10 Best Password Managers for Businesses in 2024

Hazel Shaw
Updated on: November 28, 2024 Managing Cybersecurity Editor

I wanted to find the best business password managers on the market in 2024, so I started researching and testing dozens of products. Many were disappointing, offering little improvement over a basic spreadsheet, and others were really expensive, or way too complicated for the average business to incorporate.

Yet, I eventually discovered 10 really good password managers for businesses. All of these products offer a good range of features for businesses of all sizes, including excellent security, intuitive admin and employee dashboards, quick and easy onboarding, and business-specific features like Single Sign-On (SSO) and active directory connectivity. Plus, they offer all the standard password manager features, like password generation, auto-save, auto-fill, and more.

I’m confident that there’s a product on this list that’s just right for your business, helping you get your company passwords off sticky notes and into the vault where they belong. Whether you’re looking for a password manager for a small or medium-sized business, or enterprise-grade software for a company with thousands of employees, there’s an option for you. My favorite password manager for businesses of all sizes is 1Password, but any of the products on my list will increase your company’s password security while having an easy onboarding process.

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Quick Summary of the Best Business Password Managers in 2024

Editor’s Choice

🥇 1Password

Best overall business password manager in 2024 with SIEM integration + SSO options.

Most of our readers choose 1Password

🥈 Dashlane

Feature-rich and easy-to-use option with advanced anti-phishing protections for business.

🥉 RoboForm

Great range of security features, excellent auto-fill, and advanced reporting.

NordPass

Good security and sharing options + monitor your entire domain for breaches.

Keeper

Secure business password manager with extra features like encrypted messaging.

#6-10 of 2024’s Best Business Password Managers.

🥇1. 1Password — Best Password Manager for Businesses of All Sizes in 2024

1Password is very secure and easy to use, and it comes with a wide range of features for both admins and team members — including advanced two-factor authentication (2FA), secure password sharing, and dark web monitoring.

I love how 1Password has options to connect third-party apps to add new users and manage their accounts. For example, when I connected my team’s Slack account to 1Password, I could easily invite everyone to 1Password via Slack and monitor when they logged into their 1Password accounts. I could also get Slack notifications when someone needed their 1Password account recovered. Easy third-party integrations like these are where 1Password really shines.

Setting up 1Password is easy, too, with comprehensive online guides and video tutorials. I found the resources clear and detailed, covering everything from initial installation to advanced feature usage. For businesses with 21 or more members, 1Password offers dedicated onboarding support. It also provides resources on starting internal security awareness training programs, which teaches your team things like defining protocols, conducting regular training, and maintaining a culture of security.

1Password also includes:

• Admin control panel.
• Password vaults.
• Advanced 2FA options.
• Passkey support.
• Customizable security settings.
• Active directory integration.
• SSO options.
• Dark web monitoring.
• Hidden vaults (Travel Mode).
• SIEM integration.

I’m a big fan of 1Password’s password vaults — you can organize specific passwords into vaults and only allow specific team members access to each vault. For example, I created a vault for my marketing team, so only marketing team members were given access to the passwords inside that vault.

I also like how 1Password makes it easy to set up two-factor authentication (2FA). By switching on Enforce two-factor authentication, everyone in my team had to set up a form of 2FA for their 1Password accounts. 1Password is compatible with a range of 2FA methods, including authenticator app integration (like Google Authenticator), hardware security keys, and enterprise solutions like Duo.

1Password is also one of the few business password managers that supports passkeys, which provide a safer and more convenient alternative to traditional passwords — they offer enhanced security as they cannot be compromised by data breaches (only a portion of the login key is stored on a site or app’s servers).

Additionally, 1Password lets you easily add passkey support to your own business’s website using a service called Passage. You can integrate Passage onto your website’s backend with just two lines of code — adding passkey support to the site and allowing 1Password to handle complex implementations like account recovery, cross-platform compatibility, and more.

It’s easy to get an overall picture of company-wide security thanks to recent changes to the API. Datadog, a security information and event management tool (SIEM), is now integrated with 1Password. This means you can create dashboards that provide alerts whenever various actions are taken. For example, it can be set up to give an alert when a new user is added or a password, email address, or account name is changed.

