Intelligence Reporting Error

Whenever I try to open the Intelligence Reporting on Sage50, I get an error that says:

"To use Sage 50 Intelligence Reporting, you must have Microsoft Excel 2003 or higher installed on your computer."

I definitely have Excel way beyond 2003 (and the entire Office suite) installed and I'm using Windows 10. So I'm not sure what the issue is. Do I need some kind of patch?

Thank you!