Digital Accounting Transformation: Leveraging Technology for Transparency and Strategic Decision-Making

Abstract

The rapid advancement of digital technologies has transformed traditional accounting practices into dynamic, technology-driven systems that enhance organizational efficiency, transparency, and strategic decision-making. Digital accounting transformation encompasses the integration of technologies such as cloud computing, big data analytics, blockchain, and artificial intelligence into accounting processes, enabling real-time financial reporting, improved accuracy, and reduced operational risks. This article explores how digital tools reshape the role of accounting from a compliance-oriented function to a strategic resource that supports business agility and long-term competitiveness. By leveraging digital platforms, organizations can ensure greater transparency, foster stakeholder trust, and enhance the integrity of financial information. Furthermore, digital accounting enables managers and executives to access timely insights for strategic planning, risk management, and performance evaluation, ultimately contributing to more informed and future-oriented decisions. However, the transformation also presents challenges, including data security concerns, regulatory adaptation, high implementation costs, and the need for continuous employee upskilling. Through a critical examination of recent studies and best practices, this article highlights the dual role of digital accounting as both a driver of transparency and a facilitator of strategic decision-making. The findings underscore the importance of adopting a holistic approach that integrates technology, governance, and human capital development to maximize the benefits of digital transformation in accounting. By doing so, organizations can not only strengthen their financial management systems but also achieve sustainable growth in an increasingly competitive and digitalized business environment.