BravoTran, a freight payables automation platform, has acquired Keystroke.io, a company specializing in automating accounts receivable processes for the freight forwarding industry. This acquisition allows BravoTran to streamline both payables and receivables, offering an end-to-end solution. Financial terms of the transaction were not disclosed. BravoTran CEO Tom Durrenberger aims to become the leading payables automation service for freight forwarders.

BravoTran, based in Chicago, focuses on producing labor efficiencies and improved cash flows for its customers. Keystroke.io co-founder David Haynes believes the acquisition validates the innovative product his team has built. The acquisition is seen as a way to solve real, tangible problems faced by forwarders in managing their finances. This move is considered significant within the industry.

Read more at Yahoo Finance: BravoTran ups invoicing capabilities with Keystroke.io acquisition