Lúmina Finanzas is a Buenos Aires consultancy that works as the outsourced administration and finance team of founders and SMEs. Its co-founder, Sergio Troisi, is a fractional CFO and uses Fibady to have the books, the banks and the budget of the companies he leads in one place every week.
Who is Lúmina Finanzas?
Lúmina describes itself as "your outsourced administration and finance team". It helps SME owners put their finances in order, understand their numbers and decide better, combining management accounting, administration, financial reports, tax and training.
Sergio Troisi is a public accountant with experience in finance and management at SMEs across sectors, plus time in accounting firms. He teaches accounting at the School of Economics of the University of Buenos Aires and runs a programme for accountants who want to work as CFOs.
The problem: the fractional CFO arrives and the numbers are weeks behind
It is what a fractional CFO often finds on joining a company: manual processes, a chart of accounts that no longer reflects the business, and information that arrives late. If cash is reviewed at month end, the week's decisions are made blind.
And a fractional CFO is not at the company every day. They need the data to arrive in order without depending on someone preparing a spreadsheet.
How does a fractional CFO run weekly cash on Fibady?
- Weekly upload. Every Monday, the company's administration team uploads the journal and the bank statements. Each bank's and the accounting software's format is mapped once; after that, uploading the file is enough.
- A chart of accounts that fits. Sergio reviews how accounts are classified and adds the categories the business needs to the balance sheet tree, such as financial investments.
- Cash by day and by week. Direct and indirect cash flow, with forecasts of collections and payments. Cheques receivable are loaded as one more metric.
- Budget and plan vs. actual. Actual P&L against the budget, with variances and with optimistic and pessimistic scenarios.
- Plans from ChatGPT or Claude. With Fibady's connector, he creates and reviews plans and projections from the assistant he already uses, on the company's real data.
- A role for each person. Whoever uploads bank statements does not need to see the rest: each user signs in with their own permissions.
What changes?
The company goes from getting information when someone finishes the spreadsheet to having it updated every week. Sergio spends his time on what a finance director is there for: reading the numbers with the owner and deciding.
Are you a fractional CFO, or do you run finance for several SMEs?
This case is yours if every new client is another spreadsheet to maintain. In Fibady all your companies share the same reporting structure, and you decide what each client sees. See Fibady for fractional CFOs and advisors.