Nanonets

What is Nanonets?

Nanonets is a groundbreaking technology platform that leverages artificial intelligence (AI) for intelligent document processing. It uses machine learning (ML) to capture, classify, and extract data from semi-structured and unstructured documents, thereby eliminating the need for manual data entry and improving process efficiency.

Through its diverse set of tools and features, Nanonets automates your finance and accounting operations such as invoice processing, receipt OCR, and purchase order OCR. The platform's capability extends beyond finance and applies to a wide array of industries seeking to streamline their document handling processes through automation.

Nanonets also comes packed with numerous document processing tools such as ID card verification, document OCR, and text extraction OCR. It's a comprehensive tool engineered to read, understand and extract information from various document types swiftly and accurately.

How to Use Nanonets: Step-by-Step Guide to Accessing the Tool

To start using Nanonets, you'll need to sign up for an account on their platform. A demo option is available for first-time users looking to explore the platform's capabilities. Once you've signed up, you can log in to your account and start using the tools available.

Nanonets has a user-friendly interface designed to expedite the process of document processing. You can choose the specific tool you'd like to use, such as invoice OCR or receipt OCR, then upload the documents you want to process. Thanks to its intelligent algorithms, the platform will promptly capture the necessary data from your uploads.

The processed data can then be validated, and the platform allows for specific fields capture, ensuring clean, concise data extraction. One of the standout features of Nanonets is its continuous learning capability. With every new document processed, the AI model learns and improves, offering increased accuracy over time.

Nanonets Use Cases

The application of Nanonets is vast and extends across various industries. In finance, it can automate tasks like bill payment and invoice processing, consequently enhancing productivity and accuracy.

Testimonials from users reveal Nanonets' significant role in saving time, reducing costs, and improving efficiency. For instance, at Expatrio Global Services GmbH, Nanonets' OCR technology helped achieve a staggering 95% reduction in manual data entry time. A Maryland-based remediation contractor, ACM Services, saved up to 90% of its Accounts Payable team's time through Nanonets Invoice Extraction.

Overall, Nanonets has proven to be a powerful tool in the digital transformation journey of businesses of all sizes and from various sectors. Its artificial intelligence and machine learning technology have helped automate manual processes, saving precious time and improving overall productivity and efficiency.