You can execute any shell script, using your shell’s support for taking in a script within a string argument.
Example:
execute_process(
COMMAND bash "-c" "echo -n hello | sed 's/hello/world/;'"
OUTPUT_VARIABLE FOO
)
will result in FOO
containing world
.
Of course, you would need to escape quotes and backslashes with care. Also remember that running bash would only work on platforms which have bash – i.e. it won’t work on Windows.