Fetch, Update, and Schedules

Fetch, Update, and Schedules

Hello!

I have a form that has a drop down called "Status" which I use to filter for reports.

I'm using the Schedules feature to send a report of records once daily based on the status field. I'd like to create a second schedule to update the status field shortly after the first report is sent.

Is this possible? 

Thanks
Arlan