Many AI-powered tools automate workflows in Excel. Finance teams can leverage these tools to automate manual tasks like data cleaning, report generation, and even data categorization.
Beyond low-level manual processes, AI tools in Excel handle more complex and in-depth tasks, such as scenario analysis, financial forecasting, budgeting, and trend analysis.
You can generate actionable insights from data in less time than before, devise more effective strategies, and optimize decision-making.
There’s an AI tool for almost every task you can do in Excel. Popular tools include:
AI tools improve how teams use Excel by reducing repetitive work, errors, and speeding up analysis. Instead of spending hours writing formulas or formatting data, teams can focus on more valuable tasks that require critical thinking.
Here’s what AI Excel tools bring to the table:
With these tools in place, teams can move faster, make smarter decisions, and work more efficiently in Excel, without overhauling their existing workflows.
AI tools built for Excel help finance leaders get more value out of their spreadsheets. By automating routine tasks and improving how teams interact with data, these tools let finance teams focus more on strategic thinking, and business support.
AI has reshaped financial planning and analysis processes. Finance leaders can:
With AI tools streamlining your Excel workflows, you can stay ahead of the competition and market. All of these tools can result in better strategic planning and decision-making.
But what AI tools should you be using?
The best AI Excel tool enables FP&A teams to support the business, suggest actions, and scale their impact.
Best for: Cube’s simple and intuitive experience makes it an excellent choice for FP&A teams looking for a scalable, robust AI-powered financial planning tool at a reasonable price.
Cube is a cloud-based FP&A platform that helps companies hit their numbers without having to sacrifice their spreadsheets. Cube meets FP&A teams wherever they work—Excel and Google Sheets.
With Cube’s flexible AI-powered platform, you can hit your numbers without sacrificing your spreadsheets. Eliminate all the manual, repetitive work and focus on what matters the most—making strategic decisions that drive better business performance. Cube offers a dashboard creator that lets you see and explore data in Excel in depth. The platform lets you:
Cube recently expanded its AI capabilities with conversational AI apps for Slack and Microsoft Teams. It allows finance teams to ask questions in plain English, analyze operational and financial data, and get instant answers, without leaving their messaging tools.
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Ready to give Cube a try? Book a free demo.
AI tools for formula generation help finance teams generate accurate Excel formulas. They reduce time spent on manual entry, minimize errors, and simplify complex calculations. Here are the best AI Excel tools for formula generation;
Best for: Generating custom spreadsheet formulas and SQL queries
GPTExcel is an AI-powered Excel formula generator that enables businesses and individuals to streamline their Excel processes. Finance leaders can use GPTExcel to generate custom formulas and automate complex financial calculations, modeling, analysis, and reporting.
The platform also enables finance teams to generate automation scripts, such as VBA scripts for Excel, to automate and streamline repetitive tasks like data entry, validation, filtering, and building custom financial dashboards.
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Best for: Converting English prompts into Excel formulas
Formula Dog automatically turns English into Excel formulas, VBA code, regex code, and SQL. It provides explanations for transformed formulas, code, and SQL; users can also transform existing code/formulas into English.
Finance teams can use the tool to convert their spreadsheet, VBA, and regex problems into formulas and speed up financial analysis.
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Best for: Transforming plain texts into Excel formulas
Excelly-AI lets users upload XLS files and generate formulas using data in the files. It turns plain text into Excel formulas and also provides explanations for every formula generated. It also checks the column schema of individual spreadsheets.
Finance teams can use Excelly AI to write more personalized prompts for spreadsheets and also integrate with Slack to perform analysis while working within Slack.
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4. Formulas HQ
Best for: Writing Python scripts for data cleaning and analysis
Formulas HQ is a software platform for Excel and Google Sheets users. It offers AI-powered tools to generate formulas, VBA code, and regular expressions.
The platform aims to simplify spreadsheet tasks, automate processes, and assist users in creating more efficient workbooks across multiple languages. Finance teams can use it to streamline financial modeling, data analysis, and reporting tasks.
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Best for: Using VBA to perform tasks in Excel
AI ExcelBot enables users to generate formulas in Excel using simple text instructions. The platform offers built-in financial functions and formulas, such as ACCRINT, AMORLINC, DDB, and DISC.
FP&A teams can use this tool to automate formula generation and get simple explanations of complex formulas. AI Excelbot offers VBA code support for teams using VBA for tasks like data analysis, financial modeling, and forecasting.
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Best for: Generating and getting detailed breakdowns of VBA scripts
Formularizer offers a simple platform similar to ChatGPT. It has an AI formula assistant, regex assistant, SQL assistant, and VBA assistant. Finance teams can use Formularizer to generate more accurate Excel formulas, queries, and scripts by inputting sample data from existing Excel sheets.
Formularizer also stores all formulas users generate and provides a history that users can access at any time to compare formulas used in the past to current formulas.
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AI tools for data analysis and modeling help finance teams explore large datasets, uncover trends, and build accurate forecasts in Excel. They reduce manual analysis, support faster decisions, and improve reporting accuracy. Here are the best AI Excel tools for data analysis and modeling;
Best for: Learning Excel VBA and understand how existing VBA code works or debug existing scripts
Ajelix is a data analytics platform that offers business intelligence and AI tools for Excel and Google Sheets. It also has other AI-powered tools, such as data visualization, SQL generator, answer generator, and virtual assistant.
Finance teams can use Ajelix to speed up reporting and data analysis tasks in Excel. It enables them to generate formulas to analyze large datasets, build complex trend analysis and forecasting formulas, and compile multiple related formulas into one to reduce analysis time.
