Nanonets - AI-powered intelligent document processing and workflow automation

What is Nanonets

If your team spends hours manually typing invoice data into your accounting system, or if your finance department is drowning in paper contracts and forms that need to be processed, you're not alone. Every day, businesses across industries face the same challenge: how to handle mountains of documents without sacrificing accuracy or breaking the bank on manual data entry.

This is exactly the problem Nanonets was built to solve. Nanonets is an enterprise-grade AI-powered intelligent document processing and workflow automation platform that uses deep learning to extract data from unstructured documents—no templates required. Whether you're processing invoices, contracts, passports, or complex medical forms, Nanonets can understand and extract the information you need automatically.

What makes Nanonets different from traditional OCR solutions is its intelligence. While older systems rely on fixed templates that break when document layouts change, Nanonets uses advanced machine learning models that adapt to any document format. This means you don't need to spend weeks configuring templates for each new vendor invoice or contract type. The system learns from your documents and gets smarter over time.

The platform has already processed over 1 billion documents and earned the trust of 34% of Fortune 500 companies. Organizations like Deloitte, EY, Roche, and DeliveryHero rely on Nanonets to streamline their document-heavy operations. The results speak for themselves: users report an average 88.3% reduction in manual workload, achieving 3.5x return on investment within just 6 months. Perhaps most impressively, deployment is 2-3 times faster than industry standards—meaning you can start seeing benefits within weeks rather than months.

Nanonets serves finance and accounting teams, supply chain operations, human resources, customer support, legal departments, and industries ranging from banking and insurance to healthcare, logistics, and real estate. Whether you need to automate accounts payable, process insurance claims, or verify customer identities, Nanonets provides the intelligent foundation to transform how your team handles documents.

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Core Features That Drive Real Results

You might be wondering what specific capabilities Nanonets offers and how they translate to your daily work. Let's walk through each feature with a focus on what it means for your team.

AI Smart Data Extraction is the foundation of everything Nanonets does. You can use it to automatically pull key data fields from any unstructured document—invoices, contracts, forms, or even passports. The system combines advanced OCR with deep learning models to achieve greater than 95% accuracy without requiring you to set up any templates. This is particularly valuable if you deal with invoices from hundreds of different vendors, each with their own layout.

Document Classification and Recognition lets you handle mixed batches of documents automatically. Imagine dumping a pile of different documents into Nanonets and having it sort them out—identifying which are invoices, which are contracts, which are receipts. You can use this feature to automatically route documents to the right workflows, eliminating the need for manual sorting.

Workflow Automation is where Nanonets truly shines for business users. Instead of building complex integrations from scratch, you can use Nanonets' visual block-based builder to create sophisticated automation sequences. Each block represents a single operation—like extracting data, formatting dates, or sending notifications. You can add conditional logic (IF/THEN rules), run custom Python code, and connect to external systems. A typical invoice workflow might look like this: import PDF → AI extracts data → format dates → check against purchase order → export to your ERP.

Email Automation connects directly to your inbox. You can set up rules to automatically pull document attachments from incoming emails, extract their contents, and feed them into your workflows. This works perfectly for automated invoice collection or processing customer support tickets with attachments.

Accounts Payable Automation takes your invoice processing to the next level. Nanonets handles the entire AP workflow: extracting data, performing 2-way matching (invoice vs. purchase order) or 3-way matching (invoice vs. PO vs. receiving documents), and syncing with your ERP system. Users report processing speeds improving by 5 times, which means your team can handle much higher volumes without adding headcount.

Financial Reconciliation automates the tedious process of matching transactions across bank statements, credit card records, and accounting entries. The intelligent matching algorithm learns from your patterns and handles exceptions automatically, dramatically reducing the time spent on monthly close processes.

Generative AI capabilities let you leverage large language models for complex document understanding tasks. You can use this to analyze contracts for specific clauses, generate document summaries, or build intelligent Q&A systems that answer questions about your documents.

