Corel Painter lets you convert the color profile of a document to another color profile. Converting a color profile differs from assigning a color profile, which involves only the translation of one color profile to another and affects only the display of color. When you convert one color profile to another, the color values in the document are irreversibly changed. For more information, see Should I assign or convert color profiles?.
Corel Painter also lets you choose the color management engine that is used for converting color profiles. The color management engine, also known as a color management module (CMM), uses the information in the color profiles to translate the color values. The resulting translation of the color values may differ, depending on the color management engine.
In addition, you can flatten images when converting color profiles. Flattening images drops all the layers onto the background canvas.
You can also convert the color profile from the Navigator panel by clicking the Open Navigator Settings button , clicking Color Management, and choosing Convert To Profile.