Password Managers for Business are a great way to improve business security, and remove the frustrations of storing and securing complex passwords for each business account.
With the growth of SaaS and cloud applications, every employee has hundreds of different accounts to manage, with each needing a unique, secure password. A report from LastPass recently revealed that the average employee has 191 different passwords to manage.
That’s a lot of passwords to keep on top of! Understandably, this causes employees to use the same password for multiple accounts, or use simple passwords that are easily remembered – and so easy for hackers to guess.
This is a big security risk, as one account becoming compromised can then allow an attacker to break into multiple others, with each potentially containing sensitive company information.
Password Managers for business (Business Password Management) offer a solution. These products manage passwords for users by storing all of their passwords in a fully encrypted password vault. This makes life easier for users and helps admins to ensure that everyone is using unique, secure passwords, across all of their accounts.
To help you find the right platform, we’ll take you through the ten best password management solutions we’ve identified. We’ll be going over what they do best, and what customers have to say about them, as well as their pricing and usability. Let’s get started.
The Best Password Managers for Business Includes:
- Keeper Password Manager and Secure Vault | 1Password | Passwordstate | Dashlane Business | Hitachi ID Password Manager | LastPass | ManageEngine Password Manager Pro | Rippling Password Manager | N-able Passportal | Thycotic Secret Server
Keeper Password Manager and Secure Vault
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Keeper is a market-leading business password management solution that provides enterprise password security to help promote better password practices among employees, prevent account compromises, and meet business compliance standards. Keeper helps improve password security by allowing users to generate random, high-strength passwords for all of their company accounts and applications. These are stored in a secure, encrypted vault unique to each user and can be easily managed and accessed when needed from any device. Keeper helps to improve employee productivity, reduce the risk of data breaches from weak or reused passwords, and ensure compliance standards are met.
Keeper’s password vault is easy to use and accessible from anywhere, making it simple to create high-strength passwords, access them, and securely share them with other team members when needed. Users are also able to store encrypted files in the vault such as documents or photos. Keeper’s browser extension, KeeperFill, recognizes sites and applications the user already has logins saved for and automatically fills in their credentials. When resetting passwords or creating a new account, KeeperFill automatically suggests and saves new passwords to the user’s vault.
Built on a zero-knowledge security architecture, password encryption and decryption occurs only on the client’s device. This means that the plaintext version of the data is never available to Keeper employees nor any outside party.
Finally, Keeper’s Admin Console allows administrators to provision and control the end-user licenses for their account. The Admin Console offers advanced integration with Active Directory, SSO, SCIM, and developer APIs to allow easy provisioning. Employee permissions are fully customizable and role-based access controls can be set up to stop passwords from being shared outside of organizations or to the wrong team members. Admins can also view reporting into employee password security and access a range of audits to help enforce policies and ensure compliance standards are met. Keeper are a strong option for organizations looking for a reliable, fully-featured enterprise password management solution.
Base pricing starts at $3.75 per user, per month. Additional add-ons are also available such as BreachWatch which scans the dark web and alerts users when any of their credentials are found.
1Password For Business
1Password offers secure, scalable and easy-to-use password management for teams. Their solution makes it easy for employees to stay safe online by storing passwords in secure vaults and enforcing two-factor authentication. Passwords are synced seamlessly across browsers and devices, meaning employees always have access to their passwords.
1Password offers a range of features for businesses. Admins have access to advanced permissions and can deploy account recovery options in the event passwords are lost. A travel mode is available to ensure admins can help employees with password issues while away from their desks.
1Password also offers Active Directory integration and Slack integration so that passwords can be securely shared across groups. Admins also get access to activity logs and usage reports which you a wider picture of your organization’s security.
Customers praise 1Password for how easy it makes it to create and manage secure passwords and access them quickly when they need to. Customers argue that the service is highly convient and secure.
