Parameter error in step &1 process &2 (object &3 does not exist)

What causes this issue?

A parameter error occurred in the dataflow of the front office process.
You tried to create a required object, but this was not possible.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Check the Customizing settings for the front office.

Error message extract from SAP system. Copyright SAP SE.