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Not sure if there is any specific requirement to use only excel for the data.
But, if you can use csv file (this can be read from excel as well), it is pretty easy to deal with it in SoapUI with help of small library
Download below files and copy under SOAPUI_HOME/bin/ext directory and restart.
http://central.maven.org/maven2/com/xlson/groovycsv/groovycsv/1.0/groovycsv-1.0.jar
http://central.maven.org/maven2/com/opencsv/opencsv/3.1/opencsv-3.1.jar
And find sample code below:
https://github.com/xlson/groovycsv
But, if you can use csv file (this can be read from excel as well), it is pretty easy to deal with it in SoapUI with help of small library
Download below files and copy under SOAPUI_HOME/bin/ext directory and restart.
http://central.maven.org/maven2/com/xlson/groovycsv/groovycsv/1.0/groovycsv-1.0.jar
http://central.maven.org/maven2/com/opencsv/opencsv/3.1/opencsv-3.1.jar
And find sample code below:
https://github.com/xlson/groovycsv