Both Music 1 SE and Music 1 Professional work with the Live365.com "locker" system. 

They have a built-in function that automatically connects to your Live365.com locker, imports song library data and uploads finished playlists.

If you are a "relay" webcaster on Live365 and feed them a stream using your stand-alone automation system or player, then you can use either SE or the regular version 7.

You can read a comparison of these two here.

Get the M1Se-Live365 Quickstart document here.

Music 1 SE here.

Music 1 Version 7 Professional here.