The number of online accounts and passwords organizations have to deal with has surged in recent years. This has not only increased the burden of password management but also resulted in some password security issues. A single incident of compromised log-in credentials in one account can put an entire organization and even partner vendors at serious risk. To simplify the password management process and mitigate password-related breaches, organizations now resort to enterprise password managers.
Enterprise password managers offer a secure, efficient and centralized platform to create, store and manage passwords, reducing the risk of unauthorized access and fostering regulatory compliance. This piece will explore the current top enterprise password managers, examining their key features, pricing, benefits and drawbacks.
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The table below is a comparison of the key features that can be found in every top-quality enterprise password manager.
| Multi-factor authentication | Centralized password vault | Password Sharing | Biometric access | Single sign-on | Pricing | |
|---|---|---|---|---|---|---|
| LastPass | Yes | Yes | Yes | Yes | Yes | Starts at $3 per month. |
| 1Password | Yes | Yes | Yes | Yes | Yes | Starts at $2.99 per month. |
| Bitwarden | Yes | Yes | Yes | No | Yes | Starts at $3 per user per month. |
| ManageEngine Password Manager Pro | Yes | Yes | Yes | No | Yes | Contact the vendor for a quote. |
| Dashlane | Yes | Yes | Yes | No | Yes | Starts at $2 per user per month. |
| NordPass | Yes | Yes | Yes | Yes | Yes | Starts at $3.99 per user per month. |
| Keeper | Yes | Yes | Yes | Yes | Yes | Starts at $2 per user per month. |
| Zoho Vault | Yes | Yes | Yes | Yes | Yes | Starts at $0.9 per user per month. |
Here are our picks for the 8 best enterprise password managers in 2023.
LastPass offers a range of features and tools to enhance security and streamline password management in a business setting. With LastPass, administrators have centralized oversight over employee passwords through a central console. With this feature, admins can easily enforce strong password policies, provision and deprovision users, monitor access to sensitive information and produce security reports.
The solution also supports passwordless authentication by allowing employees to decrypt their vault using the LastPass Authenticator app instead of using their master password. LastPass Business integrates seamlessly with popular single sign-on solutions, providing a convenient and efficient way for employees to access multiple business applications with just one set of log-in credentials. It offers multi-factor authentication and the ability to manage access to specific websites or resources on an individual or group basis.
Figure A
LastPass offers two main pricing categories.
Single users and families (offers a 30-day free trial)
Business users (offers a 14-day free trial)
View: Bitwarden vs LastPass
See also: Password manager cheat sheet
1Password is an enterprise password management solution that offers various security features and functionalities. Some of its password management features include clipboard management, which allows users to automatically remove passwords from their clipboards, automatic lock during periods of inactivity and phishing protection for safeguarding against fraudulent websites and emails. 1Password also provides vulnerability alerts to notify users of potential security risks, enabling them to take appropriate action. With 1Password, organizations can set up a shared vault for team access. This allows users to share passwords with team members when necessary. In addition, users can also stream security events on 1Password to their preferred security information and event management tool for better visualization and analytics.
Figure B
1Password offers four pricing options with a 14-day free trial.
Bitwarden offers a range of specific features that make it a comprehensive password management solution for enterprises. Administrators have access to advanced tools such as user management, where they can easily add, remove or modify employee access to credentials. The solution also includes secure password sharing that allows teams to collaborate and share log-in information securely. Bitwarden also integrates seamlessly with single sign-on providers like Okta and Azure Active Directory, streamlining the log-in process for employees across multiple business applications. With Bitwarden’s advanced security features, such as two-factor authentication (2FA) and the option to enforce policies like master password strength, member roles and permissions, organizations can enhance their overall security posture. Additionally, Bitwarden offers comprehensive audit logs and reports for easy monitoring of user activity and maintaining compliance.
Figure C
Bitwarden offers two main categories for pricing with a 7-day free trial.
Business
Personal
ManageEngine Password Manager Pro allows enterprises to securely store and manage shared sensitive information, including passwords, documents and digital identities, in a centralized vault. An “automatically reset” feature allows users to reset the passwords of servers, databases, network devices and other resources easily. With this tool, users can log in to systems, websites and applications automatically from the PMP web interface without needing to copy and paste passwords manually. Additionally, ManageEngine enables both preventive and detective security controls by using approval workflows and real-time alerts for password access. ManageEngine PMP also allows users to import user groups from Windows Active Directory or LDAP and make use of its authentication system.
Figure D
Contact ManageEngine Password Manager Pro to get a quote.
