8 Best Password Managers of 2023

Looking for the right password management fit for your organization? These eight options all have something to offer, and one may be the best fit for you.

If you’re reading this, there’s a good chance you’ve heard your business needs a password manager, or you’ve found out the hard way that you need one.

Regardless of how you’ve come to realize that good business password management is essential, you’ve probably then found yourself faced with another problem: How do you pick the right password management software for your particular business?

SEE: Password breach: Why pop culture and passwords don’t mix (free PDF) (TechRepublic)

When it comes to managing passwords, the choices are many, but the differences are relatively few. After all, there’s only so many ways to design an application with the same core concept, which in this case is keeping passwords securely locked behind a single sign-on account.

That said, there are small features that are no less essential for their size and scope that can be the deciding factor for some businesses. Those are what we’ll tease apart by comparing these eight leading enterprise password managers.

Why is enterprise password management important?

Chances are good at the very least you’ve heard of password managers. You may even use a personal one (and good on you, if so), but choosing a personal password manager versus choosing one for an entire organization can be a bit trickier.

Many people even choose to forego a password manager in favor of the Android and iOS built-in password keychains, but that’s not an option in professional situations where password security is paramount.

The bottom line is that there’s no avoiding the necessity of some form of password management for modern businesses. That doesn’t mean that every enterprise password manager is suited to every enterprise, but there are a number of things any business password management tool worth its bits should be able to do.

What makes a good enterprise password manager?

A good enterprise password manager must:

• Let users securely distribute login credentials for shared accounts
• Be able to generate random, secure passwords
• Offer multiple authentication factors
• Be able to be centrally managed by IT
• Have cross-device functionality and apps
• Use properly secure encryption
• Be as frictionless for users as possible

Don’t underestimate the importance of that last point: If a new solution adds friction to an employee’s daily flow, then they’re less likely to use it. In some instances that’s not the end of the world, but when it comes to password security you don’t want to spend a lot of money on something that people won’t use or will only use grudgingly.

That said, assume that the enterprise password manager “musts” listed above are standard features of the eight options covered here. Determining which of the eight is the best choice for your organization will come down to how they differ.

One interesting feature shared by several of the following products is free family accounts for all of an organization’s employees. This is offered by half of the eight products reviewed here and highlights an interesting difference in philosophy between the two groups of companies that 1Password put best: “When people practice secure password habits at home, they’ll be more secure at work.”

It’s worth considering that, by extending enterprise password managers into your employees homes, you’re eliminating several micro-ingress points that a determined attacker could exploit. Information about family members is great as phishing bait and for other cybercrimes. That’s ultimately a win for companies.

A note on identity and access management

You may be wondering why there’s no mention of identity and access management tools in this article, and there is a reason: Password managers and identity and access management are related, but they’re different in scope and scale.

Password management is often a component of identity management, whereas identity management as a whole is a different paradigm of account security that uses additional methods of verifying identity than just a password or a second factor.

Businesses who are considering password management as part of a wider digital transformation effort may want to think beyond passwords toward where password management fits into a wider identity management system.

8 best enterprise password managers

1. LastPass

Desktop apps: Windows, macOS and Linux

Browser extension: Chrome, Firefox, Safari, Edge, Opera and Internet Explorer

Mobile apps: iOS and Android (all downloads available here)

Tiers: LastPass Teams & LastPass Business

Price: $4/month per user & $6/month per user (both plans are billed annually)

Popular consumer password management app LastPass has two different business pricing tiers, the first being called Teams, which is limited to 50 seats, and Business, which costs an extra couple of dollars per seat but adds lots of features and scraps the user cap.

Both tiers offer the same basic features, including dark web monitoring and basic reporting capabilities, but if you want the best features offered by LastPass you have to not only purchase the more expensive tier, you also have to pay an additional fee per seat.

What LastPass calls Advanced SSO is an additional feature that, for an additional $2 per seat per month, removes the three single sign-on app integration cap with which the business plan comes. It’s not available at the Teams level.

The second optional add-on for Business tier users is Advanced MFA, which LastPass describes as “extending passwordless authentication to all endpoints” through a combination of biometric authentication and contextual policies. This add-on tacks $3/month per user onto each seat.

LastPass is also one of the four providers that offer free family plans, but only at the Business tier. If you want both of those add-ons, LastPass Business has a bundle option that adds Advanced SSO and the MFA bundle for just an additional $3/month, bringing the total per user to $9/month.

Who is LastPass for?

