International Journal of Advanced Multidisciplinary Research and Studies
Volume 4, Issue 6, 2024
Advances in Regulatory Compliance and Grant Reporting Using Agile Tools in Mission-Focused Organizations
Author(s): Adaora Kalu, Nneka Adaobi Ochuba, May Equitozia Eyeregba, Omoniyi Onifade, Florence Sophia Ezeh
DOI: https://doi.org/10.62225/2583049X.2024.4.6.4177
Abstract:
This paper explores the application of agile methodologies and tools in enhancing regulatory compliance and grant reporting for mission-focused organizations, such as non-profits and NGOs. Regulatory compliance and accurate grant reporting are critical for maintaining trust and accountability with stakeholders, but these organizations often face significant challenges, including complex regulations, inefficient traditional reporting methods, and resource constraints. Agile methodologies, with their principles of flexibility, iterative processes, and continuous improvement, offer a solution to these challenges. The paper discusses how agile tools, such as Scrum, Kanban, and Jira, can streamline workflows, improve team collaboration, and enable real-time monitoring of compliance tasks. Additionally, the research highlights the evolving regulatory landscape, the integration of technological innovations like AI and machine learning, and the long-term sustainability and scalability of agile practices. By embracing agile frameworks, mission-focused organizations can enhance their compliance efforts, improve reporting accuracy, and ensure continuous improvement, ultimately strengthening their operational efficiency and accountability in the face of ever-changing demands.
Keywords: Agile Methodologies, Regulatory Compliance, Grant Reporting, Mission-Focused Organizations, Workflow Management, Technological Innovation
Pages: 1935-1941
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