1Password also lets business users log into their vaults with single sign-on (SSO). Through its “Unlock with Okta” feature, you can set up your employees to access their 1Password vaults with Okta SSO, so they won’t need their master password or secret key on trusted devices. It also supports SSO options using the OIDC protocol such as Duo, OneLogin, and JumpCloud. Not only is this a big time saver — it’s also super secure, and it allows you to have more granular control over your team’s access rights.

Finally, 1Password has recently acquired Kolide, a leader in device health and contextual access management. This acquisition strengthens 1Password’s ability to secure devices and each 1Password access request, no matter where employees are located. It provides real-time checks on device health at the moment of authentication, enabling employees to play a more active role in maintaining security.

1Password offers 3 business plans. 1Password Teams Starter Pack is the cheapest, but it doesn’t include many advanced options like SSO or AD integration. 1Password Business includes all of the mentioned features as well as 5 GB of encrypted cloud storage per user, 20 guest access accounts, and a 1Password Families plan for every user (1Password’s family plan is our top-rated password manager for families in 2024, so this is a really good perk). And 1Password Enterprise includes all Business plan features and adds onboarding and training assistance as well as a dedicated account manager.

Read the full 1Password review >

🥈2. Dashlane — Advanced Security Features + Very Easy to Use

Dashlane has everything businesses need to manage their passwords — including 256-bit AES encryption, a wide range of features, an intuitive employee dashboard, secure account recovery options, and a well-built and easy-to-use admin console.

Integrating Dashlane into a company’s computer systems is easy — my IT team had no problems getting it set up and running. They particularly liked that the admin console made it really simple to manage permissions on employee accounts and ensure everyone was using highly secure passwords.

There are comprehensive setup guides and a robust resource library, too, which are both detailed and easy to follow. While the resource library is extensive, it offers fewer video tutorials compared to 1Password. However, the available guides cover everything from initial installation to more advanced features. Additionally, Dashlane offers a dedicated admin support center and a specialist onboarding team for Enterprise users.

All of our team members found Dashlane very easy to understand and use. After a 5-minute walk-through, everyone understood exactly how to operate the settings, create new passwords, use the browser extension, sign into their Dashlane account via our company’s SSO provider (Okta), and share passwords with team members. And the intuitive admin console made it easy for me to create company-wide logins and share them with relevant members (and revoke access when they left the company).

Dashlane’s business plans include:

• Two-factor authentication (2FA).
• Dark web monitoring.
• SSO options.
• Passkeys support.
• Multiple account recovery options.
• Advanced anti-phishing protections.
• Secure password sharing.
• VPN (virtual private network).
• Active directory integration.
• Advanced security reports.
• Remote account deletion.
• Secrets management.
• And a lot more…

I’m a big fan of Dashlane’s monitoring features, which alert teams to phishing attempts as well as breaches. The anti-phishing features scan for sites imitating Dashlane and will even alert users if they’re about to enter a saved password on any website other than the one it’s associated with. Other password managers also include dark web monitoring, but unlike most, Dashlane doesn’t rely on public databases. As a result, it found more compromised accounts than other password managers and provided actionable steps for fixing problems.

I also really like Dashlane’s security dashboard, which shows the overall password security score across my entire team. The security dashboard has a chart that helps you visualize your team’s overall security month-to-month, and it also alerts you if a team member’s passwords are weak, reused, or compromised.

The Secrets feature is another great bonus for business plans. It’s an encrypted vault for storing and sharing “secrets” like API keys, access tokens, database passwords, and private certificates. It has a user-friendly interface that makes it easy to store, access, and share secrets with team members, while also managing permissions effectively.

Dashlane also provides one-click SIEM integration for Splunk, allowing admins to access Dashlane’s activity logs and events reporting directly in the big data management platform. This provides you with a comprehensive view of user activity and helps you make decisions about access privileges — all while using built-in encryption to protect the activity logs and events reporting.

