Error: Microsoft Excel cannot open or save any more documents because there is not enough available memory or disk space - when using the Export to Excel button in a query

After creating a query, it's possible to export the results to Excel. When clicking the Export to Excel button specifically from the results tab, the error, Error: Microsoft Excel cannot open or save any more documents because there is not enough available memory or disk space may occur.
As of version 7.87.164, patch 11, The Financial Edge is not yet compatible with Microsoft Office 2016. 

Export the query from the menu bar:
1. Select File > Export
2. Select the desired Export file type and update the file name to include the desired name and location
3. Click Export Now

OR

1. Fully uninstall Microsoft Office 2016 along with all applicable components
2. Uninstall Financial Edge* 
3. Reinstall Financial Edge**
4. Install a supported version of Microsoft Office (For a detailed list of suported versions, please see: What are the system requirements for Blackbaud software?)
5. Reattempt export to Excel

*To uninstall the Financial Edge please follow: https://kb.blackbaud.com/articles/Article/52623 please note to remove the Blackbaud folder as noted in the article.
**To reinstall the Financial Edge please follow: https://kb.blackbaud.com/articles/Article/52472 please note to run setup.exe from the servers shared deploy folder, not a mapped drive.
 

Environment

 Microsoft Office 2016

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