Business term
SaaS
Software as a Service
Definition
Software licensed on a subscription basis and delivered over the internet, with the vendor operating the infrastructure.
In more detail
The commercial consequence of the model is that pricing is ongoing rather than a one-off purchase, and that the feature set can change during the contract term.
Evaluation therefore weighs data export, contractual notice periods, and price-change terms alongside the current feature list.
Glossary entries are general explanations, not advice. Where a term appears in a contract or policy, the definition in that document governs.