Excel and Word crashing after upgrading Ventura

I have multiple users reporitng issues after updating to macOS Ventura. When they try to save changes to an excel file located in a network location (SMB), they get the message - " The document was saved successfully, but Excel cannot re-open it because of a sharing violation. Please Close the document and try to open it again". When they try to re-open a get a message "This file is locked for editing". This issue is also happening for Word documents.

I'm unable to replicate this issue on a windows envirnoment or older version of Mac OS.

So I'm pretty confident this issue is related Ventura upgrade especially since before the update everything was fine.