Graphtec supplies a plugin for cutting from Illustrator. I'm not sure if it also works with CorelDRAW or not. You may or may not find it adequate for your needs and you might prefer to export your Illustrator or CorelDRAW creations as EPS format and then open them in VinylMaster Pro for additional changes and production.
I used Cutting Master for years to cut vinyl right out or Illustrator on my Graphtec plotter, never used the software that came with it. I found Illustrator did everything I needed with the advantage of being driven by the FULL power of Illustrator and all it's ability and compatibility with Photoshop.
There is nothing you can't scan in Photoshop, convert, manipulate, export to Illustrator to vectorize, do all the vector design work, font conversions, logo tweaking, sizing, scaling and then sending the job to the Graphtec plotter. And yes Cutting Master 2 also works with CorelDRAW.
And now Graphtec came out with Cutting Master 2, and it has even more functionality, see the link below and watch the different videos.
http://www.graphtecamerica.com/FAQs/cutting_master2.html