EPM 10 error while trying to log in from Ms Excel

Hi BPC Experts,

I have a newly installed SAP BPC 10 NW system for Dev, am able to access BPC web. But while trying to log in from Ms Excel it is showing an error with a message as described here :-

Error while communicating with the server

Framework Message:

Name or password is incorrect (repeat logon)

Wrong Authentication

Kindly, check the screen shots and suggest the necessary Troubleshooting.

Thanks & Kind Regards,

Mohd Habeeb