An enterprise password vault is essentially a hub for your company’s password management. It removes the need for your IT team to track and monitor passwords, as the vault does this for you – this is a great time saver, especially for larger companies.
Features of a vault include the ability to automatically manage and update passwords, regularly issue new ones to ensure that older credentials are not valid, keep track of credentials, and remove access.
Using a vault, it’s possible to remove access to a system for the entire company, or for an individual, with immediate effect. This means that should a password be compromised, or a member of staff leave the company, their access can be revoked instantly – reducing the chance of any sensitive data breaches.