It’s been our tradition to rename the company names when creating a copy of our production environment.
We'd do so to provide our test-users a way to see at a glance which company they were in, so they'd not do actual work in Test, or, Test in production companies.
Question;
Does renaming the company cause any problems when a developer is modifying or editing code?
E>G> Do the company names that are hard-coded throughout various object interact with the modified company names?
How do you help your end user testers differentiate between production and test databases?
The road to success is always under construction.
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Answers
Company Renaming should be done ideally when no other user has logged in and there is no change done in Development environment.
The hard coded company names have to be updated according to the new company name.
You can setup System Indicator in Company Information to display the Database name. You can refer https://msdn.microsoft.com/en-in/library/gg502461.aspx