Managing bank statements manually is slow, frustrating, and full of errors. That’s where the Nanonets bank statement converter stands out, offering AI-driven extraction, multi-format support, and seamless integration with your accounting tools. Plus, its flexible pricing fits every business size, from startups to enterprises.

But what if Nanonets isn’t the right fit for you? Don’t worry — we’ve also explored the best alternatives to help you decide.

This guide covers everything you should know, from features and pricing to top options. Stay with us to find the right tool for effortless, error-free bank statement conversion.

What is Nanonets Bank Statement Converter?

Nanonets bank statement converter is an AI-powered tool that extracts data from bank statements in PDF or scanned formats. It converts complex financial documents into structured Excel or CSV files, helping you automate manual data entry and streamline your accounting tasks efficiently with this AI bank data extractor.
With Nanonets, you don’t have to worry about messy tables or scattered financial data. The tool reads through complex PDFs and scanned bank statements, then organizes everything neatly. This helps you handle large amounts of financial information without spending hours entering it manually.

Moreover, Nanonets integrates smoothly with your existing accounting software. You can process multiple statements at once, saving time and reducing human errors. As a result, your financial reporting becomes faster, more accurate, and easier to manage every month.

Key Features of Nanonets Bank Statement Converter

Nanonets bank statement converter offers advanced features designed to make your work easier. You can extract data, automate tasks, and handle complex bank statements quickly with better accuracy. Key features include:

AI-Powered Data Extraction

You get automatic data extraction from bank statements, including dates, transactions, and balances. The AI reads complex layouts and scanned documents, ensuring accurate conversion into structured Excel or CSV files without manual corrections.

Supports Scanned and Native PDFs

Nanonets works with both digital and scanned PDFs. You don’t need perfect files—blurry or inconsistent statements are processed easily. This flexibility saves time and avoids costly errors during conversion.

Multi-Page and Bulk Processing

You can process multiple bank statements at once, including long multi-page files. This feature helps you avoid repeated manual uploads, making large accounting tasks simpler and faster to complete.

Smart Categorization of Transactions

The tool automatically categorizes income, expenses, and other entries. You don’t need to sort or label anything manually. It saves you time and keeps your financial records clean and easy to review.

Easy Integration with Accounting Tools

You can connect Nanonets directly with your accounting software. This allows smooth data flow from your bank statements into your financial systems without copying or rechecking the information repeatedly.

Secure and Compliant Processing

Your financial data stays safe with enterprise-grade security. Nanonets is GDPR and SOC 2 compliant, so you can process sensitive bank statements without worrying about data privacy risks or security issues.

How to Convert Bank Statements Using Nanonets

You can convert your bank statements to Excel or CSV with Nanonets in a few easy steps. The process is simple, fast, and requires no manual data entry. Here’s how to do it:

Upload Your Bank Statement PDF

Choose the PDF bank statement you want to convert and upload it to Nanonets. The tool supports both scanned and native PDFs, ensuring accurate extraction of all transaction details.

Select the Output Format (Excel or CSV)

Pick your preferred output format—Excel or CSV. Nanonets automatically structures your data, making it easy to analyze, categorize, and integrate into your accounting system.

Process and Review the Extracted Data

The AI scans your statement, extracts transaction details, and organizes them neatly. You can review the extracted data before downloading to ensure everything is correctly formatted.

Download the Converted File

Once you are satisfied with the extracted data, download your bank statement in Excel or CSV format. Your financial data is now structured, making it easier to manage.

Integrate with Your Accounting System

You can connect the converted file to your accounting software or financial management system. This saves time and reduces errors in bookkeeping and reporting.

Benefits of Using Nanonets for Bank Statement Conversion

Nanonets gives you more control over your data conversion process. It offers detailed features that improve your financial data handling and simplify complex reporting tasks. Here are the benefits Nanonets offer:

Supports Custom Workflows for Different Business Needs

You can build custom workflows matching your finance process. Nanonets allows flexible rules and specific data extraction points, helping you handle unique bank formats without changing your workflow.

Improves Audit Readiness with Consistent Data

Nanonets provides consistent data formatting, which simplifies audits and financial reviews. You avoid missing transactions, making it easier to track every detail during compliance checks or financial audits.

Helps Generate Actionable Business Insights Faster

You can quickly turn raw bank statement data into actionable insights. Nanonets structures the data, allowing you to focus on analysis instead of wasting time formatting or cleaning up files.

Reduces Dependency on Manual Resources

With Nanonets, you don’t need extra staff for data entry tasks. This reduces operational costs and helps your finance team focus on strategic tasks rather than repetitive manual work.

Enables Remote Access and Cloud Processing

Nanonets runs completely online. You can convert and process bank statements from anywhere, making it ideal for remote teams handling multiple financial files without location barriers.

Nanonets Pricing Plans

Nanonets offers flexible pricing plans based on your usage needs. You can start with a free trial that covers up to 500 pages. Paid plans include Starter and Pro, designed for small teams or large enterprises. Pricing varies depending on page volume, API usage, and advanced features. 

Additionally, you can request custom pricing for enterprise needs. Each plan supports document extraction, API access, and workflow automation. As your requirements grow, upgrading helps unlock advanced AI training and integrations.

Nanonets vs. Traditional OCR Tools: A Comparison

Nanonets offers more advanced features than traditional OCR tools, making your bank statement conversion faster, smarter, and easier. Here's a simple comparison to help you understand the differences clearly:

Best Nanonets Alternatives

Finding the right tool to convert bank statements accurately is important. Below are the best alternatives to Nanonets that help you handle financial data extraction quickly and easily.

Bank Statement Converter

Bank Statement Converter focuses on financial documents. It extracts data from scanned or digital PDFs into Excel or CSV formats. The tool supports complex layouts, bulk processing, and ensures data security, making your statement conversion process smooth and error-free.

Rossum

Rossum offers intelligent document processing designed for financial workflows. Its AI reads complex statements, captures transactions, and reduces manual work. You can handle bulk uploads easily and integrate Rossum directly into your accounting systems for a faster workflow.

Docparser

Docparser provides flexible parsing options for PDF bank statements. You can set custom extraction rules, process bulk documents, and export the output directly to Excel or accounting platforms. It saves time and improves accuracy for finance-related tasks.

Veryfi

Veryfi uses advanced OCR to capture data from financial documents in real time. It organizes transactions, detects currency, and integrates with bookkeeping software. This tool is ideal if you want fast and accurate bank statement conversions.

Parseur

Parseur allows you to automate financial data extraction without coding. It processes bank statements, emails, and PDFs, then sends structured data to Google Sheets or other software. You can handle large volumes easily with less manual effort.

Conclusion

Throughout this article, we’ve explored how the Nanonets bank statement converter simplifies bank statement processing with AI-powered features, accurate data extraction, and flexible pricing. 

You also discovered the best alternatives if Nanonets doesn’t meet your needs. Now, it’s easier to choose the right tool based on your workflow and financial tasks. 

Whether you choose Nanonets or another tool, the goal is simple — save time, avoid manual work, and keep your financial data organized accurately.