MacOS "Another account from your organisation is already signed in on this device"

I have an Office 365 subscription through my work, after recently updating Office, every time I now open Word, Excel or PowerPoint, I am prompted to sign in and activate the product. When I try to, I get this error “Another account from your organisation is already signed in on this device".

I have tried multiple suggestions as follow :

• Delete all Keychain entries relating to Office
• Uninstall Office and reinstall it via portal.office.com
• Install removal license tool
• Remove all Outlook accounts and add them (as suggested here https://answers.microsoft.com/en-us/msoffice/forum/all/word-and-excel-keep-prompting-for-activation-every/a055b722-574f-4dbc-974d-a8a336a119e7?messageId=c0435c83-9040-4180-8a22-d8f5850509c1)

My Office apps are all up to date and I am running macOS Monterey Version 12.6.

Excel for Mac version is 16.68.

Thank you for your support.

[Moved from Subscription, account, billing/For Business/Accounts, groups management, and sign in]

EDIT : upgrading to macOS Ventura (13.0.1) didn't solve the issue