Is Built Magento is suited for SAAS( software as a service )?

Yes, Magneto is best suited as a SAAS(Software as a service). You can develop a SAAS(Software as a service) platform using Magento 2 with the help of the Multi-Company SaaS Module for Magento 2.

Using this module the admin can create subscription plans for vendors to become SaaS tenants. The admin can also enable the recurring payment methods (PayPal & Stripe) for the payment of subscription plans.

The vendors can select the desired SaaS tenant subscription plan to become a tenant after purchasing that plan. Once the duration of the plan for any SaaS tenant is completed then the plan automatically gets refreshed and payment will be deducted as per the plan from the tenant's account.

Please do contact us for any further queries or requirements. You can also check our Magento 2 extensions for additional features.