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  "documentTitle": "Enfusion, Inc. (ENFN)",
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  "presentationDate": "2024-03-14 00:00:00",
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  "notes": "The slide uses a red box to highlight the specific line items in the cash flow statement and the corresponding text in the 10-K note that do not match.",
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      "text": "As of December 31, 2023 and 2022, property, equipment, and software, net located in the United States was $17.0 million and $13.7 million, respectively. The remainder was located in the Company's various international locations. Included in property, equipment, and software are the capitalized costs of software development. Software development costs capitalized during the years ended December 31, 2023 and 2022 were $6.4 million and $4.5 million, respectively.",
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      "text": "The figures provided for 2022 and 2023 in the footnotes do not reconcile with the figures in the cash flow statement. We believe this could just be more evidence of Enfusion's weak financial controls that undermine confidence in financial reporting.",
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      "text": "Enfusion recently provided a new line item on its cash flow statement for capitalization of software development costs. The figures provided for 2022 and 2023 in the footnotes do not reconcile with the figures in the cash flow statement. We believe this could just be more evidence of Enfusion's weak financial controls that undermine confidence in financial reporting.",
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      "text": "As of December 31, 2023 and 2022, property, equipment, and software, net located in the United States was $17.0 million and $13.7 million, respectively. The remainder was located in the Company's various international locations. Included in property, equipment, and software are the capitalized costs of software development. Software development costs capitalized during the years ended December 31, 2023 and 2022 were $6.4 million and $4.5 million, respectively. — ENFN 2023 10-K, Note 4",
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      "text": "Source: ENFN 2023 10-K",
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      "text": "Cash flow statement excerpt showing 'Capitalization of software development costs' as (5,218) for 2023 and (3,946) for 2022.",
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      "text": "Software Capitalization Figures Don't Reconcile",
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