# Best Password Management Software - 2026 Reviews & Pricing

> Find the best Password Management Software for your organization. Compare top Password Management Software systems with customer reviews, pricing, and free demos.

Source: https://www.softwareadvice.com/password-management

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# Best Password Management Software of 2026

Updated July 1, 2026

On this page

1.  Popular Comparisons
2.  Buyers Guide
3.  Related Software

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### Compare Products

Showing 1 - 25 of 100 products

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**Sponsored**: Sorts listings by software vendors running active bidding campaigns, from the highest to lowest bid. Vendors who have paid for placement have a ‘Visit Website’ button, whereas unpaid vendors have a ‘Learn More’ button.  
  
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4.51

[(43)](https://www.softwareadvice.com/identity-management/zoho-vault-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Zoho Vault is a cloud-based security solution that helps teams manage their online passwords. Users can store and organize passwords in the database and Zoho Vault encrypts them using AES-256. Teams can share passwords with each other and access privileges can be set for each member. Mobile apps are available for Android and iOS Zoho Vault allows users to log in directly to other websites and applications without entering login credentials. They can also establish ownership for all passwords stored in the system and password policies can be established so that team members are required to generate strong passwords. Passwords can be imported in bulk and exported for offline access. An activity can be tracked through audit trails and users can centrally control access to the system. The solution integrates with directories and productivity suites for onboarding. Zoho Vault is priced per user on a monthly subscription basis.... [Read more](https://www.softwareadvice.com/identity-management/zoho-vault-profile/)

### Best rated features:

Access Certification

5.0

Self-Service Access Request

5.0

Secure Login

5.0

User Provisioning

5.0

### Worst rated features:

Two-Factor Authentication

3.0

Secure Data Storage

3.5

[See all features](https://www.softwareadvice.com/identity-management/zoho-vault-profile/#key-features)

### Free Forever

$0.00

This plan is for personal use.

### Standard

$1.00/month

### Professional

$5.00/month

This plan allows minimum 5 users.

[See full pricing details](https://www.softwareadvice.com/identity-management/zoho-vault-profile/#pricing-and-plans)

3.0

[(1)](https://www.softwareadvice.com/product/513123-AutoElevate/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

CyberFOX AutoElevate is a privileged access management solution designed to remove local admin rights from end users while allowing access to necessary applications and tasks. It is used by managed service providers and IT professionals in sectors such as education, government, and manufacturing. The solution helps implement least privilege access controls without disrupting workflows or increasing support tickets. The platform uses automated privilege management with rule-based responses to User Account Control events. Technicians can determine whether approvals or denials apply to single instances or become ongoing policies. Automated tickets capture details such as requestor information, machine details, status, and outcomes of privilege requests. The system supports compliance with frameworks such as CIS Critical Controls and NIST recommendations for least privilege access. CyberFOX AutoElevate allows remote privilege management, enabling IT teams to handle access requests without on-site intervention. It helps organizations address compliance requirements and reduce risks associated with standing administrative privileges.... [Read more](https://www.softwareadvice.com/product/513123-AutoElevate/)

### Best rated features:

Access Controls/Permissions

3.0

Access Management

3.0

[See all features](https://www.softwareadvice.com/product/513123-AutoElevate/#key-features)

4.67

[(506)](https://www.softwareadvice.com/password-management/keeper-password-manager-profile/reviews/)

Best for:Ease of use

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Keeper is a cloud-based business security solution that offers multi-tenant password management and secure file storage. It offers a "zero-knowledge" security feature, which allows users only with access to the information being stored on the device and in the Keeper cloud security vault. The solution synchronizes with multiple devices and can be used by multiple users. It allows users to create high-strength random passwords. Users can make password policies and monitor password compliance with Keeper's dashboards, reporting, auditing and notifications. Keeper provides mobile security and data loss prevention and is compatible with desktop computers and mobile devices. Key features include an IT admin console with password security enforcement, user provisioning, delegated administration and active directory integration. The solution uses 256-bit AES encryption, PBKDF2 key generation, perfect forward secrecy and two-factor authentication. The platform works with businesses of all sizes to integrate security, privacy and internal controls. Pricing is both per month and per year.... [Read more](https://www.softwareadvice.com/password-management/keeper-password-manager-profile/)

### What users love

-   Comprehensive password organization tools
-   User-friendly and accessible interface
-   Robust security and data protection

### To take in mind

-   Expensive subscription and add-ons

### Best rated features:

Application Security

5.0

Threat Intelligence

5.0

Reporting/Analytics

5.0

Data Security

5.0

### Worst rated features:

Autosave & Autofill

3.9

Audit Trail

4.0

[See all features](https://www.softwareadvice.com/password-management/keeper-password-manager-profile/#key-features)

### Privileged Access Management Platform

Custom

Pricing available upon request

Modern control plane for humans, machines, NHIs and AI agents

### Business Starter Password Manager

$2.00/month

Protects sole proprietors and small teams

### Business Password Manager

$4.00/month

Company-wide security, visibility and administration

[See full pricing details](https://www.softwareadvice.com/password-management/keeper-password-manager-profile/#pricing-and-plans)

4.72

[(215)](https://www.softwareadvice.com/encryption/bitwarden-profile/reviews/)

Best for:Small businesses

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Bitwarden is an open source password management solution that empowers enterprises and individuals to securely store and share sensitive data with end-to-end encryption. Share Encrypted Information - Share your sensitive information safely and securely with individuals, teams, and enterprises. - Transmit encrypted information via a secure link to anyone through your preferred communication channel like text or email. Make Password Management Convenient - Generate and store your strong and unique passwords all in one place. - Access account credentials from anywhere, on any device with secure cloud syncing. - Bitwarden offers multiple client options to access your password vault including desktop, mobile, browser, web, and CLI. - Autofill makes it easy to quickly and securely log in to accounts. Strengthen Your Security - Identify potential security weaknesses like reused, exposed, or weak passwords, and other helpful data security metrics. - With exportable event logs, gain transparency into user activity around sensitive data within your organization's vault. - Login to your Bitwarden Vault with MFA for an even stronger line of defense. Integrate into Your Tech Environment - Bitwarden is deployable in both cloud-based and on-premise environments. - Our robust Directory Connector and SCIM integration streamline user and group onboarding with automatic account provisioning and de-provisioning. - Seamlessly integrate Bitwarden into your existing tech stack with powerful APIs, SSO and directory service integrations, CLI automations, and more.... [Read more](https://www.softwareadvice.com/encryption/bitwarden-profile/)

