Enterprise password management tool that fits modern needs
You’ve read the forums.
You’ve looked through comparisons in blogs.
You’ve done your research. And you still can’t decide upon that one enterprise password management tool that fits your business needs?
To be honest, we’ve been there as well. And we understand your struggle.
Enterprise password management tool: many choices, nothing valuable?
The global cybercrime cost will increase from $3 trillion to $10,5 trillion within a decade. The environment definitely requires organizations to take preventive actions to avoid becoming an easy target.
That’s why a few years ago, our team (specializing in large scale web and eCommerce projects) came to the conclusion – we need to do something about the large number of sensitive client data we were trusted with. Unprotected data meant a high risk of a successful cyber-attack against our own and clients’ data.
That’s when we started actively searching for an enterprise password management tool. Yet, after going through all the options available in the market we couldn’t find one that would fit our needs. Some of them were too difficult to use, some were outdated, while others had serious security vulnerabilities.
Having highly skilled developers and cybersecurity specialists in a team, we decided to create a password manager that ticks all the boxes for a modern company.
Here are the top 4 priority features that are non-negotiable in an enterprise-focused tool. We recommend looking for them in your own research:
Most importantly, security.
Always eliminate any enterprise password management tool that does not ensure strong security architecture. Data security is what 70% of people (your clients included) expect from the company.
When choosing a password vault, always check what security features the tool offers. Mandatory features are the following:
Encrypted storage
Enterprise password management tool should provide you with a secure way to keep usernames, passwords, and notes safely. By safely, we mean that only you should be able to access your account. And that your provider should never keep your plain-text data in their servers.
In most advanced password managers, your data is locked and unlocked at the client side(before leaving your device). That means your passwords never leave your phone or computer unencrypted, thus preventing numerous types of cyber-attacks.
Also, most enterprise password managers today offer various ways of accessing your data – from browser extensions to mobile applications. Make sure that you get what you need when it comes to data synchronization and access on various devices. You will likely need to access to your business passwords while you’re away on that business trip.
Actually secure credential sharing
In the early days, people kept all passwords on sticky notes and spreadsheets. When a colleague asked to share a password, you either brought that piece of paper to your colleague or sent it via email. That is a dangerous practice.
Pick an enterprise password management tool that provides a secure password sharing feature in the application. This way, you can control who has access to what (including internal and data shared by your clients), and you substantially lower the risk of experiencing a data breach.
Customization and adaptability
Businesses grow. The teams expand, variety of products and services increases.
Always check if the provider offers the option to modify or scale the tool. Some companies need to switch to an on-premise environment. Others expand their business services and start reselling the tool to their clients. Some need a custom integration from the very beginning.
Consider the provider that can offer you all of that. Businesses that are two steps ahead always win.
Make sure to check these criteria before selecting the new enterprise password management tool for your business.
The PassCamp story
In the end, we built PassCamp – a password manager perfect for remote teams, companies, and service providers. The fact that we were already in the market, worked with clients, and saw their struggles helped a lot.
Today PassCamp is used by thousands of teams from all over the world and has received recognition from the leaders in the tech market.
If you feel that you want to end your research here, don’t hesitate and contact us. PassCamp team will be delighted to have a chat with you.
