Report Builder from Dynamics AX

Dear All,

I am trying to access report builder from Tools–> Business Intelligence (BI) Tools–> Report Builder

In Report Builder Options I have given Report Data as ‘Test’ and selected ‘en-us’ as language and then clicked ok.

It gives error message as ‘The Report Builder URL cannot be determined. Ensure that you have configured a Reporting Server’

I have configured Rporting Server and I am able to browse report manager from Report Manager.

Please let me know how can I resolve this and also what I have to give in Report Data field.