Error: The conversion to version 7.85 R1 has failed (Update ID: 265). General ODBC Error: The operation failed because an index or statistics already exists - when updating The Financial Edge

When updating to the latest version, users may receive the following error:
The conversion to version 7.85 R1 has failed (Update ID:  265).  Please report the following error:  Error Number: -2147211486, General ODBC Error: [Microsoft][ODBC SQL Server Driver][SQL Server]The operation failed because an index or statistics with name 'IX_F9_GL7ACCOUNTSEGMENTS_2' already exists on table 'dbo.GL7ACCOUNTSEGMENTS'. Native error:1913

 
We are currently evaluating this issue and will update this article when we have more information.

Steps to Duplicate

1. Attach database.
2. Attempt to login and let database update.
3. Receive error.
 

Environment

 Financial Edge
 7.85

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