Enterprise Password Management Software

We explain the basics of EPM, present go-to strategies and best practices, plus offer detailed reviews of the 12 best EPM tools currently available on the market. Most password managers can also fill in personal enterprise password management in the cloud or company data on web forms, which is more secure and less prone to errors than typing in information manually. You can edit and store sensitive company information in the password manager’s encrypted vault.

• The Named User plan includes one installation for a chosen number of users, whereas the Enterprise plan covers an unlimited number of users.
• One of Sticky Password’s main selling points is that the tool guarantees clients never permanently lose employees’ credentials.
• At the other end of the spectrum, access must be revoked immediately for a terminated employee.
• While there are many paid password managers, some personal password managers are also free.
• Parameters like organization size, IT team maturity, distribution of PII, budget constraints, compliance requirements help IT admins choose the right kind of solution to meet their requirements.
• Exposure to a single hard-coded credential could put the entire organization at risk.

Passwordstate feels like it’s been designed specifically for businesses — unlike some other business password managers that feel like personal password managers awkwardly molded into a business version. That said, I still don’t think Passwordstate’s dashboard is as intuitive as 1Password or Dashlane. LastPass has one of the most intuitive admin dashboards of all the password managers I tested. Even without much IT expertise, I found it easy to add new team members and enforce specific security settings (like requiring everyone to use multi-factor authentication).

Safeguard Against Ransomware Attacks

Enforce strong controls over your business application credentials, including layered access protections, role-based permissions and user activity audits. Supports out-of-the-box a wide range of target systems, databases, network devices for access control and automatic password resets. You can ease the process of providing and removing employee access as needed.

They offer free plans for individual use and for a 2 person team (friend or partner) and the free plan offers sync across unlimited devices and device types, supports browsers, mobile apps, and desktop apps. Even with advances in security practices and technologies, passwords continue to remain a weak point in an organization’s cyber security strategy. Strong passwords are still an essential part of security strategy for most organizations, and poor password hygiene can make their IT network vulnerable. If you’ve got the budget and you need a high-end password management tool, though, there’s not much better than this. It’s just as good as its rivals, and you only need to consider which product has the features and integrations that your organization needs. The self-hosted solution allows you to host a password manager in a private cloud, Kubernetes, or other storage under your possession.

What are the different kinds of password managers?

I’m also happy to see that, like Dashlane, NordPass has integrated passkeys into its desktop app and Web Vault. Dashlane has everything businesses need to manage their passwords — including 256-bit AES encryption, a wide range of features, an intuitive employee dashboard, and a well-built and easy-to-use admin console. I’m a big fan of 1Password’s password vaults — you can organize specific passwords into vaults and only allow specific team members access to each vault.

Keeper is a password management tool that offers top-tier security and EPM services. The tool is highly secure thanks to a zero-trust and zero-knowledge architecture. Finally, note that above all else, a business password manager should be easy to use.

Provides Single Sign-On for Apps

Desktop-based password managers encrypt usernames and passwords and store them in your desktop machine. From the data center to the front office, Keeper delivers the ultimate in enterprise security and cyberthreat prevention. Protect access to applications, systems, secrets and IT resources with a zero-trust and zero-knowledge architecture. Simplify and strengthen auditing and compliance while achieving organization-wide visibility, control, event logging and reporting. While the options above are useful for Google Workspace users, I think password managers like 1Password do a much better job of managing passwords across organizations. There’s a one-time fee to purchase Passwordstate’s software, but there are also optional annual fees for upgrades, support, and extra features.

There are multiple factors that one has to consider before investing in an IT security solution. Parameters like organization size, IT team maturity, distribution of PII, budget constraints, compliance requirements help IT admins choose the right kind of solution to meet their requirements. Every employee should only have access to the credentials they need to perform their jobs. Granting them excess permissions to sensitive data could lead to credential misuse and an increased risk of compromise.

Enterprise password management in the cloud: a notable trend

Even if you’re using it for just yourself or if you’re implementing it for a team, migrating to a new one won’t be easy. LastPass was included on this list, but as most will be aware by now, it suffered a significant breach which compromised the vaults of its users. As such, we have now removed the password manager from our list entirely. Cybercriminals increasingly rely on automation tools to execute malicious activities because they see it as a way to conduct more successful data breaches and gain higher amounts of profit more quickly. Hackers keep evolving their methodologies and it is on the organizations to implement robust cybersecurity tools to defend themselves against these attacks.

Manual management of your company’s passwords is too complex, time-consuming, and outright risky. Even a single password falling into the wrong hands is enough to cause a data leakage or breach, so invest in EPM and ensure your credentials are safe from prying eyes. If you try one and later realize it doesn’t work for your organization, don’t worry, as most services make switching password managers easy.

Best business password manager of 2023

As a PCMag security analyst, I report on security solutions such as password managers and parental control software, as well as privacy tools such as VPNs. Each week I send out the SecurityWatch newsletter filled with online security news and tips for keeping you and your family safe on the internet. 1Password Business is my favorite — it’s secure, intuitive, and includes a wide range of features for both end-users and admins.

Integrating the program into my company’s active directory software was also a breeze. Ensure that the password manager integrates smoothly with your existing infrastructure and applications. Look for compatibility with different operating systems, browsers and devices. Additionally, check if it supports integration with your organization’s SSO or https://www.globalcloudteam.com/ identity management solutions. Password management (PM) tools are products that provide users with the means to reset their own passwords after an account lockout or when they forget their passwords. PM tools can also synchronize passwords for users across multiple systems, allowing users to access multiple applications with the same password.

What are the Licensing Options for Password Manager Pro?

1Password Business’ Teams plan is best suited to startups and small businesses while its Business plan will likely appeal to larger organizations. It’s worth noting that you will have to sign up for the Business plan or higher to claim the free family accounts for your team. There is also an Enterprise plan available but you will need to contact the company for a custom quote.