Dashlane has 3 business plans. Dashlane Starter is the entry-level business plan that covers up to 10 users, but it doesn’t include the VPN, advanced phishing protections, or SSO options. Dashlane Business offers a more comprehensive set of features, including all the features of the Starter plan, as well as the VPN, advanced phishing protections, SAML-based SSO options, advanced security reports, and a free Dashlane Friends & Family plan for all users. For larger organizations, Dashlane Enterprise provides tailored solutions to meet specific security and management needs, including everything in the Business plan along with an assigned customer success manager, customer support specialists, and a technical engineer for onboarding.

Read the full Dashlane review >

🥉3. RoboForm — Great Security With Excellent Auto-Fill Capabilities

RoboForm has the best auto-fill capabilities of any business password manager. I tested it with many different web forms — legal forms, registration forms, and different kinds of social media logins — and RoboForm auto-filled all of them with no mistakes. Even top brands like Dashlane and 1Password can’t really handle complex legal forms, but RoboForm outperformed all others on auto-fill capabilities.

I also like RoboForm’s security reporting feature, which assigns an overall security score to each team member based on the strength of their passwords. I set up a test user vault and added a bunch of logins with weak passwords, and RoboForm not only highlighted the weak passwords but also gave me recommendations on how to improve them.

RoboForm offers various setup resources, including clear online guides and a helpful playlist of video tutorials. These resources cover essential setup steps and basic usage, making it accessible for most users. The resource library isn’t quite as extensive as 1Password’s, however, RoboForm’s guides are still comprehensive enough to facilitate a smooth setup process.

RoboForm also has a range of other features, including:

• AD integration.
• SSO options.
• Advanced reporting.
• Additional 2FA options.
• Support for passkeys.
• Shared access groups setup.

I really like RoboForm’s shared access group feature, which lets you create different shared vaults for different departments. The shared access customization options are also very good, with options to enable access to certain shared vaults only when connected to your office network’s IP address. This ensures that your employees don’t accidentally compromise logins when outside of the company offices.

RoboForm Business supports Single Sign-On (SSO) via external identity providers such as Azure / MS Entra ID, Okta, and Ping One. It also allows the company admin complete control of all company data. The admin has the authority to determine a user’s permissions within a group. If the user’s access is set as “Limited”, they won’t be able to view or edit any shared logins. They’ll be able to use RoboForm for website login purposes only, and they won’t have access to the actual passwords.

You can’t manually add passwords in the desktop app or admin dashboard, which is a bit annoying. I had to install the RoboForm browser extension and then log into my accounts so they could be auto-saved. I also don’t like that you have to use the browser extension to import passwords — competitors like NordPass allow users to import passwords using the desktop app. However, these issues probably won’t be a big problem for most business users.

RoboForm is much cheaper than most other brands. The RoboForm Business plan cost per user is lower than other brands on this list, and it offers discounts for more users and longer-term subscriptions.

Read the full RoboForm review >

4. NordPass — Good Security + Sharing Options

NordPass is an intuitive password manager that uses the xChaCha20 encryption algorithm — this encryption method isn’t necessarily better than 256-bit AES encryption (which all of the other brands on this list use), but it’s more modern and faster.

It offers a streamlined setup process — with setup guides and tutorials available on its website that are clear and detailed, providing step-by-step instructions for both basic and advanced features. Additionally, NordPass offers face-to-face onboarding for Enterprise users.

NordPass also offers:

• Password sharing.
• Trusted contacts.
• Shared folders (Enterprise only).
• Admin panel/security dashboard.
• Advanced MFA options.
• Passkeys support.
• SSO support (compatible with Azure AD, Google Workspace, and more).
• Breached accounts scan.
• Email masking.
• Coverage for up to 250 users (Business) or unlimited users (Enterprise).

I really like the shared folder feature. NordPass lets you save passwords, personal information, credit card details, secure notes, and more into folders. You can then share those folders with trusted team members. It’s straightforward to use, but I’m disappointed this feature is limited to Enterprise users. 1Password lets you quickly share entire password vaults with trusted contacts, and you don’t need a business plan to do it.