Human-in-the-Loop ensures that critical decisions always involve human judgment when needed. You can set up approval workflows for high-risk transactions or route exceptions to team members for review. Nanonets also offers managed services where their team handles review tasks for you.

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Who's Using Nanonets

Understanding how other teams use Nanonets can help you envision what's possible for your organization. Here are real-world scenarios where Nanonets delivers transformative results.

Invoice Processing Automation is the most common use case. If your finance team currently spends hours manually entering invoice data, Nanonets can change that completely. A typical scenario: your AP team receives hundreds of invoices daily from multiple vendors. Nanonets automatically extracts all key fields—vendor name, invoice number, line items, totals—matches them against purchase orders, and pushes validated data directly to your ERP. The result? Processing speed increases by 5 times, and your team saves 90% of the time they previously spent on manual data entry.

Purchase Order Processing benefits similarly. One Nanonets customer reduced their processing time from 8 minutes per order to just 48 seconds—a 90% improvement. The system automatically extracts PO data and matches it against procurement requests, flagging discrepancies for review before payment processing.

Insurance Claims Processing involves highly variable document types—medical records, photos, forms, receipts. Nanonets automatically classifies and extracts data from all these materials, performing cross-checks to verify claim details. One insurance provider achieved 85% reduction in processing time and saved $390,000 over 5 years by automating their claims workflow.

Tax Refund Automation transformed a tax services firm's operations. What previously took 24 weeks to process tax documentation now completes in just 1 week—a 96% efficiency improvement. The system extracts tax documents, validates information, and routes them for appropriate review.

Property Management Invoices presented a unique challenge for Ascend Properties, which manages thousands of properties. They needed to process mounting repair invoices while scaling their portfolio from 2,000 to 10,000 properties. Nanonets automated invoice data extraction and connected it to their property management system, reducing costs by 80% while handling 5x the volume.

Passport and Identity Verification solves a critical need for businesses handling international customers. Expatrio, a company serving expats moving to Germany, needed to verify passports and identity documents quickly. Nanonets achieved 94% accuracy while reducing verification time by 95%—transforming a process that used to take days into one that completes in minutes.

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Pricing Plans That Scale With Your Needs

Nanonets offers flexible pricing designed to accommodate businesses of all sizes, from startups processing their first invoices to global enterprises handling millions of documents monthly. Understanding how the pricing works helps you choose the plan that fits your volume and requirements.

The platform uses a block-based billing model. Each block represents a single operation within your workflow—like extracting text from a document, formatting a date, or running an AI classification. You pay per block execution. Simple tasks like data formatting cost approximately $0.02 per run, while more complex AI operations run about $0.30 per execution. This means you only pay for what you actually use.

Pay-as-you-go is the ideal starting point. When you register, you receive $200 in free credits to explore the platform. There's no platform fee and no fixed monthly cost—you simply pay for your actual usage. This plan includes basic AI data extraction, API and email integrations, and standard support. It's perfect for small teams or proof-of-concept projects.

Credits Accelerate offers volume discounts for growing teams. You purchase credits upfront at reduced rates—saving up to 40% compared to pay-as-you-go pricing. Credits can be shared across your team, and this tier unlocks advanced AI features including Classification AI, Checkbox detection AI, Barcode detection, and signature detection. You also gain access to AI-powered reporting and analytics. This plan is ideal if you're processing thousands of documents monthly and need advanced automation capabilities.

Enterprise is designed for large organizations requiring custom configurations, guaranteed performance, and strict compliance. Pricing is customized based on your specific needs. This tier includes SLA guarantees, HIPAA compliance, SOC 2 certification, private cloud deployment options, white-label customization, and a dedicated customer success manager. You also get SAML SSO, user access controls, and regional hosting options.

Most businesses start with Pay-as-you-go to validate the solution, then move to Credits Accelerate as their volume grows. Enterprise clients typically have compliance requirements or need custom integrations that justify the additional investment.

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Frequently Asked Questions