lifeSciences

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. TAG was retained and the team got up to speed almost instantly. TAG 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

“TAG 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. “TAG helps us keep our financial house in order and provides support whenever we need them.”

The long term relationship between AntiCancer and TAG is based on trust and dependability. TAG works with the company’s internal accounting department by providing the additional resources and CFO-level leadership when necessary. TAG prepares financial statements and month-end reports and analysis to give AntiCancer the necessary support to operate effectively and efficiently.

The Solution/Outcome

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