Best enterprise password managers for 2021

We compare the top 5 enterprise password managers and look at the features that protect your business.

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With cyberattacks increasing in both scale and sophistication, businesses today need to use every tool at their disposal to protect themselves. However, one of the biggest cybersecurity challenges that enterprises face is also one of the oldest – safeguarding passwords.

Several enterprise password managers solve this problem. Nevertheless, choosing the right one can be tricky. You need to consider each one's pros and cons, as well as which features align with your needs. Let's take a look at the top five.

Best enterprise password management apps for 2021

How we picked these password managers

Security, functionality and ease of use were the primary criteria used to select the enterprise password managers considered for this review. We looked at the cost of these services, where they stored passwords and if they could access your confidential information. Support for various devices and browsers, Multi-Factor Authentication, password sharing and reporting capabilities were also part of the review process.
Read more detail on our methodology below.

1Password Business

1Password logo

Pros

  • Easy management of people and teams
  • Dedicated business support
  • Administrator control can create different levels of access

Cons

  • No automated password changing feature
  • Limited text field options
Download at iTunes

Why we chose it

1Password Business comes with unlimited shared vaults and fine-grained access controls. An activity log that tracks changes and an account recovery option also form part of the business pricing plan.

Active Directory integration allows you to automate the provisioning and de-provisioning of users and groups. This enterprise feature gives you the capability to manage access by user, device and location. It's secure, scalable, easy to use and provides seamless password syncing for all users.


Bitwarden

Bitwarden logo

Pros

  • Open source
  • Paid tiers of service provide additional features at a nominal cost
  • The enterprise option allows you to commission an on-premise server

Cons

  • No live chat or phone support
  • Limited app functionality
  • Configuration can be tricky for non-tech-savvy users

Why we chose it

Bitwarden ticks all the boxes expected of an enterprise password manager. However, unlike the other services in this list, its code is open source, so anyone can review it and identify any potential risks.

The business plan offers personal emergency access, health reports and audit logs. It also allows you to create user groups, has API access to integrate custom solutions and a directory sync option to manage your users.


Dashlane

Dashlane logo

Pros

  • Slick user interface
  • Powerful dashboard
  • Free personal accounts for staff

Cons

  • Cost
Download at Dashlane

Why we chose it

Dashlane, like every other solution in the list, provides all the features one would expect of an enterprise password manager. It has an easy-to-use, slick interface and a feature-rich central dashboard. You can also manage permissions, set policies and remote wipe accounts.

It offers free premium personal accounts for users allowing employees to maintain a private and business space. The top tier also provides Single Sign-On (SSO) capabilities, so users can seamlessly access multiple systems and applications.


Keeper Business Password Manager

Keeper logo

Pros

  • Easy-to-use interface
  • Excellent policy management functionality
  • Easy to create teams and roles

Cons

  • Add-ons are expensive if you are not on the Enterprise plan
Download at Amazon

Why we chose it

Keeper offers a first-rate enterprise password management platform. It is easy to use, accessible anywhere and gives each user the capability to store items in an encrypted private vault.

The admin console provides integration into Active Directory and offers other advanced options. It provides fully customisable role-based access control, and administrators can view reports highlighting employee password security risks.


LastPass

LastPass logo

Pros

  • Offers a variety of business pricing options
  • Easy to use
  • Granular administrative controls

Cons

  • Top tier plans can be expensive for larger organisations
Download at LastPass

Why we chose it

LastPass offers all the core features of an enterprise password manager. Like many other candidates in the list, it provides a private vault for every employee, shared folders and a security dashboard.

The top tier of the LastPass business plan, Identity, offers a full Identity and Access Management solution. It allows you to configure SSO and conditional access policies so you can limit access from specific devices and locations.

Methodology

  • We've compared reviews from everyday business users and technology publications in determining this list of enterprise password managers.
  • Our editorial team has a combined 60+ years of experience writing about tech and reviewing the latest cybersecurity solutions.
  • The products on this list are chosen by our editorial team and are not selected based on commercial relationships.

What is an enterprise password manager?

An enterprise password manager is a software solution that stores your business passwords in a central, secure location. It also supports multiple users and typically has a robust reporting engine that identifies reused, weak and compromised passwords.


What are the benefits of using an enterprise password manager?

A robust password policy that requires a unique, complex password for every account is a vital component of any cybersecurity strategy. However, managing numerous complex passwords is not practical or straightforward.

Password managers solve this problem. They allow you to create unique, complex passwords for multiple accounts and store them in a secure, central location. As you only need to remember one master password, it reduces the risk of password reuse.

Free password managers may mitigate some risk, but they lack the central oversight and password sharing features found in enterprise applications. They cannot integrate into other systems or offer the policy creation and role-based access needed in a business environment.


How to compare enterprise password management software

As with any other technology, an enterprise password manager needs to align with your business requirements. When comparing the various offerings, it helps to have a list of features. Below are the key elements you need to consider when selecting an enterprise password manager for your business.

Cost. Depending on your enterprise password strategy's scale, price can be a determining factor. Most solutions work on a cost per user. If you are going to roll out a company-wide solution for every employee, the expense could be prohibitive.

  • Password storage location. Enterprise password managers store your encrypted passwords on-premise or in the cloud. Both options have their pros and cons. If you keep your passwords on-premise, backing up, maintaining and protecting your password vault is your responsibility. With a cloud-based service, managing that core function forms part of their obligation.
  • Private vault access. Vendors that store passwords on your behalf must maintain Zero-Knowledge protocols. Only an authorised end user with the master passwords should be able to decrypt and access your passwords.
  • Multi-platform and browser support. The enterprise password manager you choose must support the devices and applications you have in your business. It is also essential to plan for the future, so pick the solution that supports the broadest range of devices, browsers and apps.
  • Support for Multi-Factor Authentication (MFA). MFA adds another security layer that protects access to your information. In a business environment, enabling this feature enhances your data protection and meets your compliance obligations.
  • Password sharing capabilities. As administrators often need to access shared service accounts, your enterprise password manager needs to give users the ability to send and receive passwords securely.
  • Reporting. Access to real-time, validated security information is vital in any business. Without it, you cannot make informed decisions or mitigate any risks.
  • Ease of use. An intuitive, easy-to-use interface is no longer an option, but an essential requirement in modern business applications as it reduces staff training needs.

How secure are password managers?

Password managers are very secure. Every password manager, whether it is on-premise or cloud-based, encrypts your passwords. Should your data ever fall into the wrong hands, there is nothing anyone can do without the encryption key. Cloud-based enterprise password managers should also maintain Zero-Knowledge protocols. With this assurance, even though you store your passwords on their platform, no-one can access the information without the master password.


Bottom line

As most systems require a username and password, protecting these login credentials is vital. A unique, complex password for each one is the only safe choice. Selecting the right enterprise password manager must align with your business requirements. It should strengthen your security while making your life easier.

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