SQL Server on Azure VM - Upgrade Path

I have been using a SQL Server 2012 Standard on an Azure VM for about a year.  Our company has grown and we now need the features in the Enterprise version.  I'm wondering if anybody knows about the upgrade path and how billing works.  We do have an enterprise agreement with Microsoft.

The plan now is to build a 2014 Enterprise server, move all of the old server to the new.  What I really want to do is simply push an "upgrade" button.  I realize advantages of a fresh start but we're on a time constraint.  I would have the flexibility to give the server a fresh start in the near future.  Upgrading the version would be best at the moment.

Azure charges differently between the Standard and Enterprise licenses.  We don't own our license.  We rent the license hourly through Azure.

The current SQL Server is on Server 2012 R2.  The plan would be to use the same for SQL 2014.

Does anybody have any suggestions or advice that can make this migration easier and more importantly, faster?

Jason SchlueterIT ManagerAsked:
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do you use the azure sql server or do you have a azure windows server have installed and licensed sql server?
in case 1 MS is responsible for upgrade and you don't have to do anything.

in case 2 you need to obtain license for sql server 2014 and the cost will depend on your enterprise agreement with microsoft.

You might want to convert to case 1 (get a sql server from microsoft) that has the advantage that microsoft always keep it updated to latest version without you having to do anything.
Jason SchlueterIT ManagerAuthor Commented:
I spun up a VM with Enterprise 2014, backed up the Standard 2012 data, transferred it, changed the hostname on 2012, then changed the hostname on 2014 to be what 2012 was.  It was invisible to users and took only a few hours.

If anyone is interested in more depth of my steps please send me a message.

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Jason SchlueterIT ManagerAuthor Commented:
No response, guessed.
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