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Nanonets Reviews & Product Details

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
Product Website
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
Company Website
Year Founded
2017
HQ Location
San Francisco, CA
Twitter
@nanonets
1,554 Twitter followers
LinkedIn® Page
www.linkedin.com
217 employees on LinkedIn®

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.
Capture data from documents instantly. Reduce turn around times and the manual effort required.
Play Nanonets Video
Capture data from documents instantly. Reduce turn around times and the manual effort required.
Transform your accounts payable using AI.

Capture data from invoices instantly, and make payments without leaving the platform. Reduce processing time and manual effort for your team.

Find out more at: https://nanonets.com/flow/home
Play Nanonets Video
Transform your accounts payable using AI. Capture data from invoices instantly, and make payments without leaving the platform. Reduce processing time and manual effort for your team. Find out more at: https://nanonets.com/flow/home
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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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G2 reviews are authentic and verified.
Jyoti F.
JF
Project Director
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
What do you like best about Nanonets?

We had a unique use case for the Nanonets team to tackle and they met the challenge with expertise. We are not in the "OCR"-field, and they were patient with our questions, with open lines of communication and suggestions for solutions throughout the setup. The platform itself is user-friendly (see aforementioned "not in the OCR-field"), and we access it constantly at our own leisure. They embedded themselves in our original research objective and have been the connection point across our multiple vendors and platforms. We keep coming back with requests for additional services and they have delivered on each so far. They have been a huge asset in our data collection process, saving both time and headaches for our team. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The initial customer service response time was slower but they have implemented a support team that has addressed this issue. Review collected by and hosted on G2.com.

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

Nanonets is automating our primary research data collection process. It saves us time and investing in other platforms to verify respondent data. Review collected by and hosted on G2.com.

S n.
SN
Information Systems Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Nanonets?

Out of the box the OCR recognition is pretty good. But the implementation and support teams take this service to another level because they are very responsive and cater their platform to your specific needs. The Nanonets team also did the initial model training work as well as provided custom logic to match to fields in our ERP for integration. Even after implementation when using support they have been able to add features from my feedback and continue to add to the platform. There are plenty of options for integrations and they frequently add more. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

I don't have many complaints about Nanonets platform. It can be a little pricy if your volume is not high. I'd like to use the system for other purposes aside from our main model, but I cannot justify the cost of additional models for the low volume documents. Review collected by and hosted on G2.com.

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

We were able to automate our incoming purchase orders from customers who have all different formats of POs including PDF, fax, email, handwritten, etc. Review collected by and hosted on G2.com.

Jose Antonio L.
JL
General Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Nanonets?

The technology is advanced, accurate and easy to use and scale.

The team who supported us ensured that we used their technology in the most effective ways.

When challenges occurred the Nanonets team would work together with us to better understand, and they even let us use some customizations to ensure we were successful.

A highlight of the product is that its OCR technology is more advanced (by far) than anything else we saw. We did a thorough evaluation of competing technologies and no other tool would get the accuracy, speed, ease of integration and scaling we got with Nanonets. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Our project involved working with hundreds of thousands of challenging files. Some were really old. A nice capability could be to have more control on which files have already been processed and which haven't (for example, if we needed to reprocess one single page of a PDF, we would need to extract it manually and upload it manually to the platform). It would be very useful to have a control tool that could simplify that.

Knowing who is training models that are generating a proper output and who is not could also be welcome. Review collected by and hosted on G2.com.

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

Nanonets is helping us digitize and structure the data of 12 million documents from payroll data covering 30 years. Some of this documents (in paper) are in very bad shape. Nanonets is helping us extract as much as possible from them in a scalable way. Review collected by and hosted on G2.com.

Ivan I.
II
D&IT Business Solutions Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Nanonets?

The setup of the system on our site was seamless, thanks to the assistance provided by the Nanonets team. They guided us through the comprehensive process of building, pre- and post-processing our files to achieve the best output. The system interface is intuitive, making it easy to navigate across models and files, whether they are in recognition or already recognized. It's important to mention that the customer support is top-notch; they promptly respond to any reported issues and address them as quickly as possible. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

There are some not-really critical issues with recognition since our case requires some correction of files provided in the pre-processing stage. Sometimes, it is too many emails. Review collected by and hosted on G2.com.

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

Recognition of damaged excise stamps to build the data set data provided to governance. The main benefit is speeding up the process of processing data, which helps us save time for other things. Review collected by and hosted on G2.com.

Verified User in Sporting Goods
US
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Nanonets?

Nanonets uses sophisticated algorithms that accurately extract data from invoices, even with complex or non-standard layouts. The AI continuously learns and improves its extraction accuracy, reducing manual data entry errors and saving significant time for our team. The platform also allows users to create highly customizable workflows that can automatically route invoices, trigger approvals, and perform actions based on specific rules. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Nanonets' invoice processing and workflow automation features may require substantial initial setup and configuration.

