We Tested the Best Business Password Managers in 2024

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With companies facing multiple security threats, choosing the best business password manager is essential. These handy tools store all your login credentials, keep your payment and other sensitive information safe, and let you enforce security policies in bulk – across the team. 

The best part is that business password managers don’t even cost too much. Ranging from 100% free to a few dollars a month, these tools give you all-round protection at an affordable price. 

So, whether you’re a solopreneur expanding your business, a startup hiring for the first time, or a small to mid-sized organization strengthening your digital defenses, you need to use a business password manager. 

In this article, we’ll share our findings from our hands-on testing of the best business password managers in 2024.

The 10 Best Password Managers for Business Ranked

For this guide, we looked for the top password managers with business-grade features and tested their entry-level team plans. Before we dive into our full review, here’s a quick synopsis of what we found. 

1. NordPass – The best business password manager in 2024 overall
2. 1Password – Best for mid-sized to large companies 
3. Dashlane – Best designed for password organization and sharing 
4. Keeper – Top password manager for the public sector 
5. RoboForm – Best password manager for ease of use and automation 
6. Enpass – Best for storage optimization and offline use 
7. Password Boss – Best for storing both personal and business items 
8. TotalPassword – Best simple password manager for solopreneurs and startups 
9. Norton – Best free password manager for business
10. Bitwarden – Best for corporate account recovery

How Do Business Password Managers Work?

A password manager is a software designed to create, store, and manage online passwords or other personal information, such as sensitive documents, in one secure location—an encrypted database protected with a master password.

Beyond this, some allow for the use of biometric information (fingerprint or face) in place of your master password for even greater security and convenience, and they offer businesses a secure means of sharing passwords for shared accounts.

The key benefit of employing a password manager is that it just requires you to remember one master password rather than all the login details you use for other websites. This means that you and your team can simply connect to all of your accounts with the autosave and autofill capabilities.

In addition to password encryption technology, business password managers also use web vaults to work. Team members can store any sensitive information in these vaults. The business admin maintains overall control of the vaults and can help recover if a team member ever loses vault access. 

Why Does Your Business Need a Password Manager?

Today, nearly every business uses online resources, and this involves creating and managing passwords. Whether you’re using a customer relationship management (CRM) platform for your retail store or a complete e-commerce business, your team will be using passwords at every step. 

Without a good business password manager, your employees will start using weak passwords that are easy to remember. They might also write down passwords or share them with others, causing security risks for your business. 

According to an Identity Theft Resource Center report, in 2023, cyber attacks caused revenue losses in 42% of small businesses.

This makes it doubly important to implement a business-grade password manager. It will help you: 

10 Best Business Password Managers in 2024 Reviewed

Now that you know exactly what to expect from business password managers, let’s look at some of the top tools in this segment. We reviewed the best password management platforms with business-grade features, including both free and paid options. Here are our findings. 

1. NordPass – The Best Business Password Manager in 2024 Overall

Nordpass is the top password manager on the market for businesses of any size. It’s a continuously developing password manager that secures your vault with several additional layers of protection, including the cutting-edge XChaCha20 encryption cipher.

This unique encryption algorithm supports two distinct key lengths, the strongest of which is 256 bits. Beyond this, there’s Multi-Factor Authentication to secure access to your business accounts with the unique code sent to your email or authenticator app.

NordPass recently introduced an authentication feature that allows you to use the app for 2FA. You can even audit your company-wide 2FA usage and share access to 2FA-protected business accounts.

NordPass helps you create strong business passwords. You can specify the length and add upper- and lowercase letters, digits, and symbols. A Data Breach Scanner, which aids in the early detection of security gaps, and a Password Health Checker to ensure that any password you create is unbreakable are also included.

One of NordPass’s best features is the ability to unlock your account with your face or fingerprint. It’s significantly faster and simpler than inputting the master password.

