The same way that engineers saying you shouldn't use dung to build houses are guilty of architectural elitism.
Excel is the wrong tool because it mixes presentation and data, to the point that geneticists had to change the names of genes so their spreadsheets would stop turning them silently into dates and then destructively changing the original data[0].
>Excel works great - I've personally built some very complicated models that work just fine.
I've personally cleaned up after people like you, which cost the business millions of dollars because they didn't realize how unqualified they were for doing their jobs.
>Goes through the same process of QA and line-by-line checking of requirements.
Somewhat difficult as excel is not line based. "Oh yes, these constants are on a different sheet, if you just click here, here, here and here you can see where we get the original data, we multiply it by 1.0 to make sure it's not a date over there and then we feed it back ..." if excel was sanely serializable you could easily version control it and see meaningful diffs between check ins. Double points if you could run tests on sheets and run them in batch mode easily (I said easily).
[0] https://interestingengineering.com/genes-renamed-to-stop-mic...