Enterprise Networking

8 Best Enterprise Password Management Software for 2023

— May 19, 2023 add comment

As technology evolves, businesses are increasingly dependent on digital tools and platforms to manage their operations—and with this many tools being accessed every day, it’s critical to ensure they all remain secure. 

One aspect of digital security that’s gaining traction is password management software. These tools help businesses manage, store, and secure passwords, reducing the risk of security breaches and improving overall productivity. 

Here are our picks for the top enterprise password management software in 2023:

Best enterprise password management software comparison

Our comparison table below provides a quick overview of the key features of these top enterprise password management software solutions. Note that, while each of these tools is available for personal use, this article focuses on the business editions.

Multi-device syncing Dark web monitoring SSO integration User management Two-factor authentication Starting price
1Password Business ? ? ? ? ? $7.99/user/mo.
LastPass ? ? ? ? ? $4/user/mo.
ManageEngine Password Manager Pro ? ? ? ? ? Free for 1 admin and 10 resources/users

$595/yr. for 2 admins and unrestricted users and resources
Keeper ? ? ? ? ? $2/user/mo.
Dashlane ? ? ? ? ? $2/user/mo.
NordPass ? ? ? ? ? $3.59/user/mo.
RoboForm ? ? ? ? ? $22.95/user/yr.
Bitwarden ? ? ? ? ? $3/user/mo.

Jump to:

1Password Business

Best all-in-one solution

1Password Business is an all-in-one enterprise password management software solution with an intuitive, user-friendly interface, making it a favorite among businesses of all sizes. Its simplicity does not compromise its powerful features and security, ensuring your enterprise’s passwords are securely managed with ease.

Pricing

The pricing plans that are applicable to businesses and enterprises are as follows. Each includes a 14-day free trial.

  • Teams Starter Pack: $19.95 per month, to protect up to 10 team members.
  • Business: $7.99 per user per month, billed annually.
  • Enterprise: Reach out to 1Password for a quote.

Features

  • User-friendly platform allows businesses to securely autofill, store, manage, and share passwords, along with other sensitive information like credit card details and software licenses.
  • Travel mode allows users to remove selected passwords from their devices when traveling, enhancing security in potentially high-risk situations.
  • Watchtower feature is a proactive security tool that notifies users of password breaches and vulnerabilities, helping businesses stay ahead of potential security risks.
  • Integration with a variety of other tools and platforms, including SIEM tools, enhances usability by allowing users to access and manage passwords directly within these integrated systems.
  • MFA support.

Pros

  • The solution’s user-friendly interface simplifies password management, making it accessible to users with varying levels of technical proficiency.
  • Travel mode and watchtower features provide additional layers of security, helping businesses mitigate potential security risks.
  • Its wide array of integrations enhances compatibility with various tools and platforms, simplifying password management across multiple systems.

Cons

  • While the platform is generally easy to use, some users may find the setup process complex.
  • Compared to some competitors, 1Password Business’s pricing can be higher, particularly for larger teams.

LastPass

Best for user-friendliness

LastPass is a renowned enterprise password manager that stands out due to its user-friendly approach. It’s designed to simplify password management by offering a clean, easy-to-navigate interface and a host of features that make password generation, storage, and sharing a breeze.

Pricing

LastPass offers two Business plans, both of which include a 14-day free trial:

  • Teams: $4 per user per month, billed annually., for up to 50 users.
  • Business: $6 per user per month, billed annually. This plan includes unlimited users and adds Single Sign-On (SSO) and other features.

Features

  • Streamlined, intuitive interface simplifies password management, making it easier for users to store, retrieve, and manage their credentials without needing advanced technical skills.
  • Secure password generation capabilities create robust, unique passwords for each account, as well as autofill features that populate passwords automatically in recognized fields.
  • Secure password-sharing feature gives teams access to shared accounts securely without revealing actual passwords.
  • SSO enables users to access multiple applications and platforms with a single set of credentials, enhancing convenience and productivity.
  • Multi-factor authentication (MFA) significantly reduces the risk of unauthorized access.

