JotUrl provides you with tracking links you can leverage also to manage your affiliates, track relative conversions and commissions.
But to run a Referral program, you need some additional automations and options.
For instance you might want to manage different kinds of referral programs (milestone, ecommerce, dropbox-like... based on referral, ranking, waitlist, etc.) and relative rewards.
You can do the same by fine tuning and integrating JotUrl with third party tools, but of course using a dedicated referral-program tool (like ViralLoops for instance), which provides specific ready-to-go templates, will let you save time.
Thus, our advice is to use JotUrl if you want to mange your affiliates and track their cash commissions. But, if you need to set up a referral program we suggest to use dedicated tools (like ViralLoops).