The only Nanonets alternative for seamless data extraction

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Top Nanonets Alternatives Ranked

Nanonets
Docsumo
Textract
Document AI
FlexiCapture
Rossum

Overview

G2 Rating
78 reviews
55 reviews
24 reviews
36 reviews
10 reviews
90 reviews
Target Market Segments
Mid-Market
Mid-Market + Enterprise
Enterprise
Enterprise
Enterprise
Mid-Market
Pricing
Starts at $0.3 per page
Starts at $0.3 per page
Starts at $1.5 per 1000 pages
Starts at $1.5 per 1000 pages
Starts at $169 per month
Starts at $1500 per month
Free Trial

Key Features

Pre-Processing

OCR
Auto-Split
Auto-Classification

Data Extraction & Review

Active Document Type Folder View
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Pre-Trained Models
Limited pre-trained models for certain industries.
100+ pre-trained models for varied document types and industry-specific use cases.
15+ pre-trained models that cater to invoices, loan applications, and identity documents.
15+ specialized pre-trained models with support in multiple languages.
Limited set of pre-trained models for invoices and regulatory documents.
25+ pre-trained models that only cater to generic use cases.
Training Custom Models
Provision to train the custom model with 10 sample documents.
Ability to train the AI+ML model on your custom document type with just 10 documents.
Requires AWS expertise and complex to set up for non-technical users.
Requires IT support to train the model and customization is complex.
Requires IT support to train the NLP-led model and customization is very complex.
Long-drawn training process involving multiple steps and significant work hours to set up.
Document Reviewer
Similar UI to ABBYY. Has a built-in JSON output viewer.
Premium review screen experience with customizable fields.
Clean and easy-to-use UI with the option to customize fields.
Requires IT team support which complicates the customization.
Overwhelming review screen with a steep learning curve.
Clean and easy-to-use UI without the option to customize fields.
GenAI Document Summarizer
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Data Extraction from Large PDFs
Processes documents over 3 pages long in async mode at 2 pages per minute.
Accurate data capture from large documents with 50+ pages.
Takes a long time to batch process from larger documents.
Allows specification of number of pages to batch process, but takes a long time.
Lengthy processing time to capture data from large documents.
Inaccurate data capture for documents over 3 pages long.
Duplicate File Detection
Accuracy
93%
95-99%
93%
93%
82%
82%

Import & Export

API Access
Webhooks Access
Custom Integrations
Limited third-party apps available for integration.
10+ third-party apps available for integration.
Complex to set up.
Complex to set up.
10+ third-party apps available for integration.
20+ third-party apps available for integration.

Data Validation

Custom Formulae
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Post-Processing with Custom Code
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Master Data
Look-up
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Analytics

Document Processing Dashboard
Basic dashboard functionality.
Detailed reporting dashboard with usage, accuracy and time-savings data.
No dashboard.
No dashboard.
No dashboard.
Basic dashboard functionality.
Post-Processing with Custom Code
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Workflow

Assign Users for Review
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Support

Dedicated Account Manager
Available only in the Enterprise plan.
1:1 consultation with a dedicated automation expert.
Comes at an additional cost.
Comes at an additional cost.
Comes at an additional cost.
Available only in the Enterprise plan.

Start today with 100 free pages/mo

Choose the better alternative and get 10x more efficient with automated document processing.

Nanonets

Nanonets provides a no-code AI platform for document automation, featuring pre-trained models for limited document types. It aims to offer scalable solutions for businesses looking to enhance document processing with minimal customization​.

Key features -

  • Customizable no-code platform for training AI models.
  • Fast deployment of the solution.
  • Integrates easily with ERP systems like QuickBooks and Salesforce.

Things to consider -

  • Limited advanced AI and ML features compared to more robust platforms like Docsumo.
  • Some users report the need for further model customization for unique document types.

Pricing -

Nanonets has a pay-as-you-go pricing based on usage and offers three plans - Starter, Pro, and Enterprise. The price per page for the Starter plan begins at $0.3 based on the complexity of the document.