Pros

  • The intuitive design makes it suitable for all levels of technical proficiency.
  • The extensive feature set provides comprehensive password management.
  • The pricing plan offers good value, considering the array of features included.

Cons

  • Some users have reported occasional synchronization issues across devices.
  • Customer support options are somewhat limited compared to other platforms.

ManageEngine Password Manager Pro

Best for robust security features

ManageEngine Password Manager Pro is a comprehensive enterprise password management software solution that stands out for its robust security features. It’s designed to meet the complex requirements of large organizations by offering a wealth of features that facilitate secure password storage, management, and sharing across multiple departments and teams.

Pricing

ManageEngine Password Manager Pro encourages prospective users to contact them for a quote. It has the following license types:

  • Free: One administrator and up to 10 resources to manage. Valid forever.
  • Standard: Licensing fee starts at $595 per year for two administrators and unrestricted resources and users.
  • Premium: Licensing fee starts at $1,395 per year for five administrators and unrestricted resources and users.
  • Enterprise: Licensing fee starts at $3,995 per year for 10 administrators and unrestricted resources and users plus 25 keys.

Pricing for the three paid tiers can be adjusted based on the number of administrators your organization requires.

Features

  • Feature-rich environment includes comprehensive password management tools, such as secure password storage, retrieval, and management.
  • Disaster recovery, high availability, and mobility features deliver live backup, high availability architecture, quick recovery, secure offline access, and breakglass provisions.
  • Audit, real-time management, reports, and compliance components deliver audit trails—a critical feature for large enterprises that enables them to monitor password usage, track changes, and promptly identify any unusual activity.
  • Integration with a wide range of applications and platforms allows users to manage passwords across various tools and systems from a single interface.
  • Two-factor and MFA create an additional layer of security by requiring users to provide multiple forms of identification beyond just a password.

Pros

  • Its comprehensive feature set is well-suited to the complex needs of large enterprises.
  • Advanced role-based access controls and detailed audit trails enhance security and accountability within the organization.
  • The platform’s wide range of integrations improves compatibility and usability across various tools and systems.

Cons

  • The platform’s extensive features may be overwhelming for smaller teams or less tech-savvy users.
  • Pricing can be on the higher side, especially for smaller businesses.

Keeper

Best for multilayered security

Keeper is a password management solution that prides itself on its multilayered security approach. It provides a wide array of security features that work in concert to ensure your business’s password-related data remains safe and secure at all times.

Pricing

Keeper Business and Enterprise is available in four plans:

  • Business Starter: $2 per user per month, up to 10 users.
  • Business: $3.75 per user per month.
  • Enterprise: Contact Keeper for a quote.
  • Privileged Access Manager (KeeperPAM): Contact Keeper for a quote.

Features

  • Robust security-focused feature set includes zero-trust and zero-knowledge architectures, secure password storage, an encrypted vault for sensitive files, and an automated password changer.
  • Secure sharing feature allows users to safely share passwords and other sensitive information with team members.
  • Comprehensive security audit tool assesses password strength and security across the enterprise, helping identify potential vulnerabilities.
  • Support for 2FA adds an extra layer of security by requiring users to provide an additional form of verification beyond a password.
  • It also offers dark web monitoring, a feature that scans the dark web for any signs of your business’s data, alerting you if anything is found.

Pros

  • The platform’s strong focus on security provides businesses with robust protection for password-related data.
  • Secure sharing and comprehensive security auditing tools enhance the platform’s usability and effectiveness.
  • Dark web monitoring provides an additional layer of protection, helping businesses respond quickly to potential data breaches.

Cons

  • The user interface, while functional, may not be as intuitive as some other password management solutions.
  • The cost can escalate quickly for larger teams, as some desirable features require additional payments.

