Nanonets

Navigating document-heavy business processes often means battling manual data entry, errors, and significant delays. Nanonets AI directly addresses this challenge, offering a powerful platform that leverages advanced artificial intelligence to understand, extract, and automate tasks previously requiring extensive human effort. It's designed for businesses across various industries – from finance and manufacturing to insurance – that seek to transform chaotic document flows into streamlined, efficient, and accurate operations.

Key Features

Nanonets AI provides a robust suite of features engineered to automate your most demanding document-centric workflows:

• 🤖 Intelligent Document Understanding: Move beyond template-based extraction. Nanonets AI utilizes advanced machine learning and proprietary LLM-powered AI with semantic and contextual understanding to accurately extract data from virtually any document type – including invoices, receipts, purchase orders, complex forms, and unstructured text – regardless of layout or format. This capability ensures high accuracy, verified at 99%+ for common document types like invoices, receipts, and POs, providing reliable data input for your processes.

• ⚙️ No-Code Workflow Automation: Build and automate sophisticated business processes without writing code. The intuitive no-code platform uses simple, drag-and-drop building blocks, allowing you to define conditions, set actions, and create complex workflows for tasks like data validation, approvals, matching, and reconciliation as easily as describing them.

• 🔗 Seamless Integrations: Connect Nanonets AI effortlessly with your existing technology stack. The platform offers extensive integration support with over 300 tools, including leading ERPs (like Oracle NetSuite, Microsoft D365, SAP), CRMs (Salesforce, HubSpot), cloud storage services (Google Drive, Dropbox), and other business applications. This ensures extracted data flows smoothly into the systems you already use, powering end-to-end automation.

• 🙋 Human-in-the-Loop Control: While automation handles repetitive tasks, you maintain essential oversight. Implement smart approval rules and set up backup approvers within your workflows. This integrated human review step allows for validation of complex cases or exceptions, ensuring accuracy and compliance while still benefiting from automated efficiency.

How Nanonets AI Solves Your Problems:

By automating the journey from document ingestion to actionable outcome, Nanonets AI tackles key pain points in document-heavy processes:

• Eliminate Manual Data Entry: The AI extracts data automatically, drastically reducing or eliminating the need for manual keying, freeing your team from tedious, repetitive work.

• Reduce Errors and Improve Accuracy: AI-powered extraction and automated validation rules minimize human error, leading to cleaner data and more reliable business outcomes. The system can prevent duplicates and fraud, and improve audit readiness.

• Accelerate Processing Times: Automating data capture, matching, and approval steps significantly speeds up process cycle times. For example, businesses using Nanonets AI for invoice processing have reported reductions in processing time by up to 5x and cost savings exceeding 80%. Insurance underwriting teams have cut application processing time by as much as 95%.

• Gain Actionable Insights: Nanonets AI transforms unstructured document data into structured, usable information, centralizing your data. This allows you to uncover valuable insights, generate detailed analyses, and create custom reports to inform better decision-making.

• Streamline Complex Workflows: Automate decision-making processes, data matching (like 2-way/3-way matching for purchase orders), and reconciliation tasks, even those with multiple steps and conditional logic, turning complex operations into automated workflows.

Use Cases

See how businesses like yours are leveraging Nanonets AI:

• Accounts Payable Automation: Import invoices from various sources, automatically capture line-item data with high accuracy, route for intelligent approvals based on predefined rules, perform automated 2-way or 3-way matching against POs, and sync directly with your ERP system for auto-reconciliation and faster financial close. This leads to significant cost savings and reduces invoice processing time.

• Order Processing Optimization: Integrate with your CRM and automate data capture from sales orders received via email or other channels. Use automated workflows to validate order details, perform matching against stock data, and push structured order information directly into your WMS or fulfillment system, accelerating order fulfillment by up to 50%.

• Insurance Underwriting & Claims Processing: Automatically classify and organize incoming application documents, extract key data points, consolidate information from multiple documents into a single view, and automate steps like data validation and sending status updates, cutting application processing time and improving overall efficiency for underwriters and claims adjusters.

Why Choose Nanonets AI?

Nanonets AI stands out as a proven solution for document automation, delivering tangible results rapidly. Customers typically see measurable ROI within weeks, not months, with a median ROI of 3.5x over a 6-month payback period. The platform's setup time is 2-3x faster than industry standards, allowing you to achieve efficiency gains sooner. Furthermore, Nanonets prioritizes your data security, adhering to stringent compliance standards including GDPR, SOC 2, and HIPAA.

Conclusion:

Nanonets AI is your partner in transforming document chaos into automated clarity. By combining intelligent document understanding with flexible, no-code workflow automation, it empowers your business to reduce manual effort, minimize errors, accelerate processes, and unlock valuable data insights.

Explore how Nanonets AI can help you achieve significant efficiency improvements and streamline your document-heavy operations.