I also like the extended functionality that the data breach scanner provides for business users. When using a personal plan, NordPass’s data breach scanner monitors individual emails, but with the business plan, you can monitor your entire domain — which is really cool. NordPass classifies any breaches it finds as high or low risk, so it’s really easy to know which breaches to prioritize. From the admin dashboard, you can also choose to resolve or ignore breaches — which is an excellent way to quickly and easily remove false positives.

There’s also a convenient MFA option for business users — the NordPass Authenticator app. This sidesteps the need for SMS verification or an external authenticator app, instead allowing employees to unlock a TOTP within the NordPass app using biometrics. NordPass still supports MFA through other authenticator apps (like Authy and Google Authenticator) and security keys, too. I’m also happy to see that, like Dashlane, NordPass has integrated passkeys into its desktop app and Web Vault.

NordPass additionally has an email masking feature for businesses, which allows companies to hide their business credentials with email masks. Messages sent to these email masks are forwarded to the primary email without revealing the actual address. This helps reduce spam and strengthens resistance against phishing or other social engineering attacks.

NordPass offers 3 business plans: NordPass Teams, Business, and NordPass Enterprise. NordPass Teams includes access for 10 users and Google Workspace SSO, NordPass Business adds the security dashboard and coverage for up to 250 users, and NordPass Enterprise comes with all of the above, as well as unlimited user coverage, shared folders, and SSO with Azure, MS ADFS, Google Workspace, and face-to-face onboarding assistance.

Read the full NordPass review >

5. Keeper — Best for Secure Communication Between Team Members

Keeper is a very intuitive and secure password manager with many advanced integration and admin customization options. You can also add Keeper’s encrypted messenger app (KeeperChat) to your business plan, which makes communicating between team members very convenient and secure. One of my team members recommended that I set up KeeperChat and create different group chats for different teams — marketing, IT, HR, etc. We could then securely share important files and even set “self-destruct” timers on messages containing sensitive information.

I like the variety of setup resources, including detailed online guides and video tutorials that cover everything from basic setup to advanced features. The resources are clear and easy to follow, making it accessible for users of all technical levels. Additionally, Keeper offers comprehensive training support, including admin training sessions to help businesses maximize their use of the platform.

Keeper also offers a wide range of features, including:

• Advanced security policies.
• Many 2FA options.
• Passkey support.
• Password rotation.
• Admin dashboard.
• SSO integrations (Azure, Okta, Microsoft ADFS, Google Workspace, and more).
• Dark web monitoring.

I really like that admins can set up very specific security policies — for example, strong 20-character master passwords and biometric 2FA requirements. This ensures all employees are keeping their accounts as secure as possible. My IT team set a policy for all high-level employees to use a 2FA hardware key like YubiKey. Other employees could use the Google Authenticator app.

The password rotation feature is great, too. It’s super convenient for organizations because it lets them easily update users’ important credentials automatically, all through a user-friendly Privileged Access Management (PAM) platform. It also enables you to enforce specific sharing policies and ensure regulatory compliance.

Keeper’s dark web monitoring feature, BreachWatch, is also really good. BreachWatch alerts employees if one of their accounts has been compromised in a data breach, prompting them to change their credentials before cybercriminals can steal sensitive company data. However, I’d prefer it if Keeper included BreachWatch as a default feature (like Dashlane does) and not as a paid add-on — if you want to use BreachWatch, Keeper charges an extra yearly fee per user, which isn’t the most cost-effective option in my opinion. Still, BreachWatch is a great tool and I could see why some business owners would pay an extra fee to fully secure their team’s passwords.

Keeper has 2 business plans. They’re virtually the same in terms of end-user features, and both include a free Keeper Family plan for each of your team members. However, for SSO options, AD integration, advanced 2FA, and provisioning options, you’ll need Keeper Enterprise.

Read the full Keeper review >

6. LastPass — Good Password Management Controls for Admins

LastPass has one of the most intuitive admin dashboards of all the password managers I tested. Even without much IT expertise, I found it easy to add new team members and enforce specific security settings (like requiring everyone to use multi-factor authentication).

