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SAAS stands for "Software as a service". A perfect business name for any business in this industry.
Saaswizard has 10 letters and three syllables. Three syllable names are used by established brands like Sainsbury's, Santander and Delicious.
Saaswizard.com is a .com domain. Dot com domains are the most desirable top-level-domain in the world, famously used by websites like youtube.com. When you own a .com, it is much easier to rank for your own name in search engines.