### Best rated features:

Security Auditing

5.0

Secure Data Storage

5.0

Two-Factor Authentication

5.0

Mobile Access

5.0

### Worst rated features:

Privileged Account Management

4.0

[See all features](https://www.softwareadvice.com/encryption/bitwarden-profile/#key-features)

### Teams

$4.00/month

Unlimited users

### Enterprise

$6.00/month

Unlimited users

### Custom

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/encryption/bitwarden-profile/#pricing-and-plans)

4.86

[(4829)](https://www.softwareadvice.com/hr/rippling-profile/reviews/)

Best for:Mid-size businesses

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Rippling is an integrated workforce management platform that unifies HR, IT, and finance tools to streamline operations. It centralizes employee data and automates tasks, offering features such as workflow studio for automation, reporting analytics, automated policies, and permissions management. Rippling provides specialized suites for various needs: Rippling HR manages the employee lifecycle, Rippling Payroll automates payments and direct deposits, IT tools enhance IT security with identity and device management, and the Finance suite integrates corporate cards, expenses, and accounts payable automatically. It also supports global compliance for onboarding and management across countries. Rippling is an all-in-one platform that offers a wide range of features to streamline HR operations, enhance security measures, automate payroll processes and control company costs. With its focus on scalability, security, automation and cost management, Rippling empowers businesses to optimize their workforce operations, reduce risks and achieve operational efficiency across their organization.... [Read more](https://www.softwareadvice.com/hr/rippling-profile/)

### What users love

-   User-friendly all-in-one platform
-   Centralized payroll and HR management
-   Intuitive and organized interface

### To take in mind

-   Slow and inconsistent support response
-   Cumbersome time off management
-   Overly strict and confusing security

### Best rated features:

Online Booking

5.0

Personalization and Recommendation

5.0

Availability Management

5.0

Job Board

5.0

[See all features](https://www.softwareadvice.com/hr/rippling-profile/#key-features)

### Core

$8.00/month

Custom Quote available

### Pro

$8.00/month

Custom Quote available

[See full pricing details](https://www.softwareadvice.com/hr/rippling-profile/#pricing-and-plans)

4.51

[(39)](https://www.softwareadvice.com/access-governance/nordpass-business-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

NordPass Business — The Ultimate Password Manager for Your Organization. Trusted by businesses worldwide, NordPass Business offers a cutting-edge, zero-knowledge security architecture password management solution for businesses of all sizes and industries. NordPass Business is designed to empower organizations by simplifying password management, enhancing security, and improving productivity. NordPass Business provides an array of features that make it an indispensable tool for businesses: - Log in to your accounts instantly. - Safely share access and sensitive data between teams. - Smoothly onboard and offboard employees. - Enforce a company-wide password policy. - Receive instant breach alerts. - Identify weak, old, or reused passwords. - Get access to the activity log of all employees And more. You can also use passkeys - a new type of authentication that allows users to securely log in to websites and applications without having to enter their password. Unlock your team's full potential by letting NordPass take the load off their hands without sacrificing security!... [Read more](https://www.softwareadvice.com/access-governance/nordpass-business-profile/)

### Best rated features:

Alerts/Notifications

5.0

Secure Login

5.0

Real-Time Monitoring

5.0

Risk Assessment

5.0

[See all features](https://www.softwareadvice.com/access-governance/nordpass-business-profile/#key-features)

### Business

$3.59/month

Up to 250 users.

[See full pricing details](https://www.softwareadvice.com/access-governance/nordpass-business-profile/#pricing-and-plans)

4.33

[(24)](https://www.softwareadvice.com/cybersecurity/manageengine-password-manager-pro-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

ManageEngine Password Manager Pro is an enterprise-grade privileged password management solution. It securely stores and manages sensitive information such as shared passwords, documents, and digital identities. Password Manager Pro is a complete solution to control, manage, monitor, and audit the entire life cycle of privileged access. In a single package, it offers three solutions - privileged account management, remote access management, and privileged session management.... [Read more](https://www.softwareadvice.com/cybersecurity/manageengine-password-manager-pro-profile/)

### Best rated features:

Application Security

5.0

Secure Password Sharing

5.0

Compliance Management

5.0

Two-Factor Authentication

5.0

[See all features](https://www.softwareadvice.com/cybersecurity/manageengine-password-manager-pro-profile/#key-features)

### Password Manager Pro Standard Edition

$595.00/year

The plan offers an perpetual license which starts at $1495

### Password Manager Pro Premium Edition

$1,395.00/year

The plan offers an perpetual license which starts at $3595

### Password Manager Pro Enterprise Edition

$3,995.00/year

The plan is also available on an perpetual basis starting from $10195

[See full pricing details](https://www.softwareadvice.com/cybersecurity/manageengine-password-manager-pro-profile/#pricing-and-plans)

4.50

[(2)](https://www.softwareadvice.com/product/543278-Netwrix-Password-Secure/)

### Pricing availability

Free trial: Not available

Free version: Not available

### Best rated features:

Access Controls/Permissions

5.0

Credential Management

5.0

Password Management

5.0

Encrypted Password Storage

5.0

### Worst rated features:

Password Policies

3.0

Password Synchronization

4.0

Password Generator

4.0

[See all features](https://www.softwareadvice.com/product/543278-Netwrix-Password-Secure/#key-features)

4.60

[(57)](https://www.softwareadvice.com/mobility/manageengine-adselfservice-plus-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

ADSelfService Plus is an identity security solution that ensures secure and seamless access to enterprise resources and establishes a Zero Trust environment. With adaptive multi-factor authentication (MFA), single sign-on (SSO), self-service password management, a password policy enhancer, remote work enablement, and workforce self-service, ADSelfService Plus provides your employees with secure, simple access to the resources they need. ADSelfService Plus helps keep identity-based threats out, fast-tracks application onboarding, improves password security, reduces help desk tickets, and empowers remote workforces. The core features of ADSelfService Plus include: Adaptive MFA Enable context-based MFA with 19 different authentication factors for endpoint and application logins. Enterprise SSO Allow users to access all enterprise applications with a single, secure authentication flow. Password management and security Simplify password management with self-service password resets and account unlocks, strong password policies, and password expiry notifications. Enterprise self-service Delegate profile updates and group subscriptions to end users and monitor these self-service actions with approval workflows. Remote work enablement Enhance remote work with cached credential updates, secure logins, and mobile password management. Powerful integrations Establish an efficient and secure IT environment through integration with SIEM, ITSM, and IAM tools. Reporting and auditing Simplify auditing with predefined, actionable reports about authentication failures, logon attempts, and blocked users. Highlights - Keep identity-based threats out with adaptive MFA for endpoints - Eliminate password fatigue by providing users with secure and seamless access to enterprise applications using SSO and password sync - Minimize help desk workload by drastically reducing password-related tickets using password self-service - Fortify weak passwords with strong password policies - Secure remote work by providing protected access to resources even outside the corporate network - Remind users to change their AD password before it expires using password expiration notifications - Keep users' AD profile details up to date by allowing them to securely perform directory self-updates - Comply with regulatory standards, like the GDPR, NIST, and the PCI DSS - Create a Zero Trust network infrastructure. ManageEngine also offers Onboarding for ADSelfService Plus which is our holistic solution implementation service by experts for your unique business requirements. Get onboarding services here https://www.manageengine.com/onboarding/iam-and-siem-onboarding.html?utm\_source=Softwareadvice&utm\_medium=onboardingl&utm\_campaign=product\_listing\_default... [Read more](https://www.softwareadvice.com/mobility/manageengine-adselfservice-plus-profile/)

