In today's rapidly moving world, automation helps businesses regulate and manage their workflow for higher efficiency. With AI automation tools, you can delegate repetitive tasks to the AI model and focus on your core operations. The market is also seeing a rise in AI-based intelligent document processing (IDP) services that help you gain data-driven insights quickly and accurately. 

 Are you looking for such a tool to enhance your operations? Meet Nanonets! This AI-powered company offers documentation tools and an Optical Character Recognition (OCR) system to extract meaningful information from documents, email threads, tickets, and databases to unlock the true potential of these unstructured data. Do you want to explore this platform more? In this blog, we will discuss the features of Nanonets and their pricing structure to help you understand the tool. We will also provide you with suitable alternatives to Nanonets so you can automate your processes without any hassle. Continue reading to learn more about how to create an efficient workflow!

What is Nanonets?

Nanonets is an AI-driven intelligent document processing company. It helps transform raw information into actionable intel that supports decision-making with advanced AI algorithms. Nanonets developed its innovative no-code workflow platform to allow businesses to automate any manual process by 88.3%, regardless of its complexity. 

With its smart AI model engines, teams can streamline workflows and coordination, leading to better outcomes. Moreover, Nanonets can help empower various industries, from healthcare to supply chain management. To get started, all you have to do is upload your data and let Nanonets’s AI tools provide you with useful insights. 

Nanonets is on a mission to change the way businesses work with its unprecedented automation infrastructure. Their solutions not only automate workflows and resource utilization but also encourage innovation culture and type ideas. This platform is best for entrepreneurs and businesses of all sizes who want to extract insights from a diverse range of data quickly, identify gaps in their workflow, or transform their processes with automation. 

Features of Nanonets

Nanonets offer an array of powerful features to suit every modern business’s requirements. Here are the top features of Nanonets:

1. Document Breakdown

Extracts structured data fields (e.g. names, dates, amounts) from documents of any type. In healthcare, it increases productivity by saving 95% of the summary report creation time and securely managing patient data. Meanwhile, in manufacturing, the platform helps with supply chain and inventory management as well as product forecasting. 

2. Workflows Customization

You can shape the workflows as per your own business needs that smoothly integrate with other systems and processes. In finance, it streamlines and enhances approval processes across the board for accounts payable. Bring in up to 100,000 new vendors each month by capturing invoices from emails as well as purchase orders from systems.

3. Machine Learning Models

Nanonet’s AI model can learn with a continuous data input that allows the accuracy of results to improve and adapt over time. With these robust and frequent updates, you can significantly enhance the quality of the data extraction outcomes. 

4. API Integration

The platform allows for seamless integration with third-party applications and enterprise software to create a unified ecosystem. In manufacturing, it reduces revenue leakage with nearly 30% faster order processing and higher monthly sales through managing inventory and reducing stockouts using API integration.

5. Secure Infrastructure

Nanoets includes advanced security measures to protect sensitive data and comply with industry regulations. This ensures that you can safely scale and automate your workflow and scale your operations. 

Nanonets Pricing

With so many exciting and useful features, you must be wondering about the cost structure of this platform. Nanonets pricing is flexible and divided into three models based on different use cases and scalability. Here is the complete detail of the Nanonets pricing plan with its features:

Top 5 Nanonets Alternative

While Nanonets has several advantages and features, it has some challenges associated with it, too. Some of these include high costs for pro plans, limited customization options, a more comprehensive focus on OCR-based technology, and a data processing rate that may not be ideal for businesses with very high data processing requirements. 

Fortunately, there are several suitable options besides Nanonets in the documentation processing market. If you are looking for a Nanonets alternative, we have prepared a list of the best 5 tools to help you automate your processes. All the tools on our list have their unique advantages in facilitating different business requirements across various industries. Here are the top 5 Nanonets alternative:

1. Ocrolus

Ocrolus is a best-in-class document platform that is focused on automating data extraction and analysis for financial documents. It is particularly useful in industries such as finance, lending, and insurance, where accurate data capture from documents is important.

Features of Ocrolus:

• Automatic Data Capture - The tool provides high precision while extracting content from a wide range of document types.
• Real-Time Processing - Supports fast data extraction and processing within a short period.
• Compliance and Security - Ocrolus has certifications like SOC 2, which ensure that your data is handled and stored securely.
• Machine Learning Algorithms -  Improves accuracy using AI and machine learning on every query.
• Integration - The platform can easily be integrated with third-party applications for enhanced usability. 

2. DocDigitizer

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DocDigitizer is designed with a significant focus on simplicity and accuracy. It is the perfect choice for businesses that perform extensive data extraction and process large volumes of documents daily.

