diff --git a/pom.xml b/pom.xml
index 7e1b38ee3..08b486eeb 100644
--- a/pom.xml
+++ b/pom.xml
@@ -6,13 +6,13 @@
 
 	<artifactId>spring-cloud-function-parent</artifactId>
 	<name>Spring Cloud Function Parent</name>
-	<version>3.1.4-SNAPSHOT</version>
+	<version>3.2.0-SNAPSHOT</version>
 	<packaging>pom</packaging>
 
 	<parent>
 		<groupId>org.springframework.cloud</groupId>
 		<artifactId>spring-cloud-build</artifactId>
-		<version>3.0.4-SNAPSHOT</version>
+		<version>3.1.0-SNAPSHOT</version>
 		<relativePath/>
 	</parent>
 
diff --git a/spring-cloud-function-dependencies/pom.xml b/spring-cloud-function-dependencies/pom.xml
index 5f2c24695..1d4681965 100644
--- a/spring-cloud-function-dependencies/pom.xml
+++ b/spring-cloud-function-dependencies/pom.xml
@@ -6,11 +6,11 @@
 	<parent>
 		<artifactId>spring-cloud-dependencies-parent</artifactId>
 		<groupId>org.springframework.cloud</groupId>
-		<version>3.0.4-SNAPSHOT</version>
+		<version>3.1.0-SNAPSHOT</version>
 		<relativePath/>
 	</parent>
 	<artifactId>spring-cloud-function-dependencies</artifactId>
-	<version>3.1.4-SNAPSHOT</version>
+	<version>3.2.0-SNAPSHOT</version>
 	<packaging>pom</packaging>
 	<name>Spring Cloud Function Dependencies</name>
 	<description>Spring Cloud Function Dependencies</description>