But for an enterprise team (or just a team), you need to be able to share passwords with various team members.
Without a system, you're left with each of those people having to use their own (often insecure) personal methodology. Without a password manager, people resort to very simple passwords, or reusing passwords across multiple systems, or writing passwords down on PostIt notes next to their monitors.
Without the convenience of a cloud-based system, you don't have an easy way to back up your passwords -- what happens if someone gets hit by a bus? And you can't easily have someone run compliance to verify when the last time was you updated your password, or how complex your passwords are -- at least not without showing them the raw passwords in all systems.
I get paranoia... but any team that runs a password manager service consistently for all users will be much more secure than any team that doesn't.
* Most Private And Secure Password Managers - Secured.fyi - Alpha || https://secured.fyi/password.html
* Best Password Manager 2018 - Lastpass vs. Dashlane vs. 1Password || https://www.tomsguide.com/us/best-password-managers,review-3...