### Best rated features:

Real-Time Updates

5.0

Password Policies

5.0

Activity Tracking

5.0

User Management

5.0

### Worst rated features:

Password Synchronization

2.5

Multi-Factor Authentication

3.0

Reporting/Analytics

3.7

Single Sign On

3.8

[See all features](https://www.softwareadvice.com/mobility/manageengine-adselfservice-plus-profile/#key-features)

### ADSelfService Plus Standard Edition

$595.00/year

The plan offers password management including password expiration reminders, a self-service directory updater, a multiplatform password synchronizer and a single sign-on for cloud applications.... [Read more](https://www.softwareadvice.com/mobility/manageengine-adselfservice-plus-profile/#pricing-and-plans)

### ADSelfService Plus Professional Edition

$1,195.00/year

The plan offers password management and single sign-on. 500 domain users- $1195/year 1000 domain users- $1795/year 1500 domain users- $2145/year 2000 domain users- $2395/year 3000 domain users- $3345/year 5000 domain users- $4795/year 7500 domain users- $5995/year 10000 domain users- $6595/year 20000 domain users- $8395/year 50000 domain users- $10,795/year 100,000 domain users- $12,995/year Unlimited domain users- $19,995/year... [Read more](https://www.softwareadvice.com/mobility/manageengine-adselfservice-plus-profile/#pricing-and-plans)

### Endpoint MFA Standard edition:

$195.00/year

Endpoint MFA is priced on an annual subscription basis as well. scaled by the number of users. Two editions are available — Standard (starting at $195/year) and Professional (starting at $295/year).... [Read more](https://www.softwareadvice.com/mobility/manageengine-adselfservice-plus-profile/#pricing-and-plans)

[See full pricing details](https://www.softwareadvice.com/mobility/manageengine-adselfservice-plus-profile/#pricing-and-plans)

4.49

[(276)](https://www.softwareadvice.com/password-management/dashlane-business-profile/reviews/)

Best for:Encrypted Password Storage

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Dashlane provides intelligent credential security, protecting businesses against the threat of human risk. The Dashlane Omnix™ platform unifies credential protection and password management, equipping IT and Security teams with proactive intelligence, real-time response, and protected access to secure every employee. Over 25,000 brands worldwide trust Dashlane for industry-leading innovations, patented zero-knowledge security, and an unmatched user experience - Industry-leading security standards: Dashlane leads the industry in security quality, using the strongest encryption available and patented technology to protect organizations from breaches. - Proactive breach protection: Dashlane continuously scans billions of breach records to ensure no credential-based threat in your organization goes undetected—and we even let you know about exposed credentials of employees who aren't actively using a Dashlane vault. - AI-powered phishing protection: Dashlane keeps employees safe as they browse with phishing-resistant autofill and in-context alerts powered by Dashlane AI. Dashlane AI analyzes 80 domain attributes to conduct an in-depth analysis of a potential phishing risk and alert an employee before they enter their credentials. - Fast, frictionless access for your entire organization: Dashlane is easy for you to roll out and easy for your employees to use. That means a massive reduction in IT tickets about password management and sharing, saving you time and money. - Seamless integration for immediate ROI: Dashlane works with your infrastructure, security stack, and workflow for holistic credential security that you can mass deploy in minutes. Our Confidential SSO & Provisioning are compatible with the most popular IdPs.... [Read more](https://www.softwareadvice.com/password-management/dashlane-business-profile/)

### Best rated features:

Two-Factor Authentication

5.0

Access Certification

5.0

Access Management

5.0

Authentication

5.0

### Worst rated features:

Data Synchronization

2.0

Mobile Alerts

2.0

Activity Dashboard

2.0

Biometrics

2.0

[See all features](https://www.softwareadvice.com/password-management/dashlane-business-profile/#key-features)

### Business

$8.00/month

Billed annually

### Omnix

$11.00/month

Billed annually

[See full pricing details](https://www.softwareadvice.com/password-management/dashlane-business-profile/#pricing-and-plans)

4.97

[(30)](https://www.softwareadvice.com/security/gatekeeper-enterprise-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Shared computer access control with 2FA and automatic user-switching. Login to shared computers using phoneless-2FA and automatically lock computers. If a new user logs in with the same account, the solution will automatically start a new session and log out the previous user's session. All with automatic computer lock when users leave. Perfect for high-tempo environments. GateKeeper Enterprise is a proximity-based access control solution that helps businesses minimize unauthorized data exploitation via user authentication, password management and more. Professionals can utilize the admin console to manage access control lists for specific devices, assign users to workstations and deploy various security policies such as two-factor authentication across the system. Gatekeeper Enterprise allows organizations to monitor ongoing activities and maintain audit logs in compliance with industry regulations. Managers can provide employees with wireless access keys/tokens to unlock assigned system devices and automate the login process. Additionally, it lets users track the location of network devices and generate analytical reports. Gatekeeper Enterprise comes with an administrative dashboard, which enables businesses to view real-time event logs and filter data based on credentials, computers or activity. Pricing is based on the number of users and support is extended via phone, email and other online measures.... [Read more](https://www.softwareadvice.com/security/gatekeeper-enterprise-profile/)

### Best rated features:

Password Management

5.0

Data Security

5.0

Two-Factor Authentication

5.0

User Provisioning

5.0

### Worst rated features:

Audit Trail

3.0

API

4.0

[See all features](https://www.softwareadvice.com/security/gatekeeper-enterprise-profile/#key-features)

