MVP stands for “Minimum Viable Product”. It can be defined as the first version of a SaaS product with very limited functionality that includes only basic features. This set of features should be enough for early users to understand whether the concept of the offered SaaS app meets their needs and expectations. A SaaS MVP allows companies to validate their ideas without financial severe risks and time loss. Based on the received feedback, the hired SaaS MVP development company can introduce the required changes to the product in order to make sure that the final product will bring value to the target audience.