Change is on the horizon for quarterly reporting as the General Services Administration (GSA) announces its move from the old 72A system to the modernized FAS Sales Reporting Portal (SRP). This transition, part of the GSA’s efforts to enhance efficiency, will unfold in three phases over the next 12 months. For those already reporting in the SRP for Transactional Data Reporting (TDR), the transition is expected to have minimal impact on existing processes.
Key Information for the Transition:
First Phase – Notification:
Companies will be notified of the date to commence reporting sales and Industrial Funding Fee (IFF) payments in the new SRP. No immediate action is required until April 2019, marking the initiation of the first month of reporting in the new system.
Second Phase – Final Reporting in 72A System:
Companies will complete the final reporting of sales and remittance of IFF in the old 72A System for the ongoing quarter. This phase follows the standard reporting process for the first quarter of the fiscal year.
Third Phase – Data Transfer to FAS SRP:
Historical data will be transferred to the new FAS SRP system after the final reporting and IFF payment in the 72A System. Companies with any imbalances between owed and paid IFF will receive notifications before migration.
For inquiries related to system migration, companies can reach out to their Industrial Operations Analyst (IOA) or Administrative Contracting Officer (ACO). Unsure about your IOA or ACO? Check here.
This transition signifies a significant step in the GSA’s Modernization of MAS Program. Stay tuned for updates as our team closely monitors these changes over the coming months, ensuring you remain informed about the evolving landscape of GSA’s reporting mechanisms.
