Revenue for IFS increase by 33 percent year-over-year to approximately $792.2 million for the third quarter ended September 30. The Linköping, Sweden-based ERP vendor also said software revenue reached about $631.4 million, an increase of 37 percent from last year’s corresponding period.

CEO Rene Lacerte received $17.7 million in compensation for the year ended June 30, according to documents filed by payments company Bill with the SEC.

 Gravity Software, which makes accounting software based on Microsoft’s Power Platform, has introduced AI to its accounts payable capabilties.