The server doesn't have the required Microsoft SQL 2016 components installed. Alternatively, the server has the wrong version of those components on the SFA Premier server.
Missing components can cause errors such as:
SQL requires the components noted below, regardless of the SQL version installed on the machine.
On the server where you installed Sage Fixed Assets Premier server 2020.1 or higher, check Program and Features. Start, Control Panel, Program and Features. Look for the version 13.0.1601.5 or the following components:
Note: The names of the components below look the same, but the objects are for 32-bit and 64-bit machines. You can only see these on the download site.
For all systems:
To Download these components: Go to: https://www.microsoft.com/en-us/download/details.aspx?id=103444, Click Download, Select on the following components: