The acronym “SaaS” stands for Software as a Service. This model allows users to access software applications via the internet instead of installing them on local machines. With SaaS, users can subscribe to applications like CRM tools and productivity suites, which are hosted and maintained by providers. This approach offers scalability, reduced IT management costs, and the flexibility to access software from anywhere. SaaS applications are updated automatically, ensuring users benefit from the latest features and security enhancements without the need for manual installations.