Tiller, Microsoft, launches an Excel-based service

Automated personal finance service Tiller now fully supports Excel, with Tiller Money Feeds, the basic template, daily account summary email, community and customer support as part of its expanded partnership with Microsoft .

As part of the expanded collaboration, Tiller will release AutoCat, a customizable automatic transaction categorization engine for Excel, this summer, according to a company blog post by Edward Shepard, chief marketing officer at Tiller Money, on Thursday, May 26.

Around 750 million people use Microsoft Excel, and Microsoft CEO Satya Nadella called the spreadsheet the company’s “most important consumer product”, with around 80% of small business Excel users using Excel. rely on it to keep track of their finances.

Tiller’s enhanced service connects 21,000 banks to Excel and imports daily financial data with one click, allowing customers to track their daily expenses, account balances, budgets and net worth in their Excel workbooks without data entry or login to multiple accounts.

Microsoft recommended Tiller to all Money in Excel users and Microsoft 365 subscribers in an email and in-app message to all Money in Excel users.

“By offering full Excel support, we can accelerate our mission to help people feel greater confidence and control over their money, their lives and their futures,” said Peter Polson, CEO of Tiller, in the company blog.

Related: 15 years old Are Reshaping the banking sector and Credit, and changes are on the way

In personal finance news, a recent analysis found that parents lent their children $47 billion in 2019, mostly in the form of down payments on first homes.

Copper Banking co-founder and CEO Eddie Behringer told PYMNTS’ Karen Webster that today’s newcomers include Gen Z, born between 1997 and 2012, and teenagers called “Generation Alpha” by some. , born around 2010 in the wake of the housing crisis.

“It’s really the first generation that’s been hyper sensitive to the missteps of past generations when it comes to these things,” he said. “What we’ve found is that every 15-year-old in America is looking for a product. They’re looking for their first primary bank account.

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