Financial Services

Our team of experienced Accountants and Business Managers at Dimarx Consulting specialises in delivering comprehensive financial analysis services. We focus on identifying efficiencies, reducing costs, enhancing profitability, and ensuring financial stability for businesses.

By providing in-depth analysis of financial statements, cash flow, and budgeting processes, we help organisations make informed financial decisions. Through accurate forecasting and financial modelling, we align financial strategies with business objectives, supporting long-term growth and success.

Cashflow management can be stressful

Having a strategic focus on your cashflow is essential for business success. By effectively managing and optimising your cashflow, you can ensure that resources are allocated to the right areas, enabling growth and operational efficiency.

This approach not only supports informed decision-making but also significantly reduces financial stress, allowing you to focus on scaling your business with confidence. A solid cashflow strategy is key to long-term stability and success.

Does your business know it’s real costs?

Many businesses are unaware of their true costs until they conduct a thorough financial assessment. At Dimarx Consulting, we help businesses uncover their real costs by providing in-depth analysis of manufacturing expenses, overhead recovery, transport, promotional support, direct labour, and other variable costs.

By understanding these key factors, businesses can make informed decisions, improve profitability, and optimise their operations for long-term success. Let Dimarx assist in identifying your true costs and unlocking greater financial clarity.

Let your budget drive your business forward

Dimarx Consulting is experienced in delivering complex, multi-tiered budgets, from departmental level to overall organisational budgets. Whether you’re looking for top-down or bottom-up budgeting, or need assistance bridging the changes from last year’s budget, our team can help streamline the process and ensure financial alignment across all areas.

Let Dimarx support your next budget cycle with our expertise in comprehensive financial planning.

Business needs additional source funding

Looking for expert mortgage advice in Bendigo? Robinson’s Finance is your trusted local mortgage broker, offering tailored financial solutions to help you secure the best home loans and financing options.

With extensive knowledge of the finance industry, they guide you through the entire mortgage process, ensuring a smooth and stress-free experience. Whether you’re a first-time homebuyer or looking to refinance, Robinson’s Finance in Bendigo is here to help you achieve your financial goals.

Steps to help transition from Small to Medium

One of the key steps in transitioning from a small to medium enterprise is establishing repeatability. This can be achieved through the careful documentation of your processes and procedures, ensuring consistency and efficiency as your business grows.

By creating a structured framework for daily operations, businesses can scale effectively, improve productivity, and maintain quality standards. Let Dimarx Consulting guide you in building repeatable systems that support sustainable growth.

Strategic Risk

• Poor Decision-Making: Ineffective strategic planning or poor leadership decisions can hinder growth or lead to missed opportunities.
• Mergers & Acquisitions: Integrating new businesses or managing mergers can be complex and risky if not handled well.
• Expansion Risk: Expanding into new markets or launching new products without proper market research can result in failure.

Legal & Regulatory Risk

• Litigation: Legal disputes, such as lawsuits or intellectual property claims, can lead to significant costs.
• Regulatory Changes: Changes in laws or industry-specific regulations can impose new compliance requirements or restrictions.
• Employment Laws: Mismanagement of employee contracts, benefits, or workplace conditions can result in legal actions.

Health & Safety Risk

• Workplace Hazards: Inadequate safety measures can lead to accidents, injuries, and legal liabilities.
• Pandemics: Global health crises, such as pandemics, can disrupt supply chains, workforce availability, and market demand.

Financial Risk

• Cashflow Issues: Insufficient cash reserves or poor cashflow management can lead to liquidity problems.
• Debt Management: Overleveraging or poor debt management can strain financial resources.
• Credit Risk: The risk that customers or clients may not pay their invoices on time or at all.
• Market Fluctuations: Changes in interest rates, currency exchange rates, or stock markets can affect the financial stability of a business.

Market & Competitive Risk

• Competition: New or stronger competitors can reduce market share or lead to pricing pressures.
• Demand Changes: Shifts in consumer preferences, trends, or economic downturns can decrease demand for products or services.
• Innovation Risk: Failing to innovate or adopt new technologies can make a business obsolete in a fast-evolving market.

Reputational Risk

• Brand Damage: Negative publicity, customer dissatisfaction, or product failures can damage a company’s reputation.
• Customer Service Failures: Poor customer service or communication can lead to customer loss and harm the brand.
• Ethical Issues: Unethical business practices or scandals can severely harm a company’s standing in the market.

