Well, maybe. Biggest problem is using database from 80s, which is used in a way that sometimes it acts like database, sometimes it is used by copying files (one file per table) around random directories with custom locking mechanism.
App consist of maybe 20 different codebases that generate around 30 executables, kind of randomly, fetching source files from different codebases as programmer find a fit + random "fixes" of system modules/component make it all very very hard to do much groundbreaking work.