I’m new to TEM. IN my TEM console, if i click on Tools -> Launch Web reports, internet browser opened with address http://localhost/webreports with HTTP 404 error.
My issue is resolved. The problem was with IIS. For whatever reason, IIS had started and was stepping on the Web Reports Service. I stopped the IIS web site that was running on :80. I was able to log into the Web Reports Server and configure a datasource. My reporting is now functioning.