Human Resources Risk

• Employee Turnover: High turnover rates can lead to operational disruptions and increased recruitment costs.
• Talent Shortages: Difficulty in recruiting or retaining skilled workers can impact business performance.
• Labour Relations: Poor relationships with employees or unions can lead to strikes, disputes, or decreased morale.

Supply Chain & Logistics Risk

• Supplier Dependence: Overreliance on a single supplier or vendor increases vulnerability to supply disruptions.
• Transportation Risks: Delays or failures in logistics can lead to stockouts, increased costs, or customer dissatisfaction.

Technological Risk

• Cybersecurity Threats: Data breaches, hacking, and other cyber threats can lead to financial loss and reputational damage.
• Technological Obsolescence: Failing to update technology can reduce operational efficiency or cause a competitive disadvantage.
• Data Management: Poor data management can lead to compliance issues, inefficiencies, or lost opportunities for insights.

Environmental & Sustainability Risk

• Environmental Regulations: Stricter environmental laws or failing to comply with sustainability standards can lead to penalties.
• Resource Scarcity: Depletion of natural resources or access to key materials may impact production.
• Climate Change: Natural disasters, changing weather patterns, or sustainability pressures can affect operations and infrastructure.

Political & Economic Risk

• Economic Downturns: Recessions or economic instability can reduce consumer spending and business investment.
• Geopolitical Risk: Political instability, trade wars, or changes in government policies can disrupt markets and supply chains.
• Taxation Changes: Shifts in tax laws or unexpected tax increases can affect profitability.

Developing financial models 

At Dimarx, we provide the tools and insights needed to make strong, informed decisions. Our team delivers comprehensive project budgets, detailed financial reports, bridging documents, and custom reports tailored to your specific needs. With our expertise, you’ll have the critical information necessary to guide your business decisions confidently and effectively.

Reviewing your current or previous plans

To ensure your business stays on course and achieves its strategic objectives, regular monitoring of your strategic plans is essential. At Dimarx, we offer monthly or quarterly reviews to assess your progress, ensuring that your business remains aligned with its goals.

During these reviews, we evaluate performance metrics and market conditions, allowing us to make any necessary adjustments to your strategy. If certain targets are not being met, we provide options to catch up and realign efforts, keeping your business agile and responsive to changes. With our continuous oversight, you can confidently adapt to challenges and stay on track for success.

Regular Monitoring

In today’s fast-paced business environment, staying static can hinder progress. At Dimarx, we specialise in reviewing and updating your current strategic plans to ensure they remain relevant and effective. Our process identifies gaps, confirms the validity of your existing strategies, and updates key areas to reflect changes in your industry and business landscape.

With regular monitoring, the business can adapt as the environment changes, this can include opportunities or disruptors to your markets.

A review every 3 months is recommended, to ensure you still have time to react before the end of the financial year.  Q1, Q2, Q3 

Ownership of the plan

When a team is actively involved in the planning process, they gain a true sense of ownership over the plan’s outcomes. Engaging team members early in the development of a strategic plan fosters commitment, accountability, and motivation to see the plan succeed.

At Dimarx, we believe that collaboration leads to stronger, more effective execution. By involving your team in the process, we ensure that everyone is aligned with the goals and fully invested in bringing the vision to life. This sense of ownership empowers the team to take initiative and work together to achieve shared objectives.

Robust discussions that result in a shared vision

Successful businesses are built on a shared vision, but getting there often requires robust discussions among owners and board members. While differing perspectives can create challenges, finding common ground is key to driving the organisation forward.

At Dimarx, we help facilitate these discussions, guiding owners and board members to align on a clear and unified vision for the future. Once established, we work with you to ensure that this vision is effectively communicated to management and supported by the right resources for successful execution.

Dimarx can help you navigate this journey, ensuring all voices are heard and your business stays on track for success.

Maintenance Planning

Maintenance planning is essential for keeping facilities and equipment at peak performance, minimising the risk of unexpected downtime, and ensuring smooth, uninterrupted operations that save time and reduce costly repairs.

Dimarx Consultants can support this process by developing a customised maintenance plan that addresses your organisation’s unique needs, schedules preventive checks, and implements efficient workflows to ensure long-term reliability and operational excellence.

Facilities Audits

Dimarx Consultants offer a comprehensive audit of your facilities, providing an insightful report tailored for all stakeholders. Our audit process thoroughly examines key areas such as operational efficiency, safety compliance, resource utilisation, and potential cost-saving opportunities. We assess each aspect of your facilities, identifying strengths and highlighting areas that may require attention or improvement.