### GateKeeper Enterprise Core

$3.00/month

GateKeeper Enterprise Core Plan is made for small teams that need to secure computers in the workplace.... [Read more](https://www.softwareadvice.com/security/gatekeeper-enterprise-profile/#pricing-and-plans)

### GateKeeper Enterprise Advanced

$5.00/month

GateKeeper Enterprise Advanced Plan is made for medium-sized organizations that need to secure computers in the workplace and give employees a hassle-free authentication workflow without passwords.... [Read more](https://www.softwareadvice.com/security/gatekeeper-enterprise-profile/#pricing-and-plans)

### GateKeeper Enterprise Ultimate

$8.00/month

GateKeeper Enterprise Advanced Plan is made for large organizations that need to secure computers in the workplace and give employees a hassle-free authentication workflow without passwords. Made for IT managers that need to control many users and their dynamic authentication workflows with fast 2FA.... [Read more](https://www.softwareadvice.com/security/gatekeeper-enterprise-profile/#pricing-and-plans)

[See full pricing details](https://www.softwareadvice.com/security/gatekeeper-enterprise-profile/#pricing-and-plans)

[Conecta Suite](https://www.softwareadvice.com/risk-management/conecta-suite-profile/)

4.85

[(47)](https://www.softwareadvice.com/risk-management/conecta-suite-profile/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Conecta Suite is the ideal solution for those looking to maximize the potential of Google Workspace and boost team productivity. With features that make management more efficient and secure, it offers advanced and customized control to meet your company's specific needs. By integrating Conecta Suite, you enhance the use of the Admin Console with increased security and detailed resource management, allowing your team to collaborate and communicate more smoothly and securely. Conecta Suite not only optimizes productivity but also strengthens security, safeguarding your data against threats and unauthorized access. Key features include: ✅ Automatic email signature reapplication; ✅ Access restrictions by time, system, browser, and IP; ✅ Custom shift scheduling; ✅ Automatic or manual device disconnection; ✅ Deactivation of licenses for former employees; ✅ Detailed reports on logins and file sharing; ✅ Custom login screen with company branding; ✅ Email and Drive file migration between users... [Read more](https://www.softwareadvice.com/risk-management/conecta-suite-profile/)

### Best rated features:

Authentication

5.0

Alerts/Notifications

5.0

Data Synchronization

5.0

Data Security

5.0

### Worst rated features:

Reporting & Statistics

4.0

Active Directory Integration

4.0

[See all features](https://www.softwareadvice.com/risk-management/conecta-suite-profile/#key-features)

### Basic

R$0.00/year

### Standard

R$2.49/year

Inclui Plano Gratuito Preço BRL R$

### Security

R$7.79/year

Inclui Plano Gratuito + Standard Preço BRL R$

[See full pricing details](https://www.softwareadvice.com/risk-management/conecta-suite-profile/#pricing-and-plans)

[LogMeOnce](https://www.softwareadvice.com/authentication/logmeonce-profile/)

4.78

[(130)](https://www.softwareadvice.com/authentication/logmeonce-profile/reviews/)

Best for:Password Management

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

LogMeOnce is a cloud-based password and identity management solution that enables businesses of all sizes to manage login credentials and provide secure access to documents, applications and services via a unified portal. The platform allows organizations to protect user accounts against hack attempts and identity theft by scanning the dark web for stolen passwords. LogMeOnce includes cloud storage encryption capabilities, which allow users to encrypt images, files, documents and other data stored on Google Drive, Dropbox, OneDrive and other storage applications. It offers a host of features such as auto-login, user/group management, Single Sign-On (SSO) and two-factor authentication, geofencing and more. Additionally, enterprises can personalize the interface with custom logos to establish brand identity. LogMeOnce lets managers generate reports to view and monitor identity and password vulnerabilities through charts and security metrics. Pricing includes monthly subscriptions and support is provided via phone, email and other online measures.... [Read more](https://www.softwareadvice.com/authentication/logmeonce-profile/)

### Best rated features:

Access Controls/Permissions

5.0

Secure Data Storage

5.0

User Provisioning

5.0

Authentication

4.9

### Worst rated features:

User Management

4.0

Activity Dashboard

4.0

Real-Time Monitoring

4.0

[See all features](https://www.softwareadvice.com/authentication/logmeonce-profile/#key-features)

### Teams Edition

$4.00/month

Securely auto Login to your sites Dedicated secure vault for each user Securely share with your team Share passwords, notes, files & more Comprehensive Two-Factor Authentication (2FA) User and group management Policy & administration console Multiple secure login options PasswordLess Login Standard password policy Security audit trail & Activity report Your brand + your company logo Supports Windows, Mac, Linux, iOS and Android Access from unlimited devices 1 GB Encrypted file storage Priority Technical Support14 Days Free Trial... [Read more](https://www.softwareadvice.com/authentication/logmeonce-profile/#pricing-and-plans)

### Business Edition

$7.99/month

All Features of Teams Password Manager, plus Single Sign-On (SSO) and SAML 2.0 Azure & Active Directory (AD) integration SCIM Integration Unlimited Identity Providers (IdPs) Automated user provisioning Real-time AD provisioning Roles Based Access Control (RBAC) Fine-grained access control Delegated administrations Real-time Administrative Dashboard Live Scorecard Dashboard Identity Theft Protection Webhook Integration Slack, Teams & more Integrations Advanced Audit Trail & Activity report Dark Web Monitoring Advanced Apps password policy 10 GB Encrypted file storage Priority Technical Support... [Read more](https://www.softwareadvice.com/authentication/logmeonce-profile/#pricing-and-plans)

[See full pricing details](https://www.softwareadvice.com/authentication/logmeonce-profile/#pricing-and-plans)

[AxCrypt](https://www.softwareadvice.com/cloud-security/axcrypt-profile/)

4.89

[(27)](https://www.softwareadvice.com/cloud-security/axcrypt-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

AxCrypt is an encryption software with 256-bit AES encryption, developed for both businesses and private individuals. The Premium and Business subscriptions offer cloud storage awareness and key sharing to enable file sharing between users. This allows the user to comply with data protection regulation, whilst simultaneously protecting vital files from data breaches. AxCrypt Premium and Business subscriptions offer a password manager and generator to ensure cybersecurity across processes. The solution is available in a variety of languages, including English, Dutch, French, German, Italian, Korean, Portuguese, Spanish, Swedish, Turkish, Russian, Polish and more. FEATURES: - File Encryption: Use AxCrypt to encrypt sensitive documents, photos, videos, and other files in your phone’s storage. - Cloud File Encryption: AxCrypt integrates with Google Drive, OneDrive, and Dropbox to secure files stored on them. - Password Manager: Use AxCrypt’s built-in password manager to generate, save, and manage strong passwords. You can also securely save credit and debit card information and write encrypted notes. - Secure File Sharing: Encrypted files can be shared with others using just an email address. Only the shared recipients can access and modify the file. - Master Key: Manage, reset, and recover encrypted accounts within your organizations if someone forgets their password. - Desktop Version: Auto-encrypt files on your Windows or Mac and sync encrypted files to your cloud storage.... [Read more](https://www.softwareadvice.com/cloud-security/axcrypt-profile/)

### Best rated features:

HIPAA Compliant

5.0

Encryption

5.0

Cloud Security Policy Management

5.0

Event Logs

5.0

[See all features](https://www.softwareadvice.com/cloud-security/axcrypt-profile/#key-features)

### Premium

$5.00/month

For Private users. Password Manager plus.

