Visualnet digitalises production services procurement with full traceability and sealed market benchmarks. Documentary evidence that meets the requirements of investors, tax incentive bodies and international regulatory frameworks.
Visualnet digitalises the complete procurement process, from project creation to final award, with documentary evidence at every stage.
NISR 4400 certification aims to demonstrate that the procurement process was correct: that the request for proposals reached 100% of technically qualified suppliers according to Visualnet's taxonomy and directory. That is what the auditor certifies — the quality of the process, not the number of responses the market gave.
A Production Manager cannot control how many suppliers are available in a specific market for a given date. They can — and must — control that the request reached 100% of theoretically suitable suppliers. If the market has only one capable supplier on those dates, a single quote is perfectly certifiable.
3 or more bids
Certified process + full market benchmark. The NISR 4400 report includes minimum, average and maximum.
1 or 2 bids
100% of the market was contacted. Certified process + documented note of limited market. The NISR 4400 report stands firm.
Zero bids
No NISR 4400 report is issued. The process is documented but without certification.
International productions located in Spain to access tax incentives operate within a multi-level regulatory framework. Visualnet is designed to meet its requirements.
The IRS requires that services between related entities are invoiced at the price an independent third party would have charged. Without a documented, independent benchmark, the studio cannot defend those prices under inspection. Penalties range from 20% to 40% of the estimated difference.
US-listed companies must maintain accurate accounting records and adequate internal control systems (SOX §302 and §404). The FCPA requires that any payment through third parties abroad be documented in sufficient detail. The CFO personally certifies this 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 problem.
Access to the Art. 36.2 LIS deduction and regional incentive programmes requires evidence that expenditure is real and at market price. Visualnet's sealed history provides exactly that evidence, line by line.
What Visualnet provides to the studio, not just the production company
Visualnet's chained history — with sealed benchmarks line by line — is exactly the type of evidence the IRS, SEC, SFO and AEAT accept as proof of orderly procurement at market rates. It is also the documentation that major audit firms request when conducting due diligence on productions with tax incentives.
Demonstrates with real market data that the technical production budget is competitive. Exportable history for financial due diligence and international co-production.
The sealed record certifies that expenditure is real and at market price — an essential requirement to access Art. 36.2 LIS in Spain, the AVEC before HMRC or equivalent programmes in the United States.
The chained history and sealed benchmarks provide the objective, independent evidence audit firms need to issue agreed-upon procedures reports.
Every architecture decision at Visualnet is oriented towards meeting the most demanding standards in the financial and film and TV industrys.
Every Phase B request for proposals generates NISR 4400-compatible documentation. The certification level (full / exhausted market) is assigned automatically based on eligible market coverage.
Cloud-native architecture with strict per-client data separation, AES-256 encryption at rest and TLS 1.2+ in transit. NISR 4400 reports are signed with a qualified FNMT-RCM certificate compliant with Regulation (EU) 910/2014.
Each event generates an identifier chained to the previous one. Impossible to alter the history without leaving a mathematical trace. Verifiable by any independent auditor, regardless of jurisdiction.
Request a personalised demo for your production company, studio or audit firm. We show you the complete process with real data.