[tim.read]

Sure does

Here's the blurb from the Help Files

With AddressAccelerator, you can correct and update addresses for All Records, Selected Records, or One Record, as well as print an Updated Address Report.You can use AddressAccelerator with several parts of The Raiser’s Edge to look up, correct, and validate addresses: in Batch, on the address screen of a constituent record, and on the PostalSaver tab in Mail if you also have the optional module Mailsort.