Best Business Password Managers in 2023

You probably already know that the majority of company-wide data breaches happen due to weak and reused passwords. Luckily, you can significantly reduce the probability of such events if you get the best business password manager.

The keyword here is best. Only top-tier password management service providers can offer the security and flexibility that all companies need.

Our experts have carefully tested a number of different business password vault options and selected only the most secure, efficient, and reliable ones. Here you will find a detailed list of the top business password managers in 2023.

Top 5 enterprise password managers

1. NordPass – best business password manager
2. RoboForm – top service for managing passwords across business teams
3. Keeper – most secure password vault for companies
4. Dashlane – flexible and safe business password vault
5. 1Password – best paid business password management service

Best business password managers – our detailed list

Finding a business password manager that suits your company's needs might be a real struggle. Each one of them offers slightly different functions and possibilities to scale. For that reason, we have completed the research for you.

Here you'll find the list of best business password managers. Additionally, we've included all the necessary information about their features, subscription plans, and compatibility.

1. NordPass – top business password manager in 2023

Subscription plans:	Business, enterprise
Free version:	Yes
Platforms:	Windows, macOS, Linux, Android, and iOS
Current deal:	🔥 Get NordPass now! 🔥

Visit NordPass

NordPass is one of the best password managers for business. It ensures easy and secure logins for employees, as well as quick and safe group password sharing.

This business password manager is designed for a company of any size – you get unlimited users and password storage. All sensitive information is encoded using the top-tier xChaCha20 encryption protocol for maximum protection.

Additionally, it supports two-factor authentication (2FA) and identifies weak, reused, or old passwords to boost your company’s security even more.

It’s good to know that NordPass also has a data breach scanner to monitor the web for leaked information. If any of your company’s sensitive data is found online, you would immediately be informed about the breach.

Keep in mind that this password manager for business is easy to integrate and even keeps user activity logs. You get a complete overview of actions performed by all of your employees within a few clicks.

NordPass pricing plans for business start from $3.59/month per employee. You can self-checkout for up to 250 members, or schedule a 30-minute demo call to discuss the pricing options for enterprises.

If there are any issues with the application or you have general questions, NordPass provides premium 24/7 customer support that you can use whenever needed.

Check out NordPass to find out more about its features.

2. RoboForm – best password manager for large corporations

Subscription plans:	Business, enterprise
Free version:	Yes
Platforms:	Windows, macOS, Android, and iOS
Current deal:	🔥 Get RoboForm now! 🔥

Visit RoboForm

RoboForm is a great password manager for medium and big companies. It has the centralized employee onboarding and policy deployment features to help manage large numbers of people.

You can easily create individual accounts or password vaults for all employees at once by using a CSV file import option. Users can store logins to websites and applications, contacts, bookmarks, and other business-related data. All of which is securely shareable across teams.

RoboForm allows admins to easily monitor and customize access to passwords and secured files based on the employee’s role. It also supports the single sign-on (SSO) feature that makes access to multiple independent platforms with a single ID possible.

Apart from that, company admins can customize and set security policies for business teams or the entire enterprise. The number of administrative accounts is neither limited, nor charged with additional costs.

Another great perk of this business password manager is a dedicated tech support based in the USA. The support team is always ready to provide help via phone or chat.

You can get RoboForm for business from $22.95/year per user. It offers 1-year, 3-year, and 5-year subscription packages which are priced based on the number of employees. Also, each plan comes with training webinars and materials to help you get started.

Check out RoboForm to read more about its features.

3. Keeper – premium security features for business password vaults

Subscription plans:	Business, enterprise
Free version:	Yes
Platforms:	Windows, macOS, Linux, Android, and iOS
Current deal:	🔥 Get Keeper now! 🔥

Visit Keeper

Keeper password manager offers excellent security and management services for businesses. It’s tightly packed with numerous useful features to help companies easily access sensitive information from the inside. Yet, keep passwords protected from the outside.

It provides private vaults for each employee to securely store and access passwords, private client data, and important files. This password manager employs zero-trust and zero-knowledge architecture, so no one, except you and employees, have access to the stored information.

Additionally, it has a dedicated admin console that distributes and manages Keeper accounts within your company. You can enforce password security, 2FA, or fully customize role-based access to sensitive data.

There’s also a possibility to perform password security audits and get comprehensive reports. You can see which passwords do not comply with the highest security standards and immediately use the password generator to create strong and unique replacements.

All of these useful features cost $1.75/month per user and are billed annually. You can directly purchase the password vaults for up to 100 employees on Keeper’s website. If your company is larger, you should contact the sales for best deals.

Visit Keeper password manager to learn more about its features.

4. Dashlane – keep personal and business password vaults separate

Subscription plans:	Team, business
Free version:	Yes
Platforms:	Windows, macOS, Android, and iOS
Current deal:	🔥 Get Dashlane now! 🔥

Visit Dashlane

Dashlane is an easy-to-use password manager that is highly flexible. Its Smart Spaces feature is great for managing business passwords, while also giving the opportunity to have a separate password vault for personal use.