It has online guides and video tutorials that cover everything from basic installation to advanced features, ensuring users of all technical levels can get started easily. LastPass also provides access to LastPass University and live training sessions for more in-depth support.

I like LastPass’s range of multi-factor authentication options, which include biometric authentication options (fingerprint and facial recognition), voice recognition, one-time password, SMS authentication, and mobile device push notifications — users receive a notification on their iOS or Android device allowing them to either Accept or Reject the access request.

LastPass also includes a wide range of admin tools that are all very easy to find, understand, and use. It has things like:

• Geofencing login policies.
• Easy-to-set security policies.
• Advanced multi-factor authentication (MFA) options.
• Dark web monitoring.
• VPN integration options.
• Passkey support (in beta, Chrome extension only).

I really like that you can set up very specific login requirements, such as employees only being able to log in to their accounts in a specific location. So as soon as anyone leaves the geofenced radius around the office, they won’t be able to log in to any work accounts. Even top competitors like Dashlane don’t offer this feature, and it’s a great extra layer of protection.

LastPass offers 2 business plans. LastPass Teams is for a maximum of 50 users and offers a vault for every user, shared folders, a security dashboard, and dark web monitoring. LastPass Business has everything Teams has, but adds in-depth reporting, SSO and AD integration, and unlimited users. Plus, each employee gets a Last Pass Families subscription. You can also choose advanced SSO and MFA add-ons with the Business plan.

Read the full LastPass review >

7. Password Boss — Intuitive and Easy to Set Up

Password Boss is an intuitive password manager that offers an easy-to-use admin dashboard and a good range of features. When I tested Password Boss, I found it easy to navigate around the admin dashboard and onboard new team members. Setting security policies was also straightforward, and I had no issue connecting Microsoft Active Directory and Azure. However, I would like to see more AD and SSO integration options, including Okta (which my IT team prefers to use). 1Password, Dashlane, and other top brands include Okta integration.

I do like how there are detailed online guides and tutorials that cover both basic and advanced features, which are all easy to follow. Additionally, Password Boss offers priority support with onboarding.

Password Boss also offers:

• Password sharing.
• Detailed activity reports.
• Anti-theft protection.
• Breached accounts scan.

I found the offboarding process pleasingly simple. I was able to change the settings to automatically remove all business passwords from a user’s account when offboarding them. This is something even top business password managers don’t offer.

Password Boss’s anti-theft protections also work really well — they let you remotely wipe the data stored on a lost or stolen device, ensuring that none of your business data falls into the hands of bad actors.

Password Boss’s business plans start at a relatively low cost per user, which gets even lower if you opt for a longer subscription. Password Boss For Business is more for smaller teams, as it offers only the essential features. Password Boss For MSPs is better for bigger enterprises, as it offers detailed activity reports, AD connections, and advanced security policy settings.

Read the full Password Boss review >

8. Passwordstate — Great for Detailed Permission Controls

Passwordstate offers a wide range of permission options that gives businesses a lot of control over how passwords are managed. I especially like the granular permission options that allow admins to tailor each user’s permissions and access levels depending on their position.

Passwordstate provides very detailed and comprehensive online guides and user manuals. These resources are thorough and cover a broad spectrum of topics, but they’re pretty technical. In fact, I’d go as far as saying that you have to have a reasonable amount of technical skills to make use of these resources. However, for the tech-savvy, there is a wealth of information and functionality.

Passwordstate also includes:

• AD integration.
• SSO options.
• Activity reports.
• Advanced 2FA.
• Permission options.
• Password reset options.

I was impressed by Passwordstate’s advanced reporting capabilities, which are extremely detailed. Passwordstate audits over 120 events, including password changes, password access requests, and deleting of documents — all of which can be downloaded as a report document ready for compliance auditing. The detailed reporting capabilities make Passwordstate compliant with a range of cybersecurity and data management regulatory bodies, including HIPAA, NIST, and SOX.