Overall, NordPass boasts the security, ease of use, and organization capabilities prized for business use. You can sync your vault across all your devices and have employees securely share data, all at an incredibly low price point.

Pricing

NordPass for Business offers three plans. The first one costs $1.79/month/user and comes in a 10-user pack. The second plan costs $3.59/month/user and supports 5-250 users. The third plan, meant for enterprises, costs $5.39/month/user and supports unlimited users. 

Bear in mind that only the top-tier plan comes with 24/7 support and active directory provisioning. Prices can also be slightly higher if you sign up for an annual contract. 

2. 1Password – Best for Mid-sized to Large Companies

1Password is among the best password managers available for several reasons. For one, it specializes in features that work across multiple platforms and devices, usability, and, most crucially, strong security. Plus, it’s affordable.

For your vault, it uses state-of-the-art encryption technology, and each user is protected by a 34-character code. Beyond this, as with rivals, there’s a password generator that lets you can set rules, such as the length, any special characters needed, and more.

Each 1Password membership also includes the Watchtower security toolkit. This notifies you of any security flaws in your ecosystem, such as weak or outdated passwords, compromised logins, and security upgrades from websites where you save your credentials.

  To support the needs of large businesses, 1Password lets you customize your company’s security policies. It also has powerful admin dashboards for IT teams.

For remote workers and those who travel, 1Password vaults are the best option for keeping confidential data safe. In fact, employees can turn on “travel mode” when traveling across international boundaries. This deletes the vaults with “non-travel-safe data” while ensuring access to “travel-safe” data in separate vaults.

For a while now, there’s been a huge demand for trustworthy financial security. As a result, 1Password added the Privacy cards tool to its arsenal. You can use it to securely autofill the information from your virtual credit cards whenever you shop online.

Unfortunately, you’d need to make a new card for each account since each Privacy card is associated with a distinct business, but you can also establish a spending restriction for each credit card.

Pricing

1Password offers a strong lineup of business-specific plans that are aimed at filling the gap between startups all the way up to larger enterprises. Each offers a 14-day free trial, so you can test the service out before committing long-term:

We liked that the team starter pack costs only around $20/month for 10 team members. That works out to just $2 per employee, an extremely affordable entry point into the world of password security. 

3. Dashlane – Best Designed for Password Organization and Sharing

Dashlane secures passwords using industry-leading AES encryption, biometric authentication, and ongoing vulnerability reviews. It also boasts a built-in VPN that encrypts all of your web traffic for top-notch security.

Sadly, there are no longer any desktop applications, and it’s also pretty expensive, hence why it’s down the bottom of this list. That said, Dashlane employs a zero-trust architecture, which limits your access to your data to you.

  Dashlane’s unique Collections feature makes it easy to organize your passwords and other credentials using a nested folder structure. You can also create Sharing Groups where team members, admins, and group members can collectively access secure items.

256-bit AES encryption and two-factor authentication further ensure that no outsider has the slightest chance of decrypting your vault. Plus, the Dashlane password generator is also excellent, but it only comes in handy when you’re setting up new accounts or individually updating each of your current ones.

The Dashlane password changer allows you to reset all outdated or risky passwords at once, unlike some other password managers, so you won’t have to enter each account individually or alter each password.

Unlimited backup, a VPN, automatic device syncing, priority support, dark web insights and surveillance, and password sharing are features of both commercial memberships. Add to this the user-friendly admin console, and you have a solid corporate PW manager for easy access management.

Pricing

Dashlane offers two personal plans (priced at $4.99/month and $7.49/month) and two business plans (priced at $8/month/user and a custom-priced option).

We were happy to see that Dashlane for Business offers all the tools you need, including on-demand phone support, integration with your Security information and event management (SIEM), and a free VPN. To smoothen the implementation process, you can upgrade to the enterprise plan.

All business users get a free friends and family account, which means that another 10 users will be able to use Dashlane for their personal purposes. 

