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SAAS stands for "Software as a service". A perfect business name for any business in this industry.
The name "Saaswizard" has 10 letters and three syllables. Successful brands using three syllable names include Santander, Toshiba and Adobe.
Saaswizard.com is a dot-com domain. Dot com domains are the most valued domain extension in the world, famously used by websites like twitter.com. When most people think of a website, they think of a dot-com.