Visualnet signs the Procurement File with own probative value (Art. 25.2 eIDAS): sealed benchmarks, immutable history and verifiable 100% eligible market coverage, line by line. On that substrate, your firm issues the NISR 4400 report when your client's engagement requires it.
Visualnet is not a generic procurement system. It is the documentary infrastructure for film and television productions — with a proprietary methodology pending patent registration with the USPTO. What your clients need is not a process — it is objective, independent evidence, defensible before any regulatory body.
Verifiable coverage of 100% of the eligible market
Market consultation is not declared — it is demonstrated. 98,000+ verified companies in the private directory. 139,000+ activity records. The system computes the ratio of suppliers invited against the total verified supplier universe for each cost line. Coverage is auditable by any regulator, not self-reported by the client you are auditing.
Three-tier classification based on market coverage
Full Coverage — entire eligible market contacted, minimum three bids received. Market Exhaustion — 100% of the market contacted, insufficient supply due to genuine scarcity. No Market Response — entire market contacted, zero bids received, documented with full transparency. Each level carries distinct legal implications before the IRS, the SFO and the AEAT. The taxonomy is proprietary and covered by the patent applications.
Chained and immutable audit trail
Every event is recorded with a timestamp, SHA-256 chaining and a qualified eIDAS/FNMT-RCM digital signature. The record cannot be altered retroactively — by the client, by the producer or by Visualnet. This is the same standard required by the IRS, the SFO and the AEAT for documentary evidence in inspection proceedings.
Patent Pending · USPTO
U.S. Patent Application No. 64/036,591 — Automated Market Coverage Verification and Procurement Process Certification System for Creative Industry Productions.
U.S. Patent Application No. 64/036,620 — Multi-Tier Supplier Identity Verification System Using Corporate Domain Matching Against a Private Verified Supplier Directory.
Patent Pending since 12 April 2026 · Production Lifecycle Management, S.L.
The Procurement File that Visualnet signs — with own probative value (Art. 25.2 eIDAS) — is the support that a Studio needs before the IRS, that a Production company needs before the AEAT, and that substantiates adequate procedures before the SFO. Where applicable, your firm issues on that Procurement File the NISR 4400 report as an additional professional layer. Select the market to see what each type of client will require.
Tax credit programs in more than 28 states require that every eligible production cost is real and contracted at market rate. Where transactions involve related entities, the IRS applies IRC §482. For listed companies, the CFO certifies the accuracy of internal controls personally under SOX §302 and §404. Your client needs objective, independent evidence — cost line by cost line.
Regulatory framework
The documentary support, with additional professional layer where applicable
The Procurement File documents that every eligible production cost was contracted at verified market rate, with eIDAS Article 25.2 evidentiary value — defensible before the IRS as arm's length support. The NISR 4400 report puts on record, under the ROAC auditor's signature, the facts verified on that documentation.
When a US production company co-produces with a European partner, it co-finances a budget that a foreign entity controls. The DOJ can investigate that partner's payments under FCPA — including production costs paid above market rate. For domestic productions, the same arm's length standard applies to every cost line under the applicable state tax credit program.
Regulatory framework
The documentary support, with additional professional layer where applicable
The Procurement File documents the co-producer's costs with independent benchmark, sealing the partner's chain of decisions with eIDAS Article 25.2 evidentiary value — defensible against the client's FCPA exposure. The NISR 4400 report puts on record, under the ROAC auditor's signature, the facts verified on that documentation.
NISR 4400 is an agreed-upon procedures engagement — the ROAC-registered auditor executes previously agreed procedures and reports factual findings under their professional responsibility. Visualnet signs the Procurement File on which those facts can be verified: specifically, that the request for proposals reached 100% of the technically qualified suppliers according to the directory.
If the market has a single capable supplier for that activity and date, a single bid is perfectly substantiable. For the AEAT, the SFO or the IRS, it is more defensible than three quotes from a market of two hundred where only three were contacted.
If the market responds with twenty bids, the Procurement File includes a full benchmark. In both cases, the process is documented with eIDAS Article 25.2 evidentiary value. That is what distinguishes an auditable production from one that is not.
3 or more bids received
Market contacted at 100% + full benchmark (minimum / average / maximum). The Procurement File constitutes full support for the NISR 4400 report the ROAC-registered auditor issues.
1 or 2 bids — 100% of market was contacted
Market contacted at 100% + documented note of limited market. The available reference price is recorded. Solid support for the NISR 4400 report — more defensible than a restricted process in a broad market.
Zero bids received
The Procurement File is documented but with no market response. The ROAC-registered auditor may issue their NISR 4400 report with that factual qualification, or the client may opt to repeat the process extending the scope.
A minimum of three bids is a convention that does not reflect the reality of the film and TV market, where many specialised services have a single qualified supplier in a region for a specific date. Requiring three where there is only one does not improve the process — it distorts it. The Procurement File that Visualnet signs documents verifiable facts: how many suppliers are in the market for that activity and date, and how many received the request. On that factual basis, the ROAC-registered auditor executes their procedures.
When each request for proposals is published, the system records the number of suppliers notified at that moment. The directory of 98,000+ verified Film & TV companies and 139,000+ activity records allows verification that those notified equal 100% of the eligible market. Coverage is not declared — it is mathematically verifiable, which reduces the scope of the auditor's fieldwork.
An award with one bid from a single-supplier market, correctly documented, is more robust before any regulatory body than three quotes from a market of two hundred where only three were consulted. Tax authorities do not ask for a minimum number of bids — they ask for evidence that the price is a real market price. That is exactly what Visualnet documents.
Read-only access to the complete process. No possibility of modifying any data.
Auditor access cannot modify any data on the platform. Auditor independence is guaranteed by architecture, not by policy.
Each event generates an identifier chained to the previous one. Independently verifiable. Impossible to alter the record without leaving a mathematical trace detectable by the auditor.
PDF of the complete history per project, ready to attach to the audit file. Signed CSV with all events for own analysis.
Access to all your clients from a single auditor panel. No need to manage separate access per production company or project.
Certifiable market position line by line: minimum, below average, average, above average and maximum. Sealed at closing, not modifiable.
Designed to integrate into the due diligence processes of audit firms in the film and TV industry. The Procurement File is signed with a PAdES-B-LTA seal and qualified FNMT-RCM certificate, ready to serve as documentary support for the NISR 4400 report the ROAC auditor issues.
Every pre-production request for proposals generates the Procurement File electronically signed with eIDAS Article 25.2 evidentiary value. The market coverage level is determined automatically based on the number of bids received and the suppliers notified — factual support for the NISR 4400 engagement.
Multi-tenant architecture with strict data separation, AES-256 encryption at rest and TLS 1.2+ in transit. One client's data is never accessible from another's environment.
Each event generates a hash chained to the previous one. The auditor can independently verify the integrity of the entire history without needing to trust Visualnet.
Visualnet market coverage verification methodology and audit trail system are proprietary technologies subject to pending patent applications before the USPTO (U.S. Patent Application Nos. 64/036,591, 64/036,620 and 64/043,957).
Request audit access. We show you the portal with real data from an film and TV production project.