Excel on a phone is dog slow for some reason (seriously, I've run Excel on a Pentium II, you don't need this much CPU power) but the UI is fine.
Cells are large enough to comfortably interact with but not big enough to cause problems. The lack of space for UI hides a large part of the standard Excel ribbon, but there's absolutely nothing that prevents Excel from working on your phone.
Phone keyboards don't always need to be QWERTY. Setting flags on input controls to hide autocomplete or to focus on numeric/mathematic input is trivial. Microsoft Excel displays its custom keyboars optimized for formula entries for phones, with formula autocomplete available as well.
Word is dog slow as well, but Google Docs seems like a fine text editor for most cases. GDocs isn't that extensive a text editor to begin with, but you've got everything you need to type out a document. In fact, I think many people under thirty will be faster typists on the phone with autocomplete than in their keyboards sitting behind a computer. A whole generation is currently doing their homework on a phone!
I wouldn't want to program on a phone keyboard and tasks that need a lot of UI (like PowerPoints) probably aren't very comfortable either, but for Excel and Word you don't need a computer at all.
I don't know what office suite you've tried or what device you've tried it on, but it's really not as bad as you make it seem. It'll be terrible for someone who's used to working on a PC, just like using Excel is terrible for someone who's been working on phones their entire life.