Today’s release of Office 2016 marks almost three years since the last major version of Microsoft’s productivity apps. More than 1.2 billion people use Office, for everything from simple word processing and personal finances, to powerful number crunching at large enterprises. It’s as ubiquitous as Windows itself, and before today’s new update it was already packed full with features. So, do you really need the latest version?

Nearly a month after the release of Office 365 Home Premium for consumers, Microsoft turns its attention to businesses of all sizes with the releases of three new packages tailored to meet the needs and budgets of small, medium, and large organizations in demand of the latest cloud services.

Today marked the simultaneous release of Office Home and Student 2013, Office Home and Business 2013, Office Professional 2013, Office 365 Home Premium, and Office 365 University.