72A to be Terminated This Year
(May 20, 2019 Update: Register For the New FAS Sales Reporting System)
As many GSA Schedule contractors are aware by now, GSA will be retiring the 72a Sales Reporting System and will require current users to make a switch to the new FAS Sales Reporting Portal (SRP). 72a is currently being described by GSA as a “legacy” system and will be terminated later this year.
You may have received correspondence from GSA earlier this year about the upcoming transition, however it did not specify the most important questions: when exactly will the transfer occur, how will this be done, and who will have access?
As of yesterday, many contractors are reporting about very specific instruction received regarding the
transition. All questions have been answered and many concerns have been alleviated.
If you are currently using 72a as the platform to report sales, it is likely this April will be the last time you will be use this legacy system. For this reporting quarter continue using your standard process: gather your sales by Special Item Numbers awarded against your contract and report via 72a as you normally would. If you have generated any IFF (Industrial Funding Fee), continue to process payment via 72a as well. Finally, say farewell to 72a as this would be the last time your going to be using this system.
Mark your calendars! Sometime in May of this year, you will be able to set up your new FAS SRP
account. Authorized Negotiators, Contract Administrators, and the listed IFF Representative on your contract will all be able to register. Be advised that
this system will have implemented GSA’s improved security enhancements
and will not require the use of digital certificates,
however will still be used when submitting modifications and offers to GSA.
After the FAS SRP has been properly set up, your next sales report and IFF remittance will be completed within the FAS SRP for the APR-JUN 2019 quarter. Sometime after, your historical records will also be migrated from legacy to SRP.
Don’t wait until the next SRP update from GSA! There are actions that you can do now to help ensure a successful transition to the new sales portal. We strongly suggest that you review your contracts’ listed points of contact and ensure that all contacts have valid contact information. If something needs to be adjusted, or new points of contact need to be added, contact your Contracting Officer and submit your modifications now!
Julio has years of experience helping companies maximize the benefits of GSA Schedule ownership. His expertise spans a broad range of services, including helping companies acquire their GSA Schedule, remaining compliant with the myriad terms and conditions.