What is Enterprise Password Management Software?

Enterprise password management, or privileged password management, refers to the practice and techniques of securely controlling credentials for privileged accounts, services, systems, applications, and more. Privileged password management reduces risk by identifying, securely storing, and centrally managing every elevated access credential.

Enterprise Password Management is essential because the simple truth is credentials maybe often stored insecurely or in plain text, such as on sticky notes or in shared spreadsheets. Passwords could be forgotten, non-compliant, repeated, rarely changed, or simply shared with the wrong person. This leaves you open to an attack.

How Enterprise Password Management Reduces Your Cyber Security Risk

Enterprise Password Management reduces the risks associated with privileged credential compromise by safeguarding access to privileged account passwords and SSH Keys. The solution provides full control over system and application access through live session management, allowing administrators to record, lock, and document suspicious behavior with the ability to lock or terminate sessions.

Some specific examples of our enterprise password management features designed to immediately shrink your attack surface following deployment include:

  • Eliminating embedded and default credentials in scripts and applications used for automation and associated with machine identities.
  • Consistently enforcing strong password policies for humans and machines, protecting your organization from password re-use attacks and other password exploits.
  • Session management and recorded interactive sessions for future playback, training, and identification of inappropriate activity.
  • Just-in-time access to privileged accounts to eliminate standing privileges and always-on privileged accounts.

To learn more about how Privileged Password Management is defined and executed, read this explanatory whitepaper.

View Our Password Management Software in Action

Watch this demo of BeyondTrust Password Safe to see our Privileged Password Management software at work in a real-world scenario.

Enterprise Password Management vs. "Password Managers” or “Password Vaults”

Dedicated Password Management and Password Vault software gets the job done when it comes to managing and storing passwords—but their functionality starts and ends with the passwords themselves.

An Enterprise Password Management solution like BeyondTrust Privileged Password Management goes beyond the scope of a traditional corporate password manager to incorporate features that make the complex credential ecosystem of today's enterprise easy to navigate, manage, and audit—and increases enterprise password security.

More Resources: