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When deciding which formula to use for vertical lookups, the majority of Excel gurus agree that INDEX / MATCH is far better than VLOOKUP.
However, many Excel users still resort to utilizing VLOOKUP because it's a simpler function.
On the other hand, with INDEX MATCH, Excel has to consider only the lookup and return columns, as the result it processes such formulas much faster.
From there, the INDEX function takes that number, or numbers, and returns a value in the corresponding cell. Think about Excel INDEX / MATCH in this way: I believe it's even easier to understand from an example.We will cover only the minimum necessary for understanding the general idea and then take an in-depth look at formula examples that reveal all the advantages of using Index / Match instead of Vlookup.