SAAS stands for "Software as a service". A perfect business name for any business in this industry.
The word "saaswizard" contains 10 characters and three syllables. Three syllable names are used by established brands like Verizon, Delicious and Adidas.
Saaswizard.com is a dot-com domain. Dot com domains are the most prestigious top-level-domain in the world, famously used by websites like google.com. Owning a dot-com says that you own the word "saaswizard" online.