We’ve partnered with Channel 7’s Kochie’s Business Builders to provide businesses like yours with simple, practical solutions to help you run your business more effectively. Each week we’ll bring you tips from our NAB Small Business Banking team as featured in the episodes.

This week Cindy Batchelor presents the top tips on how to get paid on time.   Watch Cindy’s video or read her tip below.

• Get more practical information, tools and tips to help you run your business

We understand that when you run a small business you are time poor, and cash flow is critical. You need a solution that allows you to take payments from customers in an efficient and timely manner, wherever you are.

We’ve launched NABTransact, an app that enables small businesses to take credit card payments, without the need for a merchant terminal, or any other device or software.

NABTransact works on your computer, tablet or mobile.

For businesses out on the road, like trades people or sales, you can accept payments via your mobile phone.  This not only allows you to be truly mobile, but it also reduces the admin burden of invoice payments via cash and cheque.

Your transactions occur in real time, so you can see the payment outcome on the spot. Getting paid instantly couldn’t be easier.

NABTransact’s virtual terminal, also allows you to process phone and mail payments, with real-time authorisation.

For more information about NAB Transact, visit nab.com.au/nabtransact

Watch the full episode of Kochie’s Business Builders