### Business

$12.00/month

For Organisations. Premium plus.

### Password Manager

$1.00/month

Secure Your Passwords, Cards, and Notes with AES-256. Access, Share and Sync from Any Device!

[See full pricing details](https://www.softwareadvice.com/cloud-security/axcrypt-profile/#pricing-and-plans)

[Avatier Identity Anywhere](https://www.softwareadvice.com/single-sign-on/avatier-profile/)

4.86

[(35)](https://www.softwareadvice.com/single-sign-on/avatier-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Avatier Identity Anywhere is a cloud-based identity management solution designed to help businesses manage their employees' digital security. It includes features like password management, single sign-on, lifecycle management and group automation. Avatier Identity Anywhere password manager includes secure stations with biometrics and facial recognition technologies. Password administrators can choose to include or exclude individuals, groups or even the entire operational unit to control deployment of emails and security updates. Its single sign-on module features instant directory authentication and auto-detection and policy enforcement. Avatier Identity Anywhere solution includes integrated audit controls to enforce policy compliance before role assignment. Admins can receive and approve users requests from their smartphones and tablets. The solution is available on a per user per month subscription. Support is offered via phone, email and live chat.... [Read more](https://www.softwareadvice.com/single-sign-on/avatier-profile/)

### Best rated features:

Access Control

5.0

Application Security

5.0

Access Management

5.0

Encrypted Password Storage

5.0

### Worst rated features:

Audit Trail

1.0

[See all features](https://www.softwareadvice.com/single-sign-on/avatier-profile/#key-features)

### Basic

$1.50/month

[See full pricing details](https://www.softwareadvice.com/single-sign-on/avatier-profile/#pricing-and-plans)

[Twilio User Authentication & Identity](https://www.softwareadvice.com/email-verification/account-security-profile/)

4.81

[(52)](https://www.softwareadvice.com/email-verification/account-security-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Twilio User Authentication & Identity offers digital identity verification and intelligence tools to build mutual trust between business and consumer. Verify end-users are who they say they are across SMS, email, WhatsApp, TOTP, Push Verification and more with Twilio Verify, a single API for multichannel verification. The Lookup API provides in-depth information behind a phone number to power trusted interactions with phone number formatting, line type, and SIM swap and call forwarding detection, and more..... [Read more](https://www.softwareadvice.com/email-verification/account-security-profile/)

### Best rated features:

Activity Dashboard

5.0

Address Validation

5.0

Encrypted Password Storage

5.0

Credential Management

5.0

### Worst rated features:

API

2.5

Fraud Detection

3.0

Access Controls/Permissions

3.0

Activity Tracking

3.3

[See all features](https://www.softwareadvice.com/email-verification/account-security-profile/#key-features)

### Basic

$0.05

[See full pricing details](https://www.softwareadvice.com/email-verification/account-security-profile/#pricing-and-plans)

[TeamPassword](https://www.softwareadvice.com/password-management/teampassword-profile/)

4.79

[(75)](https://www.softwareadvice.com/password-management/teampassword-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

TeamPassword is a cloud-based solution that enables small businesses to share and manage passwords across teams. Key features include password synchronization, user management, multi-factor authentication, encryption and alerts/notifications. TeamPassword allows teams to create groups with specific members, share login credentials across multiple organizational levels and control user access via a centralized dashboard. Businesses can use the built-in password generator to create random passwords and secure accessibility through 2-step verification or encryption methods. Additionally, it helps businesses to keep track of all logins and activities across the organization and send customizable email notifications in case of any major changes. TeamPassword comes with an application for Android and iOS devices, which allows administrators to gain visibility across account activities even from remote locations. Pricing is available on request and support is extended via email and other online measures.... [Read more](https://www.softwareadvice.com/password-management/teampassword-profile/)

### Best rated features:

Password Database

5.0

Two-Factor Authentication

5.0

Password Management

5.0

Encrypted Password Storage

5.0

[See all features](https://www.softwareadvice.com/password-management/teampassword-profile/#key-features)

### Standard

$2.41/month

Unlimited Records Unlimited Shared Groups Unlimited Devices Browser Extensions Mobile Apps Password Generator Password Strength Indicator Activity Log File Attachments (10MB) Multi-Factor Authentication Google SSO Live Customer Support... [Read more](https://www.softwareadvice.com/password-management/teampassword-profile/#pricing-and-plans)

### Enterprise

$5.25/month

Everything in Standard TOTP Authenticator One-time Secret View-only User Role More Attachment Storage (250MB)... [Read more](https://www.softwareadvice.com/password-management/teampassword-profile/#pricing-and-plans)

[See full pricing details](https://www.softwareadvice.com/password-management/teampassword-profile/#pricing-and-plans)

[Password Depot](https://www.softwareadvice.com/product/464673-Password-Depot/)

4.77

[(86)](https://www.softwareadvice.com/product/464673-Password-Depot/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Password Depot is an on-premise password management solution that helps businesses secure passwords and other confidential data. The software uses advanced AES Rijndael 256 double encryption to protect against unauthorized access. It features a password generator that creates strong, secure passwords, eliminating the need to remember multiple passwords. Password Depot also provides sync capabilities that provide a consistent experience, enabling individuals and teams to access their data from anywhere.... [Read more](https://www.softwareadvice.com/product/464673-Password-Depot/)

### Best rated features:

Secure Login

5.0

Encryption

5.0

Alerts/Escalation

5.0

Data Security

5.0

### Worst rated features:

Two-Factor Authentication

3.0

SSL Security

3.0

Access Controls/Permissions

4.0

Alerts/Notifications

4.0

[See all features](https://www.softwareadvice.com/product/464673-Password-Depot/#key-features)

### New License (Personal)

€99.95one time

Lifetime license for the Windows client.

