A shared Microsoft 365 Lists list is more valuable if you can use it to update source data in Microsoft Excel.

Creating a Microsoft SharePoint list from Microsoft Excel data is safer than sharing the entire Excel workbook.

Sometimes it might be necessary for an Excel user to share data with SharePoint. Using add-ins it is possible to incorporate data from an Excel spreadsheet into SharePoint Designer workflow, and ...

It's also possible to use an Excel file for a list. Users get multiple options with Microsoft Lists. It's possible to format list information from a table format into a card format, for instance.