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Excel templates can significantly streamline the process of designing and standardizing forms and reports, with hundreds of free options available for all users of Excel. These templates are compatible with both the desktop app and Excel online. In this video, users will learn where to find these templates and how to create their own in the Excel desktop app. To access the free templates, go to the File tab and click on New, where you can browse by category or enter a specific search term. Selecting a template thumbnail provides detailed information, and users can navigate through additional templates using the arrows. Once a desired template is found, simply click on the Create button to download it.