Companders are speech processors, nothing else. They improve signal strength by slightly increasing weaker microphone modulation, but mostly change the person's voice to ranges that the listener's ear hears clearer.
I run compander ON on most of my radios, but if adjustable at the lowest setting. Right now my voice drives any decent mic as well as a professional quality mic, I get a lot of compliments and questions about what equipment I use, but its mostly good luck coming out of my mouth; hardware provided from above ? .