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Prowess TraX Prowess Application for TRAnsfer Pricing TaXation with Automated Documentation
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economictimes.indiatimes.com
13 Apr 2017 12:09 PM, Announcements Yash Shah

Prowess TraX relaunched with very attractive commercials

CMIE is pleased to announce a significant favourable revision in the commercials of Prowess TraX - CMIE’s offering designed to significantly reduce the time and costs it takes to conduct transfer pricing taxation studies.

Currently, subscription to a single query pack of TraX containing 15 queries costs Rs. 22,000 (excl. indirect taxes) to the users. The new version of Prowess TraX will offer the users 500 queries at a price of Rs.1,00,000. Thus, in the new version of Prowess TraX, the cost of a query has been significantly brought down from Rs.1,466.66 per query to Rs.200 per query.

The following tabulation demonstrates the comparison of the Current and the New version of Prowess TraX:

Version No. of Queries/Pack Cost(Rs.) Cost per Query(Rs.) Possible Case Studies/Pack* Cost per Case (Rs.)
Current 15 22,000 1,466.66 2 11,000
New 500 1,00,000 200 60 1,667

*Based on expected queries per case

The revision in the price and the number of queries has been brought about giving due regards to concerns of the users. Some of their concerns included not being able to run a stage multiple times due to inadequate number of queries, reservations on the cost of the product etc.

The new version of Prowess TraX will be an attractive proposition to even clients who have more than 15 cases to do. All these issues have now been addressed in the new version of Prowess TraX which provides the users ample number of queries to perform the case study.

All the existing subscribers of the current version of Prowess TraX will be upgraded to the new version by providing them proportionate incremental queries depending upon the number of queries that they have already consumed in the current pack.

For example, an existing Prowess TraX subscriber who has not consumed all 15 queries on a subscription period that has not yet expired will be allotted additional 95 ((22000 / 100000 * 500) - 15) queries.

We would also like to bring to the users’ notice that ‘Range Concept’ and use of Multiple Year Data is available in Prowess TraX. For more details on this kindly check the following links available on the trax.cmie.com website:

1. Introduction of ‘Range Concept’ in TraX

2. Some insights on Range Concept in TraX

The new version of Prowess TraX now makes available three additional stages to help the users execute Stage 7 & 8 i.e ‘Filter comparables using Annual Financial Statements’ and ‘Filter comparables using Related Party Transactions’ iteratively.For more details on this kindly check the following links available on the trax.cmie.com website:

Upgraded Prowess TraX executable (.exe) released

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Prowess TraX is a service from Centre for Monitoring Indian Economy Pvt Ltd.

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[ Dated: 31 Mar'17 ]
Prowess TraX
Software

This is an executable software that can be installed on a PC running Windows. This software helps you conduct Transfer Pricing Taxation studies to find comparable companies and their profit margins.

Download & installation is free.
File size: 8.50 MB

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