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To embed or add a Word document inside Excel requires the user to do so via Objects, Paste special, Linked documents, or creating a new file.
Learn how to open an XML File in Excel, Word, Chrome, and Edge on a Windows computer using the methods mentioned in this post.
Open your document in Acrobat (available on macOS and Windows), go to Tools > Scan & OCR > Recognize Text. Once the text has been catalogued, go to Tools > Export PDF and export as an Excel file.