What is Nanonets?
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
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
Nanonets FAQ
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.
