Nanonets Accounts Payable
Accounts payable (AP) & spend analysis software
Accounts payable automation software
Invoice management software
Procurement software
Accounting & finance software
Automotive invoice software
Expense billing software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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What is Nanonets Accounts Payable
Nanonets Accounts Payable is an accounts payable automation product that captures invoice data, routes invoices for approval, and supports downstream AP workflows such as matching and export to accounting/ERP systems. It is used by finance and AP teams to reduce manual data entry and standardize invoice processing across vendors and formats. A key characteristic is its OCR and machine-learning-based document data extraction, which is positioned to handle varied invoice layouts and supporting documents.
Strong invoice data capture
The product centers on OCR and machine-learning extraction to convert invoices and related documents into structured fields. This can reduce manual keying for invoices that arrive as PDFs, scans, or email attachments. It is well-suited to organizations that receive invoices in many formats and need configurable field capture.
Workflow and approvals support
Nanonets Accounts Payable supports routing invoices through review and approval steps, helping AP teams enforce controls and create an auditable process. This aligns with common AP automation requirements such as exception handling and role-based approvals. It can be used to standardize processing across departments and locations.
Integration-oriented AP automation
The product is designed to fit into an existing finance stack by exporting captured invoice data to other systems. This approach can be useful for teams that want to automate intake and approvals without replacing their general ledger or ERP. It also supports use cases where invoice capture is the primary bottleneck rather than procurement sourcing.
Limited source-to-pay breadth
Compared with full procurement suites in this space, the product’s core focus is AP invoice capture and processing rather than end-to-end source-to-pay. Organizations needing deep sourcing, contract lifecycle management, supplier risk, and complex procurement orchestration may require additional systems. This can increase integration and governance effort across tools.
ERP matching depth varies
AP automation value often depends on how well two-way/three-way matching, GR/IR, tax handling, and exception workflows align with the organization’s ERP configuration. The product’s effectiveness can vary based on the available connectors and the complexity of the customer’s purchasing and receiving processes. Some teams may need implementation work to reach high match rates and clean exception queues.
Spend analytics may be basic
The category list includes spend analysis, but AP-focused tools commonly provide lighter analytics than dedicated spend analytics platforms. If a team needs advanced classification, multi-source enrichment, and enterprise-wide spend cubes, they may find native reporting insufficient. This can lead to exporting data to BI tools or adding a specialized analytics layer.
Plan & Pricing
Pricing model: Pay-as-you-go (consumption-based, credit system) Free tier/trial: $200 worth of free credits upon signup to test the platform (trial credits). No evidence of a permanently free plan/tier on the pricing pages inspected. Example costs / notes:
- Block-based pricing: charged per workflow block run (usage measured in "runs"). Example block prices shown in vendor FAQ: simple formatting ~ $0.02/run; AI-powered data extraction ~ $0.30/run.
- Credits: Pre-purchase Credits to get discounted usage; volume/commitment discounts available via "Credits Accelerate" (sales contact required).
- Volume/Enterprise: Enterprise/custom pricing and add-ons (role-based access, SSO, custom SLAs) available via sales.
- Blog/ROI calculator (official site) lists a PRO Plan example: $999/month per model (includes up to 10,000 pages) and notes pay-as-you-go example of first 500 pages free then $0.30/page afterward; these specific plan-level amounts appear in blog/ROI content rather than the main pricing page and may represent illustrative examples rather than the standard catalog pricing.
Discounts / billing: Volume discounts up to ~40% noted for large commitments; billing is based on number of runs × block price; Credits used to prepay at a discount.
(See vendor pricing page and documentation for details on how runs are counted, add-ons, and enterprise quotes.)
Seller details
Nanonets, Inc.
San Francisco, CA, USA
2017
Private
https://nanonets.com/
https://x.com/nanonets
https://www.linkedin.com/company/nanonets/
