SAP Message RSR_EXCEL_RUNTIME302 - Workbook with format &1 cannot be saved with current Excel version

Diagnosis
The workbook could not be saved because Office Excel 2007 and laterversions do not support saving workbooks with format &v1&.

System Response
Saving workbook failed.

Procedure
First, save the workbook locally using one of the formats offered byyour Excel version and then save the workbook to the server.