Data and personal information held in online accounts are protected by passwords. Businesses should use strong (complex) passwords to protect company's confidential information from unauthorized access.
Organisation-wide passwords and other user credentials may be managed more efficiently from a centralised location. When a company expands, the number of user credentials that need to be kept safe also grows, necessitating a more comprehensive password management system.
A password manager is a software that helps businesses and team members easily create and store strong passwords, and quickly access them whenever they are needed.