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Software as a Service (SaaS)
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Updated on:
July 19, 2023

Software as a Service (SaaS)

Software as a Service (SaaS) is a cloud-based software delivery model where a third-party provider hosts applications that can be accessed by users over the internet.

  • SaaS is a cloud-based software delivery model where a third-party provider hosts applications.
  • Users access the software over the internet using a web browser or app.
  • SaaS providers typically offer subscription-based pricing and handle maintenance and updates.
  • SaaS can provide cost savings, flexibility, scalability, and easier access to updates and new features.

About FullCircl

FullCircl is a Customer Lifecycle Intelligence (CLI) platform that helps B2B companies in financially regulated industries do better business, faster. Its solutions allow front and middle office teams to win the right customers, accelerate onboarding and keep them for life.

FullCircl has merged with ID&V platform provider W2 Global Data to provide regulated entities with the next generation of regulatory compliance.

Software as a Service (SaaS) is a software delivery model where a third-party provider hosts applications that can be accessed by users over the internet. Instead of installing software on local computers or servers, users can access SaaS applications using a web browser or app. The provider is responsible for hosting the software, handling maintenance and updates, and ensuring data security.


SaaS is typically offered on a subscription basis, where users pay a recurring fee to access the software. This pricing model can provide cost savings for businesses, as they do not need to invest in hardware or IT infrastructure to host the software. Additionally, SaaS providers often offer flexible pricing options based on the number of users or features needed, allowing businesses to scale their software usage as their needs change.


One of the key benefits of SaaS is its flexibility and scalability. Users can access the software from anywhere with an internet connection, making it ideal for remote work or collaboration. SaaS providers also typically offer frequent updates and new features, which can be automatically added to the software without requiring manual updates or installations.


However, there are also some potential drawbacks to using SaaS. Users are reliant on the provider to maintain and secure the software and data, which can be a concern for some businesses. Additionally, there may be limited customisation options available compared to locally installed software.


Overall, SaaS is a popular software delivery model for businesses due to its flexibility, scalability, and cost savings. By allowing businesses to access software over the internet, SaaS providers can offer a wide range of applications that are easily accessible and frequently updated.

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