IT teams usually have many shared user IDs and passwords for managing servers and applications. With hundreds of systems and applications the routine management of privileged accounts can become a real challenge with significant productivity tradeoffs.Privileged Account Manager introduces a new approach for secure management of privileged passwords to reduce risks and ensure regulatory compliance.The product creates a secure storage facility (password vault) for all privileged passwords accessible from a web browser. When someone from your IT team needs a password for one of the accounts the system checks it out from the storage logging an audit log entry. When done using the password the person checks in the password back to the storage and the system automatically changes it to prevent further unauthorized use logging a complimentary audit log entry.Privileged Account Manager can also streamline the management of all managed passwords according to your existing password policies and best practices. For example you can have all of your passwords automatically changed every 30 days.NOTE: Please contact Netwrix Corporation (visit www.netwrix.com) to obtain a price quote for your organization.