New Zealand-based software company Xero has announced a partnership with Mimo, a financial management platform, to enhance its cloud-accounting platform for U.S. small businesses and accountants. Xero plans to leverage Mimo's platform to simplify global payments, cash flow, and financial management for its users. The partnership aims to provide a comprehensive solution for U.S. small businesses, allowing them to pay invoices, make international payments, and manage cash flow within a single tool. Xero's CEO believes that this collaboration will help the company better tailor its product to the needs of local users and compete with rivals like Intuit. The partnership comes after Xero's recent announcement of its plans to target specific market segments in the U.S. [c1248b08] [6883036e]