Excel file & cannot be processed

What causes this issue?

An error occurred while attempting to process Excel file &v1&.
Check whether:

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

the file exists
you have authorization to process the file
Excel is installed and can be run

System Response

Excel file &v1& is not processed. The activity is terminated.

How to fix this error?

When the error has been corrected, restart the program.

Error message extract from SAP system. Copyright SAP SE.