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Efficient business banking to help maximise your cash flow
Maintaining profitability is a challenge for every business, as is reducing your administrative tasks. By better managing your costs, cash flow and banking administration, you could free up more time to focus on why you're in business.
When looking at which banking products to set up, it pays to look at your entire financial needs rather than focusing on individual accounts or services. This helps ensure you'll have a robust financial position for whatever life throws at you and your business.
NAB's total banking solution for businesses can be tailored to your current and future cash flow requirements - helping enhance your cash flow, reduce banking and administration costs and streamline the management of your income and expenditure. Giving you greater control over your finances.
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- Call 13 10 12
- Contact a NAB Business Banker
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Day to day accounts
The centre of everything you do. An appropriate account or accounts to store and access business funds to suit the needs of your business.
View accounts | Business account selector tool
Savings & investment accounts
Ideally linked to your day to day account with the ability to park surplus funds, helping maximise returns during periods where you have a positive cashflow but need to access to these funds quickly and easily. An automatic balance transfer may be setup so funds over a certain limit are moved to your savings account.
View accounts | Business account selector tool
Receive payments
Make it a pleasure to do business with you. By providing appropriate and various options for your customers to pay you, you increase the likelihood of obtaining payments when you want them. That way you could get your money earlier into your day to day account and/or savings account and improve your chances of maintaining a positive cashflow. Consider the gateway that your customers prefer and that you can also manage.
View payment receivable products
Make payments
When paying staff and suppliers you want efficiency so that your time is not wasted collating receipts and managing accounts. You also want flexibility so that you can pay staff and suppliers in a number of ways to keep a positive business to business relationship.
View payment products
Manage transactions
These high volume payments and receivables you are likely to experience could become an administrative nightmare if you don’t have some efficient way of centrally managing, monitoring and reporting on your business transactions. Depending on your business and personal preferences you may wish to conduct this via the internet, PC based software or via the telephone.
View transaction management products
Finance & leasing
Where you face a negative cashflow situation and have exhausted surplus supplies of cash you may need to source required funding. You may simply want to make funds available for day to day purchases via a credit card. Or, you may need an overdraft on your transaction account for those times when you run short. If you need to make some substantial investments in your business such as updating property, equipment or vehicles you may want to decide if these are best paid financed upfront or a leasing option so as not to use up your working capital.
View finance & leasing options
Insurance
In the event of a catastrophe to your business assets, yourself and other business owners or your employees, you need to ensure adequate insurance cover so that the business, your family welfare and your employees are protected. For all the energy that you have put into the setup and management of your business it would be devastating to see that taken away instantly due to an event outside your control. Adequate insurance can help give you back control over the destiny of your business even in these unfortunate circumstances. There are also financing options that may allow you to spread your insurance premiums over many months to reduce the burden on your cashflow of paying these premiums upfront.
View insurance options | NAB Financial Planning Services
Wealth development
What are you putting away for long term wealth creation for your business and yourself? As a business owner you are responsible for providing for your superannuation and that of your employees. But this is only superannuation. What other investment vehicles have you set aside for building your long term wealth? What is your overall investment strategy including super and how can this be accessed to either expand your business or meet your lifestyle goals?
View investment solutions | NAB Financial Planning Services
Domestic & international trade
If your business relies on the import or export of goods and services outside of Australia then you have a number of additional things to consider in terms of your cash flow position. How do you facilitate transactions overseas? How you can you overcome or take advantage of foreign exchange rate fluctuations? Do you need finance to cover shortfalls in cashflow due to seasonality? What risks come with importing and exporting?
International trade products | Supply chain specialists
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