An frd or functional requirements document serves as a contract for formal statement, between the business stakeholders and the technology team, on an application’s functional requirements. This comprehensive guide will equip you with the knowledge and tools to create a robust and effective frd template. Business requirements documents (brds) center on strategic objectives, business processes and user needs at a high level. We’ll delve into the essential components, explore best. Writing a functional requirements document (frd) is an essential step in the software development process.