Docsumo

Docsumo is an AI-powered OCR software tailored for technology teams looking to get clean data tables from their documents.

Key features -

  • AI-powered data extraction for complex documents (invoices, bank statements, contracts).
  • Multiple input methods: emails, APIs, cloud drives, local uploads.
  • Customizable validation rules for accurate data and seamless integration.
  • Pre-trained AI models with options for custom training on specific datasets.
  • Intuitive, user-friendly interface for reduced manual efforts and errors.
  • Streamlines document workflows, improves accuracy and cuts processing time.

Things to consider -

According to user reviews, no significant limitations have been reported regarding Docsumo's performance.

Pricing -

Dosumo’s pricing model is divided into Free, Growth, and Enterprise plans. The Free plan offers a free trial, which includes 100 pages per month. The price per page for the Growth plan starts at $0.3.

Amazon Textract

Amazon Textract is a machine learning (ML) service that automatically extracts text, handwriting, layout elements, and data from scanned documents. Unlike basic OCR, it can identify, interpret, and retrieve specific data from documents.

Key features -

  • Automatically detects and extracts printed and handwritten text from documents.
  • Identifies and extracts key-value pairs, preserving context-like fields and their values.
  • Extracts table data while maintaining the structure of rows and columns.
  • Recognizes layout elements like paragraphs, titles, and headers for better document understanding.
  • Allows query-based extraction, retrieving specific data using natural language queries.

Things to consider -

  • Accuracy for handwritten documents can be low, requiring manual intervention.
  • Service can be expensive, especially for large-scale document processing.
  • Limited language support is available.

Pricing -

Amazon Textract offers a pay-as-you-go pricing model, with rates varying based on the specific API used and the number of pages processed. The basic plan for 1,000 pages begins from $1.50 per page.

Google Document AI

Google Document AI extracts structured data from documents, allowing for efficient analysis, search, and storage. The Document AI suite includes pre-trained models for data extraction, the Document AI Workbench for creating custom models or enhancing existing ones, and the Document AI Warehouse for searching and storing documents.

Key features -

  • Transforms scanned images and PDFs into searchable, editable text with OCR.
  • Extracts key-value pairs and table data from structured forms.
  • Categorizes documents using machine learning for efficient organization.

Things to consider -

  • Some documentation is outdated or ambiguous, with limited code examples for various use cases.
  • Instructions for training models are unclear, especially for non-technical users.
  • Multilingual support is minimal.
  • MultilinData extraction from PDFs can sometimes be inaccurate, requiring manual retraining.gual support is minimal.

Pricing -

Google Doc AI offers a pay-as-you-go pricing model. Basic OCR starts at $1.50 per 1,000 pages, with additional costs for more advanced features that come with the different processors.

ABBYY FlexiCapture

ABBYY FlexiCapture is a highly advanced OCR tool praised for its efficiency in digitizing, editing, and managing PDFs, Word documents, and scanned files. It offers a graphical interface that allows users to scan documents, import them, and apply OCR to them.

Key features -

  • Utilizes AI-powered OCR for highly accurate text recognition.
  • Supports a wide range of document formats.
  • Comprehensive tools for editing and managing PDFs.

Things to consider -

  • Some advanced features may have a steeper learning curve for users.
  • The pricing can be higher compared to more basic OCR solutions.

Pricing -

ABBYY offers two different plans for the FlexiCapture solution, catering to businesses and individuals. The pricing for their Individual plan begins at $34.50/year for Mac devices and $49.50/year for Windows users.

Rossum

Rossum is an AI-powered document processing platform designed to automate data extraction for accounts payable, customs, order management, and quality assurance use cases. It offers a customizable solution with high accuracy and minimal setup, which is ideal for businesses seeking to streamline transactional workflows.

Key features -

  • AI-powered document processing with a focus on invoices and purchase orders.
  • Customizable AI models with minimal training required.
  • Human-in-the-loop capabilities for validation and review.
  • Seamless integration with ERP systems like SAP and Oracle.

