“After capture process, Does this software have the capability to compress a large file from VHS tape to fit on blank DVD 4.7GB to be burned?”
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What I use depending on the computer I am on. I have Pinnacle 12 on Windows 7, and Pinnacle 23 on Windows 10. The converted digital file ( most likely mpg2 - standard for dvd is 720 x 480) would need to be converted to a .vob file. The Pinnacle Studio program does a really great job of burning the mpg2 onto a dvd and depending on your software you may be also able to put it on a Blu-Ray disc.
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