Modern organizations are grappling with increasing complexity in managing software licenses as SaaS pricing models shift beyond traditional subscriptions to include usage-based and hybrid approaches. With businesses spending significantly on SaaS tools and facing annual price hikes that outpace general inflation rates, effective license management is critical to control costs and ensure efficiency. Modern SaaS license management involves strategic oversight of subscriptions, real-time usage tracking, and billing optimization to handle sophisticated pricing structures that blend subscription with usage-based components. Usage-based billing systems, such as metered and pay-as-you-go models, charge based on actual consumption, requiring organizations to establish robust tracking and billing reconciliation processes. Hybrid pricing models combine base subscription fees with variable usage charges, reflecting the complexity of modern software consumption. Organizations are also challenged by AI-driven pricing complexities and unexpected charges due to variable computational costs. To address these challenges, advanced license management strategies focus on technology infrastructure, financial controls, and strategic vendor management, while the future of SaaS license management might involve outcome-based pricing models and a convergence of SaaS management with FinOps principles. Platforms like Lago offer solutions to handle complex SaaS pricing models, providing flexibility and advanced features to meet diverse organizational needs.