Excel is now in its 29th version and has become a corporate standard. The program is versatility, usefulness, and large user base have made it a must-have for every business, not just in Finance. Also, Excel is used by other departments like Marketing, IT, Product Management, Research, and HR to modify data and generate reports. The versatility of Excel is the reason for its popularity. There are countless ways to utilize this powerful application, from basic sums and equations to pivot tables and advanced analysis.