Nanonets
by Nanonets · Invoice & Document OCR
AI-powered OCR and document workflow automation for invoices, receipts, and forms.
- Works with
- NetSuite, QuickBooks, SAP, Oracle, Xero, Sage, Microsoft Dynamics 365
- Deployment
- Cloud, On-premise, Hybrid
- Company size
- SMB, Mid-market, Enterprise
- Pricing
- Usage-based (pay per workflow block); custom volume and Enterprise quotes
- Founded
- 2017
- Headquarters
- San Francisco, California, USA
Overview
Nanonets is an AI-based intelligent document processing (IDP) and OCR platform that extracts structured data from unstructured documents such as invoices, receipts, purchase orders, bills of lading, ID cards, bank statements, and forms. Rather than relying on fixed templates, its deep-learning extraction models adapt to varied document layouts, capturing header-level fields, line items, and tax data across 300+ document types. The platform pairs extraction with workflow automation so documents can be read, validated, routed, and posted to downstream systems with configurable human-in-the-loop review for exceptions.
The company has increasingly positioned the product around accounts payable and finance operations. Its AP automation offering ingests invoices from email, PDFs, scans, and EDI, performs 2-way and 3-way matching against purchase orders, applies GL coding rules, flags duplicates, and routes approvals before syncing approved bills to an ERP or accounting system. More recent releases add agentic capabilities — pre-built and no-code custom "agents" that chain extraction, validation, and posting steps end to end — alongside the Nanonets OCR model line used for the underlying data capture.
Nanonets is delivered primarily as a cloud SaaS with an API and prebuilt connectors, and offers private-cloud and on-premise deployment plus data residency options for enterprise customers. It integrates with major ERP and accounting platforms including NetSuite, QuickBooks (Online and Desktop), SAP, Oracle, Xero, and Sage, supporting bi-directional sync of master data (vendors, chart of accounts, POs) and outbound creation of bills and records. Pricing is usage-based, billed per workflow step.
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Data extraction & OCR
AI models that read structured and unstructured documents without per-template setup.
- Template-free, AI/deep-learning extraction adapting to varied layouts
- Header, line-item, and tax field capture
- Support for 300+ document types (invoices, receipts, POs, IDs, bank statements, forms)
- Nanonets OCR model line for underlying data capture
- Barcode and signature detection
- Document classification AI
AP automation
End-to-end accounts payable invoice processing.
- Multi-channel invoice ingestion (email, PDF, scans, EDI)
- 2-way and 3-way PO matching
- Automated GL coding from configurable rules
- Duplicate and fraud detection
- Approval routing with exception handling
- Vendor onboarding workflows
Workflow & agent automation
Configurable, no-code automation across document and email workflows.
- No-code Agent Builder for custom workflows
- Pre-built agents (AP, order management, reconciliation, cash application, supplier onboarding)
- Configurable human-in-the-loop review for exceptions
- Generative AI and custom Python blocks
- Email workflow automation
- Financial reconciliation
Integrations & connectivity
Connect extraction and workflows to ERP, accounting, and business systems.
- Prebuilt ERP/accounting connectors (NetSuite, QuickBooks, SAP, Oracle, Xero, Sage)
- Bi-directional master-data sync (vendors, chart of accounts, POs, classes)
- Outbound creation of bills and records post-approval
- REST API access
- Cloud storage and database connectors (Google Drive, Dropbox, Box, Snowflake)
- Communication tools (Slack, Microsoft Teams, Gmail)
Security & administration
Enterprise controls, compliance, and deployment options.
- SOC 2 Type I & II and ISO/IEC 27001
- AES-256 encryption at rest and 256-bit encryption in transit
- SAML SSO and SCIM provisioning
- Role-based access control
- Audit logs and SIEM integration
- Private cloud / on-premise deployment with US, EU, and APAC data residency options
Common use cases
- Automating accounts payable invoice processing and posting to an ERP
- Extracting structured data from receipts and expense documents
- 3-way matching invoices against purchase orders and goods receipts
- GL coding and approval routing for finance teams
- Order and document intake from email and scanned files
- Financial reconciliation and cash application
- Processing IDs, bank statements, and forms for onboarding
Strengths & considerations
Strengths
- Template-free extraction that adapts to new and varied document layouts
- Combines OCR/extraction with end-to-end workflow and agent automation, not just data capture
- Bi-directional ERP/accounting sync including master-data pull and outbound bill creation
- No-code Agent Builder plus pre-built agents for finance workflows
- Usage-based pricing with a free credit allowance and no per-seat platform fee
- Private-cloud / on-premise deployment with regional data residency for enterprise
Considerations
- Standard cloud data is stored in the USA; EU/APAC residency requires the Enterprise tier
- Volume and ERP-connector pricing is custom-quoted, not publicly listed beyond per-block rates
- Usage-based per-block pricing can be hard to forecast for high or variable document volumes
- Advanced compliance (HIPAA), SSO, and on-prem deployment are gated to the Enterprise plan
- QuickBooks Desktop relies on IIF/CSV export rather than a fully native real-time connection
ERP integrations
Prebuilt connector with REST/SOAP support, custom field mapping, and multi-entity (OneWorld) support.
QuickBooks Online via native API; QuickBooks Desktop via IIF/CSV export. Pulls vendors, accounts, and POs; creates payment-ready bills.
Pricing
Starter is free with $200 credits and no card required. Growth adds volume discounts (up to ~40%) and ERP/database integrations. Enterprise adds SSO/SCIM, RBAC, HIPAA, private cloud/on-prem, and data residency. A typical invoice workflow runs 4-6 blocks per document. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- AWS and GCP
- Data residency
- US, EU, APAC
- Compliance
- SOC 2 Type I, SOC 2 Type II, ISO/IEC 27001, GDPR, HIPAA
About the vendor
- Founded
- 2017
- Headquarters
- San Francisco, California, USA
- Ownership
- Private (venture-backed; Series B led by Insight Partners, with Accel and Elevation Capital)
Alternatives to Nanonets in Invoice & Document OCR
Nanonets — frequently asked questions
Does Nanonets integrate with NetSuite and QuickBooks?
Yes. Nanonets offers prebuilt connectors for NetSuite (REST/SOAP, custom field mapping, OneWorld multi-entity) and QuickBooks (Online via native API; Desktop via IIF/CSV). Both support pulling master data such as vendors, accounts, and POs and creating payment-ready bills after approval.
How is Nanonets priced?
Pricing is usage-based. Each workflow step is a 'block' that is billed per run, with rates ranging from roughly $0.02 for simple operations to about $0.30 for complex AI. A free Starter plan includes $200 in credits, and Growth/Enterprise tiers add volume discounts and additional features.
What compliance certifications does Nanonets hold?
Nanonets is SOC 2 compliant (Type I and Type II) and ISO/IEC 27001 certified, with reports available under NDA. It states GDPR compliance, and HIPAA compliance is offered on the Enterprise tier. Data is encrypted with AES-256 at rest and 256-bit encryption in transit.
Can Nanonets be deployed on-premise?
Yes. In addition to cloud SaaS, the Enterprise tier supports private-cloud and on-premise deployment, along with data residency options in the US, EU, and APAC.
What document types can Nanonets process?
Nanonets handles 300+ document types including invoices, receipts, purchase orders, bills of lading, ID cards, passports, bank statements, and forms, using template-free AI extraction that adapts to varied layouts.
Evaluating Invoice & Document OCR?
Tell us your ERP and requirements and we'll send an independent shortlist — including Nanonets and the best-fit alternatives — with honest pros and cons.