An AI tool to capture data from documents and automate manual data entry
Nanonets is an AI-powered tool designed to optimize business processes through intelligent automation and data extraction from various types of documents. It serves a range of industry needs — including finance, manufacturing, and healthcare — by automating tasks like invoice and receipt processing, ID and document verification, and even complex business workflows such as accounts payable, expense management, and supply chain optimization.
The platform supports seamless integration with numerous third-party applications and systems — including QuickBooks, Stripe, Airtable, and SAP — facilitating data flow across business operations. Nanonets uses advanced AI to extract, process, and enrich data from documents, emails, and databases without the need for pre-defined templates. This, in turn, enables businesses to transform unstructured data into actionable insights.
Nanonets also ensures that the automation of these business processes is user-friendly, requiring no code to set up and operate. Its AI engine is designed to learn and adapt to various documents and workflows, enhancing efficiency and decision-making capabilities.
The platform emphasizes data security, adhering to compliance standards like GDPR, SOC 2, and HIPAA — ensuring that businesses’ sensitive information is protected.
To sum it up – with its capability to export extracted data to numerous formats and directly to essential business systems, Nanonets aims to put business processes on autopilot — promising significant time and cost savings while improving accuracy and customer experiences.
What are the key features?
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- AI-driven automation: Streamline business processes with AI-driven automation, reducing manual tasks and increasing efficiency.
- OCR: Convert various documents such as invoices, receipts, and ID cards into digital data using Optical Character Recognition (OCR) technology.
- No-code platform: Easily set up and customize workflows without the need for coding, making it accessible even to non-technical users.
- Integration: The tool integrates with services like Gmail, Dropbox, and SAP to ensure smooth data flow across platforms.
- Smart decision engines: Automate decision-making processes by flagging, reviewing, and validating data efficiently.
Who is it for?
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Nanonets targets businesses across different industries, including finance, healthcare, supply chain, and customer support - which require automation of repetitive tasks and data extraction from unstructured documents. It is especially beneficial for companies looking to improve efficiency, reduce manual errors, and integrate AI-powered automation into their workflows.
Examples of what you can use it for
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- Automate invoice processing, reducing errors and speeding up payment cycles
- Optimize order processing and inventory management by extracting and analyzing data from various sources
- Organize and summarize patient data quickly, improving efficiency and patient care
- Streamline expense management and reconciliation by automating data extraction from financial documents
- Enhance customer service by automating data extraction from emails and support tickets
Pros & Cons
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- Lets you automate many of the manual tasks
- The built-in OCR makes data extraction much easier
- Integrates with existing tools
- Onboarding and setup could take some time
Last update:
November 24, 2024