Fillable forms that auto-update a master file

I am wondering if it is possible with Excel to have a fillable form that, when submitted, would update as a new record on a master file? For example, lets say I have three columns (Name, Category, Sub-Category). Using a weblink or similar access, a person would be able to click for a new submitted record that would allow them to fill out the three categories (category and sub-category from a dependent drop down list format) and then click a button that says "Save" or "Submit." That form would then be sent to an email address where that person could approve or reject the new submission. If approved, the new submission would be added to a list of previously submitted records on a master Excel file. If rejected, the form would be returned to the sender's email for editing and re-submission. Is this possible?

Anybody with any ideas/suggestions?