Excel's strengths
Already installed, already paid for
No purchase, no approval to chase. For a three-week project with two people, nothing beats it.
Everyone can open it
No training, no account to create. A file goes to a client without asking them to sign up anywhere.
A grid accepts anything
Budgets, invoicing, pivot tables, one-off calculations: a spreadsheet does things no project tool will ever do.
Nothing to leave
The file will still open in ten years, with no subscription and no dependency on a vendor.