Life Sciences | Outsourced Accounting

Client

Founded in 1984, AntiCancer is one of the oldest independent biotechnology companies in the booming San Diego cluster. The private cancer research and development company began with just five part-time employees and has since grown tremendously in technology, product development and commercialization.

Background

In 2003 Anticancer had one full-time bookkeeper handling basic accounting. The company was growing rapidly and tried using outside accounting firms, but were left dissatisfied. Plumb was retained and the team got up to speed almost instantly. Plumb immediately updated AntiCancer’s accounting and financial systems and provided them with customized tools to view their financial information in a manner that empowered the company to make informed business decisions.

The Challenge

“Plumb helped us update and enhance our financial and accounting systems in short order; they are a true resource and provided us with the tools to effectively manage this process on an ongoing basis,” said Dr. Hoffman of Anticancer. “Plumb helps us keep our financial house in order and provides support whenever we need them.” The long term relationship between AntiCancer and Plumb is based on trust and dependability. Plumb works with the company’s internal accounting department by providing the additional resources and CFO-level leadership when necessary. Plumb prepares financial statements and month-end reports and analysis to give AntiCancer the necessary support to operate effectively and efficiently.

The Solution/Outcome

“Plumb is always there for us when we need them,” said Dr. Hoffman. “The guidance and personal level of service they provide is unparalleled.”