In the today’s rapidly changing competitive business environment, only flexible and dynamically developing companies are able to meet competition, companies that have managed to reduce costs and improve business efficiency through the introduction of advanced Information Technologies (IT). The use of information technologies is an essential component of a company’s strategy to succeed in a rapidly changing world. Contemporary information technologies make it possible for companies to create information systems for effective communication and mutual understanding among staff members, as well as to support the decision making process at all levels of management.