Employees get individual password health scores for personalised protection – an overview of weak, reused, and compromised passwords. Also, they can securely share encrypted information with teammates to minimise the risk of data leaks.

Moreover, Dashlane is compatible with SSO integration, so employees can simplify their sign in processes and improve work productivity.

It’s important to note that this password manager has an admin console that is truly one of a kind. Business admins can directly pinpoint password-related problems, make a call for action, and monitor the changes.

When talking about security, Dashlane uses AES-256 encryption and has both two-factor authentication (2FA) and universal two-factor authentication (U2FA) options. So, your company gets multiple layers of protection.

While this password manager is not the cheapest one with a price starting from $5/month per employee, you can first try its service free of charge. The free trial setup takes merely 3 minutes.

Visit Dashlane to find out more about its features.

5. 1Password – offers free family accounts for all employees

Subscription plans:	Team, business, enterprise
Free version:	Yes
Platforms:	Windows, macOS, Linux, Android, and iOS
Current deal:	🔥 Get 1Password now! 🔥

Visit 1Password

With 1Password, you can enjoy the work-life balance as it is not only a reliable business password manager, but also provides free family accounts for all employees. Apart from that, it offers numerous other perks that are related to a company’s password security.

One of its biggest advantages is an easy integration of most widely used work applications. With no major efforts, employees can make quick and secure sign-ins on all popular platforms.

It also offers an option to delegate administrative responsibilities to trusted members and customize user access. You can manage who can obtain sensitive information and set permissions by category – individual user, team, or vault.

1Password even allows you to create guest accounts that automatically expire after a specified period of time. It encrypts all passwords and files not only when stored on the vault, but also when in transit. So, your company can be protected at all times.

Additionally, there’s an option to get custom reporting to identify potential information security threats before they happen. This business password manager continuously checks for data leaks and automatically calls to secure exposed data points.

Business owners can get 1Password from $7.99/month per user. Also, there is a free 14-day trial that you can use before purchasing a subscription plan.

Visit 1Password to learn more about its features.

6. LastPass – manage all business passwords from a single place

Subscription plans:	Team, business
Free version:	Yes
Platforms:	Windows, macOS, Linux, Android, and iOS

Visit LastPass

LastPass is a truly professional tool to help you control all business passwords from one place. It enables simple sign-ins and quick password sharing among an unlimited number of company’s members.

Its admin panel also offers a bunch of useful features: reports on employee password management behavior, 100+ customizable security policies, and multi-factor authentication (MFA).

Another great aspect of LastPass is the SSO feature that enables multiple platform sign-ins with a single ID. This business password manager already has over 1,200 pre-integrated applications to choose from.

However, LastPass Business plan only gives 3 SSO apps with MFA. If you want unlimited access, you must pay a little extra.

In terms of protection, this password management software uses AES 256-bit encryption and operates under zero-knowledge security policy. In other terms, neither this company, nor anyone unrelated to your business can access your company’s data.

Additionally, LastPass performs dark web monitoring to check whether any of the sensitive employees’ information has been leaked. If so, dedicated admins get immediate notifications to address the issue and avoid further damage.

The cost of this password manager for businesses starts from $6.00/user/month and has a 14-day trial that is free of charge. You can also get extra features for an additional monthly price per user.

Visit LastPass to check its features and pricing plans.

7. Zoho Vault – cheapest password manager for enterprises

Subscription plans:	Team, enterprise
Free version:	Yes
Platforms:	Android, iOS and browser extensions for Chrome, Firefox, Safari, Edge, Brave, and Vivaldi

Visit Zoho Vault

If you’re looking for a very affordable password management solution for your business, Zoho Vault is the one. It has multiple different subscription options that provide different features for simplified sign-ins and password sharing.

It offers dedicated password vaults for teams with access to relevant credentials. You can add user accounts in bulk by using Active Directory or LDAP and control role-based access via the centralized admin panel.

Just as any reputable enterprise password manager should, Zoho Vault provides rock-solid security with multi-factor authentication (MFA). Additionally, it offers hassle-free logins for employees with the single sign-on (SSO) solution.

It’s also good to know that this password vault has comprehensive security reports on user access, sharing behavior, and password hygiene. If you have any suspicions, you can easily grant or revoke access to any account.

Additionally, all stored information on the password vault is encrypted with AES 256-bit cipher. Zoho Vault has been successfully tested against various vulnerabilities like cross-site scripting (XXS) or SCL injection. So, your data is safe with it.

Zoho Vault is the cheapest business password manager on this list. Its price starts from $0.90/month per user. However, you only get advanced features with its premium enterprise subscription packages – try them for 15 days with no charge!

Check out Zoho Vault to learn more about its features.