### Upgrade (Personal)

€79.95one time

Upgrade to the latest Password Depot version already having owned a previous version. Lifetime license for the Windows client.... [Read more](https://www.softwareadvice.com/product/464673-Password-Depot/#pricing-and-plans)

### Family - License (Personal)

€149.95one time

5 lifetimes licenses for friends or family for the Windows Client.

[See full pricing details](https://www.softwareadvice.com/product/464673-Password-Depot/#pricing-and-plans)

[Forghetti](https://www.softwareadvice.com/password-management/forghetti-profile/)

4.82

[(34)](https://www.softwareadvice.com/password-management/forghetti-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Forghetti is a password management solution that allows small businesses to generate passwords, PINs and memorable words by drawing unique doodles for every user. It comes with a Doodlepad, which enables users to create specific doodles with lines, dots, symbols, and squiggles, ensuring secure access across all password-protected applications. Forghetti detects a breach in security and sends notifications to administrators, prompting users to change passwords before data loss. It lets enterprises configure permission levels and provide data access by sharing doodles with the team, facilitating data privacy. Additionally, users can log in to the platform by an SMS authentication process, forgoing the need for a master password. Forghetti provides mobile applications for iOS and Android devices, which lets users create, group, share and manage doodle-enabled passwords, even from remote locations. It is available for free or on monthly subscriptions and support is extended via email.... [Read more](https://www.softwareadvice.com/password-management/forghetti-profile/)

### Basic

£26.00/year

[See full pricing details](https://www.softwareadvice.com/password-management/forghetti-profile/#pricing-and-plans)

[1Password](https://www.softwareadvice.com/cloud-security/1password-profile/)

4.74

[(2128)](https://www.softwareadvice.com/cloud-security/1password-profile/reviews/)

Best for:Authentication

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

1Password protects and stores all company secrets beyond SSO such as passwords, security tokens, 2FA codes, documents, and passkeys (coming soon) to centralize and simplify the sign-in experience. Employees get quick, secure access to any app or service – even those Security or IT may not be aware of – and can safely manage and share everything they need to work together productively. Developers also have access to a collection of features to help secure secrets and speed up workflows throughout the software development life cycle. 1Password also provides admins with more control and visibility as a result of aggregating identity and centralizing credential management. It is easy to deploy and integrates with Azure AD, Okta, OneLogin, Google Workspace and more, so admins can automatically provision employees or configure SSO using the systems they already trust. You can view data breaches, password vulnerabilities, and usage insights in a single dashboard, or send activity data to your SIEM tool via our Events API giving you a complete picture of your security posture. 1Password is secure and private by design. We’re the only password manager that can say with full confidence your data and secrets will remain safe in the unlikely event of a breach. 1Password’s unique Two-Key-Derivation using the combination of an account password and Secret Key (128-bit, machine-generated code) means nobody could decrypt the data in the unlikely case they were able to access it. To keep data safe at rest and in transit, our security approach starts with AES 256-bit encryption, and we use multiple techniques to make sure only you have access to your information. No other password manager uses SRP protocol to prevent anyone from stealing your credentials or reading any non-secret information sent to the server. Lastly, we’ve built our Single Sign-On integration maintaining zero-knowledge architecture and end-to-end encryption using a trusted device model meaning even if your identity provider credentials are compromised, attackers still wouldn’t be able to access your 1Password data. See our security white paper to learn more. Coming summer 2023 we’ll be supporting sign-up and sign in to 1Password using passkeys. In Q2, we are also beginning support for the storing of passkeys within 1Password so that our users can securely access passkeys across platforms in the same place where they keep passwords and other secure information.... [Read more](https://www.softwareadvice.com/cloud-security/1password-profile/)

### What users love

-   Centralized and secure password storage
-   Robust security and sharing controls
-   User-friendly and accessible interface

### To take in mind

-   No free plan and higher pricing
-   Inconsistent autofill functionality
-   Cumbersome login and account handling

### Best rated features:

Tagging

5.0

Data Synchronization

5.0

Audit Management

5.0

Privileged Account Management

4.9

### Worst rated features:

Policy Management

4.0

Alerts/Notifications

4.0

[See all features](https://www.softwareadvice.com/cloud-security/1password-profile/#key-features)

### 1Password (Personal and family)

$2.99/month

The plan offers a 14-day free trial.

### 1Password Families (Personal and family)

$4.99/month

The plan offers a 14-day free trial. More members can be added for $1 each.

### 1Password Teams( Team and Busines)

$19.95/month

The plan offers a 14-day free trial. It includes 10 members.

[See full pricing details](https://www.softwareadvice.com/cloud-security/1password-profile/#pricing-and-plans)

[Specops Password Auditor](https://www.softwareadvice.com/network-security/specops-password-auditor-profile/)

4.80

[(20)](https://www.softwareadvice.com/network-security/specops-password-auditor-profile/reviews/)

### Pricing availability

Free trial: Not available

Free version: Available

Software Advice Summary

Specops Password Auditor is a password audit tool that can identify password-related vulnerabilities within Active Directory accounts. Designed to improve password security and help organizations meet compliance requirements, this tool can generate reports that list accounts with expired, reused, and blank passwords. It can proactively prevent data breaches caused by compromised passwords. Specops Password Auditor is compatible with Windows 8 and above, or Server 12 and above.... [Read more](https://www.softwareadvice.com/network-security/specops-password-auditor-profile/)

### Best rated features:

Password Management

5.0

Endpoint Protection

5.0

Vulnerability Assessment

5.0

Password Policies

5.0

[See all features](https://www.softwareadvice.com/network-security/specops-password-auditor-profile/#key-features)

[VaultOne](https://www.softwareadvice.com/privileged-access-management/vaultone-profile/)

4.80

[(20)](https://www.softwareadvice.com/privileged-access-management/vaultone-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

VaultOne offers Privileged Access Management (PAM), Identity Management (IAM) and Passwords Management (PM) into a single solution that can help businesses avoid data breaches caused by the abuse of privileges. With VaultOne, administrators can: - Manage privileged passwords in one place, without the need for any additional software or hardware - Ensure that only authorized users have access to sensitive data through comprehensive identity management capabilities - Reduce the risk of a data breach by monitoring user activity using behavioural analytics... [Read more](https://www.softwareadvice.com/privileged-access-management/vaultone-profile/)

