[David L.]

to explain how University is developing

how this University
or
how universities are

Two underlying factors led to the development of this application
It is difficult to distinguish what these two distinct factors are from what comes next. Perhaps you could write,
Firstly, the need for a more timely..
Secondly,

whereas, the University often needs

on their individual needs, with the ultimate outcome being..

Note re 'reports to University management'
We do write eg he reports directly to management ( no definite article) and so I wouldn't put one here, as opposed to other places I've indicated.
Your command of English and fluency in writing is very impressive!