Traditional business models may be easier to comprehend when compared to the SaaS (Software as a Service) business model, but SaaS solutions are here to stay. Although more complex, more organisations are starting to adopt this business model as they make use of the cloud services. How a SaaS business runs is that it has a centrally hosted software, which is then licensed to customers via a subscription plan. A few examples that you might have came across in your daily lives of SaaS products are Slack, Dropbox, MailChimp, DocuSign, Microsoft Office 365 and Netflix.