The CIO has also informed you that you must select software development methodology for the company’s proposed financial management system. Please choose from the following methodologies and create a software development plan:

Traditional (Waterfall, Incremental, Spiral, etc.)
Agile (Scrum, Crystal, Adaptive, Feature-driven, DSDM, etc.)
Extreme Programming (XP)
You will use the software development model that you selected as the basis for your assignments for the remaining weeks of the course. The initial business requirements for the financial management system are outlined below.

The new system should be an end-to-end enterprise financial management solution designed to meet the needs of the most complex, multinational organizations. The ERP solution should be comprised of a robust set of applications that support all aspects of financial business activities and are listed below:

Financial and management accounting: Financials provides core accounting and reporting capabilities with scalability to support the requirements of large multinational companies. Key features and functions include the following:
Fixed asset, accrual, bank, cash journal, inventory, and tax accounting
General ledger
Accounts receivable and accounts payable AR/AP
Fast close functions
Financial statements
Parallel valuations
Financial supply chain management: The module should be a set of applications to help streamline receivables and collections management processes. These integrated solutions should help reduce operating costs and improve cash flow and reduce days’ sales outstanding. The application should include the following application functionality:
Credit management
Biller direct
Dispute management
Collections management
Treasury applications: The treasury applications should provide robust cash, liquidity, and financial risk management capabilities that enable you to more precisely manage cash, mitigate financial risks, and streamline bank interactions and payment processes. This application should contain the following application functionality:
Cash and Liquidity Management
Helps you monitor and manage cash flow and liquidity
Generates comprehensive and timely cash forecasts and plans
In-House Cash
Enables centralized control of banking balances, cash management, and payments
Reduces costs of interunit payments, transfers, and bank fees
Treasury and Risk Management
Models risk scenarios and executes mitigation strategies
Reduces your organization’s financial risk levels and ensures regulatory compliance
Bank Communication Management
Streamlines and optimizes corporate-to-bank communication