8. Passbolt – customizable business password vault

Subscription plans:	Business, enterprise
Free version:	Yes
Platforms:	Browser extensions for Chrome and Firefox only

Visit Passbolt

Passbolt is an open-source password manager that IT professionals can easily customize according to their business needs. It’s a great tool if your company needs flexibility, simplicity, and quality services.

If you’re concerned about security, this password manager offers multi-factor authentication (MFA) to add an extra layer of protection to your data. You also get access to the admin panel to manage users, groups and access to private or shared folders.

The general features of Passbolt work well. You can organize your passwords with tags, as well as securely share them with teammates. However, the password vault doesn’t allow you to store important files and notes. This feature is still in the development stage.

Keep in mind that you can choose whether to self-host Passbolt on your servers or use their cloud services. The price starts from $15.00/month per 5 members. You can self-checkout for up to 250 users or get in touch with the sales department to get tailor-made offers for larger enterprises.

If you’re unsure whether this business password manager is the right fit for your company, you can fill a free trial request form and try it first.

Visit Passbolt to find out more about its features.

How we selected and tested these password managers

All business password managers differ in terms of their service quality and available features. We have carefully tested dozens of them and picked only the premium services.

The listed password management tools for business were selected based on the following criteria:

• Impeccable security. Security is the number one priority for businesses. Likewise, the selected password managers offer nothing less than military-grade encryption and multiple layers of protection to ensure all-round security of your enterprise.
• Scalability and integration. The dynamic nature of businesses require flexible solutions and easily scalable products. Our chosen password managers give the possibility to quickly adjust resources according to your business needs. Additionally, they support the most popular help desks to improve employee productivity.
• Export/import options. The number of passwords used across enterprises is enormous. Thus, we picked password managers that give a wide selection of export/import options for a quick and efficient solution. It’s highly important if you decide to switch from one service provider to another or you need to act quickly in emergency situations.
• Value for money. Password management solutions for businesses usually require more resources and customization which, in turn, lead to higher prices. However, we have selected password managers that have great price/quality ratios and offer flexible subscription plans.

What to look for in a password manager for business?

It doesn’t matter if you have just started or have been looking for a good business password manager for a long time now – there are so many of them that it’s quite hard to choose the one.

While all of them offer at least the basic password management features, there are quite a few other things you should look for in a business password manager, if you want to pick a good one.

First and foremost, you should seek top-tier encryption solutions and two-factor authentication options. These features are essential for mitigating the risk of data breaches and ensuring all-round security of your enterprise.

Additionally, reliable password manager providers must ensure that only you would have access to your vault. This security practice is often referred to as zero-knowledge architecture. So, definitely check if your chosen business password manager operates under one.

Other attributes of a premium system should help you and your team to improve productivity. You should be able to quickly share passwords and easily manage user access. These attributes allow you to always know who has access to the most important business information.

Last but not least, top password management solutions for enterprises almost always support the single sign-on (SSO) feature. It provides hassle-free logins to the most commonly used work applications and is definitely something you should want to have in a business password manager as well.

Why do businesses need a password manager?

The majority of cyber attacks and big business data leaks happen due to weak and unprotected passwords. Strong password management tools are essential to mitigate these risks for both small and medium enterprises.

They can help you avoid huge financial losses from ransomware attacks by performing continuous administration and monitoring of password security and visibility.

Usually, the best tools even include dark web scanners to identify potential data leaks. If it appears that some of your passwords are weak or exposed, you’ll be immediately notified and provided with the stronger password options.

Always keep in mind that reliable password management systems are essential to gain full control over confidential information within the business and reduce the risks of data breaches.

Business vs personal password managers

It’s important to keep in mind that personal and business password managers are not the same. They differ in terms of the specific features, scaling capabilities, and pricing.

Personal password managers are designed to help individuals, while tools for businesses are adaptable for large groups of people.

A good enterprise password manager provides secure group sharing features among company teams and has role-based access permissions. Additionally, you get an unlimited number of admins to help you manage information access across the groups.

Moreover, unlike tools for personal use, business password managers support auditing and give the possibility to make advanced reports. Such options are essential for almost every company, just as the dedicated tech support that you also get with the subscription plans for enterprises.

Evidently, these tools include much more features than personal management applications. So, don’t be surprised and even expect them to have relatively expensive pricing plans.

Conclusion

Due to the number of passwords and other credentials used in business, it is nearly impossible to manage them manually. Employing a password management solution can significantly improve employee productivity and boost your company’s security.

The best business password managers offer simplified sign-ins, secure password sharing, and multiple layers of other data protection. You can get all of these perks with NordPass and RoboForm.

They have flexible subscription plans which allow you to pay for only as much as you intend to use. In other words, you pay a monthly fee per user and can easily upgrade if your business grows.

It’s good to know that these password managers have demo versions. You can request one and try the service for free. This way you’ll be able to pick the best business password manager for your business.

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