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Compile your Excel workbook to executable machine code (EXE) Excel is not required to run compiled Application One of the benefits you get from xlCompiler is a completely stand-alone application on the output. You don't need Microsoft Excel or Runtime Module or another third-party application to run your model. Everything is included into EXE. Your application doesn't depend on the version of Microsoft Excel installed on the user's PC. Also, it doesn't depend on the Add-ins and other software installed on user's PC, which could slow down your model or create compatibility problems. xlCompiler is a true Spreadsheet Compiler!