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 Armani, Adidas and Toshiba.
Saaswizard.com is a dot-com domain. Dot com domains are the most prestigious top-level-domain in the world, used by famous websites like youtube.com. Owning a dot-com says that you own the word "saaswizard" online.