Dashlane

Best for advanced security controls

Dashlane is password management software that not only offers some of the best advanced security features but also excels in providing automated password updates, a feature that automatically generates and applies strong, unique passwords for various accounts. This feature greatly reduces the burden of creating and updating passwords for businesses.

Pricing

Dashlane’s business solution is offered in three tiers:

  • Starter: $2 per “seat” (i.e., user) per month to secure up to 10 users. Billed monthly at $20 for 10 seats.
  • Team: $5 per seat per month, billed annually.
  • Business: $8 per seat per month, billed annually.

Team and Business plans both offer free trials, but the length of time is unspecified.

Features

  • Automated password changer generates strong, unique passwords and applies them to accounts automatically, thereby reducing the manual work involved in password management.
  • Secure notes feature allows users to store and share sensitive information, such as software licenses or business notes, securely within the platform.
  • Detailed password history enables users to track changes and maintain a thorough record of password updates.
  • VPN for Wi-Fi protection adds an extra layer of security when accessing sensitive information over potentially insecure Wi-Fi networks.
  • Dark web monitoring scans the dark web for any signs of your business’s data and alerts you if anything is found.

Pros

  • Its automated password changer greatly simplifies password management, especially for businesses with numerous accounts.
  • Secure notes and detailed password history features enhance the platform’s usability and security.
  • VPN and dark web monitoring provide additional security layers, safeguarding business data in various contexts.

Cons

  • Some users have reported occasional issues with the automated password changer not working with certain websites.
  • The VPN feature is limited in customization options compared to standalone VPN solutions.

NordPass

Best for user privacy

NordPass is an enterprise password manager that is recognized for offering high-quality privacy features. The solution is priced at a competitive price point. Developed by the creators of NordVPN, it provides an excellent balance of affordability and functionality, making it a cost-effective choice for businesses.

Pricing

NordPass is available in two different business plan options:

  • Business: $3.59 per user per month for up to 250 users, starting with a 14-day free trial.
  • Enterprise: Contact NordPass for a quote.

Features

  • NordPass includes an XChaCha20 encryption algorithm, which provides top-tier security for your business’s sensitive information and passwords.
  • Password health check feature helps businesses identify weak, old, or reused passwords, prompting users to improve their password strength.
  • Secure password sharing makes it easier for teams to share access without compromising security.
  • Autosave and autofill functionality simplifies the process of storing and entering passwords on websites and applications.
  • Data breach scanner alerts businesses if their data appears in any leaked databases, allowing for prompt action.

Pros

  • NordPass provides a high level of security with its use of the XChaCha20 encryption algorithm.
  • The password health check and data breach scanner features proactively help businesses identify and address security risks.
  • Autosave and autofill features simplify the process of password management, making it easy for users.

Cons

  • While NordPass provides excellent features, it does not include some advanced features found in more expensive solutions, such as secure document storage.

RoboForm

Best for form-filling and offline access

RoboForm is a robust enterprise password management software solution best known for its form-filling capabilities that support form auto-completion. It also boasts an offline access feature that enables users to manage and access their passwords without an internet connection, making it a flexible and reliable option for businesses with varying connectivity circumstances.

Pricing

RoboForm for Business offers per-user licensing for one, three, and five-year subscriptions. It also offers a 14-day free trial for up to 30 users.

  • 1 Year Subscription: $39.95 per user per year for one to 10 users, $35.95 per user per year for 11 to 25 users, $34.95 per user per year for 26 to 100 users, and $29.95 per user per year for 101 to 1,000 users.
  • 3 Year Subscription: $33.95 per user per year for one to 10 users, $30.95 per user per year for 11 to 25 users, $29.95 per user per year for 26 to 100 users, and $25.95 per user per year for 101 to 1,000 users.
  • 5 Year Subscription: $29.95 per user per year for one to 10 users, $26.95 per user per year for 11 to 25 users, $25.95 per user per year for 26 to 100 users, and $22.95 per user per year for 101-1,000 users.
  • Site Licensing: For 1,000+ seats, contact RoboForm for a quote.