Features of DocDigitizer

• High Accuracy Extraction - DocDigitizer's key feature is the accurate extraction of information from a wide variety of document types using advanced AI. 
• Scalability - This technology can be easily scaled up to accommodate business growth and enhance the efficiency of document processing. 
• User-Friendly Interface - It ensures that the setup is straightforward to perform and the platform is easy to navigate. 
• API Integration - Offers APIs that can be easily integrated with your existing platform. 
• Security - Enjoy robust, enterprise-level secure infrastructure that is GDRP- and HIPPA-complaint, in addition to observing regulations of local and international privacy and data safety laws.

3. Procys

Procys is another all-in-one document automation tool that provides powerful data extraction and processing functionality. It is perfectly suited for small—to medium-sized businesses seeking to standardize their document workflow and procedures.

Features of Procys

• Customization - Procys provides customizable workflows to meet unique business requirements.
• OCR Exports - It can pull essential data fields from invoices, receipts, and other docs.
• Machine Learning - the algorithm learns from the data and pattern and becomes more accurate over time.
• ERP Integration: The platform seamlessly integrates with your Enterprise resource planning (ERP) system for a centralized workflow. 
• UBL Format - The processed data is in the universal business language (UBL) format, ensuring compatibility with different systems and standardization across different platforms. 

4. Adobe Acrobat

Adobe Acrobat is a popular and highly used document management tool providing powerful PDF editing as well as process automation components. It is perfect for businesses with heavy PDF needs and document collaboration requirements.

Features of Adobe Acrobat

• Annotation and PDF Editing - Full-featured tools for editing, creating, and converting your PDF documents.
• Document Automation - The platform facilitates automated workflows for document approval and processing.
• Adobe Sign (eSignature) - Allows trusted digital signatures with Adobe's secure e-sign services.
• Collaboration Tools -  Adobe Acrobat allows live collaboration on documents.
• Security - Offers enterprise-grade security, such as encryption and access controls.

5. Rossum

Rossum is a great Nanonets alternative for companies to stop doing manual data entry. This tool is powered by robust AI algorithms with humans in the loop. It can greatly improve your accounts payable workflows, order management, and other business processes with its exclusive Large Language Models.

Features of Rossum

• AI-based Data Extraction - With machine learning algorithms, the platform can recognize and interpret data from invoices, financial documents, delivery notes, and other documents.
• Fully Automated - The platform provides end-to-end automation by matching received and order invoices, capturing data, and processing for validations and approvals.
• Scalability - It is able to manage large volumes of documents, which is good for larger businesses. 
• Integration - The solution integrates very well with ERP systems and other business applications to automate entire workflows.
• Compliance - Your data and privacy are safe as the platform complies with financial regulations and data protection standards.

Power Your Workforce Automation With Neo

Do you wish to make the most out of your workflow, not just processes but communication as well? Neo is the perfect answer for you. It is a rising email hosting platform that offers robust functionality for several business operations. It offers a free email address and a .co.site domain for a limited trial. Hence, you can easily create a professional email account without a domain that you’ve purchased prior. However, with Neo, you can also integrate your custom domain with com, biz, or edu email seamlessly. 

Moreover, Neo offers a one-page website that is complimentary with all its plans along with an easy-to-use website builder. Email marketing tools, contact segmentation for mass emailing, and collaboration features are also provided by Neo. It also integrates with your automation platform quite easily. 

One of the other interesting features of this email hosting platform is its proprietary AI email writer, which streamlines the drafting process, allowing you to stay consistent with your brand tone and voice. It also helps you prepare email templates that can be customized to your preferences.  

Wrapping Up

Nanonets is a versatile solution for businesses that need strong document automation support. The platform is well-suited to businesses seeking to automate their workflows and cut down on the resources required to manually process their data. With Nanonets, a company can personalize machine learning models that keep learning perpetually and offer a broad array of integrations. Despite the numerous advantages, Nanonets also has an alternative platform that can provide good value. 

If you are looking for an integrated email solution with your automation platform, Neo proves to be a suitable option. It also comes up with a simple one-page website where you showcase your offers beautifully done with function. So, choose your AI-powered automation platform today and combine it with Neo’s email capabilities!

Frequently Asked Questions (FAQs)

Q1. Does Nanonets work with cloud storage platforms like Google Drive and Dropbox?

Yes, you can integrate the platform with Google Drive, Dropbox, or any other cloud storage tool. You can also add screenshots, and manage and filter your files directly using Nanonets API.

Q2. Does Nanonets support non-English language documents?

Yes, With its highly efficient OCR technology, Nanonets can process and extract data from documents in multiple global languages accurately.

Q3. Do Nanonets offer training and customer support to new users?

Yes, only Nanonet’s enterprise plan provide 1-on-1 user training. However, other plans of Nanonets only provides detailed resources for training new users, not personaliozed training. However, with its user documentation, customer support, and community resources, navigating the platform can be easy.