SaaS (Software As A Service)
Software as a Service (SaaS) is a type of cloud computing software delivery model that allows procurement services to access applications over the Internet. It eliminates the need for on-premise software installations and updates, allowing users to rent or subscribe to a particular application instead of purchasing it outright. With SaaS, all hardware and software needs are managed remotely by the service provider, meaning procurers have more time and resources available for core business activities. This cost-efficient and innovative technology has revolutionized the way businesses operate – transforming traditional procurement processes into modern, agile operations.