Features

  • RoboForm offers offline access to your passwords, ensuring your business can manage and retrieve passwords even without an internet connection.
  • Secure sharing of passwords, notes, and other data allows teams to collaborate effectively while ensuring data security.
  • Includes a password generator feature that creates strong, unique passwords to strengthen your business’s security.
  • Form filling functionality allows for the automatic completion of online forms, saving time and reducing human error.
  • It also features a secure digital wallet for safely storing credit card information, receipts, and other business-related financial details.

Pros

  • RoboForm’s offline access feature provides flexibility and ensures password availability, regardless of connectivity.
  • Secure sharing and password generator features enhance collaboration and security within businesses.
  • Form-filling and digital wallet features add convenience and safety for financial and personal data.

Cons

  • The user interface might seem less modern and intuitive compared to some other password managers.
  • Some users have reported occasional sync issues across different devices.

Bitwarden

Best open-source solution

Bitwarden is an open-source password management solution, making it a top choice for businesses seeking transparency and customization. Its open-source nature allows for complete visibility into the software’s code, providing assurance of its security measures and the ability to tailor it to specific needs.

Pricing

Bitwarden’s Business version is available in two plans, each with a seven-day free trial:

  • Teams Organization: $3 per user per month, billed annually.
  • Enterprise Organization: $5 per user per month, billed annually.

Features

  • As open-source software, Bitwarden provides full transparency into its codebase, allowing businesses to verify security measures and adapt Bitwarden to their specific needs.
  • End-to-end encryption ensures the utmost security for your business’s sensitive data and passwords.
  • Password generator feature creates strong, unique passwords to enhance your business’s security posture.
  • Secure password sharing allows teams to safely share access to systems and accounts.
  • MFA adds a layer of security, ensuring that only authorized users can access your business’s password vault.

Pros

  • Bitwarden’s open-source nature provides transparency and customization options, making it a trustworthy and adaptable solution.
  • Its end-to-end encryption, password generator, and multi-factor authentication features provide a high level of security.
  • The secure password-sharing feature enhances collaboration within businesses without compromising on security.

Cons

  • While Bitwarden offers a robust set of features, it may lack some of the advanced features found in premium, closed-source solutions.
  • Some users may find the user interface less polished or intuitive compared to other password managers.

Key features of enterprise password management software

When selecting enterprise password management software, there are several key features to look for, including multi-device syncing, dark web monitoring, SSO, and MFA. These features not only improve your company’s overall cybersecurity posture but also streamline the management of login credentials across your organization.

Multi-device syncing

Multi-device syncing is a crucial feature that ensures seamless access to passwords across all devices. Whether your employees are using desktop computers, laptops, tablets, or smartphones, their passwords are updated and accessible in real-time. 

This feature supports a modern, flexible work environment and ensures employees can access the resources they need from anywhere.

Dark web monitoring

Dark web monitoring provides proactive protection against data breaches. This feature scans the dark web for any mention of your company’s domain or leaked credentials. If a potential threat is detected, the software alerts you, allowing you to take immediate action to prevent a data breach.

Single sign-on (SSO) integration

SSO integration simplifies the login process by allowing employees to access multiple applications or platforms with a single set of credentials. This not only improves the user experience but also reduces the risk of password-related security issues, such as weak or reused passwords.

User management

User management features enable administrators to control who has access to specific passwords and resources. This can include adding or removing users, setting user roles and permissions, and monitoring user activity. 

Effective user management helps maintain tight control over your company’s data and aids in preventing unauthorized access.

Multi-factor authentication (MFA)

MFA adds an extra layer of security by requiring users to provide two or more verification factors to gain access to an account. MFA can be something the user knows (like a password), something the user has (like a physical token or a smartphone), or a different user identifier (like a fingerprint). 

MFA makes it much harder for unauthorized users to gain access, even if they know the user’s password. Note that two-factor authentication (2FA) is a subset of MFA.

