Vendor & License Management

Trusted by Toronto's Business Leaders





Streamlined Vendor & License Management for Toronto Businesses
License Tracking & Compliance
Renewal Reminders & Alerts
Cost Optimization
Vendor Governance
Security & Compliance Alignment
Strategic Software Roadmaps
Real results from vendor consolidation and smarter license management.
Reduced IT Spend
Zero Missed Renewals
Improved Security Posture
Simplified Management
Why Choose BALANCED+

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Auto Parts Manufacturer
Mining Company
REIT
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Proudly Serving Toronto and the GTA
Toronto Core
- 45 minute incident response
- On-site security experts
- 24/7 online support
GTA Central
- 30- minute incident response
- On-site security experts
- 24/7 online support
GTA West
- 15-minute incident response
- On-site security experts
- 24/7 online support
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FAQ
Vendor & License Management — Frequently Asked Questions
Answers to common questions about vendor oversight, license optimization, and renewal tracking for Toronto and GTA businesses.
What is vendor and license management?
Vendor and license management is a service that centralizes your software subscriptions, vendor contracts, and renewal schedules. BALANCED+ helps Toronto businesses control IT costs, maintain compliance, and simplify vendor coordination.
Can BALANCED+ help reduce software costs?
Yes. Our team performs a detailed software audit to identify unused or duplicate licenses, negotiate better vendor contracts, and consolidate tools — typically reducing overall software spend by 30% or more.
Do you manage renewals automatically?
Absolutely. BALANCED+ automates renewal tracking with reminders at 90, 60, and 30 days before contract expiry, ensuring uninterrupted access and full license compliance for all users and departments.
How does this service improve compliance?
By maintaining a complete, real-time inventory of licensed software, BALANCED+ ensures alignment with SOC 2, ISO 27001, and PCI DSS standards — reducing audit risk and strengthening cybersecurity posture.
Can you manage vendors across multiple departments?
Yes. We unify purchasing, IT, and finance under a centralized vendor governance framework, offering a single dashboard that tracks contracts, SLAs, support agreements, and renewal dates across all departments.
What reporting do I get with this service?
Clients receive monthly and quarterly dashboards summarizing renewal timelines, cost savings, software utilization, and compliance status — giving clear, actionable insights for better budget planning.