Office 365 Wave 15 (the current release) brought with it a new admin console, that consolidates and streamlines access to most requirements. That said, one of the common worries for IT managers is around loss of control when compared to administering their on-site infrastructure.
A great tip from @12knocksinna shows how to gain access to an extra level of features:
To access this, simply fire up OWA and then change /OWA to /ECP in the URL an hey presto – you’re in!
I’m sure I remember these features being available in the beta release of Wave 15 – anyone else?!
See Tony’s full blog about it her:
Cloudy with a chance of Licensing 
Or even easier – just go to Admin > Exchange in the main Office 365 Admin Portal