This is how contracting
works in Visualnet

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.

✦ Patent Pending · USPTO IRC §482 · Arm's length · IRS UK Bribery Act · Adequate procedures Art. 36.2 LIS · Spain incentives

Five moments that build the evidence

The Procurement File is generated automatically, in real time. Every step is recorded without any additional work from the production team.

01

The service is defined and sent to the entire market

The Production Manager describes the service needed. An AI assistant built into the platform helps define the technical requirements precisely — to maximise the quality and comparability of the proposals received. When published, the system automatically identifies all qualified suppliers for that activity and geography and sends them a simultaneous invitation. The publication timestamp is recorded immutably.

AI assistant · Automatic notification · Publication logged
02

Suppliers submit their proposals in a closed environment

Each company accesses its panel and submits its proposal. No competitor can see another's figures. Confidentiality is guaranteed by architecture — not by policy. Proposals can be revised until the closing time.

Confidential environment · No cross-visibility
03

At closing, the market benchmark is signed in the Procurement File

The system automatically calculates and signs in the Procurement File the real market range: minimum, below average, average, above average and maximum. At that moment, no administrator — at the production company or at Visualnet — can modify the benchmark. The signed benchmark is immutable by design, not by policy.

Benchmark signed in the Procurement File · Immutable · Patent Pending USPTO
Proposal comparison view with signed Procurement File — Visualnet

Live platform view: proposals ranked by market position, Procurement File signed at closing and immutable.

04

The award is recorded with a mandatory justification

The Production Manager selects the winning supplier. If the awarded price exceeds the market average, the platform blocks confirmation until a written justification is submitted. No exceptions, no workarounds. The award and its justification are recorded immutably.

Immutable award · Mandatory justification
05

The Procurement File closes: objective, immutable, defensible

Every action in the process is cryptographically chained to the previous one using SHA-256 technology with a patent application pending before the USPTO. The result is a PDF-exportable Procurement File: what service was requested, how many suppliers were invited, all proposals received and their market position, and the award with its documented justification. Verifiable by any independent auditor, regardless of jurisdiction.

SHA-256 · eIDAS signature · Patent Pending · Procurement File signed

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.

If it appears in the eligible production budget, Visualnet can document it

From the first day of shooting through final post-production delivery. 106 service categories organised across four budget blocks.

Camera and technical equipment

  • Camera and lens rental (ARRI, RED, Sony, Zeiss, Cooke)
  • Lighting and electrics (HMIs, LED panels, generators)
  • Grip, cranes, dollies and Steadicam

1,600+ verified companies in camera rental · 1,500+ in lighting

Production services

  • On-set catering and craft services
  • Equipment, crew and specialist vehicle transport
  • Aerial filming and drone services

1,290+ verified companies in catering · 800+ in production transport

Art department, sets and wardrobe

  • Set construction and scenic carpentry
  • Props and prop hire
  • Professional wardrobe and make-up

450+ verified companies in set construction and props

Post-production

  • Digital colour grading and editing (DI)
  • VFX and visual effects
  • Dubbing, subtitling and deliverables

500+ verified companies in post-production services

The benchmark is real because the directory is complete

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.

98.000+
verified audiovisual companies
139.000+
activity references classified
106
production service categories
7
7 territories · Spain · UK · France · Germany · Italy · USA · Canada
Visualnet control panel — active projects with real-time market metrics

What no conventional procurement system can offer

Patent Pending · USPTO No. 64/036,591

Verifiable 100% coverage of the eligible market

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.

Patent Pending · USPTO

Three-tier classification based on market coverage

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.

Patent Pending · USPTO No. 64/036,620

Chained, immutable SHA-256 audit trail

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.

Documentation designed for three
regulatory jurisdictions

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.

EE.UU. · IRS · IRC Section 482

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.

EE.UU. · DOJ/SEC · FCPA + Sarbanes-Oxley

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.

Reino Unido · SFO · UK Bribery Act 2010

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.

España · AEAT · Art. 36.2 LIS

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.

One process. Three actors.
One report.

Production companies

Production companies

Procure with order from day one. Documentation is generated automatically. Exportable for investors, tax incentive bodies and any review.

Studios and broadcasters

Studios and broadcasters

Read-only visibility over the procurement of every production. The same report your compliance team needs before the IRS, the SFO and the SEC.

Audit firms

Audit firms

Independent audit portal. The Procurement File signed by Visualnet — ready for the ROAC-registered auditor to issue their NISR 4400 report on that basis.

Want to see it in action?

Request a personalised demo for your production company, studio or audit firm. We will show you the full process with real production data.