Dashlane is a password management tool that allows users to access and manage passwords across different devices and platforms. It has an unlimited secure password-sharing feature that allows users to share passwords while maintaining total control. This means that access to shared passwords can be revoked at any time. For enhanced security, the tool includes dark web monitoring and the ability to auto-send alerts in case of a data breach. Additionally, Dashlane allows users to generate strong passwords with a single click and automatically fills them in whenever needed, streamlining the log-in process. Dashlane also integrates with popular identity management solutions like Okta, Duo and OneLogin.
Figure E
Dashlane offers two main categories for pricing.
Business use
Personal use (billed annually, where applicable)
View: Dashlane vs 1Password
NordPass’s password manager helps users check for leaked data, identify vulnerable passwords and recommend stronger ones, share passwords and passkeys among teams and provide an option to protect accounts with biometric security. The shared folders feature allows team members to securely share company information and sensitive data stored in their vaults, making it easy to collaborate across teams. With its cross-device and browser compatibility, businesses can easily sync their passwords across computers, tablets or phones and all popular browsers. In addition, the solution can help users detect passwords stored in their browsers automatically and import them instantly into the software.
Figure F
NordPass for business offers two categories of pricing with a 14-day free trial.
Keeper is a password management solution that offers encrypted vaults for every user. It provides users with an organizational structure with folders and subfolders, along with shared team folders. With Keeper, users can access their encrypted vaults from an unlimited number of devices. In addition, Keeper has a policy engine and enforcement feature that guarantees compliance with security protocols, while its Security Audit and Activity Reporting features offer insights into password usage and user actions. There is also BreachWatch, a dark web monitoring feature that constantly scans employees’ password vaults for passwords that have been exposed to the dark web and alerts security teams for immediate response.
Figure G
Keeper offers three categories for its business and enterprise pricing, with a 14-day free trial.
Organizations
View: Keeper vs LastPass
Zoho Vault uses AES 256 encryption for all user passwords and allows users to store unlimited passwords, both personal and enterprise, in one vault. It automatically logs users into saved websites and auto-fills passwords with a single click. Additionally, Zoho allows users to define user roles and manage access privileges as necessary. It supports team collaboration with its secure password-sharing feature, which allows users to share passwords across groups. With Zoho Vault, users can set up a password policy and create custom alerts.
Figure H
Zoho Vault offers four pricing plans with a 15-day free trial.
See also: Best password managers for Mac and iOS
Below are the key features to look for when choosing enterprise password managers:
Administrators have the ability to define specific access controls within the password manager, determining who can access particular passwords and sensitive information. This ensures that only authorized personnel can access critical accounts and data, reducing the risk of unauthorized access and potential breaches.
Detailed audit trails help track password-related activities, providing administrators with visibility into password usage, changes and other relevant actions. These logs promote accountability, facilitate compliance auditing and help identify suspicious activities.
With SSO, employees can access multiple applications and services using a single set of credentials. This helps improve convenience and user experience while maintaining security.
In enterprise environments, teams often need to share passwords for shared accounts or projects. This feature allows authorized users to securely share passwords with colleagues or teams.
MFA adds an extra layer of security by requiring employees to provide additional verification, such as a fingerprint scan, hardware token or one-time password, in addition to their password. By integrating MFA, enterprise password managers enhance the overall security of the authentication process, making it significantly more difficult for attackers to gain unauthorized access, even if passwords are compromised.
When choosing an enterprise password manager for your business, consider the following factors:
Look for a password manager that implements encryption and follows industry best practices for data protection. Consider features such as end-to-end encryption, strong encryption algorithms and secure password-sharing mechanisms.
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 identity management solutions.
Evaluate the scalability of the password manager to ensure it can accommodate the number of users in your organization. Check if it provides user management capabilities, such as user roles and permissions, to facilitate efficient administration and access control.
Choose a password manager with a user-friendly interface to ensure easy adoption by employees. Consider features like browser extensions, mobile apps and offline access options to enhance accessibility and usability.
For businesses operating in regulated industries, ensure that the password manager provides audit logs, reporting features and compliance with relevant security standards. These capabilities are essential for demonstrating compliance during audits and maintaining regulatory requirements.
To curate a list of the best enterprise password managers, we looked at some important features that every password manager should have for enterprise purposes. We prioritized products that offer features such as SSO, password sharing, multi-factor authentication, centralized password management and cross-platform compatibility. We also gathered more information from each vendor’s website and checked out some video demos and user feedback from third-party review platforms.
