Large companies use enterprise-level password management solutions to enforce their password policies, improve productivity, and store the passwords of their employees and third-party contractors safely and securely.
There are many different enterprise password management solutions available, and while each has the same core functions the features and cost can vary considerably so it pays to do some research. The most expensive solutions are not necessarily the best. If you have yet to implement a password manager solution or are unhappy with your current solution provider, here is a brief summary of some of the best enterprise password manager solutions on the market to speed up your search.
- Bitwarden: Bitwarden is an open source password manager that has millions of users worldwide. The solution can be deployed in the cloud or hosted on-premises. This is a fully customizable solution that allows enterprises to configure it to suit their specific business needs. Features include adjustable password creation strength for automatic password generation, multi-factor authentication, and single-sign on (SSO) authentication. There is cross-platform accessibility on any device and the solution is available in around 40 different languages. Usability is rated as very good in independent reviews and it can be integrated easily with any LDAP-based directory. Another useful feature is a security review/audit of passwords to identify weak and reused passwords. The solution is competitively priced at $5 per user, per month.
- 1Password: This is a widely-used password manager, very popular with individual users. 1Password also features enterprise level functionality with 1Password Business that costs with the cost starting at $7.99 a month per user. This solution features a password generator, smartphone and desktops compatibility and other useful tools including activity tracking, preventative measures to tackle unauthorized access, custom roles and groups, biometric login options and multi-factor authentication. 1Password is renowned for being easy to use and quick to configure.
- Dashlane: This solution has unrestricted password storage and device syncing with prices starting at $5 per user per month on the Team plan and $8 per user per month on the Business plan – with a 30-day free trial. Features include compromised password alerts, two-factor authentication, and a public WiFi VPN. The Business plan supports SAML-based single sign-on (SSO). It is compatible with all major operating systems, including Mac, Windows, and Linux devices.
- HashiCorp Vault: HashiCorp comes with data encryption, identity-based access, and it is another open source solution. It is free to download for individuals, with quote-based pricing for larger enterprise accounts. Access to passwords can be automated and trusted identities can be authenticated on multiple clouds and endpoints. It is compatible with identity plugins like Okta, Google Cloud Platform, and SSH, as well as AWS and Microsoft Azure.
- CyberArk: There is a range of security tools available for CyberArk enterprise users including an endpoint privilege manager and a password manager. These can be implemented to store account credentials and SSH keys safely in an encrypted vault. An audit trail is also maintained to control and review all types of access. Additional tools include automatic credential rotation to refresh login details periodically. Improperly configured and unsafe access permissions are automatically detected via artificial intelligence. This solution was created specifically for enterprise users. Free trials are available for some of the solutions that can be made bespoke based on your organization’s specific needs.