious job. But with "Nanonets," it becomes smooth as butter. The accuracy is just unparalleled in the industry. Enjoy using it for daily operations and recommend anyone searching for viable value service. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The services that "Nanonets" provides at such a cheap cost are exceptional. I believe, like any other software, "Nanonets" will bring in more features and better usability. 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 manual process was very inefficient and error-prone, but with "Nanonets," the speed has skyrocketed. Review collected by and hosted on G2.com.

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

It is a very user friendly platform which provides the best tools to develop programs and is optimzied to give results. It not only provides us with a great UI but also the help provided is very prompt. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

There are no real features which you would dislike and very difficult to find flaws in the system Review collected by and hosted on G2.com.

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

Nanonets gives us with one of the BEST OCR's out there and the text recognition platform is very easy to use. Yes it has clearly increased my productivity Review collected by and hosted on G2.com.

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

I like how you can automatize many processes and connect it with other software. It was very useful the OCR for example. Also I like the learning process, it's so acuratte. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Maybe at the beginning its kind of tricky to learn how to use the tools so you have to read a lot of documentation. I think maybe some YouTube Tutorials could help. Review collected by and hosted on G2.com.

Recommendations to others considering Nanonets:

Read the documentation. They have done a really good job by writing down how to use their software. Review collected by and hosted on G2.com.

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

I need to re-name many PDF files based on its content. In normal situation I rename them one by one but with Nanonets I save a lot of time with just one click. Review collected by and hosted on G2.com.