Office365 is a collection of Microsoft enterprise apps that are curated to be useful for all businesses. These apps include the big-hitters you might have used before, like PowerPoint, OneNote and Word. But there are also those specifically curated for business use such as SharePoint and FLow.
Office 365 managed services ensure that enterprise solutions are maintained and monitored. A third party can provide support for the installation and maintenance of Office 365 managed services. This includes administration, migration, integration, and monitoring.
Microsoft Office Management allows you to modify settings and implement your preferences in order to install, upgrade, manage, and maintain your Office365 suite. It is easy to use and offers a lot of control. It includes sections for subscriptions and support, setup, management, and subscriptions. This also allows you to access a company portal that can be used for network-wide changes.
More info @ What is Managed Office 365 Services