Recently the company you work for began investigating the possibility of replacing their payroll system with a cloud based service provided by a third party company. Which type of service is this?
Answer Description
Software as a Service (SaaS) is an internet or cloud based application accessible by consumers or customers. Crucial Exams, Google Search and Twitter are all common examples of SaaS.
Wikipedia
Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as "on-demand software", and was formerly referred to as "software plus services" by Microsoft.SaaS applications are also known as Web-based software, on-demand software and hosted software. The term "Software as a Service" (SaaS) is considered to be part of the nomenclature of cloud computing, …
Software as a service - Wikipedia, the free encyclopedia