Our company system team is going to change the Active Directory password for the SharePoint system account.
I need to know all activities I need to do post password change.
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If you change the password and update the SharePoint with new password, after that make sure all app pools and timer service gets the new password. Update a sync with new password, then you are all set.
I don't see any impact if process properly followed. Worst case scenario would be SharePoint goes down if you locked out the account.