Nook

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Author : Jordan Reader

Document scanning

Overview

Nook is designed to be a one-stop shop for processing, approving and paying invoices via OCR document scanning.

The software aims to help you:

Rapidly capture any invoice with line items
Payments integrated with your bank and ledger
Auditable integrated approval workflows
Multi-currency payments
Easily delegate approvals and payments

There are 3 packages offered:

Process & Pay: £20 p/m

20 payables per month
1 team member
1 accountant

Process, Pay & Approve: £85 p/m

100 payables per month
Unlimited team members
Approval workflows
Purchase orders

Enterprise: £399 p/m

500 payables per month
API access
Account manager

If you’d like to learn more about Nook, check out the more information table below. Or, if you’d like to continue browsing our App Centre, click here!

Cost	Process & Pay: £20 p/m for 20 payables \| Process, Pay & Approve: £85 p/m for 100 payables \| Enterprise: £399 p/m for 500 payables
Competitors	Dext Prepare, Basecone, Dokka, Hubdoc, AutoEntry
Function	OCR & Scanning
USP	Free to use with access to multi-currency
Use Case	Nook.io is a business-to-business processing, approval and payment platform for SMEs
Features	Invoice processing functionality \| Approvals workflows \| Invoice payment via Open Banking or via Nook Wallet \| Integrates with Xero, QuickBooks and SageOne \| Automatic reconciliation with the accounting software \| Multi-currency payments can be made
Strengths	Ability to process invoices in Nook including line item extraction \| Approvals can be set up by invoice amount or by the supplier \| Invoices can be made via Open banking or via the Nook Wallet \| No subscription charges \| The details of the invoice and nominal code can be viewed in Nook before approval and payment if required \| Payments reconcile automatically with the accounting software \| Has inbuilt fraud detection functionality \| The platform is easy to use and set up \| Good support \| Exciting roadmap including payroll processing and customer payments
Considerations	Currently no ability to upload and pay payroll files \| Less well established than some other similar apps and not on the Xero App marketplace \| Limited integrations with Xero, Quickbooks and SageOne \| The only foreign currency supported is Euros \| Limited banks supported for Open Banking payments
Target Customers	Accountants

Cost

Process & Pay: £20 p/m for 20 payables | Process, Pay & Approve: £85 p/m for 100 payables | Enterprise: £399 p/m for 500 payables

Competitors

Dext Prepare, Basecone, Dokka, Hubdoc, AutoEntry

Function

OCR & Scanning

USP

Free to use with access to multi-currency

Use Case

Nook.io is a business-to-business processing, approval and payment platform for SMEs

Features

Strengths

Ability to process invoices in Nook including line item extraction | Approvals can be set up by invoice amount or by the supplier | Invoices can be made via Open banking or via the Nook Wallet | No subscription charges | The details of the invoice and nominal code can be viewed in Nook before approval and payment if required | Payments reconcile automatically with the accounting software | Has inbuilt fraud detection functionality | The platform is easy to use and set up | Good support | Exciting roadmap including payroll processing and customer payments

Considerations

Currently no ability to upload and pay payroll files | Less well established than some other similar apps and not on the Xero App marketplace | Limited integrations with Xero, Quickbooks and SageOne | The only foreign currency supported is Euros | Limited banks supported for Open Banking payments

Target Customers

Accountants

Nook

Overview

More Information

Integrated Apps

Xledger

Sage Accounting

Xero

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