Changing P3 Control Panel options have no effect

Changing P3 Control Panel options have no effect

I got the ProPoint today and have installed the latest software version onto a laptop running Windows 20H2.
I'm using the USB charger/receiver rather than Bluetooth.

None of the options in the P3 Control Panel have any effect on the mouse (eg can't change tracking speed, button assignment, tilt options etc)
There are no error messages

Connecting via Bluetooth is fine and allows all features to work.

Are the options in the software ONLY supposed to work via Bluetooth or am I missing something to allows these to work via USB?