4. Keeper – Top Password Manager for the Public Sector

Keeper is one of the most trustworthy and secure password managers on the market. The tools it offers are genuinely excellent and include reliable multi-factor authentication, a tool for generating and evaluating passwords, and a data breach scanner, amongst others.

Additionally, Keeper doesn’t skimp on security; it protects all saved data with strong AES-256 encryption and offers a top-notch user experience across a variety of platforms.

The Keeper Security Government Cloud (KSGC) is FedRAMP-authorized and available in the AWS GovCloud. This makes it uniquely suitable for use in the public sector. It integrates with Personal Identity Verification (PIV), a special card issued to those managing federal IT resources and facilities.

An independent messaging program called KeeperChat is one feature that truly sets it apart from other PW managers on the market. It’s compatible with nearly every tablet, smartphone, and desktop. With it, all business correspondence is stored in a safe vault that can only be accessed after confirming your identity.

Beyond this, Keeper’s popularity is largely due to the extent that the app allows you to customize your stored data with permission settings that can span departments, specific teams, or individual users.

Keeper’s business clients can choose between Business and Enterprise variants depending on the size of their business. Overall, this is a top solution for businesses as it offers team-specific capabilities like shared team folders for safe file sharing and unlimited device access.

Pricing

In terms of pricing, you can opt for the Business Starter plan, which covers up to 10 members of staff that work out at $2/user/month, paid annually – this is the best option for small businesses and startups.

For larger enterprises, we recommend trying the Business or Enterprise plans. The overall cost of the Enterprise plan will be determined by contacting the sales team. Although there is no free plan, all plans include a 30-day free trial.

Keeper also offers special pricing for military and medical personnel. An additional 30% discount is available for those working in the defense sector or healthcare. 

5. RoboForm – Best Password Manager for Ease of Use and Automation

RoboForm dates back to the late 1990s, making it one of the first password managers. It stores your login information for all your accounts in one safe location to protect your passwords and personal information, and it makes your life easier with services like its password-filling service.

There are many useful features for businesses aimed at keeping company data and employees safe. For example, you can get role-based access permission to ensure only the relevant people have access to certain sensitive data, which helps protect from leaks.

Also, advanced reporting features can be used to assess passwords and their overall safety. For added safety, you can set as many admins as you need (a minimum of two) in case one of them leaves or forgets the details.

RoboForm connects with identity providers like Azure and Okta to automate user onboarding and account provisioning. It also sends automated custom notifications when password rules are breached. 

RoboForm can also be used to safely onboard and offboard employees — you can set relevant access and create unique passwords, plus, all data is removed from the accounts of staff members who leave.

Besides all this, what users like most about RoboForm is that there’s no limit to the number of passwords that can be kept, and your account password can be saved quickly and conveniently with just one click, whether you like to indulge in some shopping therapy or binge-watch television on Amazon or Netflix.

As you’d expect, RoboForm also has a password checker solution that displays a password’s strength as weak, medium, or strong. But even if it enthusiastically advises using the Generator, there doesn’t seem to be any clear instructions outlining what makes a password weak.

One feature we were a little disappointed with is the password-sharing function, which only allows you to securely share passwords with other RoboForm users, however, this shouldn’t be a problem if you onboard all employees onto Roboform.

Pricing

The free version of RoboForm works like some premium password managers, meaning that small businesses or solo entrepreneurs can use this service without paying a cent. This tier includes all of RoboForm’s top features, such as unlimited logins, form filling, password auditing, and a password generator.

One thing we really like about RoboForm is the pricing structure for business, which allows you to select a plan based on the number of employees you have and how long you’d like the subscription for. There are a lot of different options, but below are the cheapest options per user for a 5-year subscription:

• 1-10 users — $29.95/user/year
• 11-25 users — $26.95/user/year
• 26-100 users — $25.95/user/year
• 101-1000 users — $22.95/user/year
• 1000+ users — Contact the sales team

Considering what’s on offer and the number of users you can onboard, RoboForm offers immense value for money for businesses.

