Problems starting Excel server for Microsoft 365

I'm having issues with using Excel specific commands.

The issues started when my computer was retrofitted with Microsoft 365.

Using any excel specific commands in matlab script i'm getting errors. For instance using 'xlswrite(X,Y,Z)' returns an error prompt: "SERVER CREATION FAILED:"

After exploring this issue a bit deeper, i've found, that "COM Server" might not be installed with Microsoft 365 but i'm not sure...

Previously i had Microsoft Office 2013 installed on my machine and everything was running without any hickups. Since my machine is owned by corporation, i now need to find a fix for current version of MS Office.

Did somebody experienced a similar issue and found solution?

Please help!