“CARRAR” stands for computerized application for Re-creation and Review of Agreements with Repository. It is a web-based solution catering to the end-to-end lifecycle of contracts and also serves as a centralized
repository of all executed contacts, drafts and associated documents. It enables tracking contracts as a whole as well as tracking and monitoring individual obligations arising therein. Has an in-built approval
workflow and also provides alerts and escalations which will ensure no deadline or obligation is missed. Carrar also doubles as a knowledge management tool in prescribing and updating standard templates and
providing alternatives to frequently negotiated clauses.
The solution also takes care of pre-execution and post-execution sides of contracts. A new feature of adding / tagging key attribute to contracts has been added which helps the user to track or find records
easily. Carrar is comprehensive web-based contract management solution. It assists General Counsels and in-house lawyers in understanding, managing, controlling and reporting on their contract portfolio. With
dedicated modules for pre-signed and post-signed contracts and obligation tracking with role-based access rights, Carrar serves as a single-point solution for end-to-end contract lifecycle management.