Yes, but with an important caveat. Word offers a "Signature Line" function that inserts a signed field, sometimes associated with a certificate. This function remains limited: it is poorly suited for multi-party signing, poorly readable by recipients without Word, and does not offer the traceability of an electronic signature platform.
The reliable method consists of converting the document to PDF and then having it signed via an eIDAS-compliant electronic signature solution, which identifies each signatory and seals the document's integrity with a timestamped audit trail.