diff --git a/VERSION b/VERSION
index b0b5281b..2f4c74eb 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.55.1
+0.56.0
diff --git a/panther_analysis_tool/constants.py b/panther_analysis_tool/constants.py
index c8ec752b..f3b5c6d5 100644
--- a/panther_analysis_tool/constants.py
+++ b/panther_analysis_tool/constants.py
@@ -19,7 +19,7 @@
 
 PACKAGE_NAME: Final = "panther_analysis_tool"
 
-VERSION_STRING: Final = "0.55.1"
+VERSION_STRING: Final = "0.56.0"
 
 CONFIG_FILE = ".panther_settings.yml"
 DATA_MODEL_LOCATION = "./data_models"