VERSO is a tool for development of Internet and Intranet database applications and data storage. The application powered by VERSO is introduced in the article which is designed for corporate knowledge management. Application deals with internal and external knowledge. Internal knowledge is acquired on site from the company itself. External knowledge is captured form other resources. Both knowledge categories are further splitted according to origin and characteristics of knowledge. Process of knowledge management id partly different for both categories. The paper describes that process from manager’s and user’s point of view. Some screens of the application and possible modification and further development are presented.