Somewhat unexpected part launches into the personal money management segment: the software giant Microsoft (NASDAQ: MSFT). The company announced Monday the imminent release of a new money management application, Money in Excel, which will be included in its next Microsoft 365 software subscription service.
As the name suggests, Money in Excel looks like the company’s sustainable Excel spreadsheet software both in terms of interface and functionality.
Using Plaid’s interconnectivity solutions, the fintech acquired by the giant of payment cards Visa in a $ 5.3 billion deal announced in January, Money in Excel is for people who want to create and manage budgets.
The application “allows you to connect your bank and credit card accounts to Money in Excel, so you can automatically import account transactions and balances and create a custom workbook taking advantage of the rich features of Excel”, a Microsoft writes on its website.
Depending on the company, Money in Excel can also provide personalized information on spending patterns and send alerts on upcoming fees, overdrafts, service price changes and other financial information.
Microsoft 365 is a new iteration of the software cloud service currently known as Office 365. It introduces new features and applications such as Money in Excel. Microsoft started deploying some of these elements earlier this week; on April 21, Office 365 will be officially renamed with the new name.