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Excel templates can streamline the design and standardization of forms and reports, with hundreds of free options available for all users in both the desktop app and Excel online. The video tutorial demonstrates how to locate these templates: access them via the File tab, then New. Users can browse categories or use specific search terms to find templates, such as 'tracker templates.' Selecting a thumbnail provides additional details about the template, including its developer. To download a desired template, simply click the Create button.