SaaS stands for Software as a Service and is a cloud computing model where software applications are hosted and delivered over the internet by a service provider. SaaS can help the company cut the overall cost of its IT budget by eliminating the need to purchase, install, update, and maintain various computer programs on its own devices. The company can access the programs on an as-needed basis and pay only for what it uses. Multitenancy is a feature of cloud computing where multiple customers share the same physical or virtual resources. IaaS stands for Infrastructure as a Service and is a cloud computing model where computing resources such as servers, storage, and networking are provided over the internet by a service provider. VPN stands for Virtual Private Network and is a technology that creates a secure and encrypted connection over a public network.