Once your accounting software is connected, your supplier invoices will appear in the Mimo platform. To make a payment, select one or several invoices, review the details in the Pay tab, and choose your preferred payment date - either the same day or scheduled for a future date. Then select Mimo Flex as the payment method. If your business requires it, you can send the payment for approval before it is finalised.
The payment will be processed instantly, recorded in the Paid tab, and, if automated reconciliation is enabled, automatically updated in your accounting software. Mimo pays your supplier directly on your behalf, and you repay the amount by Direct Debit at the end of the agreed term. Once repayment is made, your credit line resets automatically and is ready to use again.