nanonets-com
Automate document processing & data extraction workflows for document-heavy business processes like accounts payable, order processing & insurance underwriting.
Introduction
What is Nanonets?
Nanonets is a platform that offers automated workflows powered by AI for various document - related tasks such as invoice processing, data extraction, document approvals, accounts payable, reconciliation, and claim processing. It helps businesses uncover insights from documents and automate repetitive tasks, providing measurable ROI across different industries.
Features of Nanonets
Document - related Workflows
- Handles various documents like Invoices, Bills of Lading, Purchase Orders, Passports, ID cards, Bank statements, and Receipts.
- Offers document workflows, email workflows, AP automation, and financial reconciliation.
AI - powered Solutions
- AI Agent Platform provides intelligent assistance for different tasks.
- Solutions are available by function (Finance & Accounting, Supply Chain & Operations, etc.), by industry (Banking & Finance, Insurance, etc.), and by use case (Accounts Payable, Account Reconciliation, etc.).
How to Use Nanonets
You can get started for free on Nanonets. The free version likely allows you to explore the basic features of data extraction and workflow automation. For more advanced features, custom - tailored solutions, and to handle larger volumes of documents, businesses may need to consider the paid plans. A demo can be requested to understand the platform's capabilities better. To use it, simply upload the relevant documents, and the AI - powered system will start the extraction and processing as per the configured workflows.
What kind of ROI can I expect?
On average, there is an 88.3% reduction in manual effort. The median ROI over a 6 - month payback period is 3.5x, and the setup time is 2 - 3x faster than industry standards.
How does Nanonets compare to other similar tools?
Nanonets provides comparison pages against tools like ABBYY, DEXT, Docparser, Kofax, Rossum, and Veryfi. This allows users to evaluate which tool best suits their needs in terms of features, performance, and cost.
What industries can benefit from Nanonets?
Industries such as Banking & Finance, Insurance, Healthcare, Logistics, and Commercial Real Estate can benefit from Nanonets' AI - powered document processing and workflow automation.
Frequently Asked Questions
How accurate is the data extraction?
While the exact accuracy percentage isn't provided in the given content, the fact that it's trusted by leading enterprises and offers significant reduction in manual effort implies a high level of accuracy.
Can I integrate Nanonets with my existing systems?
The presence of API documentation indicates that integration with existing systems is possible, but specific details on available integrations are not given.
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