diff --git a/README.md b/README.md
index 759384dfa6..b3ef792646 100644
--- a/README.md
+++ b/README.md
@@ -2,7 +2,7 @@
   <img width="180px" height="41px" src="https://suitecrm.com/wp-content/uploads/2017/12/logo.png" align="right" />
 </a>
 
-# SuiteCRM 8.6.2
+# SuiteCRM 8.7.0-beta
 
 [![LICENSE](https://img.shields.io/github/license/suitecrm/suitecrm.svg)](https://github.com/salesagility/suitecrm/blob/hotfix/LICENSE.txt)
 [![contributions welcome](https://img.shields.io/badge/contributions-welcome-brightgreen.svg?style=flat)](https://github.com/salesagility/SuiteCRM-Core/issues)
diff --git a/VERSION b/VERSION
index 7b8d3d832d..ee5e55150d 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-8.6.2
+8.7.0-beta
diff --git a/core/app/common/package.json b/core/app/common/package.json
index a1dbfa9df0..edceace1d2 100644
--- a/core/app/common/package.json
+++ b/core/app/common/package.json
@@ -1,6 +1,6 @@
 {
   "name": "common",
-  "version": "8.6.2",
+  "version": "8.7.0-beta",
   "peerDependencies": {
     "@angular/common": "^12.1.0",
     "@angular/core": "^12.1.0",
diff --git a/core/app/core/package.json b/core/app/core/package.json
index 0d8bc53e40..a2a5bd4a60 100644
--- a/core/app/core/package.json
+++ b/core/app/core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "core",
-  "version": "8.6.2",
+  "version": "8.7.0-beta",
   "peerDependencies": {
     "@angular/common": "^12.1.0",
     "@angular/core": "^12.1.0",
diff --git a/package.json b/package.json
index ef489645c9..2f48d5b1f8 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "suitecrm",
-  "version": "8.6.2",
+  "version": "8.7.0-beta",
   "scripts": {
     "ng": "ng",
     "start": "npm run start:shell",