6. Enpass – Best for Storage Optimization and Offline Use 

Enpass is a password manager with a difference – instead of providing you with a separate secure vault, it integrates and syncs login data stored in iCloud, Google Drive, OneDrive, Box, Dropbox, NextCloud, or WebDAV. Enpass encrypts the data and stores it wherever you choose.

For businesses, Enpass offers two storage options: local storage on employee devices or in your Microsoft 365 Business Cloud. This ensures that your credentials are always protected and compliant with GDPR standards. 

Our tests found that Enpass is a great fit for businesses already using Microsoft 365. Employees can share vaults via OneDrive, while admins can use Microsoft to manage access rights. All business plans include an admin console to run audits, check on password health, and provision users. 

Business users also benefit from Premium support, even in the cheapest plan. And, if you have an existing System for Cross-domain Identity Management (SCIM) like Azure AD or Okta, then you can automatically provision new accounts. 

Since Enpass offers local hosting on employee devices, it includes endpoint management capabilities such as unified endpoint management (UEM) and mobile device management (MDM). IT admins can be confident that their data will be safe, even when stored on an employee’s phone or laptop. 

Enpass is a FIDO member, which means that it’s committed to following the latest authentication standards that reduce password reliance. It’s also ISO-compliant.

Pricing

Enpass offers three plans – Starter, Standard, and Enterprise. 

The Starter and the Standard plans are identical, except that you pay less in the Starter plan since you sign up for 10 users in bulk. The Enterprise plan is a major step up since it introduces Enpass Hub, onboarding automation, and custom branding. 

If you sign up for the Enterprise plan, you’ll also get access to a free family plan for every employee, which includes up to 6 family members and unlimited passwords, vaults, and devices. 

7. Password Boss – Best for Storing Both Personal and Business Items 

Password Boss is an affordable password manager for small teams and new businesses. It’s extremely easy to set up and provision, even if your team works remotely. You can use the app’s dashboard to customize security policies and enforce them across one or more corporate domains.

This business password manager uses AES-256 and PBKDF2 algorithms to encrypt your data. While the former is more common, we were happy to find PBKDF2 encryption, which implements iterative cryptography to generate a derived key. Essentially, this form of encryption protects your passwords from brute-force attacks. 

With Password Boss, you have access to servers worldwide to host your data on the cloud. In accordance with GDPR data control rules, you can also move your data whenever you like. 

Password Boss has a remote delete function that you can activate if a team member or employee ever loses their work device. It removes all encrypted information on the device so that no one can access it, even if they somehow manage to get hold of the master password. 

Data sharing, too, is protected by 2048-bit RSA key pairs, an encryption method that makes sure that no decrypted data is ever shared or stored on the server. 

Every business user account in Password Boss will have two profiles – one for work and the other for personal use. This helps keep your business passwords safe and simplify governance.

Pricing

Password Boss follows a simple and straightforward pricing model. It offers a free plan for personal use, a premium plan for businesses and individuals, and a shared plan for families with up to five users. To sign up as a business, you’ll have to visit the company’s website and request a free business trial. 

It also has a dedicated option for managed service providers (MSPs), another reason why it is one of the best password managers for businesses. 

Pros

8. Total Password – Best Simple Password Manager for Solopreneurs and Startups

Total Password is a new contender in this space, but it’s backed up by the strong security and online safety credentials of its parent company, TotalAV, a powerhouse that’s secured its placement as one of the best Antivirus solutions on the market.

Before, they had a password manager built into the antivirus bundle they had on offer, but now, Total Password is a standalone product. For starters, all your passwords and devices sync on the go, so wherever you are in the world, you can safely access all your passwords.

TotalPassword is a no-nonsense business password manager that covers all the bases. It works particularly well with Chrome and Chrome-based browsers and comes with a helpful knowledge base. 

