Oracle’s Q2 FY26 results showed NetSuite Cloud ERP revenue reaching $1.0B, up 13% year over year—outpacing Oracle’s broader SaaS growth. This steady performance comes as Oracle’s stock has pulled back sharply from its September peak, highlighting the contrast between market volatility and NetSuite’s consistent execution as a core cloud ERP platform.

Elkar, a new AI add-on for Excel, exceeded my expectations where other AI tools fell short. From handling consolidations correctly to reformatting a 200+ row P&L, it showed real accounting nuance. Elkar proves how AI can save finance teams time inside their most familiar tool.

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.

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.