Can't view or save reports, can't access Help web resuources

I am working with SDL Trados 2015 and suddenly can't view any reports in Trados or save them as .Excel files. Instead, I get a longish error message starting "Failed to display report. System.Xlm.Xls.XlsLoadException: Error saving compiled state: Cvtres.exe not found. (Exception from HRESULT: 0x80131001) An error ocurred at (0,0)."

Also, I get an error message "Access denied" with all web resources under the Help tag.

Has anybody else encountered this error and has an idea what I could do? I have already restarted the computer and tried with different projects to no avail.

Thanks!