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:
- LastPass, 1Password, Passwordstate, Dashlane Business, Hitcahi ID Password Manager, Keeper Password Manager and Secure Vaule, ManageEngine Password Manager Pro, Rippling Password Manager, SolarWinds Passportal and Thycotic Secret Server.
LastPass for Business
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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. You can get started with Lastpass here with a free 14 day trial:
1Password For Business
1Password offer secure, scalable and easy-to-use password manage for teams. 1Password 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, passwords and mobile 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.
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 34 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 extension, desktop app and mobile app, so employees can access their passwords wherever they need to. Passwords can only be accessed with two step verification in place, helping to ensure encrypted passwords are secure.
Passwordstate is popular with customers for the features on offer, integrations supported and granular admin policies. Customers also praise the ease of set up and quick deployment.
Dashlane Business is a password management tool designed to be easy to use for all users – technical or not. This user friendliness and ease of user makes Dashlane ita popular choice with customers.
Dashlane makes it easy for customers to import and synchronize passwords across browsers, and tells users when they are overusing passwords, prompting them to be changed.
Dashlane also provides Dark Web Scanning. This tool searches the ‘Dark Web’ for compromised account details, and notifies users if they find any compromised account iinformation, prompting you to change passwords and secure accounts.
Dashlane a allows access to stored passwords anywhere, be it on mobile or desktop. They offer secure password sharing features, and the cloud-based delivery means deployment is quick and easy.
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 manager 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.
Keeper Password Manager and Secure Vault
Keeper’s password management solution is aimed at businesses of all sizes across all industries. It’s aimed at helping users to secure their passwords, which helps to prevent data breaches, improve productivity and meet compliance standards.
Keeper creates random, high-strength passwords for websites and applications, then stores them in a secure vault across all of a users’ devices. Each employee can manage their own password vault, from where they can access all of their secured password information, so users don’t have to remember complex passwords. They can also store credentials and files in this secure encrypted vault.
Admins can access a management console that makes it easy to distribute, manage and monitor Keeper across an organization. This means admins can easily enforce password security, 2FA and other data security policies. Admins can also manage role-based permissions from here and view security audits and reporting.
Keeper is popular with customers for its accessibility, ease of use and how it improves the security of organizations.
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.
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.
SolarWinds 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 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.
SolarWinds 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. SolarWinds 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.