What's the best and simplest way to organize my Iphone apps?

I have an Iphone 4S 64G and 328 apps. How can I organize all my apps into folders? Is there a simple way to do this other than through Itunes or dragging and dropping into folders?

That's alot of apps to be honest I think just folders is your only option or they might be some apps that make the icons smaller to fit more on one page

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