Things to consider -

  • Primarily focused on transactional documents; less flexibility for other types.
  • Requires some setup and training for custom workflows.

Pricing -

Rossum segments its custom pricing model into four categories based on volume and specific use cases - Starter, Business, Enterprise, and Ultimate. The Starter plan starts at $1,500 per month.

Arbor Logo
Best Document AI solution that comes with pre-trained APIs a CRE lender needs
"Amongst others, the biggest advantage of partnering with Docsumo is the data capture accuracy they’re able to deliver. We’re witnessing a 95%+ STP rate, that means we don’t even have to look at risk assessment documents 95 out of 100 times, and the extracted data is directly pushed into the database."
Howard Leiner
CTO, Arbor
Docsumo is your go-to solution if you need a flexible solution to capture data from unstructured documents
“Docsumo does a very good job when it comes to our specific use-case. Debt settlement letters vary a lot from each other, but Docsumo manages to capture data accurately almost every single time at the processing speed which is unprecedented. We’re witnessing the STP rate of over 95% with Docsumo.
Daniel Tilipman
President & Co-Founder, National Debt Relief
Jones Logo
With Docsumo we are now able to process thousands of ACORD Forms in a day
“We were looking for a tech partner to automate analysis of certificates of insurance for our real estate liability management software. We are really happy with Docsumo’s APIs and their team’s dedication to solving our problem. We are now able to process thousands of ACORD forms a day automatically while being able to get accurate analytics from over 100 data points”
Michael Rudman
Co-founder & CTO, Jones
With Docsumo, we are now able to save more than 500 hours per month.
BiagiBros Logo
“With Docsumo, we are now able to assign barcodes in less than 2 mins. The same process used to take us 20 mins previously. We are now saving hundreds of hours a month generating Advanced Shipment Notifications. It has reduced manual errors drastically.”
Neil Lawrence
Business Process Manager, BiagiBros, California
Westland Logo
One solution for different utility bill formats
“We’re processing utility bills from 6 different service providers for portfolio management. The challenge was to have just one solution to process all different versions of bills to save us the hassle of retraining & switching amongst multiple solutions. Docsumo has been able to deliver just that - one solution for all different variations.“
Shani Nowlin
Chief Technology Officer Westland Real Estate Group
Payu Logo
Best in class for capturing data from financial documents
“We are using Docsumo’s APIs for automating data capture from bank statements and identity cards while on-boarding customers. It has reduced the time our operations team spends on data entry by manifolds while providing a much better customer experience.”
Prashanth Ranganathan
CEO, PayU Credit

6 Reasons Why Companies Move from Nanonets to Docsumo

Best suited for enterprises

Nanonets work well only for a limited set of documents. However, Docsumo's comprehensive approach covers more than 30 document APIs across lending use cases.

With automation,
make data processing a breeze

Docsumo accelerates data extraction, ensuring your team spends minimal time processing documents. With data available in under 30 seconds upon upload, you can prioritize essential activities such as on analysis and decision-making.

Didn't find your API?
Train yours easily

Create your own API by training on your model with as few as 50 documents. As the volume of documents increases, the more accurate it becomes.

Get on a call with our experts to try our sandbox environment before you try out Nanonets API.

Get used to 90%+ touchless processing

Nanonets OCR falls short in accuracy when dealing with documents exhibiting variability in document types.

Docsumo’s model learns as more document types are processed and also gives straight-through processing of more than 90% for all common use cases.


Integrate easily with your existing systems

Docsumo integrates with your existing systems, including CRMs, ERPs, and in-house software.

Unlike Nanonets, Docsumo provides flexibility in output formats, delivering data in your preferred choices such as MS Excel and JSON.

A user interface so smooth that lets anyone get started in seconds

With Docsumo, you get a great user interface - one that hardly takes a few seconds to get used to. Designed with users in mind, so you aren't left guessing which button does what.
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G2 & Capterra Ratings for Docsumo