In the fourth quarter our customers completed $42 billion in TPV on our platform, reflecting an annualized run rate of nearly $170 billion. In fiscal 2021 helped more than 120,000 customers and 3.2 million network members automate their financial operations and made it even easier for them to connect and do business. #Bill.com smbs divvy barrononline softwareWe also acquired Divvy a leader in spend management to help businesses better control their spend to budgeting tools expense management software and smart corporate cards. We expanded our footprint enhancing our go-to-market capabilities. We helped SMBs across the country digitally transform their financial operations and adapt quickly to the remote work environment brought on by the pandemic.With our powerful platform our customers and network members were able to simplify and automate their operations, get paid faster and better manage their cash flow. I'm incredibly proud of our accomplishments this past fiscal year. I hope that all of you and your families are in good health doing well and have been able to enjoy reconnecting with family and friends this summer. Rene Lacerte - Chief Executive Officer and Founder At times during this call we will discuss organic or stand-alone results, which exclude Divvy to help listeners understand our organic performance. In addition, our acquisition of Divvy closed on June 1st and therefore our reported fiscal fourth quarter results include one month of Divvy's results. Please refer to today's press release for the reconciliation of GAAP to non-GAAP financial performance and additional disclosures regarding these measures. The non-revenue financial figures discussed today are non-GAAP unless stated that the measure is a GAAP number. On today's call we will refer to both GAAP and non-GAAP financial measures. #Bill.com smbs divvy barrononline updateWe disclaim any obligation to update any forward-looking statements. If any of these risks or uncertainties develop or if any of the assumptions prove incorrect actual results could differ materially from those expressed or implied by our forward-looking statements.įor a discussion of the risk factors associated with our forward-looking statements please refer to the text in the company's press release issued today and to our periodic reports filed with the SEC, including our most recent annual report on Form 10-K and quarterly report on Form 10-Q filed with the SEC and available on the Investor Relations section of our website. We are also joined by Blake Murray, CEO and Co-Founder of Divvy.īefore we begin, please remember that during the course of this call we may make forward-looking statements about the operations and future results of that involve many assumptions risks and uncertainties. With me on the call today is Rene Lacerte, Chairman CEO and Founder of and John Rettig, Executive Vice President and CFO. The press release can be found on the Investor Relations section of our website at. We issued our earnings press release a short time ago and furnished the related Form 8-K to the SEC. Welcome to 's fiscal fourth quarter and full-year 2021 earnings conference call.
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