This problem is occurring when report directory path names exceed 30 total characters.  Example of a path exceeding 30 characters is:  FundWare\Data\Reports\User Name. 

1.      
Update the path in user security (File > Open IFW > Division 00 > System Administration > Security > user > Edit User)
2.       Update the path in print manager (Print Manager > Open any report > File > Set Report Path)