Digital transformation is reshaping accounting and finance through cloud computing, integrated accounting platforms, robotic process automation, data analytics, artificial intelligence, digital payments, and real-time reporting. These technologies can improve the timeliness of financial information, strengthen internal controls, reduce repetitive processing, and support evidence-based managerial decisions. However, the benefits depend on data quality, system integration, cybersecurity, employee capabilities, governance, and the organisation’s ability to manage implementation costs. This study examines emerging trends, challenges, and the potential contribution of digital transformation to sustainable business growth using secondary data and published research. It draws on reports from the OECD, AICPA & CIMA, KPMG, the European Investment Bank, and academic studies on accounting information systems and business analytics. The evidence indicates growing interest in digital tools but also identifies gaps in organisational preparedness, skills, and data protection. The study concludes that digital transformation should be treated as an organisation-wide process rather than the purchase of isolated software. A balanced approach combining technology, professional judgement, staff development, secure data practices, and measurable performance indicators can help organisations improve financial management while supporting long-term economic, environmental, and governance objectives.