In the ever-changing world information and communication technology becomes increasingly important. The paper discloses application of information and communication technologies for performance measurement and its impact for systems functionality. Research is based on analytical methodology and systemic analysis of comparable theoretical and empirical studies. A quantitative analysis of the data was also used in this paper. The main result of this study is fixed relationship between performance

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... measurement systems functionality and Internet related technologies application level in Lithuanian companies. Following the quantitative analysis, when assessing the performance measurement systems and application of Internet related technologies in business, it was found that in Lithuania, however, during this period most companies are included in the intermediate group, which seek to use the growing number of Internet related technologies, thus achieving higher performance evaluation of the system.