Notifications when Task/Issue status changes

It would be great if Workfront could send an email notification to Project Owner/ Team members of teams assigned to tasks whenever a task or issue status changes.

For example: when a task changes from "New" to "In Progress" or to "Complete", it would be amazing if the Project Owner and Team members could receive a notification to let them know.

Right now, project owners who are assigning a large volume of tasks, have to go into reports/dashboards to check the status and they would prefer to receive an email notification so that they don't have to worry about the status and updates.