While it's not a true multi-effects processor, it comes close in some respects. Reverb and modulation effects are available as well as a rather grainy distortion and somewhat weak compression. Several configurations allow combinations of effects but not to the same degree as the QuadraVerb or the Boss SE-50 and SE-70 processors.
It has a fairly lo-fi sound which is useful in some contexts and the delays are adequate for most purposes.