What is SAAS? | Meaning & Definition | Akrivia HCM

Software as a service(Saas) is an agreement between a business and a software vendor under which software ownership comes to the latter. It is an alternative to the traditional software ownership model whereby the licensee or owner receives full rights over the software and can use it at their discretion. In the case of SaaS, however, the software provider retains control over the application and its usage.

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