AX 2012 R2 client configuration utility is not opening

AX 2012 R2 client configuration utility is not opening

And when looking in to the event viewer log it shows the following error

Faulting application name: AxCliCfg.exe, version: 6.0.947.0, time stamp: 0x4e098703
Faulting module name: KERNELBASE.dll, version: 6.1.7601.17651, time stamp: 0x4e21213c
Exception code: 0xe0434352
Fault offset: 0x000000000000cacd
Faulting process id: 0x1244
Faulting application start time: 0x01ce2abd220101d7
Faulting application path: C:\Program Files\Microsoft Dynamics AX\60\BusinessConnector\Bin\AxCliCfg.exe
Faulting module path: C:\Windows\system32\KERNELBASE.dll
Report Id: 601ba348-96b0-11e2-afc2-5cf9dd759361

Any idea about why client configuration utility is not opening ?