2 compelling SaaS ASX shares to buy

Software as a service (SaaS) ASX shares could be compelling businesses to consider for a portfolio.

These companies are in the software space and these businesses can often display attractive features including regular revenue from loyal customers.

Just because a business is a SaaS company, doesn’t mean it’s automatically worth owning. But these two SaaS ASX shares could be good long-term ideas:

TechnologyOne is a software business that says it has spent hundreds of millions of dollars building the world’s most trusted SaaS enterprise resource planning (ERP) software.

The company is currently rated as a buy by the broker Morgans with a price target of around $10.

A key benefit of its software for customers is that the entire…