Case Study: Start-Up Organization

Startup or early stage companies have unique needs for accounting, finance support and software systems. Plumb understands these needs and, most importantly, the importance of balancing your limited resources. Often times the most limited resource is your time. Plumb services allows you to focus on developing your company and have real time access to information for both reporting and decision making.

CLIENT:
BlueVault
for anything valuable

BlueVault San Diego is a Swiss-style private vault facility for protecting valuables against theft, fire, earthquake, and seizure. Unlike a bank, no social security number is required. Layered, electronic security is 24/7/365 by Diebold. Choose from a range of secure storage sizes, from safety deposit boxes to secure storage units up to 6 feet high. Within the ultra secure confines of the BlueVault facility are also traded gold and silver coins and bars.

CHALLENGE:
BlueVault was referred to Plumb in the early stages of their incorporation as a business resource to help evaluate enterprise software solutions for high security storage and implement a point-of-sale system for precious metals.

“We wanted to set-up all our systems, so they were rock solid from the start – security, software and accounting systems,” said Nik Ives, Marketing Director of BlueVault.

SOLUTION:
Plumb’s initial and ongoing engagement includes the following:
• Setting up accounting policies and procedures to ensure efficiency and accuracy.
• Tracking re-occurring revenue
• Implementing accounting software systems with point-of-sale to track buying and selling of precious metals
• Providing timely financial statements

RESULTS:
As an outsourced accounting and software consultant, Plumb’s expertise enabled BlueVault to put processes in place to accurately track cash flow and make better business decisions. Plumb worked in support with the management team to provide real time access to information for both reporting and decision making.

“We have a great relationship with Plumb,” said Ives. “Whenever we run into problems we can’t handle, Plumb is our resource for business-related answers.”