Hi corinereyes,
Does "BO" refer to Business Objects (Crystal reports)? If so, I think you did answer your own question.
Other reporting tools don't contain any data, they just query a data source, so pointing excel to the report document won't do much good. With BO (Crystal) you can export to Excel, though.
If you want to work with the data directly in Excel, then you would need to link to the specific database type (SQL, Oracle, etc.) via the Data -> Import External Data -> New Database Query menu.
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