If all your internal reports are pulling based on the alphanumeric ID, and not using the actual Text, there shouldn't be a problem. If any reports are using the text for VLookups or Pivot Tables, you would need to be sure to update any already run historical reports, substituting the New Name for the old one. We have been in that situation and had to do a replacement for our internal reports.
------------------------------
Gina Palmer
Manager, Workforce Management
Papa, Inc.
------------------------------