SAAS stands for "Software as a service". A perfect business name for any business in this industry.
The word "saaswizard" contains 10 letters and three syllables. Established brands using three syllable names include Adobe, Armani and McDonald's.
Saaswizard.com is a dot com domain. Dot com domains are the most valuable top-level-domain in the world, used by famous websites like google.com. When you own a dot com, it is much easier to rank for your own name in search engines.