To some extent, yes.

1. VE offers some possibilities to change certain cosmetic details and update/translate static texts.
2. You can also select which chapters/module you wish to include by using the documentation Wizard.
3. You can choose to document the entire Project, on only the items selected in the treeview.
4. You can select the languages used in the documentation for static texts & titles.
5. You can generate your documentation instantly, or schedule it.
   It will be generated automatically on a regular basis.

Go to [Documentation - Advanced Settings] to customize and generate your documentation