'We Live in the Age of the SaaS-Powered Workplace'
Software as a service (SaaS) is a software distribution model in which a third-party provider hosts applications and makes them available to customers over the Internet. It is the most common form of cloud service which moves the task of managing software and its deployment off-site to another third-party. It is the most cost-effective solutions as there is a zero capital outlay with pay-as-you-grow subscriptions meaning you only pay for what you need at the time.
Examples of where SaaS can be used by enterprises:
Accounting and invoicing