In order to update the SharePoint databases, you must manually run the PSconfig utility. To run the utility:
1. Open an Administrative command prompt.
2. Change directory to C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\14\BIN
3. Run PSConfig.exe -cmd upgrade -inplace b2b -force -cmd applicationcontent -install -cmd installfeatures
Note: The Companyweb site will be inaccessible while the command is running. It is best to run the command after business hours. The amount of time the command takes to run will vary on the size of the database and the speed of the machine. On a reference machine with 8 logical processors, 32GB of RAM and a 2GB content database, the command took approximately 5 minutes to execute.