Team password manager is defined as'self hosted, web based, clipboard password manager application for teams. It generates secure strong passwords for all employees, and manages them in a centralized location so that multiple versions of the same password can be generated for different websites and computers on your network'. It is a program in the Productivity & Enterprise category and is designed to simplify managing passwords on a desktop by using a web browser and clipboard. It also supports multiple user authentication and password changes via multiple sites. The application offers many advanced features such as creation of custom passwords, versioning of passwords, synchronization of passwords across multiple applications, group chat support, and integration of various types of hardware devices such as USB drives and flash drives. It also stores the passwords in a secure offline directory.

 

Password managers can be used in large organizations to manage multiple teams of employees and should be implemented at the earliest to protect sensitive information from being distributed across various staff members and managers. They are generally used by IT departments to protect sensitive data that is accessed by employees from each other, clients and customers. In large companies, it can be difficult to change passwords on every computer. Using a password manager makes it easy to change passwords of various teams at the same time.

 

Password managers are usually designed for use with Microsoft Outlook email accounts, but they can be used with any email client. Passwords manager programs allow users to create secure passwords that can be used to access emails and other items. They are used for preventing unauthorized access to documents and other files, and for maintaining confidentiality of all passwords and other details. The use of personal password manager tools is especially important for businesses that provide employees with access to important company information, as viruses can compromise personal email accounts.

 

Small business password managers are designed to be simple to use and maintain and most are available in a web-based interface for use online. Most small business password managers allow the creation of passwords that are related to security needs of the company and for use during team meetings and in group activities such as fundraisers. Some programs offer a centralized location for storing passwords and other information, allowing users to update both on-site and off-site passwords. Password managers also allow users to determine which passwords need to be changed as well as to change them.

 

A small business owner can purchase a program that will allow him or her to manage his or her passwords and master password automatically. These programs are designed to work in conjunction with an existing database that stores the master password and all passwords for the business. Passwords manager applications may also work as part of a suite of software that monitors users activities on the network. In this case, the program would run in the background, requiring the user to log in periodically to manage passwords and other information. Programs for managing passwords run in the background without being continuously active and are therefore ideal for businesses that do not need them continuously active.

 

If you have a team password manager that you use on a regular basis then you can probably get by with using the free version until it is time to upgrade to the paid version. If you only use the team password manager occasionally then a free version might be sufficient to keep your network clean. However, if you use the tool for several different projects for several different teams then you will likely find that an upgrade is necessary sooner rather than later. 

 

Check out this related post to get more enlightened on the topic: https://en.wikipedia.org/wiki/Password_policy.