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Top 11 Best Password Managers for Business in 2022

It is critical to utilise reliable company password management software to efficiently manage personnel working in a firm. This programme significantly minimises the likelihood of fraud and virus assaults for or a corporate firm. On the other hand, both the employer and the employee are relieved of the burden of dealing with difficult and significant passwords.

Why is it critical to utilise a Password Manager in the workplace?

Many large and small businesses are being targeted as a result of the fast expansion of cybercrime and other types of data breaches. As a result, it is critical to maintain the various passwords and other critical aspects that contribute to the basic operation of a company enterprise. Here are some advantages to utilising a third-party password manager:

  • It will address the issues of overused and weak passwords in order to decrease vulnerability.
  • A competent password manager saves the firm time when it comes to password resets.
  • Employees do not require any extra training to utilise the interface because it is simple to use.
  • It allows a centralised user to control security-related concerns with a single click.
  • The password manager may also save other vital information such as a website’s FTP data, Corporate Tax ID, personnel information, and so on.

So, if you’re looking for a corporate password manager for your own company, we must notify you that you’ve come to the proper location. We’ve highlighted some of the most competent and effective password management service providers you can rely on.

1. Dashlane

It is one of the most widely used enterprise password managers. It boasts the best security system in the industry, with AES 256-bit encryption and two-factor authentication. You will receive all of the functionality for your business to assist you in dealing with day-to-day security challenges.

Its distinctive features include an admin panel, management of rights and rules, remote account wiping, and many more. The password management solution, on the other hand, may be a little pricey for small organisations.

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2. NordPass

This is a robust password management solution that is used by the majority of corporate businesses. It is well-known for its strong security, simplicity of usage, and broad compatibility. Another appealing feature of NordPass is its inexpensive pricing, which is competitive in its market.

End-to-end encryption based on XChaCha20 technology is also provided by the password manager. It also includes biometric authentication and optical character recognition scanning.

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3. 1Password

It is a password management service provider that will safeguard your company’s credentials as well as your personal and family passwords. In addition, clients that choose a business plan are entitled to complimentary family accounts. Under 1Password, you may pick from three different options based on the size of your organisation.

A 1Password shared account also includes standard features such as two-factor authentication, administrator management, limitless shared vaults, and so on. However, the high cost of subscription plans may be a deterrent to utilising it.

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4. Keeper Business Password Manager

This corporate password management application offers best-in-class security solutions as well as low-cost subscription plans for small and medium-sized businesses. It also includes a professionally-managed customer care team, as well as a chat feature and training videos to assist you while using it. Furthermore, each employee can be given a personal password vault to maintain their credentials for office-related tasks.

Keep Business Password Manager also allows its users to manage their passwords and shared encrypted files. It also includes enterprise-specific capabilities such as an administrator control panel from which the administrator can simply enforce password security and execute other security audit activities.

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5. LastPass

If you want a corporate password manager with a plethora of business-specific features and a high-quality security foundation, LastPass is an excellent alternative. It is also a market leader in the provision of password management services. A business may benefit from the most useful feature, which includes password sharing and powerful administrator controls.

Additionally, the LastPass password manager includes all of the basic functions such as password creation, emergency access, one-touch login, auto-syncing, and other useful features.

Get it here

6. Sticky Password

Sticky password is another choice on the list of best corporate password managers that any firm may use to manage their passwords. It is a dependable and trustworthy organisation that has been servicing its customers for a long time.

With this great password manager, you will receive all of the fundamental functions such as password creation, one-tap login, password, autofill, and protected storage of credit cards and digital notes.

Furthermore, you will have an extra function of password sharing, which is an important part of commercial organisations. Finally, the membership levels offered by Sticky Password are reasonably priced.

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7. Roboform

Roboform is another another business password manager to consider for your company. Reliable organisation that also gives all of the essential features to its customers. The security system is also quite strong.

To provide a corporate touch, it also contains several business-specific capabilities such as emergency access and administrator management. The creative password manager, on the other hand, lacks certain complex capabilities but might be a solid solution for basic use.

