Yes it is. You can get rid of hundreds add ons to WPML just using Polylang ang preadded .po language files in plugins and themes you use everyday.
But how to translate content?
At top of metabox sidebar we got Languages box.
As masy translation we got so many blocks with flag and field name of linked page /post.
For now only one is aviable excerpt native language of post.
Cicking + is a link to create new translation linked to this post
Here we are:
Just make sure original post is also set as linked to Your translation. If not, then You can type name and it will auto refill from list