ApprovalMax vs Nanonets Invoice OCR
ApprovalMax
approvalmax.com
Nanonets Invoice OCR
nanonets.comSide by side
| Figure | ApprovalMax | Nanonets Invoice OCR |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 10 | 3 |
| Spec score · Invoice OCR Software | 8.8 (#2) | 8.4 (#7) |
| Founded | LinkedIn lists ApprovalMax as founded in 2016. | LinkedIn lists the company as founded in 2017. |
| Headquarters | ApprovalMax Limited lists its registered office in London, United Kingdom. | San Francisco, California, United States |
| Licence | Terms grant a limited, non-exclusive subscription licence, prohibit reverse engineering and state that ApprovalMax retains ownership of the software and intellectual property. | The hosted service is proprietary and provided under a limited, non-transferable license; the terms prohibit copying, reverse engineering, redistribution, and derivative works. |
| Purpose | ApprovalMax automates accounts payable and receivable approvals and gives businesses control over financial processes. | Invoice OCR uses AI to capture invoice data and reduce manual data entry. |
| Rating on Capterra | 4.7 out of 5 from 30 reviews | 4.8 out of 5 from 81 reviews. |
| Rating on GetApp | 4.7 out of 5 from 30 reviews | 4.8 out of 5 from 81 reviews. |
| Rating on TrustRadius | 9.9 out of 10 from 11 reviews | 2 out of 10 from 1 review. |
| Support | The Xero pricing page lists customer support 24/5 and describes a knowledge base, how-to videos, and guides. | Starter includes community support, while Enterprise lists dedicated support and SLAs. |
| What it does | ApprovalMax is a cloud approval and financial-control platform for bills, purchase orders, invoices, expenses and other finance documents. | Invoice OCR converts image or PDF invoices into structured, machine-readable data for accounts-payable automation. |
Plans
ApprovalMax
- AdvancedPrice not published
- Advanced (QuickBooks Online)Price not published
- Advanced (Xero)Price not published
- NetSuite planPriced on request
- PremiumPrice not published
- Premium (QuickBooks Online)Price not published
- Premium (Xero)Price not published
- StandardPrice not published
- Standard (QuickBooks Online)Price not published
- Standard (Xero)Price not published
Nanonets Invoice OCR
- StarterFree
- EnterprisePriced on request
- GrowthPriced on request
In their own words
ApprovalMax
ApprovalMax automates accounts payable and receivable approvals and gives businesses controls for financial processes. Its accounts payable workflow covers capture, verification, approval, and payment, with multi-step workflows and configurable approval rules. Xero plans list unlimited workflows and approvals. Accounting integrations include Xero, QuickBooks Online, and Oracle NetSuite, with two-way data sync listed; Airwallex, Dext, and Slack are also supported. From Slack, users can approve, reject, or comment on documents. Plans range from unlimited workflows, users, and approval steps with a full audit trail to options adding bill-to-PO matching, budget checks, supplier onboarding, journal approvals, custom workflows, API access, and AI capture. iPhone and Android apps support submitting and approving requests, and web and API access are listed. ApprovalMax says it is ISO 27001 certified and offers single sign-on, two-factor authentication, and automatic logout after 15 minutes of inactivity. Customer data is processed in Microsoft Azure data centres in Ireland, with backups in the Netherlands. It is a paid service with no free plan, a 14-day trial, and pricing on request.
Nanonets Invoice OCR
Nanonets Invoice OCR captures invoice data with AI to reduce manual entry. Its interface displays the extracted information for verification, and its pretrained extractor handles key-value fields and tabular details such as line-item descriptions, rates, and quantities. Users can train a custom model on their data to add fields for free, or request a model with additional fields. The first 100 invoices are free; line-item extraction is available on a paid plan. Documents can arrive by email, file drop, cloud folder, or API, and the service offers API integrations and custom workflows. Listed integrations include Gmail, Outlook, Google Drive, Dropbox, QuickBooks, Xero, Sage, SAP, Oracle, NetSuite, Salesforce, and Slack. It runs on the web, through an API, and as a self-hosted deployment. Nanonets says its products are GDPR compliant and can be hosted on premise. Starter begins with $50 in credits, then costs $100/month for 100 credits; Enterprise lists private deployment, regional data residency, audit logs, SIEM integration, and dedicated support with SLAs.