Understanding the impact of digital certification on companies

To a degree, companies today produce electronic material and print it, whether for filing or not. However, digital certification, which has been available on the Brazilian market for 10 years, makes the physical paperwork process for legal documents unnecessary.  

There are multiple impacts that digital certification has on the daily operations of companies. It reduces costs and eliminates bureaucracy such as signature notarization at registrar offices. It provides enhanced security since documents can only be altered with the consent of the owner. 

“Besides legal validity, this certification offers more intelligent systems. It provides interoperability and benefits to improve the process,” states Márcio Nunes, the director-general at Valid Certificadora Digital.

The company is the result of a R$ 30m investment by Valid S.A. A few days ago it began issuing digital certificates based on the results obtained from the corporate world. José Roberto Mauro, a CEO at Valid, has emphasized the integrity of the documents, stating that, “a signed document intrinsically gains systemic ability. You know immediately if it has been tampered with. This certificate provides greater information security and the company acquires far more confidence in its transactions.”  

The certifier operates in the retail market according to how it sees the country’s needs for issuing certificates. Corporately, solutions are used as an instrument. Mauro explains that there is legislation that establishes how companies should use certificates for individuals or other companies.

The CEO of Valid explains that the fiscal departments in companies are responsible for billing as much as issuing signatures, and are regarded as the entities that most naturally require the use of certificates. In this case, IT is only responsible for providing support. 

“Valid operates using simplified language and support tools. Of course, the IT team will provide support according to its own operational and security rules,” explains Mauro.

Business model

In its first month, the company has been able to work with networks and partners to offer flexible services capable of meeting demands in Brazil.

Valid is made up of four business lines: the first is responsible for issuing identification documents for the government; the second handles documents and details; the third provides services and products for Telecom; the fourth manages certification. “We have a synergy between the different divisions. All our clients are potentially from the certifier. The idea is to increase the supply of services for our current clients,” says the CEO.   

The company expects to end the year with approximately 150,000 individual and business clients. It is also estimated that the company will acquire a 10% market share by the end of 2012.