Error Testing reporting server connection\ http://<ip>/Reports - failed: The address is invalid or unavailable. Check the URL and try again.

Hi,

Thank you for reading the post!

I have configured the reporting services and am able to access the URLs(http:///Reports & http:///ReportServer) from web browser individually. But When I goto Administration → Setup → Business Analysis → Reporting Services → Reporting Servers and click on Validate button I get the error “Error Testing reporting server connection\ http:///Reports - failed: The address is invalid or unavailable. Check the URL and try again.”. What could be the reason?