Software as a service (SaaS) is a cloud-based software delivery model in which the cloud provider develops and maintains cloud application software, provides automatic software updates, and makes software available to its customers via the internet on a pay-as-you-go basis.

The cloud provider manages all the hardware, middleware, application software, and security. Hence, SaaS customers can dramatically lower costs; deploy, scale, and upgrade business solutions more quickly than maintaining on-premises systems and software; and predict total cost of ownership with greater accuracy.

The benefits of complete SaaS solution include:

• Connected, end-to-end business processes built-in
• Ease of configuration and personalization
• Rapid data portability
• Comprehensive cloud security
• Embedded analytics
• Support for emerging technologies, from artificial intelligence (AI) to chatbots, Internet of Things (IoT), and more.

Oracle Cloud applications include Enterprise Resource Planning Cloud, Human Capital Management Cloud, Customer Experience Cloud, Enterprise Performance Management Cloud, Supply Chain Management Cloud, Analytics Cloud.