Most companies avoid talking about storing secrets because they either lack a system for secret management or they have various systems that they duck taped along the way and changing them seems too costly. Secrets don't refer to just passwords but also secure tokens, API keys, private keys, etc. One solution that looks promosing is Hashicorp Vault. Integrated correctly, this vault for secret storing and distribution can resolve your secrets problem in a more elegant way and can also be used as Encryption as a Service.