Financial requisition system: adopting agile techniques in solving corporate financial management challenge

Abstract

This paper addresses a longstanding problem in corporate financial management by introducing a financial requisition system (FRS) using the Agile software programming methodology. While various branches of financial management, including procurement, have evolved their requisition processes, the financial requisition process has lagged in efficiency and transparency. Recognizing this gap, this paper focuses on developing an advanced tool specifically tailored to the financial requisition as an aspect of the financial management system. The proposed financial requisition system integrates user-friendly interfaces and robust backend functionalities, acknowledging the unique complexities of financial requisitions. By learning from the evolution of other branches of financial management, this paper aims to adopt agile  transparency, and establish an advanced framework for managing financial needs. The paper contributes to the evolution of financial requisition processes, providing stakeholders and indeed all players in the financial industry with a dedicated and effective solution for managing financial workflows.