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Turn Excel into data for Dynamics

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I need to transform data from an Excel spreadsheet to data in Dynamics 365.

The Excel spreadsheet will be made available from time to time on a cloud system.

The idea I had on how to do this would be as follows:

A flow in Power Automate to access the cloud system and download the Excel file to some Dynamics365 entity.

After that I would have a Custom WorkFlow (C#) that would go to the entity with the Excel file and read the information and follow the business rule.

I wanted to know if this idea is valid and if not, what would be another way to do this procedure?

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