Boon Product Spotlight: Payroll Automation

Payroll management is one of the biggest challenges facing trucking companies, requiring administrators to compile data from multiple systems and perform complicated calculations to process payouts. Boon’s Payroll Automation product simplifies the process by integrating all necessary data sources into a single, streamlined platform and automating time-consuming back-office functions—increasing efficiency and minimizing costly errors.

Tackle Issues Caused by Traditional Payroll Systems

Historically, payroll administrators have needed to manually gather data—including telematics, maintenance records, and fuel purchases—inefficiently spread across different systems. As the industry has increasingly shifted towards complex, individualized component pay driver agreements, the chance for significant mistakes has also gone up; it’s no longer feasible to manually perform payroll calculations. On average, 50% of driver payslips contain mistakes, resulting in overpayments of $10 to $15 per payout—adding up to substantial financial losses for companies.

Payment issues and delays also cause frustration for drivers, especially as instant pay models become more prevalent. Failure to reliably and quickly process payments negatively impacts driver retention in a sector already facing high turnover rates. Industry turnover is as high as 50%, with certain companies experiencing up to 100% each year. To maintain a satisfied, stable workforce, logistics companies need to find a solution to traditional payroll inefficiencies.

Integrate Data for Efficient Payment Calculations

Boon’s Payroll Automation is specifically designed to tackle payroll challenges head-on. Developed in collaboration with reputable trucking companies, our cloud-based platform connects all relevant data sources through dashboards that allow administrators to visualize and manage a wide range of payroll factors. In the past, companies often resorted to oversimplified models to streamline manual payroll tasks; Boon now enables fleet managers to automate even the most complex component pay calculations. This empowers companies to confidently handle any driver agreement with accuracy and transparency. 

Support Multiple Pay Structures

Payroll Automation accommodates various pay structures—including mileage-based pay, hourly wages, detention pay, and bonuses—which is essential when working with a mix of company drivers, owner-operators, and contract drivers. Payroll Automation integrates seamlessly with all major payroll platforms, giving customers the flexibility to continue using their preferred systems or to make the switch to Boon’s own payroll feature. 

Explore Boon’s Purpose-Built Payroll AI Solution

Built specifically for the trucking industry, Boon’s Payroll Automation addresses its unique challenges with precision and efficiency. We’re committed to innovation, with exciting new payroll features on the horizon—including a quickpay option enabling next-day payments, and a digital wallet that allows drivers to get paid directly into their Boon accounts. With our industry-specific approach and cutting-edge features, Boon’s Payroll Automation is setting a new standard for efficiency in the industry—ensuring trucking companies and drivers benefit from a more transparent, reliable payment process. Click here to schedule a demo.