Nanonets

Nanonets started as intelligent OCR and has grown into a broader AI document-processing platform. The core job is still reading documents (invoices, receipts, bank statements, and less common formats) and turning them into structured data, but it now wraps that in workflows and AI agents that can classify, route, and act on what they extract.

For accounting work, the common use is AP automation: an invoice arrives, Nanonets reads the header and line items, codes it, and pushes it into the ledger. Because the extraction is configurable, it also handles document types that off-the-shelf receipt tools ignore, which is the main reason teams with unusual paperwork choose it.

The pricing is usage-based, which cuts both ways. The Starter tier is free with $200 in credits, and you pay per document run after that, from a couple of cents for simple operations to around $0.30 for complex AI extraction. That is efficient for variable volume but harder to budget than a flat monthly fee.

It connects to QuickBooks Online, Xero, Sage Intacct, NetSuite, SAP, and Microsoft Dynamics, plus storage and automation tools, with an API for anything custom. Data residency options cover the US, EU, and APAC.

The flexibility is the trade-off. A solo bookkeeper who only needs receipts will find a single-purpose tool simpler, while a firm or AP team with varied documents and real volume gets the most from Nanonets' configurability.