Bill.com, a cloud-based provider of financial services for SMBs, recently announced its third quarter results that surpassed market expectations.

The current pandemic conditions have helped accelerate the adoption and usage of digital transformation tools even across the SMB segment.

The continuing pandemic conditions are driving up demand for services such as those offered by Bill.com.

Bill.com recently reported a strong fourth quarter that beat analyst estimates. Remote work conditions have accelerated demand for its cloud-based financial software.

Bill.com went public in December last year. In spite of the recent market turbulence and the global economic conditions, its stock has had a strong run. Since listing, the company’s stock has soared almost 220%.