Check whether all the prerequisites are done. The prerequisites can be found here: https://www.manageengine.com/products/applications_manager/help/prerequisites-for-applications-manager.html#ExchangeServer
If unable to add the Exchange Server monitor in WMI mode, follow the below steps:
Open command prompt in administrator mode in Applications Manager-installed machine.
Navigate to <Applications Manager Home>\working\conf\application\scripts directory.
Execute the below command by replacing hostname, username and password with that of the reported Exchange server:

Copy the output of the above command to a text file.
Open powershell in administrator mode in the Applications Manager-installed machine.
Go to <Applications Manager Home>\working\conf\application\scripts\powershell directory.
Execute the below command by replacing hostname, username and password with that of the reported Exchange server:

Copy the output of the above command to a text file.