Overcoming the Common Capability Needed Error in Capital IQ
Investment professionals know the value of Capital IQ. The platform is a reliable tool for arithmetic and economic analysis, research, and screening. However, as helpful as the tool can be, it’s not without its faults. One of these is the common capability needed error, which can be frustrating and a significant waste of time. In this article, we will go through the common capability needed error and its causes, followed by solutions to overcome it.
What is the common capability needed error?
The common capability needed error is an issue experienced by users of Capital IQ when they try to perform a task that requires a specific capability, yet they don’t have access to that relevant feature. The error usually appears as a pop-up notice on the screen, informing the user, “Capability needed to perform this action.”
This error could occur when one is trying to perform company financial analysis, screening, or comparable analysis. Attempting such tasks with an insufficient capability could lead to a flawed result and poor investment decision.
Causes of the common capability needed error
The common capability needed error could occur due to different reasons, including:
1. User Access Level
One of the significant causes of the common capability needed error is when a user account doesn’t have the necessary user access level for a specific task. For instance, if a user account doesn’t have the required capability for premium data and research, performing certain research could result in the error.
2. Locked Functionality
In some instances, a user may have the required access level, yet the functionality is locked. It could be that a subscribed dataset or tool is limited by either a rate plan or a module.
3. Limited Utilization
Another cause of the common capability needed error could be due to limited utilization. Capital IQ has usage limitations that could require an upgrade or modification due to the consumption of data within the subscription agreement.
Solutions to overcome the common capability needed error
Now that we have identified the causes of the common capability needed error, the next thing is finding ways to prevent and solve the problem. Below are some solutions:
1. Check User Access Level
To prevent this error, users should verify that their account has the necessary user access level to perform a particular task. Always ensure that your account access level meets the minimum requirements to use certain features.
2. Confirm Functionality Status
Before beginning any process, always investigate the status of the required functionality. It might be advisable to check experience and subscriptions, the dataset and tool availability and configurations, and confirm that the required functionality is unlocked.
3. Review Utilization
Investigating your Capital IQ usage is an excellent practice to avoid the common capability needed error. Look out for usage limitations that could restrict your access, and upgrade your subscription accordingly.
Conclusion
The common capability needed error is a standard error seen in Capital IQ. It can be frustrating and lead to a waste of time. In this article, we have explored the causes of the common capability needed error, along with solutions to overcome the issue. By implementing the solutions mentioned, users can prevent and solve the problem with ease. Making adjustments to your Capital IQ account access level, confirming functionality availability, and reviewing utilization will help you avoid this error and make better investment decisions.
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