SQL Server Agent - The AcquireConnection method failed - Excel files from another network drive

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I am getting an error

The AcquireConnection method call to the connection manager "ConnectionManagerName" failed with error code 0xC0202009

while running the package from SQL Server Agent.

The Excel files are from another server and I have specified the user and password in the the Integration Services Catalogs> SSISBD > Package > Configure dialog (please see the attached screen below) as well as created and used an SQL Agent proxy account but it's not helping.

If I copy the Excel files to the server where the package is running then there is no error so it's sure that the problem is in connecting to another server.

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Could someone please assist me in resolving this error?

Best Wishes,

Prakash

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