LastPass for Business

LastPass is a password management application to simplify access to enterprise applications for users — and increase centrality and ease of management of access for administrators with task automation, convenient and secure password sharing, and other features.

What is LastPass for Business?

LastPass for Business is a password management application designed to simplify access to enterprise applications for users and increase centrality and ease of management of access for administrators. Its core strengths are user onboarding and offboarding (saves a lot of time for all staff and gives significant peace of mind when onboarding and offboarding staff), ease of use (simple, intuitive, secure), and user control (tight access control for internal and external staff access). The password generator and autofill save users from remembering new passwords and from reusing passwords across sites. Reviewers highlight the ability to store usernames, passwords, access information, and important number or text strings securely, the categorization of vault content, and the ability to add notes. The secure sharing feature — sharing passwords without actually sharing the password — is a real security win. On TrustRadius, LastPass for Business scores 8.1 out of 10 across 409 reviews; reviewers praise the onboarding/offboarding time savings (30-45 minutes a day for some individuals, 50+ logins a day for techs), the ease of use, and the secure sharing. The reviewer base is enterprise-heavy (66.7%) with IT as the primary department (100%). The complaints are the lack of password-level permissions (folder-level only), the audit trail being present but not robust enough, the inability to archive passwords, the old-fashioned look, the mobile app gap for some users, and past performance issues. Pricing is freemium — a free individual tier on one device type, Teams from ~$4/user/month for shared folders and admin console, and Business from ~$8/user/month for advanced policies, SSO, and reporting. For teams that want a simple, effective password manager with strong onboarding/offboarding, LastPass is a solid choice; for teams that need password-level permissions and a modern UI, Bitwarden; for premium UX, 1Password; for enterprise-grade security, Keeper; for a feature-rich approach, Dashlane.

Key Features

• *Password Vault** — Securely store usernames, passwords, access information, and notes
• *Save and Autofill** — Save passwords and autofill across sites and apps
• *Password Generator** — Create strong, unique passwords for every site
• *Onboarding & Offboarding** — Saves time and gives peace of mind when onboarding/offboarding staff
• *Shared Folders** — Share credentials for shared accounts without sharing the actual password
• *Admin Console** — User management, reporting, and policy controls
• *Multi-Factor Authentication** — Extra layer of security for LastPass accounts
• *Auto Logoff** — Sessions terminated after a period of inactivity
• *Categories & Notes** — Categorize vault content and add notes to items

Who is it for?

• Small to mid-sized businesses and enterprises that want a simple, effective password manager
• Teams that want strong onboarding/offboarding — LastPass saves significant time for staff and IT
• Organizations that want secure password sharing without sharing the actual password
• Teams that value ease of use — simple, intuitive, secure is a real strength
• IT departments that want an admin console for user management and reporting

Who is it NOT for?

• Teams that need password-level permissions — LastPass only supports folder-level permissions
• Teams that want a robust audit trail — the audit trail exists but some reviewers want more
• Teams that want to archive passwords — LastPass has no ability to archive
• Teams that want a modern UI and strong mobile app — some reviewers find the look old-fashioned and the mobile app lacking
• Teams that want open-source transparency — Bitwarden is the open-source alternative