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Here are different methods using which you can convert a Word document to Excel format with or without using a third-party tool.
Converting a Microsoft Word file to an Excel spreadsheet or vice versa is straightforward. You can achieve this with the good old copy-and-paste method, which is the easiest option available.
To embed or add a Word document inside Excel requires the user to do so via Objects, Paste special, Linked documents, or creating a new file.
Maybe you’re not interested in alternatives to Word and Excel, but bear in mind that these alternatives handle Microsoft file formats very well—not perfectly, but well enough in most cases.