Can someone PLEASE help me link from Excel to Word?

I am trying to link data from an Excel workbook (individual cell values, ranges, etc.) to a Word document, to create a "template" for a business report. If I then want to use this template and save it under a different name, (say "New Report"), I have to save the Word document under a new name, open it, right-click on a linked object, select "Linked Worksheet Object", then "Links", and change the source workbook, line by line, for each link. I have many links (over 100), and to dothis manually, one-by-one, is increadibly time-consuming. Is there another way?

Any help or suggestions would be greatly appreciated; thanks in advance for your time and help.