From the initial need to the award — every line item of the production budget documented, benchmarked against real market data and ready to justify the tax incentive, with no additional work from the production team.
The Procurement File is generated automatically, in real time. Every step is recorded without any additional work from the production team.
You don't need to prepare anything afterwards. The Procurement File builds itself while you work.
What service was requested, how many suppliers were reached, all proposals received and their market position, the award with its documented justification. Exportable as PDF at any time. It is the document you will need to justify every eligible cost of the tax incentive.
Full coverage
3 or more proposals received
Market contacted at 100% + full benchmark (minimum / average / maximum). The Procurement File serves as full support for the ROAC-registered auditor to issue their NISR 4400 report.
Market exhausted
1 or 2 proposals — 100% of market contacted
Market contacted at 100% + documented note of limited market. The Procurement File is recorded as solid support for the NISR 4400 report the ROAC-registered auditor issues — more defensible than a restricted process in a broad market.
No market response
No proposals 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 process can be repeated extending the scope.
From the first day of shooting through final post-production delivery. 106 service categories organised across four budget blocks.
1,600+ verified companies in camera rental · 1,500+ in lighting
1,290+ verified companies in catering · 800+ in production transport
450+ verified companies in set construction and props
500+ verified companies in post-production services
Visualnet does not compare against a sample. When a service is published, the system automatically notifies every verified supplier for that activity and geography — no manual search, no manual outreach.
Market outreach is not declared — it is mathematically demonstrated. The system records the exact number of companies notified at the moment of publication. With 98,000+ verified companies and 139,000+ activity records, coverage is auditable by any regulator.
The coverage level is not an arbitrary convention — it is an automatic determination based on the actual coverage of the eligible market. Each level carries distinct evidentiary implications before the AEAT, the IRS and the SFO.
Each event generates an identifier chained to the previous one. Impossible to alter the record without leaving mathematically detectable evidence. The trail is independently verifiable without needing to trust Visualnet.
Productions working with international studios or accessing tax incentives in Spain, the UK and the United States operate within a multi-level regulatory framework. Visualnet is designed to produce defensible documentation in each of these jurisdictions.
The IRS requires that services between related entities be billed at the price an independent third party would have charged. Without an independent documented benchmark, the studio cannot defend those prices in an audit. Penalties range from 20% to 40% of the estimated difference.
US-listed companies must maintain accurate accounting records and adequate internal controls (SOX §302 and §404). The FCPA requires that any payment through third parties abroad be documented in sufficient detail. The CFO personally certifies accuracy to the SEC.
The UK Bribery Act treats the Spanish service producer as an "associated person" of the commissioning studio. If the producer is investigated in Spain, the studio must demonstrate it had adequate procedures. Without that evidence, the studio is liable — even without direct knowledge of the issue.
Access to the Art. 36.2 LIS deduction and regional incentive programmes requires evidence that expenses are real and at market price. The Procurement File signed by Visualnet provides exactly that documentary support, line item by line item.
What Visualnet brings to the studio, not just the production company
The Procurement File signed by Visualnet — with benchmarks signed line item by line item — is designed to configure defensible documentary support before the IRS, the SEC, the SFO and the AEAT in inspections on market pricing and related-party contracting. Its structure also responds to the criteria that major audit firms use in their due diligence processes on productions with tax incentives.
Procure with order from day one. Documentation is generated automatically. Exportable for investors, tax incentive bodies and any review.
Read-only visibility over the procurement of every production. The same report your compliance team needs before the IRS, the SFO and the SEC.
Independent audit portal. The Procurement File signed by Visualnet — ready for the ROAC-registered auditor to issue their NISR 4400 report on that basis.
Request a personalised demo for your production company, studio or audit firm. We will show you the full process with real production data.