To maintain and distribute company passwords, we’ve been utilizing a Google spreadsheet that has all of our company logins. However, I felt it was time to look for a reliable company password organizer that would be superior to a spreadsheet given that this is both unsafe and inconvenient.
Several hundred people work for our organization, which has departments spread across a variety of industries. We depend on our internet accounts for communication, project management, and work-related tools since we are a remote-based firm with employees located all over the world.
I believed finding the best password managers for businesses would be simple after examining the best password managers for personal use. But the majority of the business password managers I tried left me feeling quite underwhelmed because they didn’t provide many advantages above a spreadsheet. Either that, or they were simply too complicated for usage by the typical IT department, too expensive, or both.
However, I was able to identify 10 password managers that provide a good selection of functionality for companies of all sizes.
These include things like:
- Superior security (high encryption, multi-factor authentication, etc.).
- Features like auto-saving, auto-filling, and password generation are necessary.
- User-friendly employee and admin dashboards.
- Systems for quick and simple onboarding.
- Features that are designed specifically for businesses, such as single sign-on (SSO) choices, Active Directory integration, and customized security settings.
You’ll discover a product on our list that’s perfect for you and your employees, whether you’re searching for a password manager for a small or medium-sized business or enterprise-grade software for a firm with thousands of employees.
Best business password managers in 2022
We have compiled a list of the best business password managers, lets’s have a look at the list given below.
Advanced two-factor authentication (2FA), secure password sharing, and dark web surveillance are just a few of the many features that admins and team members can take advantage of with 1Password. It is also highly safe and simple to use. One feature of 1Password that I really appreciate is the ability to link third-party apps in order to add new users and manage their accounts. For instance, I could easily invite everyone to 1Password via Slack and keep track of when they signed into their 1Password accounts after I connected my team’s Slack account to 1Password.
Dashlane includes all the features, including 256-bit AES encryption, a large feature set, an intuitive employee dashboard, and a well-designed and simple-to-use admin portal, that both small and large enterprises require to secure and manage their credentials. It’s simple to integrate Dashlane with an organization’s computer systems; my IT staff had no trouble getting it up and running. They particularly loved how easy it was to control employee account access and make sure everyone was using strong passwords thanks to the admin console.
Of all the password managers I tried, LastPass’ admin panel boasts one of the easiest user interfaces. I didn’t need much IT knowledge to add new team members and enforce particular security settings (like requiring everyone to use multi-factor authentication). It was very simple to integrate the program with my company’s active directory software. Additionally, LastPass has a huge selection of user-friendly admin features that are all simple to locate, comprehend, and employ.
Keeper is a very user-friendly and secure password manager that offers a variety of sophisticated integration and admin customization options. Additionally, Keeper’s encrypted chat app (KeeperChat), which facilitates safe and convenient team communication, can be added to your company plan. One of my coworkers suggested that I install KeeperChat and set up various group conversations for various teams, such as marketing, IT, and HR.
Compared to other enterprise password managers available on the market, RoboForm has the best auto-fill features. It worked flawlessly when I tested it with a variety of web forms, including legal documents, registration forms, and various social network logins. RoboForm beat the competition in terms of auto-fill features, handling complicated legal documents better than even top brands like Dashlane and 1Password.
The most user-friendly password manager on this list is PassCamp. While several rival password managers, including Dashlane and 1Password, have user-friendly interfaces, PassCamp is so intuitive that I believe anyone could use it. Although I adore PassCamp’s user interface’s simplicity, which makes it a wonderful choice for quick setup and onboarding, I was somewhat let down by the software’s dearth of advanced functionality. PassCamp lacks several of the capabilities, such as dark web surveillance and VPN integration, that I would like to see in a high-end commercial password manager.
Password Boss is a user-friendly password manager with a good selection of features and an easy-to-use admin panel. During my testing of Password Boss, I had no trouble using the admin dashboard or adding new team members. Connecting Microsoft Active Directory and Azure was simple, and setting security policies was as well. However, I would want to see more solutions for AD and SSO connections, such as Okta (which my IT team prefers to use). Okta integration is offered by 1Password, Dashlane, and other renowned companies.
Businesses have a great deal of control over how passwords are maintained thanks to the extensive permission choices that Passwordstate offers. I particularly appreciate the choices for granular permissions, which let administrators adjust each user’s access levels and permissions based on their position.
Enterprise-level software called CyberArk is dedicated to protecting an organization’s complete IT infrastructure. It has sophisticated functionality and necessitates a high level of technological expertise. Thus, major businesses that require sophisticated tools to manage and secure a significant volume of sensitive data are best suited to use CyberArk. A simpler choice like 1Password might be preferable if you’re searching for password management for a small or medium business. I talked to a coworker whose financial services business makes use of CyberArk.
10. Sticky Password
A good solution for smaller organizations seeking a straightforward, user-friendly company password manager is Sticky Password. Its user interface lacks the same level of design quality as other companies on this list and is a touch pixelated. Having said that, I appreciate that Sticky Password offers a variety of admin options to make sure all team members’ passwords are secure, such as when establishing master password requirements.
Are password managers secure enough for businesses?
Yes, in general, password managers are safe enough to guard the passwords of a company. The majority of password managers employ robust encryption, uphold zero-knowledge principles, and offer additional security features like MFA and cross-platform sharing. Some reputable companies, like Dashlane, even include VPNs.
The strong solutions on this list of password managers were all designed with security in mind. And the businesses creating these technologies are well-known names in cybersecurity. Therefore, until they have a secure password management system, enterprises aren’t actually secure.
What’s the best password manager for businesses?
My favorite is 1Password Business since it’s safe, simple to use, and has lots of features for both end-users and administrators. SSO (single sign-on) and active directory software integration are additional 1Password capabilities that can help your company better control how team members use the password manager.
There are, however, many other excellent enterprise password managers that provide various functions according to the requirements of your company.
Does my business really need a password manager?
I would advise you to try a password manager if your company manages more than a few passwords. Not only for convenience but also for security.
All of your company’s login information will be stored by password managers. In a secured environment created to make everything simpler, safer, and more practical. They draw attention to weak and compromised passwords as well as security holes in protocols. Some, like Keeper, even notify you when data breaches occur that reveal information that could compromise your firm.
How much does a business password manager cost?
The cost of your password manager will generally depend on the size and scope of your organization. Which will also affect its size and scope.
However, there are numerous inexpensive choices you may test if your small business. Only requires the most fundamental password management functions. Such as password storage, auto-fill functionality, and password sharing.
However, it’s great if your password manager is adaptable enough to scale with the expansion of your company. From tiny teams of fewer than five to huge organizations with hundreds of employees. Top password managers like 1Password and Dashlane have great features for everyone.