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Does Multilingual Excel working with TMS 12.3 and 12.4?

We've seen two examples of the following error in different TMS environments: 

NullReferenceException : Object reference not set to an instance of an object. : Caused by NullReferenceException at Sdl.Tms.Ps.MultilingualExcel. Object reference not set to an instance of an object. : at Sdl.Tms.Ps.MultilingualExcel.PreProcessorWorker.CreateMultilingualFile(FileInfo sourceFileInfo) at Sdl.Tms.Ps.MultilingualExcel.PreProcessorWorker.Execute() at Sdl.Tms.Ps.MultilingualExcel.PreProcessor.Execute() at Sdl.Tms.MessageProcessing.WorkerRequestProcessor.ExecuteMessage()