Passwordstate feels like it’s been designed specifically for businesses — unlike some other business password managers that feel like personal password managers awkwardly molded into a business version. That said, I still don’t think Passwordstate’s dashboard is as intuitive as 1Password or Dashlane.

There’s a one-time fee to purchase Passwordstate’s software, but there are also optional annual fees for upgrades, support, and extra features. The Named User plan includes one installation for a chosen number of users, whereas the Enterprise plan covers an unlimited number of users. Passwordstate Global provides coverage for an unlimited number of users and adds unlimited system installations. There is also a Free for 5 Users version, which supports small businesses by offering all the Enterprise features for free for up to 5 users.

Read the full Passwordstate review >

9. CyberArk — Advanced Password Management for Enterprises

CyberArk is an enterprise-grade software focused on securing an entire company’s IT systems. Its functionality is advanced and requires a lot of technical know-how. This means CyberArk is best for large corporations that need sophisticated tools to manage and secure a huge amount of sensitive data. If you’re looking for a password manager for a small or medium business, you’d be better off with an easier-to-use option like 1Password.

That said, CyberArk provides comprehensive documentation and detailed guides that cover the entire setup process, from initial installation to advanced configurations. Additionally, CyberArk offers extensive training programs, webinars, and dedicated customer support to assist with onboarding. Its training support ensures that IT teams can effectively leverage CyberArk’s advanced capabilities, although — like Passwordstate — the resources might be overwhelming for smaller teams or non-technical users.

Some of CyberArk’s features include:

• Automated credential changing.
• Multi-factor authentication options.
• Real-time account monitoring.
• Advanced reports for compliance.

I really like CyberArk’s automated process for changing account credentials, which gives IT teams an easy way to manage company cybersecurity. The real-time account monitoring is incredibly helpful, too, as it enables admin teams to quickly spot suspicious activity and stop it before any damage is done.

CyberArk offers an advanced range of multi-factor authentication options, including hardware token authentication, authenticator app compatibility, push notification 2FA (sends a code to a trusted device), and even authentication via PIV and CAC smart cards — identification cards with an embedded microchip that can be used to verify a user’s identity.

CyberArk’s pricing is quote-based. As it offers a wide range of tools, you’ll need to contact its sales team to find out how much it will cost your business to use its services. You can also request a demo and try it out with a 30-day free trial before committing.

Read the full CyberArk review >

10. Sticky Password — Decent, Cost-Effective Option

Sticky Password is an okay option for smaller teams looking for a simple business password manager. Its interface is a little pixelated and not nearly as well-designed as other brands on this list. That said, I like that Sticky Password includes various admin controls to ensure all passwords used by team members are secure, for example when setting master password requirements.

Sticky Password provides detailed online guides and a selection of video tutorials that cover basic setup and functionality. While the resource library is not as comprehensive as that of 1Password or Dashlane, it’s sufficient for small teams to get started quickly. The guides are clear and easy to follow, making the process straightforward, even for non-technical users​.

Sticky Password also has:

• Password sharing.
• 2FA options.
• Dark web monitoring.
• Customizable permissions.
• Portable USB password vault option.

I like Sticky Password’s portable USB option, which lets admins access their passwords on any employee’s PC by inserting their external drive and launching the USB version of Sticky Password, named “Portable Passwords.”

Sticky Password also makes password sharing very easy — none of my team had any issues sending passwords or secure notes to one another. It was also easy to set and change password permissions for different users. For example, I could give my co-founder edit access to our company’s Amazon Business account, but I could disable password editing permissions for other team members.

Sticky Password Teams isn’t as advanced as competitors like 1Password. However, it’s a decent low-cost option for small businesses. There’s also a nice bonus for eco-conscious users — a portion of the proceeds from each license sold is donated to a charity protecting endangered manatees in Florida.

