APC: "Failed to Apply Configuration Profile"

From the... "When all else fails, check the obvious" category... :)

If your using APC's PowerChute Business Edition Deluxe 7.0 and getting the error "Failed to Apply Configuration Profile" as detailed in KB article ID 2596 just stop for a second and make certain that the UPS your trying to use is compatible (Answer ID 2561) with the version of the software that you're using.

Hope that helps someone.