Nanonets is an AI-based intelligent document processing service that specializes in Optical Character Recognition (OCR) technology. By utilizing self-learning algorithms, Nanonets is able to automate data capture from a variety of documents such as invoices, receipts, passports, ID cards and more.

The AI-based OCR technology is able to recognize and extract data from documents of any format and size, no matter how complex. In addition, Nanonets offers a variety of solutions to help customers streamline their document processing workflow such as AP Automation, Touchless Invoice Processing, Email Parsing, and ERP Integrations.Nanonets is also equipped with a range of free OCR converters that can be used to convert PDFs to Excel, CSV, JSON, XML, and Text.

Furthermore, the service also provides a Web Scraper, Image to Excel, and Image to Text tool.Nanonets has been trusted by over 10,000 customers around the world and has been rated highly on G2 Crowd, Capterra, and GetApp.

The service has helped customers save time and money by automating manual data entry. Examples of successful use cases include Maryland-based Remediation Contractor who saved 90% time for their accounts payable team with Nanonets' Invoice Extraction, Expatrio Global Services GMBH who achieved 95% reduction in time for manual data entry with Nanonets' OCR, and In2 Project Management who helped a Water Supply Corporation save 700,000 AUD with Nanonets' AI.Ready to get started? Nanonets provides ready to use solutions for most common document types such as invoices, receipts, ID cards, menu cards, resumes, forms, and meter readings.

Customers can create and set up their own custom model in a few clicks. Customers can also book a free 30 minute consultation with the Nanonets experts to get a customized

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Nanonets was manually vetted by our editorial team and was first featured on February 16th 2023.

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Pros and Cons

Pros

Intelligent Document Processing

Handles complex document formats

Automated data capturing

Variety of conversion tools

Handles different document types

Trusted by 10,000+ customers

Streamlines workflow

Offers AP Automation

Supports Touchless Invoice Processing

Provides Email Parsing

ERP Integrations

Extract data API

Self learning algorithms

PDF to CSV conversion

PDF to Excel conversion

PDF to JSON conversion

PDF to Text conversion

PDF to XML conversion

Web Scraper tool

Image to Excel

Image to Text

Custom model creation

Free 30 minute consultation

Improves with usage

GDPR compliant

Extracted data validation

Model retraining

Fast API response time

Offers On Premises Deployment

Supports multiple conversion formats

Cons

Limited document types

Depends on OCR accuracy

No onsite deployment

Complex workflow integration

Learning curve for custom model

No direct SAP integration

Potential data privacy concerns

No specified fields extraction

Limited export formats

Requires constant model retraining

Q&A

What is Nanonets?

Nanonets is an AI-powered intelligent document processing service specializing in Optical Character Recognition (OCR) technology. It uses self-learning algorithms for data extraction from numerous types of documents including invoices, receipts, passports, ID cards, and more regardless of their format and complexity. It aids customers in streamlining their document processing workflow with an array of solutions, and offers free OCR converters. Nanonets is trusted globally with more than 10,000 customers.

How does Nanonets work?

Nanonets operates using self-learning AI algorithms, allowing it to automate data capture from diverse documents such as invoices, receipts, passports, and ID cards, irrespective of their size and format. It doesn't solely extract data but also provides validation, wherein the captured data undergoes a quick validation process. The AI model not only learns but also improves with each new document processed, consequently increasing accuracy with higher usage. Nanonets also offers customers the chance to create and set up custom models.

What documents can Nanonets process?

Nanonets is capable of processing a wide variety of documents. This includes invoices, receipts, passports, ID cards, menu cards, resumes, forms, and meter readings. It doesn't limit its processing capabilities to document sizes or formats, which means it can extract data from all kinds of documents regardless of how complex they may be.

How accurate is Nanonets' OCR technology?

No specific information related to the accuracy of Nanonets' OCR technology is stated on their website, however, they claim that the AI model improves as more documents are processed.

Does Nanonets offer solutions for specific workflows such as AP Automation and Email Parsing?

Yes, Nanonets offers solutions specifically designed for various workflows. This includes AP Automation, which automates Accounts Payable processes, Touchless Invoice Processing, which streamlines invoice management, and Email Parsing, which enables structured extraction of data from emails. Nanonets also provides ERP Integrations to enhance existing workflows.

