A password manager can be crucial to the success of any business, and for a few good reasons: it keeps your passwords safe, and allows you to reap the benefits of complex passwords without the trouble of remembering what each and every one of them is. Regardless of which password manager you use, there’s one thing which they all seek to accomplish; to improve your company’s security with multiple unique passwords, encrypted and managed securely through a complex master password.

Most solutions will provide a per user pricing, but many offer customized solutions specifically for use with your business’s needs in mind. To solve the security problem that many businesses have, password managers use encrypted databases to store passwords, which are then pulled as they’re needed. The majority of password managers are available across platforms, and are compatible with browsers that allow extensions. Many password managers also allow for additional security features, like two-factor authentication, as well as dedicated support when it’s needed. 

Despite commonalities and trends, not all password management software is the same, especially when it comes to the demands of enterprise level security. We’ll discuss the various strengths and weaknesses of four quality password managers with strong enterprise-level options, as well as what they can offer your business in terms of overall security and reliability.

Dashlane Business

Dashlane makes it easy to manage passwords, providing quick and efficient logins thanks to autofill. You can create complex, unique, random passwords within the app itself, and has browser extensions available for your preferred solution. Your credentials can be shared easily based on assigned levels of authority, and you can instantly sync passwords across your organization’s devices. A featured administration console allows you to check your employee security scores at a glance that can help you understand how employees use your credentials, and what you can do to improve security.

Dashlane sports end-to-end AES-256 encryption that can only be decrypted on an authorized device, making it an exceptionally secure tool. It also offers two-factor authentication, which adds a whole new level of security for those who need it. Dashlane has a free 30 day trial for 30 users, so if you’re curious about how it works, and how, why not check it out for yourself?

Keeper Security

Keeper Security focuses primarily on advanced security features, which allow your organization to protect against threats of all kinds. Keeper Security provides tools to allow for complex password generation, and reinforce password policies and password compliance through the use of advanced reports and audits. You can make password security a part of company culture through the use of reports, which allow you to see, at a glance, the state of your password security.

Additionally, Keeper secures more than just passwords. Your employees can store sensitive data in an encrypted digital vault, and share them with others quickly and efficiently. With the use of two-factor authentication, you can further cement password security as a cornerstone of your organization’s operations. Keeper Security partners with major technology companies, including channel partners like CDW, 3Eye, Internet2, and Shi, in order to provide your organization with the best security available.

LastPass Enterprise

LastPass is a major player in password management software, and is perhaps one of the most popular choices available. LastPass provides features such as user management, single sign-on, password management, directory integration, and more, all to provide a comprehensive password management solution to enterprises like yours. LastPass Enterprise offers a free trial, so you could always try it for yourself if you’d like.

However, you should also be aware of the security breach that happened last year, where users’ email addresses, password reminders, and other authentication information was stolen. While LastPass was confident that its encryption measures were strong enough to protect user data, it’s still worth mentioning that data breaches can still happen, even if you’re using a password management system. It’s still important to change your master password on a regular basis.

ManageEngine Password Manager Pro

ManageEngine Password Manager Pro offers many of the aforementioned services, including a centralized password vault for storing your credentials, shared administrative password resources, time-limited password access control, and active directory user importing, among many others. You can automate your password resets and reinforce password compliance on several different types of devices. These features barely scratch the surface of what’s possible with ManageEngine, so it’s best to look into it yourself and see what it can do for your enterprise.

Perhaps the most impressive part of ManageEngine is its client list; many organizations from several different industries trust ManageEngine Password Manager Pro with their password security. You can find a complete list here, but some of the highlights include IBM, Hewlett Packard, Cisco Systems Inc, Time Warner Cable, Walmart, and several notable universities from all around the world.

RoboForm Enterprise

RoboForm has long been lauded a quality password manager, and its Enterprise offering comes with many great features similar to the above mentioned password managers. RoboForm lets you use multiple complex passwords at once, and all you have to do is remember your Master password, which isn’t stored anywhere on RoboForm’s servers. You can add users to groups and then delegate credentials as needed, and implement two-factor authentication as you see fit. RoboForm is available on all recent versions of Windows and Windows Server, going back to Windows XP, as well as Mac OS X 10.6 and later, mobile devices, and all major web browsers.

Perhaps one of the most helpful benefits of RoboForm Enterprise is its collection of tutorials and user instructions, which can be found on RoboForm’s website. Users can find instructions on how to save and use new logins, enable or customize their RoboForm browser toolbar, and even set or change their Master password. This type of self-service can be helpful for enterprises that need quick and easy assistance with simple tasks.

FAQs for CIOs Seeking Password Management Software

Before investing in a password manager, you should be able to answer the following questions:

  • Is it designed for consumer or enterprise use?
  • What should my password manager be capable of?
  • What are some desired capabilities and features?
  • Which devices, and how many of them, are compatible with it?
  • Is it scalable for future use?
  • Is it easy to implement and use?

Regardless of which solution you decide on, you should keep the password management software’s primary objective in mind: the security of your credentials and sensitive data. Which password manager would you recommend? Let us know in the comments, and be sure to subscribe to our blog.