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Text Content

PRODUCTS
Invoice OCRReceipt OCRPassport OCRDriver License (US) OCRID Card OCRTable
Extraction OCRText Extraction OCR
SOLUTIONS
AP AutomationTouchless Invoice ProcessingEmail ParsingERP Integrations
Resources
Customer Success StoriesBlogPartnerHelp CenterAPI Documentation
Converters
Free OCRPDF to ExcelPDF to CSVImage to TextSearchable PDFPDF to JSONPDF to
XMLPDF to TextWeb ScraperImage to Excel
PRICINGLOG INGET STARTED FOR FREE


customer stories


ASCEND PROPERTIES AUTOMATES PROPERTY MAINTENANCE INVOICES USING NANONETS


80%

Cost savings


4

savings in terms of FTEs


FROM 2,000 TO 10,000

Growth in properties managed



Industry
Property Management
Document types
Invoices
Location
United Kingdom
Integrations
SQL


GET A FREE CONSULTATION FOR YOUR USE-CASE!

Schedule a demoDrop a message


CLIENT:


ASCEND PROPERTIES

Ascend properties provides UK’s leading property fund a full-service property
management from build-to-rent services which offers support at all stages of the
scheme lifecycle pre-build consultancy,lease up rentals and asset management
set-up.  Ascend uses technology and expertise to increase efficiency and improve
the customer experience, which has been a key factor to its explosive growth of
50% YoY with over 10,000 properties under management.

go to workfLowgo to workfLow


Nanonets has helped us grow faster as a business and has set a high bar for
customer service, we were just looking for invoice automation but now we are
exploring more opportunities to automate document processing with Nanonets

David Giovanni, CEO



THE CHALLENGE

Ascend provides a property management platform where vendors can upload invoices
for maintenance services, these invoices were manually verified and uploaded to
their system. Ascend’s exponential growth of over 50% YoY led to an increase in
workload,  to upload and verify invoices manually would require over 5 full time
employees 

‍

Their team needed a platform powered by artificial intelligence that could
extract specific fields from the invoices which could help them scale without
adding additional resources to invoice management

Our business grew 5x in last 4 years, to process invoices manually would mean a
5x increase in staff, this was neither cost effective or a scalable way to grow.
Nanonets helped us avoid such an increase in staff.

David Giovanni, CEO



THE SOLUTION

Nanonet’s AI tool- Invoice OCR captures information from invoices and sends it
to Ascend properties. Ascend trained the AI to extract required information from
the invoices, post which they perform checks to ensure if all fields are
correctly populated and in line with expectations. 

They are currently looking to integrate the invoice data to an SQL database with
an automated validation process which would help them with fully automating
their workflow.


THE RESULT

Before
5 Full time Employees
Manual Processing Effort
After
1 Part time Employee
Effort required post Automation



THE RESULT

Nanonets has helped us in growing our business, we grew 5x in the last 4 years
and Nanonets has helped us scale our invoice management system. We saved 80% in
our processing costs, as we would have required 5x of our current strength in
the department if we were processing invoices manually. We have received great
support from Nanonets with response times in minutes instead of days from some
other software partners, which has helped us save us a lot of time.

In the long run, we are looking into further automating our processing and to
integrate our other workflows through Nanonets to help us save more. Nanonets
has provided Ascend with a scalable solution for automation which will help them
grow their business faster.

‍

To learn more about Ascend properties and their work, check out
ascendproperties.com.

To learn more about Nanonets, check out nanonets.com or speak with us today!

‍

We have saved over 80% in costs for invoice processing by automating through
Nanonets, we are further looking into integrating more of our services to reduce
costs

David Giovanni, CEO


GET IN TOUCH - START YOUR FREE TRIAL TODAY!

Reach out for any questions on our Enterprise plan, pricing, or security. Chat
with an enterprise collaboration specialist.


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PRODUCTS

Invoice OCRReceipt OCR Passport OCRDriver License (US) OCRID Card OCRTable
Extraction OCRPDF ScraperOCR API

SOLUTIONS

Accounts Payable AutomationAutomated Invoice ProcessingERP Integrations

RESOURCES

Customer Success StoriesBlogHelp CenterAPI Documentation

CONVERTERS

Online OCRPDF to ExcelPDF to CSVImage to TextSearchable PDFPDF to JSONPDF to
XMLPDF to TextPDF Bank Statement ConverterPDF OCRBarcode ScannerQR Code
ScannerWebsite ScraperImage to Excel

COMPANY

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