This was a major advantage over previous Office apps that were only updated every few years. The first time that Word, PowerPoint, and Excel were available as part of a subscription was also the first time. Microsoft took its productivity software to a new level with the 2011 release of Office 365. One payment for the ongoing use of the software without annual payments (aka subscriptions). This is what Microsoft refers to as a "perpetual license" version. Office 2021 will be the next version for small businesses and consumers of Microsoft Office.
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