Invofox vs Nanonets Invoice OCR
Invofox
invofox.com
Nanonets Invoice OCR
nanonets.comSide by side
| Figure | Invofox | Nanonets Invoice OCR |
|---|---|---|
| Price from | $500/mo | Free |
| Free plan | Yes | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | Yes |
| Plans published | 4 | 3 |
| Spec score · Invoice Processing Software | 8.8 (#4) | 8.3 (#9) |
| Deployment | Cloud is the default deployment, zero retention is opt-in for Scale and Enterprise, and on-premise is reserved for Enterprise clients. | Enterprise pricing offers private-cloud or on-premises deployment and regional data residency in the US, EU, and APAC. |
| Headquarters | Madrid, Spain | San Francisco, California, United States |
| Integrations | The Zapier integration can route extracted data to more than 9,000 apps, including workflows with Google Drive and Google Sheets. | Nanonets lists 25-plus native connections including Gmail, Outlook, Drive, Dropbox, Box, SAP, QuickBooks, Xero, Sage, Salesforce, HubSpot, Zendesk, Slack, Jira, and Asana. |
| Intended users | The site describes use across fintechs, marketplaces, logistics operations, accounting platforms, and enterprises. | Nanonets describes its document-focused workflows as serving accounts payable, order management, logistics, and healthcare revenue cycle teams. |
| Purpose | Invofox extracts structured data from PDFs and images through an API. | Invoice OCR uses AI to capture invoice data and reduce manual data entry. |
| Security certifications | The company states SOC 2 Type II, ISO 27001, GDPR and HIPAA compliance or readiness. | Nanonets states that it is SOC 2 compliant and ISO/IEC 27001 certified, with independently attested Type I and Type II reports available under NDA. |
| Support | The Free plan includes community support, Starter includes email support, and Scale includes priority support and a dedicated account manager. | Starter includes community support, while Enterprise lists dedicated support and SLAs. |
| What it does | Invofox is a B2B SaaS service that digitizes documents and returns extracted structured data. | Invoice OCR converts image or PDF invoices into structured, machine-readable data for accounts-payable automation. |
Plans
Invofox
- FreeFree
- Starter$500 a month
- EnterprisePriced on request
- ScalePriced on request
Nanonets Invoice OCR
- StarterFree
- EnterprisePriced on request
- GrowthPriced on request
In their own words
Invofox
Invofox extracts structured information from PDFs, images, and scanned files, returning JSON through an API. Its pipeline handles OCR, document splitting and classification, field extraction, schema mapping, validation, and webhook delivery. Custom schemas let teams map extracted fields to their own data models. Invofox reports 99.2% document extraction accuracy and says reported mistakes are automatically credited back. Zapier can route extracted data to more than 9,000 apps, including Google Drive and Google Sheets. Invofox states that it complies with SOC 2 Type II, ISO 27001, GDPR, and HIPAA, and encrypts data in transit with TLS 1.3 and at rest with AES-256. Cloud is the default deployment. Zero retention is an opt-in for Scale and Enterprise, while on-premise deployment is reserved for Enterprise. The Free plan covers 500 pages and includes pre-trained models for invoices, receipts, utility bills, tickets, and payslips. Starter costs $500 a month, billed annually, for up to 5,000 pages per month. Scale and Enterprise have custom pricing.
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.