The resulting report is designed to be clear and actionable, presenting findings in a way that is meaningful to both executive decision-makers and operational teams. By highlighting critical areas to consider, Dimarx ensures that you have a well-rounded view of your facilities’ current state, along with targeted recommendations to optimise performance and align with strategic objectives.

Mundy Street, Bendigo – Photo Courtesy of Bendigo Advertiser – $4.3m construction project, with facility planning.

Looking to upgrade or redesign

Dimarx Consultants can assist you in developing a comprehensive masterplan that aligns with your organisation’s strategic vision while addressing the unique needs of all stakeholders. Our approach includes an in-depth assessment of requirements, ensuring that every stakeholder’s priorities are carefully considered, from operational staff to executive management.

We evaluate the functional requirements needed to support organisational goals, analysing operational flows, processes, and designs that streamline efficiency and boost productivity. By mapping out a structured and tailored masterplan, Dimarx maximises outcomes, creating a roadmap that enhances organisational performance and future growth. Our expertise ensures a cohesive plan that not only meets current demands but is adaptable to evolving needs, positioning your organisation for sustainable success.

Knowing your risk and mitigate

Understanding your business risks and proactively mitigating them is essential to avoid potential disasters; solutions could include implementing robust data security measures, developing comprehensive continuity plans, ensuring compliance with regulatory standards, and conducting regular risk assessments to stay ahead of emerging threats.  

Have you thought about business interruption insurance?

Here are some common business continuity testing scenarios that organisations use to ensure resilience and readiness:

1. Power Outage Simulation: Test the ability to maintain operations and communication during a prolonged loss of power.
2. Natural Disaster Simulation: Plan responses to events like floods, earthquakes, or bushfires, focusing on evacuation, remote work capabilities, and data backup accessibility.
3. Cyber-Attack Response: Simulate a cyber breach, such as ransomware or data theft, to test incident response, containment measures, and data recovery procedures.
4. Data Recovery Test: Validate that critical data can be recovered accurately and within a specified timeframe after a data loss or corruption incident.
5. Supply Chain Disruption: Assess response to a supply chain interruption by testing alternative supplier arrangements and stockpile management.
6. Key Person Loss: Simulate the sudden unavailability of key personnel to evaluate knowledge transfer, succession plans, and role coverage capabilities.
7. Pandemic or Widespread Illness: Test operational flexibility by planning for high absenteeism and testing remote work readiness and communication strategies.
8. System Failure Scenario: Simulate a critical system failure, such as ERP or CRM downtime, and assess how quickly essential business processes can resume.
9. Evacuation Drill: Conduct an evacuation of the office or worksite to practice emergency protocols, ensuring all employees understand exit routes and meeting points.
10. Reputation Crisis Simulation: Role-play a public relations or social media crisis to test communication strategies, rapid response plans, and stakeholder engagement.
11. Product Recall or Quality Issue: Simulate a scenario where a product defect is discovered to test recall procedures, customer communication, and damage control.

Each test helps identify gaps and improve response capabilities, ensuring the business can manage unexpected disruptions effectively.

Know how it is going to impact

A business impact analysis (BIA) predicts the consequences of a disruption to your business, and gathers information needed to develop recovery strategies. Potential loss scenarios should be identified during a risk assessment.

Understanding the numbers

Understanding the numbers in business is essential for success, as financial literacy empowers leaders and decision-makers to make informed choices that drive growth and stability. Financial literacy goes beyond knowing your revenue and expenses; it involves understanding cash flow, profit margins, balance sheets, and financial forecasts.

This knowledge enables you to identify areas of opportunity, cut unnecessary costs, and anticipate future financial challenges. By mastering these financial fundamentals, you can set realistic goals, make data-driven decisions, and adapt to economic changes with confidence. Ultimately, having a strong grasp of your business’s financial health is crucial to sustaining and expanding operations in a competitive landscape.

Benefit from knowing the numbers

Using numbers to your advantage means leveraging financial insights to make strategic, data-driven decisions that propel your business forward. By closely monitoring metrics like cash flow, profitability ratios, and return on investment, you can identify trends and patterns that reveal both strengths and potential areas for improvement.

