Problem during Com connector startup

Exact Error Message
"Server process could not be started because the configured identity is incorrect. Check the username and password"

Details:
The error, as displayed in the Figure above, can occur if an incorrect username and/or password have been assigned to the Navision Axapta Business Connector

To resolve this issue, follow the steps below:
1. Click Start > Run, input dcomcnfg in the Open: box and click OK

2. For Windows 2003 and Windows XP
Component Services will open. Expand Component Services > Computers > My Computer > COM+ application

3. Right click AxaptaCOMConnector.Axapta.1 or AxaptaCOMConnector.Axapta2.1 and select Properties

4. select the Identity tab, place the bullet in This user: (if not already), input the correct user name and password. If the correct username already appears, erase what is currently displayed and use the Browse: button to reselect the correct user, and then input the correct password in the Password and Confirm password fields. Finally click Apply and OK