Even at $9/month, the full-featured Business tier isn’t that expensive, but if you are a small business looking to get basic password management tools for your users, the $4 Teams tier may be the best bet. Keep in mind LastPass Teams is minimally featured compared to the Business tier, but by locking what should be basic safety features behind an additional paywall, LastPass may inadvertently have made their software better for SMBs and small teams who only want the basics.

It’s also worth noting that LastPass is owned by GoTo, which produces remote access and work tools like LogMeIn and GoToMeeting. If you’re looking for new tools in that space, packaging them with LastPass may help save some money.

2. 1Password

Desktop apps: Windows, macOS and Linux

Browser extension: Chrome, Firefox, Safari, Edge and Brave

Mobile apps: iOS and Android (all downloads available here)

Tiers: Teams, Business and Enterprise

Price: $19.95 for up to 10 users / $7.99/month per user / Contact sales (billed annually)

1Password offers true two-factor authentication and impressive encryption capabilities. It creates a secret key, required when logging in from any new device, that serves as the only method for decrypting passwords. Not only does it alert you if a password is weak or duplicated across other accounts, but it also integrates with Have I Been Pwned to monitor the internet for data breaches involving your information. 1Password will let you know if your credentials have been compromised, so you can maintain good password hygiene.

1Password adds features such as cross-platform apps (Linux, macOS, Windows, Android, iOS and the web), the ability to create, autosave and autofill passwords, unlimited passwords, items and 1GB of storage, the ability to share passwords, credit cards, secure notes and more.

Who is 1Password for? 

Like the other consumer-focused products in this list, 1Password is designed to be easy for anyone to use. It has plenty of integrations with IAM tools, and Business-tier features like usage reports, simple GUI policy creation and other admin features make it a good choice for both enterprise-level companies and SMBs looking to pay a small, flat rate with some room to grow.

3. Keeper

Desktop apps: Windows & macOS

Browser extension: Chrome, Firefox, Safari, Edge, Opera and Internet Explorer

Mobile apps: iOS/Android

Tiers: Keeper Business & Keeper Enterprise

Price: $3.75/month per user (billed annually) / Contact sales

While Keeper has customer-facing apps, it’s definitely an enterprise-first product. Its basic Business tier has standard features you’d expect in a business-level password management tool, plus shared folders, unlimited devices for users, a policy engine, auditing and reporting features.

If you want more than 100 users, or additional enterprise features that make Keeper a better fit for big organizations, you’ll need to call about pricing, but it might be worth it given what Keeper Enterprise comes with.

Enterprise users get the standard Business features, plus automated team management, advanced 2FA capabilities, AD and LDAP syncing, SCIM, email, command line and Azure AD provisioning, developer APIs and more.

Additional a la carte paid features (which don’t come cheap) are also available for Keeper, encrypted secure messaging, dark web protection, advanced reporting, a secrets manager for securing source code and secure file sharing are all available.

Who is Keeper for? 

Keeper has a lot of features that make it an ideal choice for the big enterprise or SMB that can afford to spend money on integrations and customizations. Its Business tier plan is also good for small organizations, but Keeper’s best offerings await those with deep pockets.

4. Dashlane

Desktop apps: Windows, macOS and Linux

Browser extension: Chrome, Firefox, Safari, Edge, Opera and Internet Explorer

Mobile apps: iOS and Android (all downloads available here)

Tiers: Dashlane Team / Dashlane Business

Price: $5/month per user or $8/month per user (billed annually)

Dashlane Password Manager provides companies with everything they need to onboard new employees, manage permissions and monitor security issues all from one place. Dashlane Premium also includes advanced features such as SAML-based single sign-on, unlimited password sharing, password changer, VPN for Wi-Fi protection, secure file storage, dark web monitoring and priority support. The company’s security architecture has never been hacked.

Who is Dashlane for?

With its baked-in public Wi-Fi VPN, Dashlane is ideal for businesses with a lot of employees in the field. Technicians who travel from site to site and leaders on business trips are just two types of people who can benefit from that type of additional protection. Even small organizations who don’t want to spring for the advanced Business tier features can benefit from the built-in VPN, which is available at both tiers.

5. Sticky Password

Desktop apps: Windows, macOS and Linux

Browser extension: Chrome, Firefox, Safari, Edge, Opera, Internet Explorer and Brave

Mobile apps: iOS and Android (all downloads available here)

Tiers: Sticky Password Teams

Price: $29.99/year per user

Sticky Password is a unique one out of this list, in that it only has one business tier, Teams, and has a flat yearly license rate that breaks down to being less money than most other options (about $2.50/month), and each license purchased includes a donation to save endangered manatees.