Can Nanonets convert PDFs to Excel or other formats?

Yes, Nanonets can convert PDF files into different formats such as Excel, CSV, JSON, XML and Text. This makes the data extracted from the PDF more usable for the customers.

What free OCR converters does Nanonets offer?

Nanonets offers an array of free OCR converters which can convert documents into different usable formats. These converters include PDF to Excel, PDF to CSV, Image to Text, Searchable PDF, PDF to JSON, PDF to XML and PDF to Text.

What is the Web Scraper tool offered by Nanonets?

The Web Scraper tool by Nanonets is an advanced solution for data extraction from websites. No specific details on its functionality or the kind of data it can extract are provided on their website.

Can I create my own custom model with Nanonets?

Yes, with Nanonets, customers can create and set up their own custom models according to their needs. This allows them to extract data from documents specific to their business requirements and workflows.

How can Nanonets help to save time and money in manual data entry?

Nanonets reduces the need for manual data entry with its automated data capture technology. There are real-world examples where Nanonets helped businesses save significant time and money by automating their manual data entry process. For example, a remediation contractor in Maryland saved 90% of time for their accounts payable team using Nanonets Invoice Extraction. Another example is Expatrio Global Services GMBH who achieved a 95% reduction in time for manual data entry with Nanonets' OCR.

What is the process to use Nanonets' OCR?

To use Nanonets' OCR, one must first choose the specific document type required, such as invoice, receipt, ID card etc. For custom needs, one can create their own custom model. The chosen document is then uploaded, following which Nanonets extracts the needed information using its AI and OCR technology. The extracted data is validated and learned by the AI, enhancing precision over time. Moreover, Nanonets integrates with the current workflow systems, ensuring no disruption in existing processes.

Who are the customers of Nanonets?

Nanonets is trusted by over 10,000 customers from all over the world. Their clients range from small businesses to large corporations across various sectors. Maryland-based Remediation Contractor, Expatrio Global Services GMBH, In2 Project Management, and a Water Supply Corporation are some of their notable clients.

How does Nanonets validate the extracted data?

Once Nanonets captures data from documents, it employs a quick validation check. It learns and improves from the validation and usage process, which means, the more transactions and data you deal with, the higher the accuracy attained. However, no detailed information on how this validation process works is mentioned on their website.

What do the customer success stories of Nanonets tell us?

Customer success stories of Nanonets illustrate significant reduction in time for manual data entry and consequent financial savings. For instance, Maryland-based Remediation Contractor saw a 90% reduction in time for their accounts payable team with Nanonets' Invoice Extraction. Expatrio Global Services GMBH achieved a 95% reduction in time for manual data entry with Nanonets' OCR. In2 Project Management helped a Water Supply Corporation save 700,000 AUD with Nanonets' AI.

What document types have ready to use solutions in Nanonets?

Nanonets has ready to use solutions for most common document types such as invoices, receipts, ID cards, menu cards, resumes, forms, and meter readings. These ready to use solutions are easily integrable into existing tools and workflows.

Can Nanonets integrate with existing workflows?

Yes, Nanonets allows seamless integration with existing workflows. It supports direct import and export to customers' current workflow systems, ensuring there's no disruption in existing processes.

How can Nanonets help businesses grow?

As a business grows, it makes more transactions and deals with more data. Nanonets uses an AI model that learns and improves with every new document processed, capturing data with higher accuracy each time. By automating data extraction and entry, it reduces manual labor and the error margin, thus promoting efficiency and productivity. With services like AP Automation, Email Parsing, ERP Integrations, Nanonets helps businesses streamline their workflows.

Does Nanonets offer a free trial?

Yes, Nanonets offers a free trial. The duration of the trial and any conditions attached are not specified on their website.

What type of customers does Nanonets target?

Nanonets targets businesses of all sizes across various sectors that require automated data extraction from different types of documents including invoices, receipts, passports, ID cards and more. From small businesses to large corporations, any organization aiming to reduce manual data entry time and error can benefit from Nanonets' services.

How can I get started with using Nanonets?

Getting started with Nanonets first involves visiting their website. From there, users can choose the solutions tailored to their needs or create a custom model. Existing customers can log in to use the services, while new customers can sign up for free. Those who wish to see the platform in action can book a free 30-minute consultation with the Nanonets experts.