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Hyperion Service Account password reset used for installation/configuration

We are planning to reset the password for Hyperion service account which was used for installation and configuration on windows servers. We are not changing any admin account passwords and database passwords, only resetting service account password. We have WebLogic, HFM, FDMEE, Calc Manager, HFR running on the environment. All Hyperion services are running using "local system" account under windows services. We are using the same service account for Prod and non-prod environments. We are on 11.2.14 version.

Is there any process or steps to be followed post resetting the password?

What is the impact to the environment if we reset password?

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