The software is currently available for Chrome, Safari, Opera, and Microsoft Edge, but unlike most, there aren’t any apps for iOS or Android, something we hope to see in the future. This might be a deal-breaker, but considering the price, there’s a lot on offer here.

For example, one particularly useful aspect for businesses is the ability to remotely log out and delete the browser history from any device that uses Total Password. This is ideal for enterprises with remote workforces because, in the instance that a staff member leaves, you can easily wipe the data so it’s no longer accessible.

Plus, you can expect the usual capabilities on offer with other top password managers, such as the useful password generator and autofill feature that saves you time entering long emails or complex passwords the system has generated.

Pricing

In regards to pricing, bear in mind that the $1.99/month is sufficient for one user, and you’ll have to purchase a separate plan for each employee. 

Teams can also opt for the company’s TotalAV Total Security plan, which costs $49/year for the first year and $149/year after that. This gives you a complete package comprising antivirus protection, VPN, device protection, and a business password manager for eight devices. 

9. Norton Password Manager – Best Free Password Manager for Business

Norton password manager is a relatively simple but incredibly secure password management tool that’ll keep your passwords and sensitive documents safe from snoopers. It’s a great all-in-one provider that also features an industry-leading antivirus and one of the best VPNs out there.

Although the password manager comes bundled with the Norton 360 security package with these add-ons, you can get it for free separate from the other products, but the bundle with the VPN and antivirus is a great option for businesses looking for total security coverage.

The Safety Dashboard in Norton Password Manager is also user-friendly and provides information about the passwords kept. For example, it’ll let you know if you’ve used the same password twice, rate its strength, and notify you if it’s out of date or it’s been archived. Plus, it enables you to modify passwords with a single click.

Norton makes it to our list of the best business password managers because it is among the very few trustworthy free apps you can use. If you don’t want a full-fledged password manager, you can also use Norton’s password generation tool for free online.

There’s an excellent password generator on offer, too, that can be used to create unique passwords, and as with NordPass, you can customize the length and strength of it. In terms of overall security, head-on hacker attacks won’t be a problem. Norton’s secure storage vaults use 256-bit AES encryption.

And, because Norton follows a zero-knowledge policy, you’re the only person with access to your vault. Although incredibly safe, the biggest disadvantage of this is that if you forget your master login password, no one can access your vault — and there are no account restoration options. For some businesses, this could be a deal-breaker.

Overall, despite being completely free, Norton’s password manager solution offers incredible security that’s on par with premium solutions. However, it, of course, lacks advanced capabilities you’d find with tools like NordPass, including biometric logins.

Pricing

It’s hard to complain about Norton here, as it’s a free product, so if you own a small business with a handful of staff, it’s a completely free tool you can use to store as many passwords as you like.

Norton’s free password manager for business is also available as part of its antivirus and security packages. These packages cost between $19.99 and $99.48/year and include backup storage, online threat protection, firewalls, VPN, and antivirus, in addition to a password manager. 

Solopreneurs or small teams can use Norton’s premium plans to enjoy end-to-end protection for up to five work devices. 

10. Bitwarden – Best for Corporate Account Recovery

Bitwarden can be a fantastic option to keep all your passwords. This open-source password manager stores all your login information in an encrypted vault. Additionally, it provides desktop and mobile apps, as well as web and command-line interfaces.

Your passwords are encrypted on the device using the AES-256 military-grade cipher. You can also create usernames and passwords using the Bitwarden password generator, and there are many solutions available for improving the strength of your credentials.

  Bitwarden has one of the best account recovery workflows for businesses. Also, it has self-hosting options (helpful if you operate in a regulated industry and gives you API access for integrations.

In urgent situations such as a collision or death, Bitwarden’s emergency access capability is useful for retrieving your account. It could also come in handy for businesses that have a staff member who falls ill or simply leaves the company without prior warning.

However, as with all business password managers, there are flaws to the tool that you should consider. One example of this is Bitwarden’s auto-filling mechanism, which is a little iffy and not particularly user-friendly. Sadly, the data is also kept in a country that participates in an alliance for data surveillance.

