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Excel templates can streamline the process of designing and standardizing documents. Hundreds of free templates are accessible to all Excel users and function in both the desktop app and Excel Online. In the tutorial, the presenter highlights how to find these templates by navigating to the File tab and selecting "New." Users can browse categories or search using specific terms, such as "tracker templates." Clicking on a template thumbnail provides additional details, including the developer's information, and allows users to scroll through other templates. Once a desired template is found, users can click the "Create" button to download it.