Benefits of working with enterprise password management software

Using enterprise password management software provides a myriad of benefits to businesses of all sizes, from improved security and productivity to regulatory compliance and cost savings.

  1. Improved security: These tools use encryption to protect your data and offer features like MFA and dark web monitoring, which enhance security and help protect against data breaches.
  2. Increased productivity: By storing and auto-filling passwords, these tools save employees the time and frustration that come with forgetting and resetting passwords, allowing them to focus on their work.
  3. Ease of use: Most password managers are user-friendly and offer intuitive interfaces. This means less time spent training employees on how to use the software.
  4. Regulatory compliance: Many industries adhere to regulations that require specific protections of certain data. Password managers help ensure compliance with these regulations by securing access to this data.
  5. Cost savings: By preventing data breaches, password managers can save companies from the potentially significant costs associated with security incidents, including financial penalties, customer loss, and reputational damage.

How do I choose the best enterprise password management software for my business?

To choose the right password management software solution for your enterprise, you should consider the following factors:

  1. Size of your business: Some password managers are better suited for small businesses, while others are designed to handle the complexities of large enterprises.
  2. Industry regulations: Which data protection regulations apply to your business? If your business is in an industry with specific data protection regulations, ensure the password manager you choose helps you comply with these regulations.
  3. Features: Determine the features that are most important to your business. For instance, if you have a remote workforce, multi-device syncing may be crucial; if you use many different platforms, SSO integration could be a deciding factor.
  4. Budget: While cost should not be the only factor considered, it is important. Consider both the upfront cost and the potential return on investment in terms of increased productivity and prevention of data breaches.
  5. User-friendliness: The best password manager is one your employees will actually use. Look for a solution that is user-friendly and offers good customer support.

By keeping these considerations in mind, you can select a password management solution that not only enhances your business’s security but also supports your operational needs.

Frequently Asked Questions (FAQ)

How do enterprise password managers work?

Enterprise password managers work by storing all of your organization’s passwords in a secure, encrypted vault. Users can access their passwords with a single master password. Most password managers also offer features like password generation, automatic form filling, and secure password sharing.

Are password managers easy to use?

Yes, most password managers are designed to be user-friendly with intuitive interfaces. They often include features like autofill and auto-save, which make managing passwords simpler and more efficient.

Do password managers work on all devices?

Most enterprise password managers work across multiple devices, including desktop computers, laptops, tablets, and smartphones. They also typically support various operating systems, such as Windows, macOS, iOS, and Android.

What is two-factor authentication and why is it important?

Two-factor authentication (2FA) is a security measure that requires two forms of identification to access an account. It adds an extra layer of security by ensuring that even if someone else obtains your password, they would still need the second form of identification—like a fingerprint or a mobile device—to access your account.

Can password managers help with compliance?

Yes, password managers can assist with regulatory compliance. They help secure and manage access to sensitive data, which is often a requirement in regulations such as GDPR, HIPAA, and PCI DSS.

Methodology

The enterprise password management software solutions featured in this article were selected based on a comprehensive review of their features, user reviews, and overall reputation in the industry. 

We considered factors such as security features, ease of use, multi-device syncing. and more. Each product was evaluated for its suitability for different business sizes and industries, and the pros and cons were determined based on user feedback and reviews. 

Remember to always conduct your own research and consider your unique business needs when choosing an enterprise password manager.

Bottom line: Choosing an enterprise password management tool for your business

Choosing the right enterprise password management software is a crucial task for any organization. These tools not only simplify password management and enhance security but also help to maintain regulatory compliance. In this article, we have provided an overview of the top eight enterprise password management software options for 2023 based on their unique features and strengths.

Your final decision should align with your organization’s specific needs and budget. Remember, investing in a robust password management system now can save your organization from potential security breaches in the future.

Improve your organization’s overall security posture with one of the best enterprise network security companies.

The post 8 Best Enterprise Password Management Software for 2023 appeared first on Enterprise Networking Planet.

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