Yes - the device can log access, i.e. record who has entered and when (depending on the configuration with cards/users and connected software).
Yes - the schedules in the access control software can be used to set a door to remain permanently open, e.g. between 8:00 and 20:00 ("Unlock Schedule").
It only works to a limited extent without software, but with the appropriate Hikvision software (iVMS-4200 / HikCentral) both functions are fully usable.