Yes, the Sage and Elipsa use the Nebo app to convert handwriting (joined up script or separate) to computer text. It will convert shapes and maths. You can include sketches. If you do all that then Export docx (actually it just saves it for USB transfer), if you only have text then "plain text" files can be "exported". There is HTML option too. The basic notepad is just a multipage sketching app and exports either png or image based PDF.
The Elipsa comes with a Pen and cover. The Sage doesn't. I use the Kobo pen with the Elipsa and a cheaper nearly identical 3rd party pen for the Sage that's sold for the Surface (but hasn't the One Note BT wake option).
You can use the pen to annotate, but only worthwhile for PDFs. For epub using text is better. There is no handwriting conversion on the ereader. There is no integration between ewriter and ereader.
The Nebo files are compatible with Nebo on iOS and Android. The only way to "import" to the notebook system is to copy Nebo files which might need a manual entry in Kobo ereader.conf
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