Probably the biggest advantage to using named ranges is that formulas become a lot easier to read and understand, not only to you but also to others who need to work with your spreadsheets. Using named ranges (easily one of Excel's most useful features), you can reference a range of cells and give it a specific name. From that point on, you can reference the range via the name rather than its range address. Although named ranges are powerful, you can go beyond the standard range names in many ways.