Read the full Sticky Password review >

Quick Comparison Table

Testing Methodology: Comparison & Ranking Criteria

I used our comprehensive testing methodology to determine the best password managers for businesses in 2024. My focus was on security, ease of use, administrative controls, feature sets for both administrators and users, and overall value. Each product on this list underwent thorough testing to ensure it meets the rigorous demands of a business environment. Here’s how I assessed each aspect:

• I checked the software for sophisticated security tools. It’s crucial that a business password manager has advanced security tools like two-factor authentication (2FA) and robust encryption (preferably 256-bit AES or higher). Zero-knowledge protocols are also essential for maintaining privacy and security. All the products on my list were rigorously tested and are free of security vulnerabilities that could put your business at risk.
• I evaluated the ease of setup and onboarding. A business password manager should be straightforward to install and provide specialized support for integration with your systems. Additionally, it should feature a user-friendly interface accessible to both technical and non-technical employees. My team and I tested each of my top picks to ensure their accessibility.
• I assessed the admin controls. Effective admin controls are vital for overseeing employees’ password management and adherence to security practices. All the brands on this list offer some form of admin controls, enabling IT departments and administrative staff to restrict permissions and enforce security protocols as needed.
• I examined the features for administrators and users. When selecting a business password manager, it’s important to look for functionalities like auto-saving, auto-login, and secure password sharing. 1Password and Dashlane include all of these features and more. My colleagues and I tested each feature of every product on this list and reached a consensus on their quality.
• I evaluated the customer support. Effective customer support is crucial for businesses, especially when dealing with sensitive information like passwords. I checked whether each password manager offers dedicated virtual assistance (VA) for business plans and the quality of their support channels, including live chat, email, and phone support.
• I considered the value for the price. While a comprehensive password manager for businesses isn’t cheap, it’s essential to find options that offer significant value without exorbitant costs. In compiling my top 10 list, I chose password managers that provide a broad range of features at a reasonable price.

How to Get Started With a Business Password Manager

1. Research and select a password manager. Evaluate different business password managers based on your company’s specific needs, size, and budget. Consider factors like security features, user-friendliness, and customer support.
2. Initial installation and setup. Download and install the chosen password manager on your company’s devices. Follow the provider’s instructions for initial setup, which typically includes creating a master account.
3. Set up an admin account. Create an administrative account that will have control over the password manager settings, user permissions, and security policies.
4. Define security policies. Establish security policies for your organization, such as password complexity requirements, two-factor authentication, and regular password updates.
5. Add users and set permissions. Add employees as users to the password manager and assign appropriate permissions based on their roles and access needs.
6. Create shared vaults. Set up shared vaults for teams or departments to securely store and share passwords and sensitive information.
7. Train employees. Provide training to all employees on how to use the password manager effectively, emphasizing the importance of adhering to security policies.
8. Monitor and update. Regularly monitor the password manager for any security issues and update it as needed to ensure it remains effective and secure.

Quick Guide: How to Onboard Users on a Business Plan

1. Select the right tool. Choose a password manager that is user-friendly and provides extensive training materials.
2. Inform your staff. Communicate your plans to your team, letting them know which password manager has been chosen and encouraging them to ask questions during the onboarding process.
3. Use ready-made training. Take advantage of the training sessions and materials provided by the password manager’s support staff to educate your team.
4. Appoint a password champion. Designate a tech-savvy, enthusiastic team member who is willing to undergo specialized training on the onboarding process, so that they can help guide others, answer questions, and promote best practices.
5. Ensure in-depth support. Make sure there’s comprehensive support available for any queries or issues that arise.
6. Monitor and adapt. Keep an eye on how well the tool is being adopted and make adjustments based on feedback to improve the process.

How to Manage Credentials With a Business Password Manager

Managing credentials is important for maintaining the security of your company’s sensitive information. Here are some tips for securing your company’s passwords with a business password manager:

