As others have said, the text part is handled by converting text to objects. That is for now. I would expect they will support text at some point.
For cut order by color, that is in there already. @Jules mentioned she’s going to put a tutorial together for it. But your comment tells me you already have the cuts differentiated by color. Am I right? All the strokes of a single color are grouped by the GFUI as operation steps shown to the left of the preview window. There you can assign the operation (cut, score), and adjust other parameters like speed and power. You can also drag and drop the operations to change the order. The default order is based on the numerical value of the RGB color values. See more here: