Innovative accounting software firm FreeAgent and global payment solutions company Mimo have announced a new partnership that will enable small businesses to manage their payments, cash flow & financing more effectively.

Under the partnership, FreeAgent’s award-winning software will be directly integrated with the Mimo platform, saving small business customers valuable time and money by providing them with a single tool to manage global payments, cash flow & financing.

By integrating FreeAgent and Mimo, small businesses will be able to batch pay suppliers with a single click, saving up to one day a week through fast invoice payments. Customers will also be able to effortlessly pay suppliers up to 60 days later, and in any currency, saving them even more time and admin.

Through the integration, customers will also be able to control cash flow with built-in credit lines and simplify approval flows by setting up roles to collaborate across finance teams, accountants or bookkeepers. Mimo also auto-reconciles all payments with FreeAgent to ensure all payment information is kept up-to-date.

Stewart Hurd, Chief Sales Officer at FreeAgent, said: "The new integration between Mimo and FreeAgent is another big step for us in providing innovative and exciting solutions to our accounting partners and their small business clients. As the first accounts payable integration with FreeAgent, we are excited to see how the Mimo partnership can drive efficiencies for our accounting and bookkeeping partners.

“Our teams not only share a common goal of developing industry-leading technology that puts customers at the forefront, but our core ways of working have also allowed us to deliver an aligned strategy that focuses on making FreeAgent and Mimo a great fit for small businesses and accountants.

“We are already looking forward to the next phase of this partnership, which will bring new features as well as more opportunities for us to position ourselves closely with Mimo to educate and inform our audiences."

Henrik Grim, CEO & Co-founder of Mimo, added: "Mimo and FreeAgent share a vision of making financial management seamless for small businesses and their accountants & bookkeepers. This integration is a crucial step in removing the hassle from accounts payable, ensuring businesses stay on top of their cash flow without the manual effort.

“By automating payments and bookkeeping, we’re enabling users to operate more efficiently, keep books up to date, and focus on growth. We’re thrilled to partner with FreeAgent and look forward to expanding what’s possible for our users, helping them manage their finances with even greater ease and confidence."