Why we believe the future of accounting has an AI Associate
Accounting got faster, but not smarter. What’s missing? Continuity across teams and clients. Mimo Associate is the first step to fixing that for month-end.
Henrik Grim
Co-founder & CEO
For years, accounting technology has promised transformation through automation. Tasks would be done faster, data would flow more easily and workloads would shrink.
There’s definitely been significant improvements. But speaking with accounting firms today, the truth is they’re still spending significant chunks of their billable hours on manual processes, and recovery rates are a constant battle.
The problem is, information is still scattered. Client data & context is lost or stuck with individual team members. Data entry, adjustments and review is still managed manually and repetitively, month after month.
Automation made certain tasks faster, yes. But it didn’t make understanding the data easier. And great accounting has always been dependent on that client understanding & firm knowledge.
Efficiency was never the finish line
Month-end is the clearest example. Each cycle starts the same way: chasing clients for missing information, consolidating disconnected data, iteratively entering adjustments and journal entries manually, as the team reconciles client context against output reports.
The industry has been optimising for speed of individual tasks, not continuity between them. The real breakthrough comes when a system can build and maintain data and shared understanding over time. When knowledge doesn’t reset between people, tools or tasks, but grows.
And that’s the missing link we set out to solve with Mimo Associate.
Introducing Mimo Associate: the missing link in accounting automation
Mimo Associate is a new kind of AI colleague. One designed not just to automate tasks, but to understand your firm, your clients and the data that ties everything together.
It uses a set of purpose-built agents that work together across the entire month-end cycle. While speeding up & completing individual tasks, they also maintain context across them, enriching the firm’s understanding with every close.
The result: closes that are faster and more accurate. Not because the tasks changed, but because the context stopped disappearing.
And when context isn’t lost, recovery rates rise. Teams spend more time doing valuable work, and less time repeating manual tasks in silos.
How it works
Mimo Associate changes month-end by doing what traditional automation can’t. It layers across the entire process, maintaining context throughout.
It starts by making sure nothing is missing.
Before work begins, Mimo Associate pulls in all available data from bank feeds, invoices, receipts, and client submissions - and clearly shows what’s still outstanding. It collects documents from clients for you, and as documents come through, maintains an up to date source of truth. No more endless email threads requesting documents from clients.
It processes information with the firm’s logic built in.
Mimo Associate codes and reconciles incoming documents based on how your firm already works. It understands patterns, exceptions and client-specific nuances. The work isn’t just automated - it reflects real context.
It brings clarity & speed to adjustments & review.
Finally, it synthesises client facing reports, identifying trends and outliers, and proposes and executes appropriate adjustments. When it’s time to close the books, Mimo presents the work as if a colleague has already walked through it, explaining decisions, highlighting anomalies and surfacing questions worth asking. Review becomes faster, clearer, and far more consistent.
It gets better every month-end.
Every adjustment and review feeds back into the system. Over time, Mimo Associate becomes more precise, more tailored to the firm and more valuable with each cycle.
And it’s built not just for accounting firms, but with them.
It fits directly into the way firms already operate. It works with your existing tools and processes, enhancing them rather than replacing them. No disruptive migrations. No forcing teams into a new workflow.
We’re building Mimo Associate hand-in-hand with leading accounting partners, and offer on-site tailoring of the platform and onboarding for accounting firm partners. All to ensure it fully captures firm and client needs and ways of working. Investing in platform adaptation, onboarding and roll-out support helps firms see more impact, faster.
Because this isn’t about adding more automation. It’s about creating a system that understands how your firm works and elevates it.
The foundation for the future
Our mission at Mimo has always been simple: To help accountants and entrepreneurs spend their time building businesses, not managing admin.
Mimo Associate is the next step in that mission.
It’s the foundation for how accounting firms will operate in the years ahead – where client knowledge lives in one place, and where technology doesn’t just do, but understands.
This is the future we see:
Teams who spend less time recovering lost data and context and more time delivering value.
Firms that combine human expertise with AI-driven continuity to deliver clarity, insight, and trust at scale.
And recovery rates that rise because firms finally capture the value of the work their people already do.
We’re proud to take this next step with our partners and customers – and we’re just getting started.