1. Establish comprehensive password policies. Develop clear policies for password creation, including minimum length, complexity requirements, and regular updates. Ensure these guidelines align with industry best practices and regulatory standards. 1Password offers customizable security settings to enforce strong password policies.
2. Implement role-based access controls. Assign permissions based on employee roles and responsibilities. Use the password manager’s features to restrict access to sensitive information, ensuring that employees only have access to the data they need for their work. Dashlane’s admin console makes it easy to manage permissions and ensure secure access.
3. Enforce two-factor authentication (2FA). Strengthen security by requiring a second form of verification in addition to passwords. This can include mobile authentication apps, hardware tokens, or biometric verification. Keeper provides a range of advanced 2FA options to enhance security.
4. Utilize secure sharing and vault features. Encourage the use of the password manager’s secure sharing options for collaborative work. Organize passwords into vaults based on teams, projects, or departments to streamline access and management.
5. Monitor and audit access. Regularly review access logs and audit trails provided by the password manager. Look for any unusual activity or unauthorized access attempts, and take prompt action to address any security concerns.
6. Train and educate employees. Provide ongoing training on cybersecurity best practices, including the proper use of the password manager. Create awareness about phishing attacks, social engineering, and the importance of maintaining password confidentiality.
7. Update and rotate passwords regularly. Schedule regular password updates to reduce the risk of password-related breaches. Use the password manager’s features to automate reminders and enforce password changes.
8. Integrate with other security tools. If possible, integrate the password manager with other security systems such as single sign-on (SSO) solutions, identity and access management (IAM) platforms, and security information and event management (SIEM) tools.
9. Plan for emergency access. Establish protocols for emergency access to critical accounts in case of unforeseen circumstances. Ensure that there are secure backup and recovery options in place.
10. Stay informed about security trends. Keep up-to-date with the latest cybersecurity threats and trends. Adapt your password management strategies accordingly to protect your business against evolving risks.

Frequently Asked Questions

Are password managers secure enough for businesses?

Yes, in general, password managers are secure enough to protect a business’s passwords. Most password managers use strong encryption, maintain zero-knowledge protocols, and provide extra security features like MFA and cross-platform sharing. Some top brands like Dashlane even have VPN integration.

All of the password managers on this list are robust systems engineered with security in mind. And the companies developing these systems are highly reputable cybersecurity providers. In short, businesses aren’t really secure until they have a secure password management system.

How do you ensure high user adoption rates when implementing a new password manager?

To ensure high user adoption rates, select a password manager that offers intuitive interfaces, comprehensive, easy-to-use training materials from the vendor, and the ability to enforce strong password policies. Integration into daily workflows, clear communication about the benefits, and support from password champions within your organization are crucial. Additionally, setting minimum password requirements for applications helps standardize security practices, making it easier for users to maintain strong passwords consistently. 1Password offers dedicated onboarding support for teams of 21 or more members.

What’s the best password manager for businesses?

1Password Business is my favorite — it’s secure, intuitive, and includes a wide range of features for both end-users and admins. 1Password also includes features like SSO (single sign-on) and active directory software integration, which can help your business better manage how team members use 1Password.

Does my business really need a password manager?

If your business is handling more than just a few passwords, yes! I’d recommend that you try a password manager — not just for convenience, but also for security. Password managers will store all of your company’s login details in a secure ecosystem designed to make everything easier, safer, and more convenient. They point out security flaws in protocols and highlight weak and compromised passwords. Some, like Keeper, even alert you to data breaches that contain company-compromising information.

How much does a business password manager cost?

That depends. In general, the size of your business will determine the size and scope that your password manager will need to cover — and that will determine the cost.

That said, if you’re a small business that only needs basic password management features like password storage, auto-fill capabilities, and password sharing, there are many low-cost options on this list you can try. But it’s best if your password manager is flexible enough to scale with your business as it grows. Top password managers like 1Password and Dashlane have excellent features for everyone, from small teams of under 5 to large enterprises with thousands of employees.

Does Google have a password manager for businesses?

No, Google doesn’t offer a business version of its password manager — its password manager is currently only available for individuals. That said, Google Workspace enables third-party password manager integration options for business password managers like TeamPassword, Passwd, and Zoho Vault. Businesses can install add-ons to Google Workspace accounts, meaning the password manager is accessible from each user’s Google Apps menu, and both team members and managers can use the password manager’s features within Google Workspace.

While the options above are useful for Google Workspace users, I think password managers like 1Password do a much better job of managing passwords across organizations.

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