Requirement analysis helps organizations to determine the actual needs of stakeholders. At the same time, it enables the development team to communicate with stakeholders in a language they understand (like charts, models, flow-charts,) instead of pages of text.
Once the requirements are gathered, we document the requirements in a software requirement specifications document, use cases or as User Stories, which are shared with the stakeholders for approval. This document is easy to understand for both normal users and developers. Any changes in the requirements are also documented and go through a change control procedure and finalized on approval.