XL-Connector and XL-Connector 365 are both Excel plug-ins to work with Salesforce, they are just built using two different add-in platforms that Microsoft provides.
In terms of data loading functions – both plug-ins offer the same functionality, just with different UI.
XL-Connector has been around for longer, so we added more Salesforce administrator functions to it, especially around dealing with metadata. For example the following functions are not available in XL-Connector 365:
XL-Connector 365, on the other hand, is a cloud solution, so it offers it's own advantage of being able to work with your Excel files in Sharepoint when Excel is not running. Using XL-Connector 365, you can schedule any sequence of operations against Salesforce data to be executed automatically on a schedule at any time.
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