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Finance & Accounting

SaaS

Finance & Accounting

Software as a Service — software delivered over the internet on a subscription basis.

SaaS
Glossary Term

Finance & Accounting

122
Total Glossary Terms

In our reference library

SaaS eliminates the need for organizations to install and run applications on their own servers or devices. The provider manages all infrastructure, maintenance, and security, allowing customers to access the software via a web browser or API. This model has become the dominant delivery method for business software due to its lower upfront costs, automatic updates, and built-in scalability. Popular examples include Google Workspace, Salesforce, and Slack. Buyers should weigh subscription cost growth, data portability, and exit paths alongside the convenience of managed delivery, since multi-year dependence accrues quietly. Contract terms, security attestations, and integration fit deserve the same scrutiny as any other enterprise purchase. Renewal terms and data export rights complete that review.

Concept Visualization

SaaS
Real-World Examples
  • 1Salesforce
  • 2Google Workspace
  • 3Slack

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