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I saw something the other day that you might want to look in to. I saw the article originally in InfoWorld magazine.
The item of interest is called EBS (Employee Business Services) developed by Patrick Grady and Rearden Commerce. It is the most recent product in the emergence of “hosted” type solutions in the ERP market place. If this item is to narrow of a field to research you might consider looking at hosted solutions and/or internet apps as a whole. SAP, PeopleSoft/Oracle and a few others offer these services.
ERP is a broad terminology and there are more players like Oracle,SAP,Peoplesoft,JDEdwards, Seibel,BAAN….the list goes on. The functionality in the basic terms is capturing all the activities in the system. Now The users are not sure which to choose from the long list of ERP Applications. The ideal topic would be to take basic functionality and compare it across Applications and suggest ideal ones. Also if you could rate them and suggest modifications then it might be useful.