SaaS stands for “Software as a Service.” It is a software delivery model in which software is hosted by a third-party provider and made available to customers over the internet, rather than being installed locally on their own computers or servers.

With SaaS, customers subscribe to use the software on a pay-as-you-go basis, usually paying a monthly or annual fee. They access the software through a web browser or mobile app, and don’t have to worry about maintenance, updates, or backups, as these are all managed by the SaaS provider.

SaaS is commonly used for a wide range of applications, including customer relationship management (CRM), human resources management (HRM), project management, accounting, and more. The SaaS model offers many benefits, including lower costs, increased flexibility, and easy scalability, making it a popular choice for businesses of all sizes.