To get a transparent background for your PV360 final render, you must first hit the 'settings' button. On the 'environment settings' tab, there are two check boxes down at the bottom - 'show floor' and 'show environment'. If you uncheck 'show environment', perform your final render, and save as a PNG file, you will be left with a final render of your model with a shadow cast on a transparent floor (dependent on the environment you selected). If you uncheck both 'show floor' and 'show environment', you will be left with the same results as the latter minus the shadow effect around your model.
The key is to save the final render as a PNG file as they are the highest quality file type that is capable of including a transparent background. You can then drag your PNG file into programs like Word, PowerPoint, or any image/web page publisher and be able to overlay it over the rest of your document without an annoying rectangular bounding box around it (as found in other image file types).
Hope this helps...