Yes. Please click on the Name of recipient to open the edit contact popup.
Then click on the purple button: VIEW ADDRESSING ON ENVELOPE AND CARD(s)
Here you will see examples of your envelope and card(s), where you can edit the text.
The envelope example offers you 3 rows to optimize the position on the digital envelope.
Please note that the addressing consists of the name only. If you wish to add a company name to the envelope, you will need to add the company name to the recipient's name, what we do not recommend.