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Helps to pick up spelling errors and presumably make the editorial job easier on the Google end of things.
It would be great on the advertiser end too but it seems to take a minute or two per ad. Even at a minute per ad, it could take a full day to post a large campaign.
A nice adjustment would be to be able to post your entire campaign and then check all the ads at once, instead of having to wait for each ad. Even better would be a speadhseet bulk upload to avoid the copy and paste procedure that already can take hours.
That way if it takes a minute an ad it won't really matter as much if editorial processing for each individual ad is slow. You can go do something else while it is processing.
I'm ALL for the "spreadsheet bulk upload" idea!
Our Google rep turned on the (new?) Optimization Proposal in one of our campaigns, containing lots of new terms. I asked for (and got) the campaigns in a spreadsheet, which makes it easy to make major changes such as the tracking strings and give back to the rep for upload.