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Technical Help on creation of an Object in SAP SRM 4.0

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Being on SAP SRM 4.0, we currently have a requirement for creation of Need Definition( Basically a build up for the contract ). Need being collected from the Backend systems need to be validated and approved by Buyers & Lead Buyers in the SRM system.
Technically, this task is broken down to below tasks.
1) Creation of need definition screen - Basically a template where a need can be created with Items, Sub Items and other related information
2) Selection Screen for Buyers and Lead Buyers - This enables the the Buyers to select the Need Definition assigned to them based on the status. 
3) Report - List of all the Need Definition( Item and Sub Item)satisfying the selection of step 2. with the possibility to navigate to the Need Definition screen ( Step 1) upon selection.
Now the question is,
what technology is recommended for the above Tasks? We thought it would be BSP but do you guys have any suggestions...
Do we have any issues in displaying the report in BSP? please let me know
Remember we are version 4.0 of SRM.
Thanks in Advance..
Mohan.

Answers

Even though I don't have much knowledge on BSP, it should be a good option. Since SAP has used BSP to develop new screens in SRM 5.0.
Regards, IA

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