Calvis deploys on-demand security across 40+ U.S. cities. With Treasury, 70% of their invoices get cash advanced the same day they’re sent; the other 30% — the older, slower-paying ones — get handed to Invoice Collect. The team spends less than an hour a week on AR.
Founded in Miami in 2023, Calvis scaled to 40+ cities on the back of strong unit economics. The cash-flow timing didn’t cooperate.
Their clients — property managers, event venues, retail chains — stretched net-30 terms to 60 or 90 days. Meanwhile, Calvis paid guards every Friday. They were essentially financing their clients’ payment cycles with their own working capital.
The finance team burned 12+ hours a week chasing overdue invoices with QuickBooks reminders that clients either ignored or never saw. Hiring a full-time AR person wasn’t the right answer.
“I was going to have to slow down hiring — not because we weren’t growing, but because we were waiting 67 days to get paid for work we’d already delivered.”
Steve Schnell, CEO · Calvis
Treasury pulls every open invoice, underwrites each against the debtor’s payment history, and splits AR into two tracks. About 70% lands in Cash. The other 30% flows to Collect.
Fresh invoices to debtors with a clean payment history. Treasury advances cash to Calvis the same day, based on each debtor’s payment record. Calvis keeps billing the client directly; Treasury takes repayment when the client pays.
Aged, slow-pay, or thinly-underwritten invoices. Treasury chases them under the Calvis brand with graduated email, SMS, and phone outreach. Free under 90 days; 2.9% when recovered beyond that.
“The cash advance changed my cash flow instantly. I send the invoice, and most of the money is in my bank that afternoon. The rest goes to Collect and Treasury handles it.”
Steve Schnell, CEO · Calvis
Six-month comparison. Before = QuickBooks reminders only. After = Invoice Cash + Invoice Collect running together.
QuickBooks connected — 96 of 142 open invoices funded same-day.
Cash-advance flywheel kicks in. Aged AR handed to Collect.
First wave of Collect recoveries — phone + SMS top performers.
New invoices funded same-day; demand letters clear 11 aged accounts.
Steady-state. Cash covers payroll; Collect handles the tail.
Backlog cleared. Every invoice is either cash or collected.
With 70% of new invoices funded the same day they're sent, Calvis stopped financing their clients' 60-day payment cycles out of their own bank account. Payroll became a line item, not a Thursday-night stress test.
Nothing changed from the debtor's perspective — Calvis still bills them, Calvis still picks up the phone. Cash advances happen quietly in the background. On the 30% that goes to Collect, Treasury's tone is professional and warm.
Treasury looks at each debtor's payment history and tells Calvis up-front which invoices are safe to advance against. A handful of risky debtors get routed straight to Collect; most get Cash.
Between Cash handling the front end and Collect handling the tail, there's almost nothing left to chase manually. 12 hours a week became less than one.
In the six months before Treasury, Calvis wrote off 14 invoices as uncollectible. After, that dropped to 3 — and those were disputed line items, not ignored ones.
“Treasury is the first AR tool that solves the problem both ways. Most of our invoices pay on time — and they should be worth cash today, not 60 days from now. The ones that don’t pay on time should be someone else’s job. That’s exactly what Treasury does.”
Steve Schnell, CEO · Calvis
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