Nanonets

Nanonets is a leading AI-driven platform designed to automate document processing and complex business workflows. It empowers organizations to transform unstructured data from various sources—such as documents, emails, and databases—into structured, actionable insights. By leveraging advanced Optical Character Recognition (OCR) and sophisticated deep learning models, Nanonets eliminates the need for manual data entry and template-based extraction, offering a more intelligent and adaptable solution. Trusted by numerous Fortune 500 companies, the platform is built to scale from small business needs to enterprise-level automation, delivering significant ROI and operational improvements.

How to use Nanonets

Nanonets simplifies end-to-end process automation into a straightforward, four-step workflow:

1. Ingest: Automatically import documents and data from a wide array of sources. This includes uploading files directly or connecting to emails, cloud storage services (like Google Drive, Dropbox, SharePoint), support tickets, and other business applications.
2. Understand: The platform's advanced AI extractors accurately capture relevant information from documents without relying on predefined templates. This allows it to handle variations in document layouts and formats seamlessly.
3. Take Action: Utilize Nanonets' powerful decision engines to automate business rules. You can set up workflows to flag documents for review, validate data against existing records, enrich missing information, and route documents for approval directly through platforms like Slack or email.
4. Export: Once the data is processed and structured, it can be effortlessly pushed to your core business systems. Nanonets integrates with various CRMs, ERPs, and databases, or you can export the data in formats like XLS, CSV, or XML.

Core Features of Nanonets

• AI-Powered Data Extraction: Accurately extracts data from invoices, receipts, purchase orders, contracts, claims, and forms using AI that doesn't require templates. It also supports barcode, signature, and checkbox detection.
• No-Code Workflow Automation: Build and customize complex business processes using an intuitive, no-code interface with drag-and-drop blocks for tasks like data enrichment, formatting, and conditional logic.
• Extensive Integrations: Seamlessly connect with your existing software stack, including ERPs (SAP, Oracle, NetSuite), accounting software (QuickBooks, Xero), CRMs (Salesforce), and cloud storage. A robust API is also available for custom integrations.
• Advanced Security & Compliance: Nanonets prioritizes data security, adhering to stringent standards like GDPR, SOC 2, and HIPAA. It offers features like role-based access control, SAML SSO, and region-specific data hosting.
• Analytics and Reporting: Gain insights into your automated processes with comprehensive dashboards and AI-powered reports that track key metrics and performance.
• Human-in-the-Loop (HIL): For exceptions or low-confidence extractions, you can incorporate a human review step into the workflow to ensure maximum accuracy.

Use Cases for Nanonets

Nanonets is versatile and provides measurable impact across various industries:

• Finance: Automate the entire accounts payable process, from invoice data capture and 3-way matching to approval workflows and ERP synchronization. This can reduce invoice processing time by up to 5x.
• Manufacturing: Optimize supply chain operations by automating sales order processing, purchase request matching, and demand forecasting, leading to up to 50% faster order processing.
• Insurance: Streamline insurance underwriting and claims processing by automatically classifying documents, extracting data from applications, and consolidating information, cutting processing time by as much as 95%.

Advantages of Nanonets

Nanonets sets itself apart with several key advantages. It delivers a proven and rapid return on investment, with customers reporting an average 88% reduction in manual effort and significant cost savings. The platform is 2-3x faster to set up than traditional industry solutions. Its AI models provide over 95% accuracy, which continuously improves with use. The no-code environment makes it accessible to non-technical users, empowering business teams to build and manage their own automations. Furthermore, its scalability and strong customer support make it a reliable partner for digital transformation.

Pricing and Plans

Nanonets offers a flexible, usage-based pricing model designed to fit businesses of all sizes. New users can start for free with $200 in credits to explore the platform's core features. The pricing is based on a pay-as-you-go system where you are charged for each 'block' that runs in your workflow, with no fixed platform fees. This ensures you only pay for what you use. For higher processing volumes, Nanonets provides volume-based pricing tiers ('Credits' and 'Accelerate') that offer significant discounts and unlock premium features. Custom enterprise plans are also available for large organizations with unique requirements, offering add-ons like dedicated support, guaranteed SLAs, and private cloud deployment.