Yes, you have the option of creating a WinSyslog server, which houses each client servers log in a SQL databse. Then there is the option to run it on a standalone machine and log activities to a log file.

Here is the manual.

http://www.adiscon.org/manuals/WinSyslog-70.pdf

I your situation i wouldn't get too deep into WinSyslog. Just install it and have it write to a log file.