Saket Kalias: Okay, great. Hey, good morning, guys. Thanks for taking my questions here. Lynn maybe start with you. That was helpful detail in your prepared remarks just on the composition of NIC or digital payments. When it comes to gross versus net? Maybe the question is, Could you put a finer point, just on how much of that digital payments business or the transaction revenue one is gross versus net and then relatedly, how you maybe think about that mix going forward?
Lynn Moore: Yes, I’ll start and varnish probably got better numbers. NIC which in our digital solutions division, I would say the overwhelming majority of their payments business was on a gross basis. I would say on the Tyler side beforehand, more of it’s been on the net basis. That’s actually not a lever that we fully control. It’s generally controlled by the customer and whether or not the customer is wants to take the risk and on the interchange fees or if not, there’s a number of factors that go into there. But as of right now, a substantial part of Tyler’s overall business is on the gross model because of NIC and more NIC was how mature and vast that business was. We’ve got the number for merchant fees that we passed through last year was about I think, on the NIC side was about $142 million.
And maybe just a handful of $3 million, $4 million, $5 million on the Tyler side. And looking at it next year I think NIC side is probably more around 145-ish million again with the same few million more on top from Tyler.
Brian Miller: I don’t know that. I have a lot to add to that. It clearly is the vast majority. We did mention that a couple of our date enterprise agreements that digital solutions are shifting in 2023 to net from gross and that’s got about a $2.5 million impact. But as Lynn said, we don’t really fully control that. And so I would expect that still going forward, the majority of the business comes to us through the gross model where we’re paying the merchant fees which is why we wanted to sort of give you the apples to apples comparison of the margin impact of a couple of 100 basis points, if all of those net ones were on the gross model, and you took the merchant fees out of the revenue side. So I would say that as more Tyler customers that have traditionally been on a sort of a reseller with third party payment processors, where we get a revenue share, which is a net accounting, as more of those overtime migrate to our proprietary platform, we could have a shift with from those customers that are currently on a net basis moving to a gross basis with Tyler.
The net result is we keep more of the transaction. So we make more money. We’d have higher revenues, but it would have a negative impact on margins. And we’ll attempt at our investor day to provide more color on how those work and how we see that playing out. Because clearly significant growth in the payments business is an objective of ours and something that we’re having a lot of success with and expect to continue to.
Saket Kalias: Got it. That’s very helpful. Brian, maybe for my follow up, and apologies. I think this question has been asked a couple different ways. I just, I want to one other way. The question is, maybe how SaaS ARR did versus your own expectations this quarter? I think you said that maybe it was timing. We expect SaaS ARR to accelerate next year. I think it grew about 19% this quarter. I know the last quarter had some big deal activity that maybe makes it a tough sequential compare. But I’m just kind of curious how you think about sort of that that SaaS ARR growth trajectory this year? And if there’s anything that we should keep in mind, for how that performed this quarter versus your expectations?
