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I tested ChatGPT's ability to perform a basic accounting consolidation. Despite confident promises and reasonable initial questions, the AI failed to eliminate subsidiary equity and investment accounts - fundamental consolidation requirements.

A couple of months ago, I visited Oracle’s headquarters in Israel to see how they’re integrating AI into NetSuite ERP. The room was packed- AI is changing everything. Here’s takeaway — AI is only as good as the data you feed it. That’s why I’m such a believer in centralized ERPs like NetSuite. When your finance, inventory, CRM, HR, and operations data all live in one clean, connected ecosystem, AI can actually produce meaningful insights.

Trying to make sense of the dizzying pace of change in artificial intelligence? Mary Meeker’s latest report, Trends — Artificial Intelligence, is a great place to start. At over 300 pages, it’s dense, data-driven, and surprisingly accessible. It gives executives, investors, and even curious technophiles a comprehensive look at what’s happening in AI which if I had to sum the report to a single word it would be "unprecedented".

This post explores how ChatGPT and a specialized accounting agent handle increasingly complex US GAAP questions—from basic revenue recognition to nuanced bill-and-hold scenarios—highlighting differences in accuracy, source interpretation, and the importance of "trust but verify" when using AI in financial analysis.

Using ChatGPT Super CFO agent to analyze financial statements and get really good insight and answers.

This blog explores how AI is transforming the role of CFOs and finance teams, driven by my personal journey to stay ahead of the curve and embrace the next wave of financial technology.

About the Author: Niv Nissenson is the author of TheCFOai.com, where he writes about the rapidly evolving intersection of AI and finance. He is also the Founding Partner of Added Capital and brings over 15 years of CFO experience in the U.S. and Israel, including leading two companies through IPOs. Niv holds an MBA from the Hebrew University of Jerusalem and a BA in History and Political Science from Tel Aviv University. Married with three children, he has a strong interest i