Top 5 best corporate password managers in 2023
Finding the right tool can be challenging for a company that has never used any password management system. Many corporate password managers are too complicated to use or ask for an inadequate price.
In this article, we have narrowed the selection to the five most suitable corporate password managers for businesses of all sizes.
What is a corporate password manager? Why do you need one?
Corporate password managers are an ideal and most recommended method to manage business credentials. Reliable and team-focused password managers solve many password-related inconveniences that usually put businesses at risk of data breaches.
A reliable corporate password manager should eliminate password reuse and insecure data-sharing habits by providing more convenient and intuitive alternatives to data management.
By using corporate password managers, businesses increase their resilience against cyber threats and minimize the risk of costly data leaks financially and for their reputation.
The best corporate password managers in 2023
Summary:
- PassCamp – best for seamless collaboration
- Bitwarden – best for attaching encrypted files
- Keeper – best for strict users auditing and reports
- KeePass – best for IT professionals and developers
- Sticky Password – best for easy data management
PassCamp – best for seamless collaboration
PassCamp is a team-focused password manager commonly referred to as the most intuitive and seamless password management tool. Its low learning curve makes PassCamp attractive for all users with all levels of technical knowledge.
It works excellently in sharing credentials with the team inside the organization and with external business partners (clients, freelancers, consultants). To do that, PassCamp provides a free Guest feature, where you share credentials with an unlimited number of temporary-working people.
Pros:
✅ Excellent security implementation
✅ Supports two-factor authentication
✅ Free unlimited guest access
✅ Permissions assigned to passwords
✅ Tags for easy organization
✅ Safe password sharing
✅ Supports many platforms and browsers
✅ Very easy to use
✅ Costs less than most competitors
Cons:
❌ No desktop app
❌ No detailed reports
Business plan pricing: $35 yearly for each user
Who should use it: small to medium-sized teams that work fully or partially remotely and need secure and seamless collaboration methods.
Bitwarden – best for attaching encrypted files
Bitwarden is an open-source secure corporate password manager that offers attractive extra features (like sending encrypted files). This password manager is most suitable for tech-savvy people and companies on a tight budget that wants to manage credentials safely.
Although it takes time to understand how password sharing and syncing work (it is tricky), it is still considered a safe and reliable tool to manage business passwords and send files with sensitive information.
Pros:
✅ Open source
✅ Supports multi-factor authentication
✅ Includes a free Family account for each user
✅ Allows to store and send encrypted files (1GB for personal and 1GB for organizational items)
✅ Reports on password vault’s health
✅ Desktop app
✅ Supports many platforms and browsers
Cons:
❌ might be complicated to use for non-tech-savvy people
❌ for sharing passwords with more than 1 person, you need a Family plan
❌ does not offer custom password permissions in the Business plan
❌ no password reset in the Business plan
Business plan pricing: $36 yearly for each user
Who should use it: small teams looking for a low-cost solution for password management and file transferring.
Keeper – best for strict users auditing and reports
Keeper is a highly secure and customizable corporate password manager that allows admins to manage and audit their team members. The tool provides detailed reports on the vault’s security, including dark web monitoring. It also lets team admins create custom rules for their team members (like using only 30 characters passwords).
Although the tool asks for a higher price per user, you can still consider it a worthy and reliable password manager to store and send sensitive business data.
Pros:
✅ Excellent security implementation
✅ Supports multi-factor authentication
✅ Includes a free Family plan for each user
✅ Supports many devices
✅ Activity reporting and team management
✅ Encrypted messaging
✅ Easy to use
✅ Secure data sharing
Cons:
❌ more expensive than competitors
Business plan pricing: $45 yearly for each user
Who should use it: small to medium-sized teams that can afford a more pricey solution for setting up specific security policies for team members.
KeePass – best for IT professionals and developers
KeePass is an open-source password manager that stands out for its customization and without-charge usage. Although the tool meets the highest security standards, it is worth noting that this password manager is complicated to use and set up. Therefore, only companies with dedicated IT staff, cybersecurity experts, and developers would benefit most from the tool.
This corporate password manager has many features you can access via unofficial add-ons and apps. That being said, your company can substantially benefit from a free and secure password manager as long as you have responsible people who set it up and take care of maintenance.
Pros:
✅ Open-source
✅ Always free
✅ Excellent security implementation
✅ Supports multi-factor authentication
✅ Local data storage
✅ Many plugins available
✅ Unlimited customization
Cons:
❌ Difficult to use for non-tech-savvy people
❌ Nonintuitive, outdated interface
❌ No live support
Business plan pricing: always free
Who should use it: businesses of all sizes that want top-notch security for free; and companies with dedicated personnel to set up the tool and teach teams how to use it.
Sticky Password – best for easy data management
Sticky Password is probably the cheapest password manager that does a decent job of protecting business passwords. The tool has everything you would expect from a basic corporate password manager, including easy sharing and high-level security.
Although the tool has a somewhat outdated interface, it is still easy to use even for non-tech-savvy employees. An optional Wi-Fi sync is a nice touch that adds extra security to your business accounts.
Pros:
✅ Great security implementation
✅ Supports multi-factor authentication
✅ Desktop app
✅ Supports many platforms and browsers
✅ You can turn off Wi-Fi sync (keep local storage)
✅ Easy sharing with others
Cons:
❌ Less intuitive interface than competitors
❌ No digital inheritance
❌ Some bugs with autofill and autosave
Business plan pricing: $26.95 yearly for each user
Who should use it: small teams that look for a simple and easy-to-use password manager that provides all the basics for a reasonable price.
The verdict
All these corporate password managers do their job well in protecting business passwords, collaborating with team members, and breaking old password habits.
Compare the details – like encrypted messaging or adding guests for free – and see which tool ideally satisfies your current team’s needs.
