Yes, you can use the Subscription function in the Document Management. You do like this to use it:
NOTE: If you subscribe to a whole folder, you also subscribe to all the files inside that folder. Also new files users upload to that folder will be subscribed. You can choose how often you want the Subscription report. You find it under My Functions/My Subscriptions. There you can set the interval to eg. Instantly, Hourly, Daily, Every other day or Weekly.