Minneapolis, Minnesota – (The Hosting News) – February 13, 2009 – Web hosting outsourcing provider, Digital River, Inc., has enhanced its global e-commerce platform with one of the e-commerce industry’s first comprehensive, automated regulatory fee management tools.
Joel Ronning, CEO of Digital River remarked, ”With this new regulatory tool, we are breaking down barriers for consumer electronics companies entering online channels. We are helping them manage financial risk and operational complexity to speed time-to-market. In fact, some of our clients have said they would not be selling online in Europe without this tool and Digital River’s expertise in this area. Based on the early positive feedback we have received from our clients, we believe this tool has the potential to set a new standard for world-class e-commerce services in the high-tech market.”
The tool enables consumer electronics (CE) manufacturers that are selling products online in Europe and North America to administer, collect and remit fees in compliance with complicated copyright, electronic equipment end-of-life recycling (WEEE) and battery recycling regulations. Companies failing to meet these regulations, which vary by country, can be subject to fines and prosecution, and prohibited from selling online.
The fee management tool is an integrated part of the DR globalCommerce command console, a self-service, web-based remote control toolset used for managing the daily operations of a Digital River e-commerce solution. The tool:
- Houses a central database with the regulatory fees and their product- or country-specific mandates;
- Provides merchants an administration tool so they can easily attach fees to products and display them on required web pages in the appropriate markets;
- Integrates with accounting and tax systems to streamline fee accounting and reconciliation; and
- Tracks sales and collected fees by local compliance scheme to help merchants manage the complex requirements related to reporting and fee remittance.
Mr. Ronning added, ”There is heightened market awareness and increasing risk today in dealing with the recycling and environmental regulations that surround the online sale of electronics products. By drawing upon our global e-commerce expertise, we can help consumer electronics manufacturers meet the green standards for their industry.”
Digital River, Inc., is a provider of global e-commerce solutions, builds and manages online businesses for software publishers, consumer technology manufacturers, distributors, online retailers and affiliates. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company’s comprehensive platform offers site development and hosting, order management, fraud prevention, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services. Founded in 1994, Digital River is headquartered in Minneapolis with offices in major U.S. cities as well as Cologne, Germany; London, England; Shannon, Ireland; Luxembourg, Luxembourg; Stockholm, Sweden; Taipei, Taiwan; Tokyo, Japan; and Shanghai, China.
For more information about Digital River, please visit: www.digitalriver.com.