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Best for: Training an LLM based on business data and building a personalized AI model
Arcwise AI supports data analytics, visualization, and modeling. It lets users maintain a centralized data warehouse and create a custom AI model using their business data. Arcwise AI integrates with tools like Hubspot, Salesforce, Google Analytics, and Stripe.
FP&A teams can integrate Arcwise with Excel to automate data visualization, build charts and graphs, and drill down into data points to uncover insights. They can also generate and share reports from any size of data.
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Best for: Automating data visualization
Excel Formula Bot is a data analysis platform that enables users to explore, analyze, and visualize data in Excel. It can convert text into spreadsheet formulas, SQL queries, and advanced data models, and it can also convert PDFs into spreadsheets.
Excel Formula Bot offers an AI data analyzer that finance teams can use to generate insights, tables, and charts automatically by simply asking a question. The platform enables them to upload and combine data from multiple sources to Excel and translate data into charts for visualization.
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Best for: Automating financial research
PromptLoop enables users to automate research. Its AI crawls the internet to extract data about companies, deals, and leads based on inputted queries. It also lets users build and augment personalized datasets.
Finance teams can use PromptLoop in Excel to clean and format large datasets. Its labeling and categorizing tools automatically categorize revenues, expenses, and other financial data. They can also use the platform to automate research, such as market trends and competitor analysis.
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5. Powerdrill AI
Best for: Querying, visualizing, and analyzing Excel data using natural language
Powerdrill AI allows users to upload Excel files and ask questions about their data using plain language. The tool interprets user prompts and returns answers, visualizations, or summaries based on the dataset.
It supports multi-tab spreadsheets and offers connectors for a range of data formats, including Excel, CSV, TSV, and SQL databases.
Finance teams can use Powerdrill AI to interact with spreadsheets through a chat interface, generate charts, share insights through links or email, and convert responses into presentations.
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6. Tableau
Best for: Creating visual dashboards and analyzing Excel-based data using AI guidance
Tableau is a business intelligence and data visualization platform from Salesforce that supports Excel file integration. Finance teams can import spreadsheets into Tableau, clean and transform data, and build dashboards that track financial metrics, trends, and variances.
With Tableau Pulse and Tableau Agent, users can interact with data using natural language, surface AI-generated insights, and receive automatic alerts on metric changes.
Tableau also includes prebuilt dashboards (Accelerators) that help users analyze common financial workflows without starting from scratch.
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AI tools for task management help finance teams automate routine updates and connect Excel with project workflows. They reduce manual effort, improve coordination, and keep processes on track. Here are the best AI Excel tools for automation and task management;
Best for: Connecting Excel with other apps to automate repetitive tasks
Zapier is an automation platform that lets users create workflows, called Zaps, that connect Excel with other apps like Gmail, Slack, Trello, and Google Sheets.
Finance teams can use Zapier to automate data entry, send alerts when values change, or move information between systems without manual effort.
By linking Excel to other tools, Zapier helps streamline reporting, approvals, and recurring tasks across finance operations.
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Best for: Automating analysis and reporting directly within Excel
Microsoft Copilot is an AI assistant built into Microsoft 365 apps, including Excel. It uses natural language processing to help users analyze data, generate formulas, summarize trends, and build visualizations without manual effort.
Finance teams can use Copilot to automate common spreadsheet tasks, generate insights, and reduce time spent on reporting. Copilot works directly in Excel and supports both desktop and web versions for enterprise users on eligible Microsoft 365 plans.
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Best for: Managing any project’s processes
ClickUp is a project management tool that enables users to manage any project through customizable views like lists, Gantt charts, and boards. It has an AI assistant for users to automate their work and integrates with other apps like Notion, Asana, Miro, Trello, and Excel.
FP&A teams can integrate ClickUp with Excel to enhance workflow automation and data analysis. They can automate data updates between both platforms, combine task management with financial analysis, and create comprehensive qualitative reports.
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4. Numerous.ai
Best for: Experimenting with prompt structures, collaborating on GPT inputs and outputs, and prototyping AI features
Numerous.ai lets people use ChatGPT inside Excel and Google Sheets. Users can create content in spreadsheets, extract keywords, and classify or summarize input.
Finance teams can use it to clean, summarize, and categorize financial data in Excel. They can also use ChatGPT inside cells and formulas and train the AI tool to automate financial processes. The platform also lets users generate complex formulas and get explanations for formulas using text prompts.
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Start by narrowing down the tasks you want to improve. If your team spends a lot of time building forecasts, managing large models, or analyzing trends, look for tools that support scenario planning, data modeling, and visualization. For repetitive spreadsheet work, like formula creation, data cleanup, or reporting, prioritize tools that handle those tasks with minimal input.
Consider how the tool fits into your existing workflow. Some work directly in Excel, while others require uploading files or switching between platforms. Think about whether your team needs real-time collaboration, natural language querying, or integrations with other systems you already use.
Finally, review pricing and usage limits. Ensure the tool includes the features you need and can scale with your team’s workload. Aim for a balance between functionality, ease of use, and long-term fit
There are many AI tools built for Excel, each designed to support different needs, whether that’s writing formulas, automating reports, or analyzing complex data. Choosing the right one depends on your team’s workflow, technical comfort level, and business priorities.
AI tools for Excel will help you streamline your FP&A process for speed and accuracy. You can automate repetitive tasks, giving your team more time to focus on coming up with smart strategies to grow your business performance.
The best AI Excel tool to use is one that offers a centralized platform that not only lets you work faster in Excel, but also provides visibility into everything happening with your business data in real-time. It should let you connect all the tools you work with together.
Book a free demo to see how Cube can help you optimize Excel and unlock the full potential of your business processes.