If your company likes to do a bit of extra good with its purchases, Sticky Password has you covered with its manatee-saving mission, but that’s not all. Along with the basics you’d expect in a password manager, Sticky Password includes an emergency access feature that allows users to specify another person to gain access to their account in an emergency, and a portable USB key installation option that turns a flash drive into a plug-and-play password management device (Windows only).

Who is Sticky Password for?

Organizations with shared machines, like those in a machine shop, hot-desking offices, universities and similar setups will find Sticky Password ideally suited for their employees with its USB installation option. Additionally, those who want to ensure there’s no way to lose employees’ credentials will find the emergency action valuable both in unexpected situations and in a case of a disgruntled employee refusing to relinquish access.

6. Bitwarden

Desktop apps: Windows, macOS and Linux

Browser extension: Chrome, Firefox, Safari, Edge, Opera and Tor

Mobile apps: iOS and Android (all downloads available here)

Tiers: Bitwarden Teams / Bitwarden Enterprise

Price: $3/month per user or $5/month per user (billed annually)

Bitwarden is a free, open-source software. This option is best suited for just about any type of user, but experienced IT professionals and programmers who want to make use of the benefits of an open-source platform, such as inspecting code, seeking out flaws and developing their own fixes will find Bitwarden an invaluable resource.

Who is Bitwarden for? 

This password manager tool is a good option for users who may use multiple logins for the same applications or websites. It offers full autofill capabilities and works with physical security keys. Bitwarden is cross-platform, available for Linux, macOS, Windows, Android and iOS.

7. NordPass

Desktop apps: Windows, macOS and Linux

Browser extension: Chrome, Firefox, Edge and Opera

Mobile apps: iOS and Android

Tiers: NordPass Business / NordPass Enterprise

Price: $3.95/month per user, or contact sales for quote

NordPass is made by the same company that makes the popular VPN software NordVPN, and even at its lower-priced Business tier NordPass still has a lot of features.

Google SSO is integrated into NordPass, making it an ideal accessory for businesses using Google software. MFA is included, as are reports that inform users if their passwords have been compromised, reused or are unsafe. It’s also GDPR and HIPAA compliant, making NordPass a good voice for those worried about meeting data security compliance rules.

The Enterprise tier of NordPass removes the 250-user cap, and also adds Active Directory provisioning, Azure SSO and additional support services. NordPass also offers an MSP tier for those that want to offer NordPass as part of their IT services packages.

Who is NordPass for?

NordPass puts its compliances front and center, so businesses who expect to operate in the E.U., or work with U.S. healthcare providers, will appreciate those features. It’s also worth noting that the Business tier allows up to 250 users at just $3.59, which is a great price and a higher cap than some of the other products. If you’re small and planning to grow, NordPass may be an ideal choice.

8. Zoho Vault

Desktop apps: Windows, macOS and Linux

Browser extension: Chrome, Firefox, Safari, Edge, Opera and Internet Explorer

Mobile apps: iOS and Android

Tiers: Free forever, Standard, Professional and Enterprise

Price: $0 / $0.90 / $4.50 / $7.20 (per user per month, billed annually)

Zoho Vault has a lot of great features, even at its free tier, but for just $0.99/month per user, organizations can get central administration, password sharing, time-based one time passwords, IP address restriction, G Suite and Office 365 integration, and more.

Kick it up another notch and you add group management, user access and activity reports, emergency authorized access, and at the top tier there’s AD integration, SSO for cloud apps, Okta and OneLogin integration, help desk software integration and more.

Who is Zoho Vault for?

Zoho offers a number of other business applications as well, like CRM and sales software, and Zoho Vault is designed to perfectly integrate with all of its other software.

In addition to being great for users of other Zoho products, Zoho Vault is an ideal choice for businesses that want a lot of features and integrations for the lowest possible price. As mentioned above, even the $0.99 tier offers a lot of features that would cost at least double on other products.

Additionally, even Zoho Vault’s free tier has some business features that can make it valuable for organizations starting very small, like password policy enforcement. Sure, it’s made for individuals, but there’s no reason you can’t use it to dip your toes in the password management space with absolutely no financial commitment.

What is the best password manager?

Of these choices, my pick for best password manager easily belongs to Keeper — because it offers a perfect blend of simplicity and advanced features. Keeper works incredibly well on every platform and every browser. Although the free tier isn’t quite as feature-rich as the premium, you still get unlimited passwords and just enough features to make Keeper a perfect platform for those new to using a password manager.

With the ability to switch between Keeper accounts, this password manager is also the perfect option for those who want one tool for personal and team password management.

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