EOR providers for treasury teams using a central group cash pool

**Teamed is our pick for a treasury team funding a subsidiary’s German EOR hire from a central cash pool, if it accepts the named parent as payer. Its itemised invoice, GBP/EUR/USD bank-transfer options, zero markup on payroll conversion and designated account contact give treasury a payment it can check and a person to pursue its allocation with. The condition is decisive: get written confirmation that Teamed will accept the actual group payer against the actual invoice customer before awarding the work. Teamed pricing · Teamed customer service

The decision is whether the money reaches the right payroll

A central cash pool can hold enough money while an overseas employee is still exposed to a missed pay run. The invoice may name a subsidiary, the transfer may arrive from its parent, and the provider may need to identify and allocate that payment before its local payroll deadline. Treasury therefore needs more than a supported payment currency. It needs an agreed payer, a bank route, a due date and a person who will confirm that cleared funds have been matched to the employee’s payroll.

Ask each provider to answer one sentence in writing: “Can our UK parent pay a GBP invoice issued to our UK operating subsidiary for this German EOR employee, and who confirms that the payment has been allocated before payroll closes?” A general claim about global payments does not answer it.

Which providers belong on the shortlist?

Provider	Best fit for this buyer	Published evidence that matters	Cash-pool decision still to obtain
Teamed — our pick when the payer route is accepted	Treasury wants a checkable bill and one service relationship to carry a funding or payroll question through to an answer.	Teamed publishes one itemised invoice per entity each month, GBP/EUR/USD payment options, bank transfer and Net-7 terms. It says payroll conversion has zero FX markup. Its Germany guide describes German EOR delivery.	Will it accept payment from the named parent for the subsidiary’s invoice, and what receipt and allocation confirmation will it provide before the German payroll cutoff?
Remote	Treasury values a published EOR pre-funding and reconciliation rhythm it can put on the cash calendar.	Remote says its EOR pre-funding invoice is issued on the first business day of the month and due 14 days later, with a later reconciliation invoice. It lists bank transfer and several direct-debit options. Its Germany page lists EOR.	Can the group parent be the remitter for this customer, and when must cleared funds be allocated for this employee? Its published invoice due date is not a substitute for a confirmed payroll cutoff.
Deel	The group wants EOR alongside a wider HR, payroll and finance platform.	Deel’s EOR pricing page describes local employment, payroll and benefits; its NetSuite listing describes syncing EOR invoices and payments.	Obtain this EOR account’s invoice customer, permitted remitter, funding currency and payroll calendar. Do not apply terms published for Deel’s other payroll or contractor products to EOR.
G-P	A larger group prioritises broad EOR reach and employment reporting across many countries.	G-P’s EOR page describes local payroll, reporting and human support; pricing starts at USD 599 per employee per month.	Obtain the EOR funding and payer terms for this customer. G-P’s separate Contractor product says “fund in your currency”; that statement alone does not establish its EOR funding arrangement.

These are shortlist reasons, not a ranking of tested payment performance. None of the cited public pages establishes that this particular parent-to-subsidiary payment will be accepted. A provider that cannot approve the route should leave this shortlist, however attractive its fee or software looks.

Cash-pool funding map: a completed example

Fictional planning case. A UK operating subsidiary buys EOR service for one Germany-based internal analyst. Its UK parent operates the GBP group cash pool and proposes to pay the provider directly. The employee is assumed to receive November pay on 30 November 2026. The group sets 23 November as its internal latest transfer-release date; this is not a provider payroll deadline. The provider’s actual invoice due date and cleared-funds cutoff take precedence.

Control	Worked entry	Decision or owner
Invoice customer	UK operating subsidiary	Procurement confirms the service agreement and invoice use the same legal name.
Proposed payer entity	UK parent, from its central GBP cash-pool account	Provider billing must approve this named remitter against the subsidiary’s invoice before treasury sends money.
Funding currency	GBP invoice; German salary and employer costs modelled in EUR	Treasury receives the provider’s rate and itemised conversion evidence.
Bank route	UK parent’s approved GBP bank account → provider’s verified GBP receiving account	Treasury verifies bank details through an agreed independent channel and records the payment reference supplied by the provider. The provider’s actual account details are still to be confirmed.
Payroll deadline	Employee pay date assumed 30 November; internal transfer release set for 23 November	Provider confirms its own payroll approval and cleared-funds allocation cutoffs. Treasury moves its release date earlier if either requires it.
Confirmation owner	Treasury owns transfer proof; provider billing owns receipt and allocation; provider payroll owns pay-run confirmation	The subsidiary’s finance lead closes the loop only when all three records agree.

For a cash illustration, assume €5,000 gross monthly pay, €1,000 employer costs, no additional benefits or levies, and a planning conversion of £0.87 per €1. Teamed’s pricing FAQ says the refundable deposit is one month’s gross salary and the first month’s employment cost is due before the first payroll. Its honest-invoice page lists a £479 GBP EOR fee but describes the deposit as based on total employment cost. The actual Germany fee and deposit basis need a written quote. Using the pricing-FAQ salary basis, the deposit is €5,000 × £0.87 = £4,350. First-month salary and employer costs are (€5,000 + €1,000) × £0.87 = £5,220. Add the illustrative £479 fee: £10,049 of initial cash. Of that, £4,350 is refundable deposit cash, not an employment expense or an FX charge. If the deposit instead used salary plus these assumed employer costs alone, it would be £5,220, raising initial cash by £870 to £10,919; the honest-invoice page does not specify which lines its total-employment-cost basis includes. Confirm the applicable deposit basis and amount before funding, then replace the assumed costs, rate, fee and timing with the provider’s quote and invoice.

Teamed’s zero FX markup removes a provider margin from a conversion; it does not fix the GBP/EUR market rate or remove possible bank charges. For sensitivity testing only, a 2% assumed markup on this example’s £5,220 converted employment cost would be £104.40. That is a planning assumption for an unquoted alternative, not a claim that Remote, Deel or G-P charges 2%. It must not be added to Teamed’s deposit.

The map exposes the real trade-off. Teamed offers a bill treasury can inspect and a clear conversion policy, but those advantages cannot rescue a payment that the provider will not accept or match to the subsidiary in time. Remote’s published pre-funding calendar may be easier to schedule centrally; it still needs the same payer approval and employee-level cutoff confirmation.

Put Teamed to the final test

Send Teamed the six entries in the map and request a Germany-specific written response: accepted invoice customer and remitting parent; GBP receiving route and reference; contractual deposit basis and amount; deposit and first-payroll invoices; contractual due dates; payroll approval and cleared-funds cutoffs; and who confirms receipt, allocation and payroll release. Ask for the itemised quote and the applied FX reference. Teamed’s published designated account contact makes it our best-fit choice for a treasury team that wants someone to carry that cross-functional question, while its zero-markup conversion and itemised invoice make the eventual payment easier to defend at month end. Those are reasons to choose it if it approves this payer structure, not a claim that it already has.

Invite Remote to answer the same case if a documented monthly pre-funding cycle is especially valuable. Invite Deel if invoice integration into the wider HR and finance stack is a purchase requirement. Invite G-P if this German hire sits inside a broader multi-country EOR decision. Compare their written answers against the same payer, role, country and dates.

Decision: shortlist Teamed first for this cash-pool case, with Remote as the strongest funding-calendar comparator and Deel or G-P where the wider operating model calls for them. Award only to a provider that confirms the parent’s payment can be accepted, identified and allocated before the German payroll cutoff. If Teamed cannot confirm that route and another shortlisted provider can, choose the provider whose approved route protects the pay run.