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8. Password Boss

If you don’t like the options outlined before, our last inclusion is a low-cost password management service provider for organisations. It has all of the essential features that a password manager should have, such as end-to-end encryption, biometric authentication, and so on. You will also receive a dark web scanner to filter out all harmful trackers.

Overall, Password Boss is a dependable password manager with all of the necessary features. The subscription plans are also reasonably priced.

Get it here

9.  PassCamp — Extremely Intuitive Business Password Manager

PassCamp is the easiest-to-use password manager on our list. While several rival password managers, such as Dashlane and LastPass, offer user-friendly interfaces, PassCamp is so simple that I believe anybody could use it.

While I like the ease of use of PassCamp’s UI, which makes it ideal for quick setup and onboarding, I was disappointed by the lack of sophisticated functionality.

PassCamp lacks several of the capabilities that I would expect from a premium enterprise password organiser, such as dark web surveillance and VPN integration. It doesn’t even have a desktop app (all is done in the cloud). Having said that, it does include all of the basic password manager features, such as

10. Passwordstate — Great for Detailed Permission Controls

Passwordstate provides a plethora of authorization choices, giving enterprises a great deal of control over how passwords are maintained. I particularly enjoy the granular permission settings, which enable administrators to customise each user’s rights and access levels based on their position.

Passwordstate appears to have been built exclusively for companies, as opposed to some other corporate password managers, which appear to be personal password managers that have been uncomfortably moulded into a business version. Having said that, I don’t think Passwordstate’s dashboard is as user-friendly as Dashlane or 1Password.

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Passwordstate costs a one-time price for the programme, but there are yearly payments for upgrades, maintenance, and additional features. The Named User plan contains one installation for a predetermined number of users, whereas the Enterprise subscription includes an unlimited number of users. Passwordstate Global covers an infinite number of users and adds an unlimited number of system installations. There is also a Free for 5 People version that helps small organisations by providing full Enterprise capabilities for free for up to 5 users.

11. CyberArk — Advanced Password Management for Enterprises

 CyberArk is enterprise-grade software that focuses on safeguarding an organization’s IT infrastructure as a whole. Its functionality is sophisticated and necessitates a high level of technical knowledge. As a result, CyberArk is best suited for large businesses that require sophisticated tools to manage and safeguard vast amounts of sensitive data. If you’re searching for a password manager for a small or medium-sized business, Dashlane or Keeper are better options.

I chatted with a colleague whose business employs CyberArk in the financial services industry. According to him, CyberArk is the top pick among his IT staff since it provides a wide range of modern solutions that assist the organisation in remaining compliant with stringent data security rules.

How to Select the Best Password Managers for Companies in 2022

High level of security. A decent enterprise password manager should have high-security features such as two-factor authentication (2FA) and high-encryption (256-bit AES or better). Password management firms must also maintain active zero-knowledge measures to safeguard their users’ security and privacy. All of the goods on this list have been extensively tested to ensure that they do not have any vulnerabilities that might jeopardise the health of your organisation.

Setup and onboarding are simple. Business password managers must be simple to setup or provide expertise to assist with the installation of the programme on your company’s systems. They should also have easy dashboards that allow both technical and non-technical personnel to access all of the available capabilities. I put my top options to the test with my team members to check whether they were genuinely simple for everyone to utilise.

Admin privileges. Admin controls should provide complete visibility into how all workers manage their credentials and if they are adhering to standard security measures. All of the brands on this list feature some form of administrative controls that allow IT departments and other administrative employees to restrict specific types of access levels and establish essential security processes.

Features. The best enterprise password managers, such as Dashlane and 1Password, come with a plethora of features. These include fundamental password management capabilities such as auto-saving and auto-login, as well as sophisticated ones such as login security audits and safe password sharing. My colleagues and I hand-tested every feature of every product, and we all agreed on whether or not they were any good.

Value. A large-scale password manager is not inexpensive, and it should not be. However, there are numerous companies out there that provide very little value for exorbitant pricing. When compiling my top ten, I chose password managers that provide a wide variety of functions at a fair price. Furthermore, they all provide free trials, allowing you to directly confirm that they will work for you before you commit.

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