Scheduling XBI_batch.exe to run on a server error

When scheduling XBI_batch.exe to run on a server, the following error is logged:  

Tr_Get_Executables
An error occurred while executing the command definition. See the inner exception for details.
XBI_Clr_SQL_Parse: Return: -2146232576 

Answer:
Make sure that the correct version of .NET is installed on the machine where the XBI_batch.exe file is running.