The 5 Best Enterprise Password Management Software

Password management is a crucial part of handling business with steady peace of mind. With hackers and lost password resets being common problems, and some enterprises even facing the carelessness of employees, it’s clear that protection of these passwords means protection of your business.

Enterprise password management software can make all the difference here. These programs are designed to provide access of the most secure varieties to employees, end-users, and even third-party contractors that may have to implement over your network or use your terminals to check progress on their work. In any such case, rather than handing someone a password and going “on the honor system”, you can instead rely on software to monitor the usage of credentials, manage access for individual user types, and even create alerts based on what type of activity might be taking place, before it ever has a chance to cause security issues.

While many such programs are simply powerful consumer-level platforms, others are designed specifically to serve and meet the needs of enterprises. If that’s what you’re looking for, look no further: the following are five of the programs best suited to enterprise-level password protection.

LastPass Enterprise

It’s a free password manager at first glance, and with its user-friendly UI, few would guess any differently. However, LastPass is designed with more in mind: with plans aimed at small teams and enterprises alike, you can utilize this platform to manage and centralize access from one IT control hub, monitor dark web activity, and even remote access work-based tools for companies with teams working from home.

What’s more, the value of this platform more than outweighs its cost, whether you’re just using the Teams plan at $4 per user per month, or whether you plan on having the enterprise features and authentication tools packaged together at $8 per user per month. Your goal with LastPass is to offer access without breaking the system — and that’s exactly what you’re able to do with these plans.

From storing digital records to sharing password access, to the remote work features that are becoming all the more important in this day and age, LastPass is a clear contender for any team needing tools that support them in keeping their business safe and secure.

Keeper Business

Mitigating risk. That’s what Keeper Business is all about. When it’s between you, your data, and a flawed protection protocol, Keeper is the missing component that keeps you and your business from being victimized online or elsewhere. With Keeper Business, users are able to trust a zero-knowledge security architecture. Keeper doesn’t keep your information — in fact, it doesn’t even know your information. With private, encrypted vaults for each user to store said info and compliance with the highest network security standards, industries of all types are able to keep their data safe with Keeper. That means even the most sensitive governing standards, like HIPAA and GDPR, are smartly and safely followed.

You can even add on other protections and features, such as encrypted messaging between team members, or even a dedicated onboarding system. Role-based access controls and client-facing protocols make this tool the most ideal for sharing access with small and large teams alike, and with an insanely low rate starting at $45 per user per year, the software appears to be a… well, a keeper.

1Password Business

One of the most popular tools on the market today, 1Password is a software that includes the expected features, like password generation and document storage, but the Business plan is where the magic happens. With custom roles and groups for access and other definitive organization as needed, 1Password business makes it easy to monitor and control the ins and outs of your company’s assets, especially with their app integrations for multi-factor authentication or their biometric login security features.

1Password offers their Business plan at $7.99 per user per month, and with it comes unlimited password storage and device syncing capabilities. It also rolls out a specific password manager account to each user you give access to, while the central account handles the specifics of authorization and activity to make sure that your business is safe, even from the inside.

HashiCorp Vault

The individualized password manager may not be the right thing for you. Instead, you might be looking for enterprise password management (EMP) software that uses APIs and automated protocols on various endpoints to create access for your enterprise’s users. If so, HashiCorp Vault is for you. This open source program is free for people to use, but when looking for the features designed for an enterprise account, it’s best if you reach out directly for a quote.

While this software lacks a “password manager” in the traditional sense, its use of high-level data encryption protocols, identity-based access, and disaster recovery make it a much-loved alternative to some of the platforms that act more like consumer-level protection than they do curated, business-specific programs.

SolarWinds Passportal

Another SOC 2 certified security software offering personal password vaults to team users, Passportal offers free trials for new enterprise accounts before levying prices starting at $18 per user per month. This program allows you to take charge by automating password renewals, granting or revoking account access remotely, and even maintaining security audits as needed for the peace of mind you need to keep your business running.

With both document and password management protocols being easily secured with AES 256-bit data encryption and a Passportal Blink feature, which allows selected users to reset passwords as needed, this program makes a great case for itself on the market as another solid EMP software.