AccessOwl is a platform that automates and simplifies the management of employee access to SaaS applications, covering processes from onboarding to offboarding. It functions as an Identity Governance and Administration (IGA) tool, helping IT and security teams reduce costs, minimize risks, and maintain compliance. The company also provides features for SaaS spend management and aims to solve issues like the 'SSO Tax' by automating provisioning and deprovisioning.