Yes, the Vault software can transcode your recordings to DNxHD .mxf for Avid, or ProRes .mov for Final Cut Pro. The full range of compression codecs is available.
The software provides features for Scaling (e.g. from full resolution to HD for editing), LUT application (including a range of 3D LUT formats and CDL Data), and Burn-Ins (for masking, watermarks, and metadata such as shot names, roll names, and timecode).
See the section ‘Generate Task’ in the Vault Administrator Guide for details.