diff --git a/atum-s3-sdk-extension/pom.xml b/atum-s3-sdk-extension/pom.xml
index 8874024f..a0a307d1 100644
--- a/atum-s3-sdk-extension/pom.xml
+++ b/atum-s3-sdk-extension/pom.xml
@@ -24,7 +24,7 @@
     <parent>
         <groupId>za.co.absa</groupId>
         <artifactId>atum-parent_2.11</artifactId>
-        <version>3.7.1-SNAPSHOT</version>
+        <version>3.8.1-SNAPSHOT</version>
     </parent>
 
     <properties>
diff --git a/atum/pom.xml b/atum/pom.xml
index cf19092a..9d8ab251 100644
--- a/atum/pom.xml
+++ b/atum/pom.xml
@@ -24,7 +24,7 @@
     <parent>
         <groupId>za.co.absa</groupId>
         <artifactId>atum-parent_2.11</artifactId>
-        <version>3.7.1-SNAPSHOT</version>
+        <version>3.8.1-SNAPSHOT</version>
     </parent>
 
     <properties>
diff --git a/examples-s3-sdk-extension/pom.xml b/examples-s3-sdk-extension/pom.xml
index 0c4e07d1..bd5d9b63 100644
--- a/examples-s3-sdk-extension/pom.xml
+++ b/examples-s3-sdk-extension/pom.xml
@@ -24,7 +24,7 @@
     <parent>
         <groupId>za.co.absa</groupId>
         <artifactId>atum-parent_2.11</artifactId>
-        <version>3.7.1-SNAPSHOT</version>
+        <version>3.8.1-SNAPSHOT</version>
     </parent>
 
     <properties>
diff --git a/examples/pom.xml b/examples/pom.xml
index 053c2ab3..b3eb216c 100644
--- a/examples/pom.xml
+++ b/examples/pom.xml
@@ -24,7 +24,7 @@
     <parent>
         <groupId>za.co.absa</groupId>
         <artifactId>atum-parent_2.11</artifactId>
-        <version>3.7.1-SNAPSHOT</version>
+        <version>3.8.1-SNAPSHOT</version>
     </parent>
 
     <properties>
diff --git a/model/pom.xml b/model/pom.xml
index 35b52e8c..8459797e 100644
--- a/model/pom.xml
+++ b/model/pom.xml
@@ -24,7 +24,7 @@
     <parent>
         <groupId>za.co.absa</groupId>
         <artifactId>atum-parent_2.11</artifactId>
-        <version>3.7.1-SNAPSHOT</version>
+        <version>3.8.1-SNAPSHOT</version>
     </parent>
 
     <properties>
diff --git a/pom.xml b/pom.xml
index fbc96b3e..37a8a6a6 100644
--- a/pom.xml
+++ b/pom.xml
@@ -20,7 +20,7 @@
 
     <groupId>za.co.absa</groupId>
     <artifactId>atum-parent_2.11</artifactId>
-    <version>3.7.1-SNAPSHOT</version>
+    <version>3.8.1-SNAPSHOT</version>
 
     <packaging>pom</packaging>
 
diff --git a/version.sbt b/version.sbt
index a939b59f..5f55946b 100644
--- a/version.sbt
+++ b/version.sbt
@@ -13,4 +13,4 @@
  * limitations under the License.
  */
 
-ThisBuild / version := "3.7.1-SNAPSHOT"
+ThisBuild / version := "3.8.1-SNAPSHOT"