A scheduled report will help you to get notified via email whenever a report will run at the scheduled time you have set for. 

You can schedule reports you save from the Book of Business and Personal Data Book reports. Once you save the reports from BOB and PDB you will find the reports under the Saved Reports section. From there you can schedule it. You can schedule it on a daily, weekly, or monthly basis.

So whatever time you will schedule for example if you schedule the report to run at 10 am daily, the run time will get added and you will get a mail at that time saying that you have scheduled a report at 10 AM.

In case you save it monthly, then every month at the set time, the report will get scheduled.

Based on the scheduled report run time the latest data till that time will be added to the report and thus you can download the updated report. The Agent will receive an email notification when the scheduled report runs.