This approach allows you to allocate resources more effectively, ensuring every dollar spent is driving value. Additionally, understanding your financial data helps in setting clear objectives and benchmarks, enabling you to track progress and adjust strategies in real-time. Harnessing the power of your numbers can give you a competitive edge, as it lets you anticipate market shifts, optimise operations, and ultimately increase your bottom line. When you use financial data as a decision-making tool, you’re not just managing your business—you’re actively steering it towards sustained success.

Look up cashflow section

The banking environment

Dealing with banks in a business context requires more than a basic understanding of finances; it’s about speaking the bank’s language and presenting your business case in a way that aligns with their priorities. Banks look for clear evidence of stability, growth potential, and risk management, so being able to effectively communicate these elements can significantly improve your chances of securing financing or favourable terms.

Dimarx can help bridge this gap, assisting businesses in preparing financial documents, forecasts, and comprehensive business plans that resonate with bank expectations. Our team understands what banks need to see and can guide you in framing your numbers and strategy in a way that instills confidence and meets lending criteria. With Dimarx’s expertise, you can approach bank negotiations prepared and confident, strengthening your business’s position and making sure your financial interests are well represented.

Payroll Review Services

Dimarx offers comprehensive payroll review services to help businesses streamline their payroll processes, reduce errors, and ensure compliance with all relevant regulations. Our expert team examines your current payroll systems to identify inefficiencies and potential areas of improvement, safeguarding your business against costly mistakes and regulatory issues.

By partnering with Dimarx, you gain access to insights and strategies that enhance payroll accuracy, improve employee satisfaction, and optimise cash flow. Based in Bendigo, Dimarx is committed to providing reliable payroll solutions that support businesses across Australia, making payroll management straightforward and stress-free. Choose Dimarx for expert payroll reviews and achieve greater efficiency and peace of mind for your business.

Business Profitability and Sustainable Practices

Dimarx specialises in enhancing business profitability by identifying key improvement opportunities tailored to maximise your organisation’s potential. Through in-depth analysis, we uncover areas where efficiencies can be improved, costs can be reduced, and revenue streams can be optimised. Our team applies industry expertise and proven strategies to assess your current operations, financials, and processes, highlighting actionable steps to boost your profit margins.

Located in Bendigo, Dimarx is dedicated to helping businesses across Australia thrive by offering insights that translate into tangible results. With our support, you can confidently address financial challenges, unlock new growth opportunities, and drive long-term profitability. Partner with Dimarx and take control of your business’s financial success.

To close or not to close… 

Choosing to close your business without selling is a significant decision, often driven by personal reasons or shifting market demands. However, it’s important to consider whether your business might hold value for someone else before taking this step. A well-established business often has intrinsic worth—from loyal customers and trained staff to established brand recognition and operational assets—all of which can be appealing to potential buyers.

By exploring the option to sell, even if initially planning to close, you may find opportunities to pass your hard work onto someone who can continue its legacy and benefit from the foundation you’ve built. Not only could this help recoup investments and contribute to someone else’s success, but it can also ease the closure process, turning it into a positive transition rather than an end.

Transition your business to a full management structure

Transitioning out of your business by establishing a dedicated management team can be an effective strategy for stepping back while maintaining an ownership role. By placing trusted, skilled individuals in key leadership positions, you ensure that day-to-day operations continue smoothly and the business remains on a growth path. With an established management team, you can shift your role to an oversight capacity, providing strategic direction and monitoring key performance metrics without being involved in daily tasks.

This approach not only allows you to enjoy more flexibility and work-life balance, but it also strengthens the business by fostering a culture of independence and resilience. The transition can be structured gradually, allowing you to train and empower your team, which ensures they are aligned with your vision and equipped to lead confidently, preserving the business’s legacy and stability.

Plan for the loss of a key person in the business

Whether through retirement, resignation or other, developing a strategy for key persons leaving the business is essential to safeguard against disruptions and ensure continuity. A well-thought-out plan includes identifying individuals who hold critical knowledge or play unique roles and creating pathways for their responsibilities to be transferred, if needed. This strategy may involve training a backup team, implementing mentorship programs, or documenting essential processes, so that other employees are prepared to step in seamlessly.

Having suitable options in place, such as succession plans or interim leadership, helps prevent gaps in expertise, aligns the organisation’s goals with personnel planning, and fosters a culture of shared responsibility. Regularly reviewing these plans also ensures that, as the business evolves, the strategy for key person continuity remains relevant and robust, empowering the business to thrive even amidst unforeseen changes.