Dashlane is a password management solution designed not only to protect users from credential-based data breaches, but also to be highly user-friendly and easy to roll out. It’s popular amongst both technical and non-technical customers for its intuitive user experience and wide rang of security features, which help to protect valuable corporate data while freeing up help-desk resources and increasing employee productivity.
Dashlane features a secure AES 256-bit encrypted password vault, with an additional Argon2d encryption setting, which adds latency and provides stronger security against brute force attacks. Automatic breach alerts immediately notify users if a hacker attempts to breach their vault, and the dark web scanning tool searches the internet for stolen credentials. If the scan comes back positive, Dashlane alerts users that they need to change their password. Dashlane also features secure and efficient password sharing functionality within the vault.
Finally, the solution features a centralized admin console, from which admins can configure policies including disabling auto-fill on certain websites, 2FA enforcement and setting up Business Space domains. The Business Space feature allows users to store their business and personal credentials separately within one vault. Admins can also monitor the password health in an employee’s Business Space without encroaching on the privacy of their Personal Space. From the console, admins can also access reports into account usage, shared password group information, and Password Health score reports.
Dashlane offers two password management packages: Team and Business. Dashlane Team includes their secure password vault, management and reporting, group password sharing and 2FA. Dashlane Business includes all of the features of Team, plus SSO and a free family protection plan for each user. Dashlane’s excellent customer support and user-friendly interface make it strong password manager for a small-to-medium-sized business, including non-technical companies.
Hitachi ID Password Manager
Hitachi’s Password Manager is an integrated solution that allows users to manage passwords and account credentials across applications and devices. It aims to help users manage their passwords, tokens, cards, security questions and biometrics, while improving account security.
Password Manager includes multiple features including password synchronization, self-service password management, PIN reset, strong authentication, federated access, enrolment of security questions and biometrics.
Password Manager is popular with its customers for how easy it makes it for end users to reset their own passwords and gain access to accounts. This saves a lot of time and effort for IT admins, who will no longer need to reset individual user passwords if they are forgotten. This is especially useful for larger organizations, where numerous requests for password resets can quickly become a time consuming task.
Password Manager is a component of the Hitachi ID Identity and Access Management Suite, a system that helps enterprises to better manage their identity polices and credentials, which also includes 2FA and enrolment. Customers feedback suggests that Hitachi Password Manager is a good choice for enterprises looking for a comprehensive identity management suite.
LastPass for Business
LastPass is one of the most popular password managers for business. Lastpass provides multiple levels of identity management, starting with simple and secure password management for teams, going right up to an enterprise identity management solution that combines password management with integrated multi-factor authentication and single sign-on for users.
Customers highly rate Lastpass for its user experience. Lastpass is easy to use; it seamlessly stores passwords across accounts and makes it intuitive for users to log into multiple systems with unique, secure passwords. The platform is easy to access, with a browser extension, desktop app and mobile application that allows users to access their passwords from anywhere. These applications will also auto-fill your passwords when you are prompted to login, so you don’t need to remember or copy and paste secure passwords.
Migrating existing passwords is easy, you simply log into an account and LastPass automatically stores your account details. Your vault is secured with two-factor authentication by default and with fingerprint and facial recognition on mobile applications and certain laptops.
Customers also praise Lastpass’ business features, including credentials sharing. This allows users to easily share access to accounts among other members of your team. Lastpass provide polices and reporting that allow IT admins to ensure everyone has secure passwords and are changing passwords regularly. LastPass also offers an encrypted ‘notes’ section, which allows you to securely store information and credit card details.
The LastPass platform makes it easier for businesses and users to securely and safely manage passwords, making it a leading Password Management solution for businesses.
ManageEngine Password Manager Pro
Password Manager Pro is a secure vault for storing and managing sensitive information such as passwords, documents and digital identities for enterprise. Password Manager Pro helps organizations to manage passwords more effectively, improve IT productivity, improve admin security controls and meet regulatory compliance.
This platform is available as both an on-cloud and on-premise solution. ManageEngine automatically creates a secure password for users and employees can access their passwords both on desktop and on mobile. The admin console is accessible off network, so you can set policies when you’re away from your desk.
