raghu_nandan, basically Param also deals with end to end recruitment process. As in, let's say you're using a WP-Plugin (may be a form), and you get that data on your dashboard, but you can't really do the status changes or invite the candidate for an interview. Param takes care of all those.
We built Param.ai on a vision to ease the entire recruitment process. Right from automating the flow from career page, interview scheduling to create the offer contract.