### Best rated features:

Privileged Account Management

5.0

Access Controls/Permissions

5.0

Compliance Management

5.0

Self-Service Access Request

5.0

### Worst rated features:

Audit Trail

2.0

Password Generator

4.0

API

4.0

[See all features](https://www.softwareadvice.com/privileged-access-management/vaultone-profile/#key-features)

### Basic

$4.00/month

[See full pricing details](https://www.softwareadvice.com/privileged-access-management/vaultone-profile/#pricing-and-plans)

[Proton Pass](https://www.softwareadvice.com/product/451182-Proton-Pass/)

4.86

[(7)](https://www.softwareadvice.com/product/451182-Proton-Pass/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Proton Pass is a password manager designed to securely store, share, and auto-fill login credentials using end-to-end encryption. It is suitable for individuals and businesses focused on protecting online identities. Based in Switzerland, Proton Pass operates under strict privacy laws. The password manager features zero-knowledge encryption technology, which has been independently audited and is available as open-source tool. Proton Pass allows for unlimited password and note storage across multiple devices. It includes an integrated two-factor authentication system and the ability to securely attach files to entries. The platform offers a hide-my-email alias feature to protect real email addresses and implement dark web monitoring to alert users if the information appears in data breaches. Proton Pass functions across various platforms, including iOS, Android, Windows, macOS, and Linux, with browser extensions for major browsers. It enables secure sharing of passwords, notes, credit cards, or entire vaults with others. The service supports passkeys as an alternative to traditional passwords, enhancing security against phishing attacks.... [Read more](https://www.softwareadvice.com/product/451182-Proton-Pass/)

### Best rated features:

Encrypted Password Storage

5.0

Authentication

5.0

User Management

5.0

Single Sign On

5.0

### Worst rated features:

Access Management

3.0

Mobile Authentication

4.0

File Storage

4.0

[See all features](https://www.softwareadvice.com/product/451182-Proton-Pass/#key-features)

### Pass Essentials

$1.99/month

Whether you're an individual or part of a small team, Proton Pass Essentials is ideal for those who prioritize privacy and security without compromising on usability. Its open-source nature and adherence to strict Swiss privacy laws make it a trustworthy choice for managing sensitive information.... [Read more](https://www.softwareadvice.com/product/451182-Proton-Pass/#pricing-and-plans)

### Pass Professional

$4.49/month

Proton Pass Professional is ideal for organizations prioritizing data security and privacy. Its integration within the Proton ecosystem, adherence to Swiss privacy laws, and commitment to open-source transparency make it a trusted choice for businesses aiming to safeguard sensitive information while ensuring compliance with regulations like GDPR and HIPAA.... [Read more](https://www.softwareadvice.com/product/451182-Proton-Pass/#pricing-and-plans)

### Proton Business Suite

$12.99/month

Proton Business Suite is ideal for organizations that prioritize data security and privacy, particularly those in regulated industries such as finance, healthcare, and the legal sector. Proton Business Suite is also suitable for companies seeking an alternative to mainstream productivity platforms that may not align with their privacy values.... [Read more](https://www.softwareadvice.com/product/451182-Proton-Pass/#pricing-and-plans)

[See full pricing details](https://www.softwareadvice.com/product/451182-Proton-Pass/#pricing-and-plans)

[heylogin](https://www.softwareadvice.com/security/heylogin-profile/)

5.0

[(5)](https://www.softwareadvice.com/security/heylogin-profile/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

heylogin is the password solution for your business. A smartphone swipe instead of a master password makes your everyday life passwordless and two-factor secure. You don't need IT knowledge to use heylogin. heylogins simple structured administration gives you full control with just a few clicks. - Log in to any website with one click, at no extra cost for you. - Generate and save strong passwords with one click in heylogin to secure your accounts - Share passwords by drag & drop and save time and money - Create new teams and invite collaborators or remove them, all with just 3 clicks - Assign permissions to set password visibility for team members so that you keep control over your passwords And thanks to super-fast synchronization, it all happens in real-time. This means that even with remote work you can flexibly and quickly release or deny logins for teams. Everything done in heylogin is end-to-end encrypted. No one has access to your data except you. As a cloud-based service, heylogin uses German, ISO-27001 certified servers and is GDPR compliant, so you have one less thing to worry about.... [Read more](https://www.softwareadvice.com/security/heylogin-profile/)

### Best rated features:

Secure Password Sharing

5.0

Access Controls/Permissions

5.0

Authentication

5.0

Password Management

5.0

[See all features](https://www.softwareadvice.com/security/heylogin-profile/#key-features)

### Free

€0.00

For private users who want to simplify their login process.

### Business

€3.99/month

[See full pricing details](https://www.softwareadvice.com/security/heylogin-profile/#pricing-and-plans)

[Beyond Identity](https://www.softwareadvice.com/password-management/beyond-identity-profile/)

4.83

[(12)](https://www.softwareadvice.com/password-management/beyond-identity-profile/reviews/)

### Pricing availability

Free trial: Not available

Free version: Available

Software Advice Summary

Beyond Identity is fundamentally changing the way workforces and customers log in. We eliminate passwords and all phishable factors to provide users with the most secure and frictionless authentication on the planet. Our invisible, passwordless MFA platform enables companies to secure access to applications and critical data, stop ransomware and account takeover attacks, meet compliance requirements, and dramatically improve the user experience and conversion rates. Our revolutionary zero-trust approach to authentication cryptographically binds the user’s identity to their device, and continuously analyzes hundreds of risk signals for risk-based authentication.... [Read more](https://www.softwareadvice.com/password-management/beyond-identity-profile/)

### Best rated features:

Secure Login

5.0

Mobile Authentication

5.0

Password Management

5.0

Third-Party Integrations

5.0

### Worst rated features:

API

3.0

Audit Management

4.0

Risk Alerts

4.0

Reporting & Statistics

4.0

[See all features](https://www.softwareadvice.com/password-management/beyond-identity-profile/#key-features)

1

[2](https://www.softwareadvice.com/password-management/?page=2)[3](https://www.softwareadvice.com/password-management/?page=3)[4](https://www.softwareadvice.com/password-management/?page=4)

## Popular Comparisons

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Rippling vs Okta

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Bitwarden vs Folder Lock

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Password Depot vs KeePass

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WatchGuard AuthPoint vs Cisco Duo

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Dashlane for Business vs Keeper Security

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Passwork vs RoboForm

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Poor password management is one of the major causes of security breaches that can cost businesses a fortune and damage their reputation. As a business, it's important that you implement strong password policies that not only protect your company data but also prevent hacking attempts. One of the most efficient ways of doing this is using password management software.

