What is Nanonets?
Nanonets is an AI document processing platform that extracts data from invoices, receipts, purchase orders, and other documents — automating the manual data entry work that accounts payable and operations teams spend hours on daily. It uses OCR plus AI to understand document structure rather than just reading text.
🚀 Sponsored Placement Available
Promote your AI tool to thousands of qualified buyers. View media kit →
Key Features
Here's what makes Nanonets stand out:
- AI OCR — Extracts text, tables, and key
- Document classification — Automatically identifies the type of document (invoice, receipt, contract) before extraction.
- Custom model training — Train extraction models on your specific document formats for higher accuracy than generic OCR.
- Approval workflows — Route extracted data through multi
- ERP integrations — Connects to QuickBooks, Xero, SAP, NetSuite, and Salesforce for end
Pros & Cons
✅ Pros
- 95%+ extraction accuracy on supported document types
- Custom model training without data science expertise
- ERP integrations for accounts payable automation
- Document classification saves manual sorting
❌ Cons
- Expensive for low-volume use cases
- Custom training requires sample documents
- Complex table extraction can miss merged cells
- No free plan — trial only
Our Rating
Who Should Use Nanonets?
Best for: Finance teams, operations departments, and businesses processing high volumes of invoices, receipts, and structured documents who want to automate data extraction and eliminate manual entry.
- Automatically extracting invoice data (vendor, amount, line items) for AP workflows
- Processing expense receipts and coding them to correct accounts
- Extracting data from purchase orders and syncing to ERP systems
- Automating document approval workflows triggered by extracted data
- Processing mixed document types with a single trained model
Nanonets Pricing
| Plan | Price | What's included |
|---|---|---|
| Free | $0 | 500 pages/mo, 1 model, basic extraction |
| Starter | $499/mo | 10,000 pages/mo, custom models, workflow automation |
| Pro | $999/mo | 50,000 pages/mo, advanced AI, API, integrations, SLA |
Best Nanonets Alternatives
Depending on your use case, these alternatives may serve you better:
Final Verdict
Nanonets is the strongest affordable document AI platform — the pre-built models for invoices, receipts, and forms reduce setup time, and the accuracy on common document types is production-grade. For enterprises with complex document workflows, Hyperscience or custom solutions offer more power. For SMBs automating document processing, Nanonets offers the best entry point.