The new rules set up mechanisms for the Commission and Member States to coordinate their actions and ensure a proper implementation of the framework across the EU.One set of rules applicable throughout the EU.What the new Digital Services Act changes: Reduced compliance costs for gatekeepers and their business users.Other platforms will not be subject to these rules but will be able to benefit from fairer behaviours when doing businesses with gatekeepers.Gatekeepers know beforehand the obligations they have to respect.What the new Digital Markets Act changes: This can create increased compliance costs for platforms operating cross-border. Today, national legislative initiatives in EU Member States may partially address the problems identified but also lead to increased regulatory fragmentation in the EU. Outside those practices, gatekeepers will continue to offer new and innovative services as they have done until now, but without taking advantage of unfair behaviour. These include, for example, prohibitions to discriminate in favour of own services, obligations to ensure interoperability with its platform, and obligations to share, in compliance with privacy rules, data that is provided or generated through business users' and their customers' interactions on the gatekeepers' platform.If designated as a “gatekeeper” under the Digital Markets Act, companies will have to comply with a clearly defined set of prohibitions and obligations to avoid a number of unfair practices. Gatekeepers will be identified based on clearly defined conditions.Gatekeeper-related problems are currently not effectively addressed by Member States or the EU in existing regulation. Today the way in which gatekeepers conduct their businesses is either largely unregulated or based on sets of rules many of which pre-date the digital economy. To learn more, visit or call 1-87.Clear gatekeeper obligations across the EU Competitive rates, a fast approval process, and same-day funding help businesses across various industries secure the working capital necessary to manage daily needs and grow. Headquartered in Houston, Texas, Charter Capital has been a leading provider of flexible funding solutions for the B2B sector for more than 20 years. Those interested in learning more about factoring are encouraged to request a complimentary quote by calling 1-87 or visiting. By unlocking cash trapped in unpaid B2B invoices, factoring helps businesses clear the last hurdles and start seeing the returns they hoped for. Many are now turning to invoice factoring to move the needle. After the initial outlay, businesses are unprepared for the additional expenses to finalize their transformative project. Rosenthal says it often comes down to cash. Because of these hurdles, they put off finalizing the initiative and ultimately don’t get the return they’re counting on.” “They have an idea of where they want to go and make that initial investment,” Rosenthal continues, “but initiatives stall when talent and integrations fall through. Modernizing legacy systems and failure to integrate new technology with existing systems impact 35 and 40 percent of initiatives, respectively. He draws on Avanade’s research which shows that 46 percent of initiatives are impacted by hiring issues. “However, they hit unexpected barriers during implementation.” “Businesses are often excited by the stats and invest in modernization,” explains Joel Rosenthal, Co-founder and Executive Manager at Charter Capital. Stronger team collaboration, improved customer experiences, removal of data silos, and greater efficiency are major contributors. These gains are the columniation of company-wide improvements. Full coverage of the topic can be found in “Digital Transformation: Pros and Cons for Small Businesses,” which is now live on .Īs digital transformation reaches a high level of maturity, companies see a 43 percent gain in net profit margins over their peers per Deloitte. Around 70 percent of initiatives today fail per McKinsey, taking with them the hope of increased profitability. Known as “digital transformation fatigue,” and now impacting 43 percent of all businesses according to Avanade research, the term references the burnout felt by teams constantly under pressure to produce bottom-line results as they adopt newer digital technologies. Leading invoice funding company Charter Capital says digital transformation initiatives across small and midsize businesses are stalling out as a new epidemic of sorts takes hold.
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