“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.