The platform's pricing model might be less transparent or more expensive than some competitors, especially for small to medium-sized businesses.

Manual verification might still be necessary, potentially reducing the expected efficiency gains in some cases. Review collected by and hosted on G2.com.

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

We onboard a lot of new vendors on a monthly basis and often vendors also end up using multiple non-standard invoice formats (we even receive different formats from the same vendor).

Syncing vendor data into our ERP and streamlining the data ingestion was a big pain. Nanonets has helped streamline this to a great extent, cutting down manhours significantly. Review collected by and hosted on G2.com.

Verified User in Marketing and Advertising
UM
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Nanonets?

It has saved us numerous hours per week that we would have otherwise spent in triaging and classifying incoming emails into those relevant for each department.

Apart from the initial onboarding setup, the entire workflow is now managed in-house which is super efficient, especially since we don't have technical expertise. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The pricing is quite high right now at our current usage levels, but as we scale our processes and volume discounts kick in I hope we can settle at a more comfortable range. Review collected by and hosted on G2.com.

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

We receive a ton of inbound emails pertaining to support tickets, client outreach, and stuff that we would like to ignore. As a creative agency, all hands on deck typically focus on creative work and so triaging and redirecting these emails to the right point of contact internally was a huge drain of time. Nanonets helped set up a workflow where all emails are first read by Nanonets AI and traiged into different buckets: support tickets, inbound leads or prospective clients, vendor outreach and spam. Emails tagged as such are forwarded to the right people who can take immediate next steps. This has helped us avoid hiring a dedicated person to do this task and free up time for all creative personnel to focus on what they do best: create amazing content. Review collected by and hosted on G2.com.

HB
Product Owner
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Nanonets?

OCR engine's features, mainly in terms of training the engine with the documents, the vast range of the different types of documents supported, the zero-training model and the facility to quickly add additional training data on the fly is really good. The quick support provided by the CSR representative from Nanonets and that to over the calls is really appreciating. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The payment and subscription management module sometime eats of additional time in manaing the payment methods, or updating the information for the corporate financial records. This can be improved. Review collected by and hosted on G2.com.

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

Nanonets intelligent OCR engine helps our products and service to cut-down on manual effors made over the document's data extraction and also the zero-training model helps us to segrigate the documents based on its type, structure and other identifiable information. This benefits in terms of reducing the overall time spent to process every document and increases the productivitiy with less errors. Review collected by and hosted on G2.com.

RC
IT Director
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Nanonets?

The software is easy to use, but is very flexible technically for our needs. The support has been great since the very start. They are very quick to address our questions and needs that we have. Even during the evaluation process, Nanonets stood out from others as willing partners to get our needs met.

It didn't take us too long to get our first implemenation into Production. We have weekly meetings to go over our next Production implementations and to address any questions that we may have. Along with the service and support, the actual Nanonets solution is easy for the users to use and navigate. And the solution allows customazation using Python, lookups, and custom data actions that allow any business need to be addressed. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

The only thing that comes to mind is somtimes the OCR mappings are incorrect, less than 1%. This hasn't been a major issuse for us, and maybe part of the initial AI training process. I imagine other. OCR solutions have similar issues as well. Review collected by and hosted on G2.com.

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

Instead of manual entry of the source documents, Nanonets elimintes this timely, and error-prone process. It frees up our people to work on other items besides tedious manual entry. Review collected by and hosted on G2.com.

Vlad B.
VB
Operations Analyst
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Nanonets?

Nanonets significantly improved our accuracy compared to the previous system we were using. The platform has a user-friendly interface, seamless integration, and excellent customer support that was always available to answer our questions. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

While the platform is user-friendly for simple tasks, setting up advanced workflows may require a deeper understanding of its features. Training models for unique document types or workflows can also be time-consuming, as it requires uploading sufficient data to achieve accurate results. Review collected by and hosted on G2.com.

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

Document scanning. Provides a higher accuracy compared to other softwares. Review collected by and hosted on G2.com.

AA
COO
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Nanonets?

The support provided by the team is exceptional. They are willing and able to jump on calls and iterate on issues until they work. Review collected by and hosted on G2.com.

What do you dislike about Nanonets?

Unfortunately, the models are a bit of a black box. There are issues that crop up randomly and for some reason can not be fixed, even when feeding in extremely consistent documents that are from machine sources (e.g. bank statements directly from a bank's website in PDF format). Review collected by and hosted on G2.com.

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

We process a large amount of banks statements to underwrite customers for loans, Nanonet allows us to reliably extract this data. Review collected by and hosted on G2.com.