ManageEngine also allows admins to set roles-based access, meaning that a manager in one department may have access to important passwords for that department, but will not have access to passwords important to another department. Reporting is detailed; admins can even set session recording to see exactly who is sharing passwords and for what reasons.
ManageEngine also provide Password Manager Pro MSP edition. This platform aims to help Managed Service Providers manage their clients’ passwords more effectively, helping to improve security and make management easier.
Click Studios Passwordstate
Passwordstate is an on-premise web based solution for Enterprise Password Management, which allows teams of people to access and share sensitive password resources.
Passwordstate offers granular admin controls, with policies around when users must reset passwords and how long and complex passwords need to be. This makes Passwordstate a good option for large organizations that need to ensure strong password security across all of their employees efficiently.
Customers praise the reporting and auditing offered by Passwordstate. Admins have access to 49 pre-defined reports, giving teams more visibility over who has had access to which accounts within the organization, and where passwords have been shared.
Passwordstate is accessed via a browser, and mobile app, so employees can access their passwords wherever they need to. Access to Passwordstate and passwords can be configured for multi factor authentication, helping to ensure encrypted passwords are secure.
Passwordstate is particularly popular with customers for its range of security and reporting features, integration via API, supported and granular admin policies. Customers also praise the ease of set up and quick deployment.
Rippling Password Manager
Rippling allows businesses to manage their HR and IT departments, including payrolls, benefits, employee computers and apps, via one admin interface. It’s a comprehensive platform, that allows a company to set up or disable employee payroll, insurance, their work computer and their third party apps, which helps to automate time-consuming admin work.
RPass is Rippling’s Password Manager, which aims to make it easier for teams to manage passwords and share access to business accounts. RPass allows teams to securely store and share login credentials, from within their browser, or in the mobile app. This means that you can have strong, complex and unique password for each account, and be able to share it within your team securely. Each password is encrypted and stored in a vault, so no one can access sensitive passwords.
Customers like this solution because it’s an all-in-one platform to manage employees, including a user-friendly password manager. Customers report that it’s a good option for start-up companies, with cost-effective pricing and time saving features. Rippling is a good choice for customers looking for a comprehensive HR and IT management tool, with password manager functionality.
N-able Passportal is a cloud-based password management service, targeting MSP customers. It’s fully encrypted, with efficient and easy-to-use password and credential management. It provides businesses with a full range of features including credential injection, reporting, auditing and automatic password changes.
Passportal is ideal for MSP and internal IT services teams that need easy-to-use and simple cloud based password security. It provides MSPs with privileged client documentation capabilities, which make it easy for technicians to provide essential information quickly and efficiently. Passportal also offers a fully white labelled password management as-a-service solution which can be distributed to your clients.
N-able customers argue it’s one of the best options for password protection and administration, with extensive documentation, an easy-to-navigate website and multiple integrations. MSP customers report that the interface is intuitive, making it easy to assign passwords and other information to client accounts. N-able Passportal is a good choice for MSP customers, who need a system to manage all of their clients passwords, or MSPs looking to distribute password management as a service to their clients.
Thycotic Secret Server
Thycotic Secret Server lets organizations protect their priviliged accounts with enterprise grade access management. It can be deployed as a cloud service or on-premise.
Secret Server allows users to store privileged account details and passwords in an encrypted, centralized vault. It then allows admins to identify all accounts and manage access to company credentials, so that companies have full visibility and control over corporate account access and security.
Thycotic makes employee’s lives easier with Active Directory integration, meaning users only need to log into O365 to access all their passwords. It’s popular with customers for it’s easy to navigate interface and accessibility. Customers also praise how easy it is to generate new secure passwords, and it’s reliability.
Secret Server is aimed toward larger teams, who have lots of users that need to be able to securely manage their own passwords, as well as following admin security policies. There is a freemium option available, however, which makes Thycotic Secret Server attractive to smaller businesses as well.