In the past few years, numerous Swedish companies have transitioned from handwritten signatures to digital signatures to free up resources, get contracts signed faster, and improve the customer experience.
Besides being more convenient and efficient than manuscript signatures, electronic signatures created with BankID are also far more secure.
What is BankID?
BankID is an electronic ID that enables Swedish citizens and residents to authenticate themselves online and sign documents digitally. To get a BankID, you must have a Swedish personal identity number (personnummer) and be a customer of one of the banks that issue BankID.
The most popular BankID authenticator is the BankID app (BankID Mobile), which users can easily install and use on their smartphones and tablets.
How can I e-sign documents with BankID?
Penneo Sign users and customers can e-sign documents with BankID in just a few simple steps.
1. Open and read the documents.
2. Choose Swedish BankID as the signing method.
3. To sign the documents on your computer using Mobile BankID, choose Mobile BankID as the identification method.
4. Open the BankID app on your smartphone or tablet and scan the QR code.
5. Confirm your identity via the Mobile BankID app.
6. Click on Sign documents to create the signature.
7. Choose whether you want the signed documents to be stored in your personal Penneo archive or not.
What are the benefits of e-signing documents with BankID?
The main benefits of e-signing documents with BankID are:
Faster contract turnaround
Digital signatures provide a way to sign documents online quickly and conveniently. Your customers, partners, and employees can e-sign directly from their laptops, tablets, or smartphones whenever and wherever.
By eliminating the hassle associated with manual signing processes, businesses can significantly improve the signer’s experience and get documents signed faster.
Legal recognition
According to the eIDAS regulation, advanced electronic signatures are legally binding and can be used as evidence in legal proceedings.
The electronic signatures created with BankID via Penneo Sign meet the eIDAS requirements for advanced electronic signatures. This means they uniquely identify the signer and protect the signed document against forgery.
Moreover, since an advanced electronic signature is linked to the signer, the signer can’t dispute the signature.
Cost savings
Numerous resources go into signing documents the traditional way — from paper and printers to postage and human effort. Digital signing allows businesses to improve efficiency and eliminate the costs associated with paper-based processes.
Do you want to see how much money you can save with Penneo Sign?
Can I digitally sign Word documents with BankID in Penneo Sign?
Yes, you can digitally sign Word documents with BankID in Penneo Sign. However, you will first have to save them as or convert them to PDFs.
Once you have the PDF version of the document, you can upload it to Penneo Sign and send it for signature.
Why choose Penneo Sign as your digital signature provider?
Penneo Sign not only enables you to e-sign documents with BankID. It also helps you automate the manual work that goes into getting documents signed.
With Penneo Sign, you can:
- Automate workflows: You define the signer roles and the signing order for each document type. The system will automatically route the documents to the right signers in the right order based on the rules you set up.
- E-sign multiple documents simultaneously: You can upload multiple documents at once and send them to the signers. Instead of signing each document individually, the signers can sign all the documents in one go.
- Set up automatic reminders: Chasing signatures takes time away from high-value tasks. Penneo Sign lets you decide at what intervals the signers should be reminded to sign, and the system will automatically send out reminder emails.
- Reduce manual data entry: Penneo Sign offers numerous pre-built integrations with popular tools, making it easier to transfer data between platforms. Plus, you can use Penneo’s API to build your own integration.
- Store all your documents in one place: All documents signed with Penneo Sign are automatically saved in your Penneo archive, so you can easily find, organize, and retrieve them.
Try Penneo for free and start e-signing documents with BankID today!