All password management software don’t necessarily offer the same features. Your right fit will solely depend on your security requirements. To help you get started, we’ve created a buyers guide with all the information required to evaluate the options available for your business.

In this guide, we’ll cover:

Here’s what we’ll cover:

-   [What is password management software?](#Whatispasswordmanagementsoftware)
    
-   [Common features of password management software](#Commonfeaturesofpasswordmanagementsoftware)
    
-   [What type of buyer are you?](#Whattypeofbuyerareyou)
    
-   [Benefits of password management software](#Benefitsofpasswordmanagementsoftware)
    
-   [Considerations when choosing password management software](#Considerationswhenchoosingpasswordmanagementsoftware)
    

## What is password management software?

Password management software is an application that saves, generates, and manages passwords for various online accounts. It ensures security by storing passwords and login credentials of all business accounts in a secure database.

This database is encrypted using a master password, the only password that users need to remember. All encrypted password-related information is either stored in the local memory of a business user’s device or on the cloud. Password managers eliminate the need to remember multiple passwords, as all passwords are stored in a centralized encrypted database.

_Password generator in_ [LastPass](https://www.softwareadvice.com/authentication/lastpass-enterprise-profile/) _(_[Source](https://www.lastpass.com/password-generator)_)_

## Common features of password management software

Password management software can not only remember all your passwords but also protect your business from hacking attempts. Thus, choosing software with the right features is essential. Here’s a list of the common features that you should look for when making a purchase.

**Password generator**

Create long, random, and unique passwords that are strongly encrypted.

**Credential management**

Create, manage, and revoke credentials for user accounts.

**Single sign on (SSO)**

Access multiple applications using a single set of login credentials.

**Password synchronization**

Sync and manage user passwords across devices.

**Password reset**

Allows end users to reset their passwords through a self-service portal.

**Multifactor authentication**

Authenticate users via at least two identification methods, such as mobile and email OTP.

**User management**

Manage user access for various IT resources, such as systems, devices, applications, storage systems, and networks.

## What type of buyer are you?

Based on the number of users, there are three broad categories of password management software buyers: freelancers or independent contractors, small and midsize businesses (SMBs), and large businesses. Let’s have a look at all the three categories.

**Freelancers or independent contractors:** Password management software designed for personal use supports a single device and lacks administrative capabilities. Such software may even have a cap on the number of applications supported. Freelancers and individual contractors who simply want to secure their business accounts and don't need administrative functions can opt for this software. Basic software features such as auto-fill for login forms, complex password generation, credential storage, and periodic alerts for updating passwords should fulfill the requirements of this type of buyers.

**Small (less than 200 users) and midsize (200–500 users) firms:** SMBs have greater password management needs than independent contractors, as they have more users and consequently a higher number of business accounts to secure. Such businesses should opt for software that doesn’t have a cap on the number of users and applications supported. Password management software equipped with reporting capabilities, a centralized dashboard to monitor password status, credential management, and multifactor authentication should fit the requirements of SMBs.

**Large businesses (more than 500 users):** Enterprise-level businesses employ a large number of employees; hence, they have advanced password protection requirements. It’s essential that large businesses choose software that can enforce password hygiene as well as monitor user behavior. Such software solutions restrict password-related information access to account owners, perform security audits to assess the strength of employee passwords, and alert businesses about password-related vulnerabilities to prevent cyberattacks and data breaches.

## Benefits of password management software

Understanding the benefits of password management software will help you assess its usability in your line of business. Following are the key benefits of password management software:

**Protection against cyberthreats:** According to a password check website, the password “123456” has been used over 23 million times, making it one of the top 10 most hacked passwords. Using such passwords can result in severe security breaches. Password management software’s password generator feature helps create long, random passwords that are unique. The software also protects against phishing attacks by detecting fake websites and preventing such websites from accessing sensitive passwords.

**Reduced burden on employees:** In a business setup, employees have to work on multiple applications, and remembering the password of each application is a challenge. Password-related challenges are also a liability for businesses. Labor and productivity loss per company owing to the time spent by users on entering and/or resetting passwords is estimated to be $5.2 million annually. With password management software, employees need to set and remember just their master password, which they can use to access all other stored passwords.

**Better password hygiene:** Password hygiene involves the different measures taken by businesses to make their passwords more difficult to guess. While creating unique and strong passwords remains a crucial part of password hygiene, changing passwords periodically is also equally important. However, research shows that only 55% of people change their password even after a hack. Password management software issues repeated reminders to business users to change or update their passwords and in turn promotes good password hygiene.

## Considerations when choosing password management software

Every organization has specific password management requirements, and it’s essential to choose a tool that can fulfill these requirements. Here are a few things that you should take into consideration when selecting a password management solution.

**Compatibility with the devices you use:** Most organizations use the same password management software across devices, and it’s likely that you’ll too. An incompatible solution will force your employees to find an alternative password management approach, making your business more prone to security breaches. Thus, it’s essential that the software you choose is compatible with all your existing devices, platforms, and browsers.

**Credential management and account recovery:** User account and system credentials should be accessible only to the account owner. Thus, it’s essential that you choose software with access control functionality to ensure that user passwords can’t be accessed by anyone else, including third-party cloud service providers. The software should also provide secure password recovery methods so that account owners can recover their accounts in case they forget the master password.

**Strong and uniform password policy:** Your preferred password management software should be capable of assessing the quality and strength of user passwords and suggesting changes to make them difficult to guess or hack. Software equipped with uniform password composition rules and the ability to track password history will help your users avoid easily guessed passwords. It’ll also allow administrators to set company-wide password policies, such as mandatory use of multifactor authentication.

_Note: The applications selected in this article are examples to show a feature in context and are not intended as endorsements or recommendations. They have been obtained from sources believed to be reliable at the time of publication._

### Related Password Management Software

-   [Access Governance Software](https://www.softwareadvice.com/access-governance/)
-   [Authentication Software](https://www.softwareadvice.com/authentication/)
-   [Facial Recognition Software](https://www.softwareadvice.com/category/4799-facial-recognition/)
-   [Identity Management Software](https://www.softwareadvice.com/identity-management/)
-   [Identity Verification Software](https://www.softwareadvice.com/identity-verification/)
-   [Multi-Factor Authentication Software](https://www.softwareadvice.com/multi-factor-authentication/)
-   [Privileged Access Management Software](https://www.softwareadvice.com/privileged-access-management/)
-   [Self-Service Password Reset (SSPR) Software](https://www.softwareadvice.com/sspr/)
-   [Single Sign On Software](https://www.softwareadvice.com/single-sign-on/)