SAAS stands for "Software as a service". A perfect business name for any business in this industry.
The name "saaswizard" has 10 characters and three syllables. Successful brands using three syllable names include KFC, Sainsbury's and Armani.
Saaswizard.com is a .com domain. Dot com domains are the most desirable top-level-domain in the world, used by famous websites like google.com. When most people think of a website, they think of a .com.