Overall, it may not be the finest password manager, but it does use zero-knowledge encryption architecture, and it boasts all the core capabilities companies need, all at an incredibly low price, making it a worthy name on our list.

Pricing

Bitwarden offers a free plan for individual users and supports unlimited devices. However, there is no free business plan. 

You can choose from three plans: $4/month/user, $6/month/user, and custom priced. The $4 plan is essentially an upgraded version of Bitwarden Premium, with logs, groups, and directories now included. The enterprise plan is surprisingly robust, with advanced features like passwordless SSO integration. 

The Best Business Password Managers in 2024 Compared

Below is a useful comparison of all the top password managers for businesses on this list. Here, you can easily compare the plans and compatibility of each one:

As you can see, most of these business password managers offer a free trial. If you can’t decide which one to use, you can narrow down 2-3 options and then conduct a brief trial or pilot for each. 

How We Test Password Managers

At TechReport, we’ve been at the forefront of technology reporting and product reviews since 1999. Our team focuses on a variety of business software categories, including cybersecurity and password management. For this guide, we started with a list of 27 contenders and narrowed them down to the top 10. 

We then proceeded to test these 10 best business password managers based on how well they meet the needs of small teams as well as large organizations. We paid special attention to business-specific features like onboarding/offboarding, sharing groups, admin dashboards, and password policy enforcement – in addition to core features like vault encryption and master passwords. 

Based on our findings, we then ranked the tools in terms of their overall efficacy as well as their suitability for specific use cases. 

The TechReport team is well-versed in password management technology, having authored detailed guides on the best options for Mac devices, password managers in the UK, and double-blind passwords. Additionally, we have reviewed top platforms like 1Password, Keeper, and Android’s default password manager in exhaustive detail. 

This informs our understanding of the domain and current market offerings. To present our unbiased views, we also refer to real-world user opinions from G2, Capterra, TrustRadius, and Reddit password manager reviews.

Looking for a Free Password Manager for Business? Read This First

Unlike other programs, password management providers typically provide their solutions for free. Everyone appreciates free software, especially when it has the necessary functions.

Although they offer the capabilities needed to store your passwords safely, these free plans do, of course, have certain restrictions, such as a limited number of users and fewer features.

For businesses, it’s important to opt for a paid option unless you have just one or two employees, then you could perhaps stretch a free plan to the max, but generally speaking, you’ll get more premium features like data breach alerts and secure password sharing on a paid plan.

If you have 5 or more members of staff, a free password manager simply won’t do, as they rarely allow over 5 users. We’d recommend trying a premium service like NordPass, which only costs $3.59/user/month, and comes with a ton of business-specific features like onboarding and offboarding capabilities.

Selecting the Best Business Password Manager: A Buyer’s Guide

The password manager you choose will make a big difference to your business operations. It’ll determine how quickly (or slowly) your employees sign into the various apps and websites they use for work every day. It’ll also influence your resilience to data breaches and phishing attacks. 

So, choose wisely, and consider the following key factors when buying a password manager for your business: 

How Safe is Your Business Password Manager? A Closing Argument

Manual management of the numerous passwords and other credentials used in a business is practically impossible. Using a password management system will increase staff collaboration on shared accounts and strengthen security at your business.

However, you also have to ensure that you select a password manager that’s protected from cyber attacks. Otherwise, you could be handing over your most precious business information to criminals on a silver platter! 

That’s exactly what happened when LastPass was hacked in 2022, although user data remained encrypted and indecipherable to the criminals who gained access. Look for software that provides robust encryption in transit and in rest, data hosting options, and MFA.

The best password managers for businesses provide streamlined sign-ins, secure password sharing, and numerous levels of additional data security. All these benefits are available from a reputable source like NordPass. Try it now, it offers the best value for money you’ll find with PW managers.

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