I have an account that is used on a server to run Scheduled Tasks. I have this account set up in a Cyber-Ark password vault. I have set-up Cyber-Ark to automatically update the Scheduled Task with an updated password whenever the account's password is changed.

Now, I also have manually set the DCOM config for "Microsoft Excel Application" to use the same username and have manually set the password.

I would like to have this also automatically update when the account's password is changed, but I am unsure how to do so. I have added "Microsoft Excel Application" with the server's name as the address in the COM+ Application tab for the account within Cyberark.
I receive this same error when I change the name to something that definitely does not exist on the server (Micron Excel Application), so I believe I am leaving out a key piece of configuration rather than a setting on the server being the problem.