Pandoc (https://pandoc.org) can be used to convert a .docx file to markdown and other file formats like djot and typst. I don't think pandoc can convert powerpoint and excel files.
Since my personal use leans towards the latter, I'm hesitant to believe that this tool will work better for me but others may have other priorities.
They used Mammoth for docx (Word) [1][2] Python-pptx for ppt (PowerPoint) [3][4] and Pandas for XSLX (Excel) [5]
[1] https://github.com/microsoft/markitdown/blob/70ab149ff1657c3... [2] https://pypi.org/project/mammoth/ [3] https://github.com/microsoft/markitdown/blob/70ab149ff1657c3... [4] https://pypi.org/project/python-pptx/ [5] https://github.com/microsoft/markitdown/blob/70ab149ff1657c3...