credentialing (noun, cre-den-tial-ing, \ krɪˈdenʃəlɪŋ \)
Definition: is the process of determining whether a company, business unit, department, manager, employee, process, system, or policy meets a set of pre-specified requirements and possesses all the necessary qualifications to be eligible to perform a specific project, task, or job, or conduct a certain type of financial operations. Governmental agencies are generally responsible for establishing qualifications for organizations, while companies have the power to devise their own requirements for their employees and internal procedures.
In a Sentence:
- Before a new procedure is introduced to our company’s operations system, it first has to undergo credentialing designed to determine whether it aligns with our core capabilities.
- I haven’t passed the credentialing procedure, so I don’t have permission to access vital company information.
- Our enterprise has passed all necessary credentialing processes, and now we’re officially open for business.
Synonyms and related words: requirements, evaluation, evaluation criteria, evaluation of risk, approval
